Senior Sourcing Analyst (Marketing Sourcing exp must) at Visa

Bengaluru, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

22 Feb, 26

Salary

0.0

Posted On

24 Nov, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Sourcing, Procurement, Contract Negotiation, Market Analysis, Risk Management, Supplier Management, Financial Modeling, Analytical Skills, Attention to Detail, Communication Skills, Team Player, Problem Solving, Microsoft Office, Ariba, Coupa, DocuSign

Industry

IT Services and IT Consulting

Description

Company Description Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid. Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa. Job Description The primary purpose of this position is to maximize the value and minimize the risk associated with contracts and procurement-related activities. This position will manage and guide internal business partners through the daily activities within the contract and purchasing processes and procure marketing services while ensuring adherence to compliance regulations in accordance with Global Sourcing and Procurement policies and procedures. Responsibilities: Engages and establishes business partnerships with cross functional leadership across Visa to collaborate, influence, and support sourcing strategies Creates, writes, negotiates, and reviews supplier contracts. Works with internal business partners to establish agreements that reflect the interests of the company. Works directly with suppliers/vendors to obtain materials/products/services through preparation and administration of Statements of Work/Quotes to validate favorable terms on quality, delivery and price and ensure end-user needs are met on a consistent basis. Act as primary liaison to Legal, Works with legal counsel and other stakeholders to negotiate terms and conditions of the contracts. Reviews and approves contracts in accordance with Global Sourcing policies, procedures and standard terms and conditions. Ensures contract accuracy and rewrites or amends as necessary Applies knowledge of contract law in contract activities. Ensures contract accuracy to type of purchase and risk level Collaborate with legal and other company departments and functional stakeholders to analyze risks and develop language to minimize exposure. Facilitate the supplier selection and negotiation process. Negotiate contractual terms in partnership with business owners. Coordinate with Category Managers to support sourcing initiatives. Works with internal customer groups to help establish specifications and validate pricing and terms. Communicates effectively and frequently, listens carefully, and actively seeks and values the perspectives of others. Builds effective relationships with external suppliers to support category strategies. Facilitate the supplier selection and negotiation process. Put in place contracts for purchases when no existing contract exists. Deliver support to internal customers in an effective and efficient manner. Source the appropriate suppliers to support the delivery of services and equipment and analyze supplier responses and statements of work/proposals. Interact with vendors to resolve transactional issues on a daily basis. Participate in and may facilitate supplier selection and moderate to highly complex contract negotiations, involving Legal and other departments as necessary, to achieve favorable terms on quality, delivery, and price, ensure end-user needs are met and deliver cost savings. Perform market analysis, benchmark analysis, and spend analysis for focused categories. Ensure that Global Sourcing enhances its buying power based on activities across all areas, leveraging Visa’s global buying power and ensuring improvement opportunities at all times. Guide internal customers and stakeholders through the end-to-end procurement process. Gather key information from requesters to summarize scope of purchase while identifying potential risk factors. Administer contracts in Ariba Contract Workspace, including routing agreements for approvals and signatures and related administrative work. Able to explain to business owners, the steps in the Sourcing process and why the different activities are necessary (e.g., through communication, documentation, etc.) Additional projects as needed (i.e., UAT for new software applications, trainings, process management, etc.) Addresses inquiries on order status of products and services Resolves discrepancies related to procurement issues Troubleshoots internal customer issues regarding the services provided by Procurement Operations. Documents the problem and provide appropriate follow up to meet internal customer service levels. Responds to queries from Internal Customers. Processes purchase requisitions and update existing purchase orders as requested by business partners, on an as needed basis. This is a hybrid position. Expectation of days in the office will be confirmed by your Hiring Manager. Qualifications Basic Qualifications: 8 or more years of relevant work experience with a Bachelor's Degree or an Advanced degree (e.g. Masters, MBA, JD, MD) Preferred Qualifications: 9 or more years of work experience with a Bachelor's Degree or with an Advanced Degree (e.g. Masters, MBA, JD, MD) Experience as a sourcing and/or procurement professional, preferably with a major financial institution or payment card company in Marketing services. Knowledgeable about contract terms and conditions. Ability to identify contractual risks, rights, and obligations. In-depth understanding of Procurement policies and procedures and their application to the processing of center transactions (e.g., processing purchase requisitions, processing purchase orders, modifying purchase orders, executing bidding for transactions, and executing RFP’s, as required). Extensive experience with contract negotiations and drafting. (i.e., Statements of Work, Master Service Agreements, SaaS, and Software License Agreements) Strong analytical, financial modeling and problem-solving skills. Strong attention to detail. Ability to deal with ambiguity. High level of self-motivation and initiative, and ability to operate as an effective team player. Ability to identify, pursue and manage multiple initiatives simultaneously and deliver superior results. Strong planning and organization skills and business judgment, including the ability to anticipate the impact of decisions/initiatives. Strong written and verbal communication skills, interpersonal and presentation skills, and the ability to influence and communicate effectively. Candidate must be driven, self-motivated, and a strong team player. Previous sourcing experience managing moderate to highly complex relationships. Proficiency in purchasing systems and organizational interfaces (including Ariba, Coupa, DocuSign, and Oracle). Proficiency in Microsoft Office: Outlook, Teams, Excel, Word, and PowerPoint. Additional Information Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.

Responsibilities

The Senior Sourcing Analyst will maximize the value and minimize the risk associated with contracts and procurement-related activities, particularly in marketing services. This role involves managing supplier contracts, collaborating with internal stakeholders, and ensuring compliance with procurement policies.