ANALYST, STRATEGIC SOURCING

Are you ready to hone your skills & gain experience in a world class financial services organization that helps people prosper? Are you interested in joining a globally diverse organization where our unique contributions are recognized and celebrated, allowing each of us to thrive? Then it’s time to join Western Union as an Analyst, Strategic Sourcing.

ROLE RESPONSIBILITIES

• Sourcing and procurement analyst ensures successful execution of sourcing events (RFx) and contract negotiations.
• Drive cost-saving initiatives through strategic sourcing, supplier consolidation, and alternative sourcing options.
• Track sourcing expenditures to ensure cost-effectiveness and adherence to financial targets.
• Implement pricing and cost-reduction strategies without compromising on quality.
• Supplier research and evaluation:
• Identify potential suppliers and assess their capabilities, pricing and reputation.
• Conduct market research to understand supplier trends, pricing models, and competitive offerings.
• Evaluate suppliers based on quality, cost, delivery performance, and compliance with standards.
• Data Analysis and Reporting:
• Analyze procurement data to identify cost-saving opportunities, inefficiencies, and supplier performance trends.
• Create and maintain reports on supplier performance, market conditions and purchasing metrics.
• Input deals into LevelPath sourcing tool and execute contracts using DocuSign.
• Contract Negotiations and Management:
• Lead contract negotiations to secure advantageous terms and conditions with suppliers.
• Manage the contract lifecycle from initiation through execution and renewal.
• Assist in the preparation, negotiation, and execution of supplier contracts.
• Ensure suppliers adhere to contractual terms, including quality standards.
• Cross-Functional Collaboration and Communications:
• Identify opportunities to reduce costs through strategic sourcing, volume discounts and alternative suppliers.
• Support negotiation for pricing, terms, and conditions with the suppliers.
• Work closely with procurement operations, finance, and other departments to align sourcing strategies with overall organizational needs.
• Risk Management:
• Assess and mitigate potential risks related to supplier performance and regulatory compliance.

ROLE REQUIREMENTS

• A bachelor’s degree in business, communications, or other management discipline.
• Certification in procurement (e.g., CPSM, CIPS) is a plus.
• Strong Analytical skills and experience with procurement software and databases.
• Knowledge of market research, supplier evaluation, and contract management.
• Comfortable assembling and working in a cross-functional environment.
• Current knowledge of technology, marketplace and its trends.
• Knowledge of data analytics to support the development and execution of sourcing strategies.
• Excellent communication and negotiation skills, and ability to influence stakeholders.
• Detail-Oriented with the ability to manage multiple tasks and priorities simultaneously.
• Ability to work collaboratively in a team-oriented environment.
• Previous experience in sourcing, procurement, and supply chain management with keen analytical ability.
• Familiarity with industry-specific sourcing strategies (e.g., Technology, Money Transfer, etc.).
• Attention to detail formulating precise contract terms and conditions and SLAs.
• Sourcing Manager plays a crucial role in ensuring procurement processes are efficient, cost-effective, and aligned with business objectives.
• Advanced English and Spanish level is required. Portuguese is a plus.