Sr. Strategic Sourcing Analyst
Fidelity & Guaranty Life Business Services

Job Info

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F&G is looking to hire for a Sr. Strategic Sourcing Analyst

The Senior Strategic Sourcing Analyst will be responsible for interpreting, drafting and negotiating contracts including SaaS agreements, MSAs, SOWs, and licensing agreements, among others for IT, Marketing and/or Human Resources (or other departments as assigned); this process will include negotiating competitive pricing and contract terms that drive value and mitigate risk. This position will also be responsible for the facilitation of RFPs.

Duties and Responsibilities

• Execute the RFP process, solution selection and negotiations to achieve the desired results for assigned departments including but not limited to IT, Marketing and/or Human Resources
• Collaborate with the Vendor Management office to ensure risk evaluation is complete prior to contracting
• Develop strong relationships with business partners to influence outcomes
• Build relationships with key business partners and meets regularly with them to ensure Strategic Sourcing is meeting expectations
• Negotiate small to medium size agreements that meet business objectives
• Understand and interprets the provisions and terms of contracts; collaborates with Legal and other SMEs as necessary to ensure interpretation accuracy and to resolve escalated issues
• Negotiate contractual terms, pricing, and deliverables to mitigate risk and maximize value
• Prepare and analyzes vendor spend reports and provides recommendations for improvements to better negotiate and leverage contracts
• Create metrics to report on progress against initiatives and/or to provide required data to key business owners
• Develop cost/benefit analysis and identify cost saving opportunities; work with business partners and suppliers to realize cost savings
• Assist with implementation of Strategic Sourcing platform
• Act as point of advice, support and guidance to departments and individuals for collaborating with Strategic Sourcing
• Manage contract database for aligned business units and collaborates with business partners to ensure a timely renewal or termination
• Support vendor management initiatives as needed

Experience and Education Requirements

• Bachelor's Degree or equivalent work experience required
• 6+ years of sourcing or contract negotiation experience required
• Prior experience in reviewing and editing vendor contracts, including MSAs, SOWs, NDAs, etc.
• Experience with implementing new software platform into established work environment preferred
• Extensive experience negotiating software licensing agreements (all types) is preferred

Knowledge, Skills and Abilities

• Knowledge of various procurement categories (software, hardware, professional services, consulting, marketing etc.) required
• Demonstrated knowledge in contract management, negotiation, vendor performance management, and strategic procurement process required
• Ability to conduct RFPs required
• Excellent written and verbal communication skills
• Strong organizational and analytical skills
• Ability to effectively present information
• Proven relationship-building ability
• Adaptability
• Strategic negotiator
• Comfortable in matrixed environment
• Understanding of multiple project management processes and methodologies (waterfall, agile, SDLC)
• Strong time management skills and ability to meet deadlines
• Aptitude for solving complex problems
• Ability to quickly establish credibility to build working relationships
• Excellent interpersonal skills, including teamwork, issue resolution, and customer relationship management

Other Requirements

• Perform other functions, duties and projects as assigned
• Regular and punctual attendance
• Some travel required (less than 10%)

#LI-remote #LI-BR1

Additional Information
Work Environments

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.

F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G. If reasonable accommodation is needed to participate in the job application or interview process, please contact talentacquisition@fglife.com.

Join our employee-centric hybrid work environment: F&G Careers

About F&G

Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life's unexpected events.

As a national Top Workplace1, an Iowa Top Workplace2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.

1Top Workplaces USA 2022 - 2023

2Des Moines Register Top Workplaces 2018 - 2022

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