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Procurement, Strategic Sourcing Analyst
Procurement, Strategic Sourcing Analyst-September 2024
Boston
Sep 22, 2024
ABOUT SANTANDER US
Santander US is a diversified financial business with a retail and commercial banking presence in the U.S. northeast, international investment banking capabilities through our New York and Miami offic
10,000+ employees
Financial Services
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About Procurement, Strategic Sourcing Analyst

  Procurement, Strategic Sourcing Analyst

  Dorchester, United States of America

  Sourcing team main goal is to find market solutions and negotiate with third-parties for new or existing services/products, aligned with our clients' goals and strategies. Providing assistance from beginning to end guiding our customers through the procurement process.

  The strategic sourcing team works in more complex sourcing and negotiations activities that require analysis, market research and strategy development with the intention to achieve savings for our clients.

  As a Procurement, Strategic Sourcing Analyst , you will support the completion of category analysis, pricing negotiations and service optimization. Our goal is to attain the best price and service conditions for our organization.

  Strategic Sourcing Projects and Negotiation

  Partner with manager to outline the end-to-end strategic sourcing process using data and market analysis, strategy development, pricing negotiations, and contract reviewIndependently carry out straightforward negotiationsAppropriately utilize RFx documentation and navigate e-Procurement Platform by coordinating with business partnersboth internally and externally

  Relationship Management

  Develop and sustain meaningful relationships through building trust and rapport with internal Santander stakeholders utilizing strong customer service skillsHold meetings with clients across all stages of the project with the objective of keeping all stakeholders informed of the activities and advancements of the categoryRepresent Santander's position in front of suppliers in order to obtain the most convenient or desirable business proposals for Santander, and act as the communication link between Santander and suppliersRaise issues falling within the procurement cycle to management and assist in their resolution

  Data and Market Analysis

  Understand and execute category strategy as designed by manager and take part in redirection as necessaryUnderstand the minimum service requirements defined by the business lineOccasionally conduct market analysis across category responsibilities, and work with manager to identify gaps to increase leverage during negotiationPartner with manager to analyze and evaluate the vendor proposals to determine the best value option for SantanderCalculate and report sourcing initiative results and year over year savings

  Internal Continuous Improvement

  Identify and support the resolution of potential obstacles or complications when executing categoriesParticipate in the development and execution of internal projects to improve organizational performance

  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  Qualifications

  Bachelor's or Master's Degree Business, Economics, Engineering or equivalent fieldWork Experience Sourcing, Procurement, Supply Chain Management

  Skills

  Ability to work well in a high volume, fast-paced environmentAbility to define problems, organize relevant information, establish facts, and draw and defend valid conclusionsAbility to work independently on matters within the positionPC skills, particularly MS Office SuiteStrong organization and project management skillsExperience with electronic sourcing platforms is highly valued

  At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.

  Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

  This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.

  #LI-Hybrid

  English

  Primary Location: Boston, MA, State Street-Corp

  Other Locations: Massachusetts-Dorchester,Massachusetts-Boston

  Organization: NW Services Co

  AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO

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