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Procurement Principal Sourcing Specialist
Procurement Principal Sourcing Specialist-March 2024
Riverwoods
Mar 18, 2025
ABOUT DISCOVER
Make a difference working in a culture that thrives on customer-focused innovation.
10,000+ employees
Financial Services
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About Procurement Principal Sourcing Specialist

  Discover. A brighter future.

  With us, you’ll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it — we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.

  Come build your future, while being the reason millions of people find a brighter financial future with Discover.

  Job Description:

  What You’ll Do

  Execute sourcing and category management activities for designated category, as directed by Category Management leadership

  Partner with internal stakeholders to develop requirements, issue and score RFx events, develop appropriate leverage, negotiate pricing and commercial terms, and assist in contracting.

  Bring outside market expertise to assist internal stakeholders and management of optimal supplier pricing and service structures as well as insights to changes in market conditions.

  Calculate and report realized savings, and execute category management and sourcing best practices. Establishing and prioritize project plans for sourcing projects will be critical to achieve expected objectives and results.

  Actively manage and escalate risk and customer-impacting issues within the day-to-day role to management.

  How You’ll Do It

  Utilize best in class strategic sourcing process and data driven analytics to negotiate optimal commercial T&Cs that meet or exceed the needs of Stakeholders. Develop and execute RFx, analyze results, establish leverage strategies, and assess award scenarios. Negotiate and approve all commercial terms related to third party contracts to optimize total cost of ownership for Company.

  Based on the analysis of Company spend, client activity and the marketplace, develop and recommend the most appropriate sourcing strategy for each project assigned.

  Provide expertise within the organization around the supply markets that DFS buys in for designated category, and understand the effects that economic, technological, and governmental changes that impact those markets; share expertise with junior sourcing staff and leadership. Continuously review industry and peer best practices, educate the organization on them, and develop plans to implement those that provide a competitive advantage for DFS.

  Utilize sound project management techniques to ensure projects meet objectives and timelines, including development of comprehensive project and communication plans. Maintain team accountability to project deliverables and execute all necessary communications to ensure accurate and timely flow of information to internal customers, stakeholders, and suppliers.

  Build positive working relationships both internally and externally to provide DFS with goods and services at the lowest Total Cost of Ownership at the Highest Quality.

  Ensure actions are in compliance with department and company policies and procedures, and applicable local, state, and federal laws.

  Qualifications You’ll Need

  The Basics:

  Bachelor's degree in Business or Arts

  6+ years of experience in sourcing or related field

  In lieu of a degree, 6+ years of experience in sourcing or related field

  Lean, Six Sigma

  Bonus Points If You Have

  Master's degree in Business or Arts#LI-EB1

  Application Deadline:

  The application window for this position is anticipated to close on Jan-09-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.

  Compensation:

  The base pay for this position generally ranges between $88,500.00 to $149,300.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.

  Benefits:

  We also offer a range of benefits and programs based on eligibility. These benefits include:

  Paid Parental Leave

  Paid Time Off

  401(k) Plan

  Medical, Dental, Vision, & Health Savings Account

  STD, Life, LTD and AD&D

  Recognition Program

  Education Assistance

  Commuter Benefits

  Family Support Programs

  Employee Stock Purchase Plan

  Learn more at MyDiscoverBenefits.com .

  What are you waiting for? Apply today!

  All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.

  Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights) (https://urldefense.com/v3/__https:/www.eeoc.gov/poster__;!!MjXRb4uW6x5k!ABIVgRw0WsyX2wfQC-pKxK3V9X4h1NBUGgjO7EM8PTvp5MNRgpEuVC_jVk0fcn_ISAZjmwkbLuUIrj8mFedCBkyz$)

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