Senior Sourcing Specialist

at  Moodys

Provide sourcing services to the various lines of business. Represent and be the liaison for the Procurement & Sourcing Group in all relevant initiatives. The Senior Sourcing Specialist is responsible for strategic sourcing and contracting for multiple sourcing categories (including IT services and professional services). The responsibilities include:

• Manage administration of contracts through the ability to track, analyze, aggregate, and report necessary information. This includes: Key milestones, incentives, notifications, commencement and expiration dates of agreements, support contact information, and collecting information to determine the company’s needs before negotiations.
• Develop and administer standard agreement templates including Non-Disclosure Agreements, Standard contracts, and Statements of Work.
• Conduct first level contract review to ensure key terms and conditions are incorporated and liaise with in-house legal counsel, InfoSecurity and Insurance in the review and final approval of contracts and renewals.
• Redline and edit contract language, suggest alternate terms based on the needs of the engagement/stakeholder, as needed.
• Contribute to negotiations as liaison between internal and external personnel including in discussions on key contract terms, conditions, and pricing as required.
• Accurately capture contracts details in Procurement systems to ensure information is properly maintain in our contract repository system (includes updates).
• Maintain and facilitate proactive planning and contract management meetings with key stakeholders.
• Manage projects and objectives to ensure commitments are met in a timely manner and projects/contracts are delivered within defined SLA objectives.
• Work closely with internal business partners by providing responsive and clear communications regarding projects to ensure customer satisfaction.
• Assist in developing, implementing and/or executing a sourcing and procurement category strategy aligned with the Sourcing groups’ objectives

Qualifications:

• Experience with reviewing, drafting, and negotiating contract terms and recognizing and limiting risk
• Experience with reviewing, drafting, and leading Requests for Proposals (RFP)
• Ability to review and analyse contracts and SOWs working with Legal, Information Security, and Insurance as necessary
• Experience in initiating, developing and executing sourcing strategies
• Excellent organizational skills and the ability to manage multiple projects at once
• Ability to work independently while being able to contribute successfully to cross-functional teams and keeping management apprised of projects and initiatives
• Exceptional relationship management skills to effectively shape strategic solutions with stakeholders and key suppliers
• Excellent influencing skills and experience of managing multiple and diverse stakeholder groups in a major complex organization
• Strong change management experience and delivery
• Strong written and verbal communications skills, as well as interpersonal skills, in order to effectively build relationships with internal and external clients, present business recommendation
• Experience in multiple sourcing categories is a plus (IT Services, Professional Services, etc.)
• Fluent in written and spoken English a must
• Experience in the financial services industry a plus
• 5-7 years of Sourcing experience
• Education: Bachelor’s degree in Business (or equivalent) from an accredited college/university.

• Manage administration of contracts through the ability to track, analyze, aggregate, and report necessary information. This includes: Key milestones, incentives, notifications, commencement and expiration dates of agreements, support contact information, and collecting information to determine the company’s needs before negotiations.
• Develop and administer standard agreement templates including Non-Disclosure Agreements, Standard contracts, and Statements of Work.
• Conduct first level contract review to ensure key terms and conditions are incorporated and liaise with in-house legal counsel, InfoSecurity and Insurance in the review and final approval of contracts and renewals.
• Redline and edit contract language, suggest alternate terms based on the needs of the engagement/stakeholder, as needed.
• Contribute to negotiations as liaison between internal and external personnel including in discussions on key contract terms, conditions, and pricing as required.
• Accurately capture contracts details in Procurement systems to ensure information is properly maintain in our contract repository system (includes updates).
• Maintain and facilitate proactive planning and contract management meetings with key stakeholders.
• Manage projects and objectives to ensure commitments are met in a timely manner and projects/contracts are delivered within defined SLA objectives.
• Work closely with internal business partners by providing responsive and clear communications regarding projects to ensure customer satisfaction.
• Assist in developing, implementing and/or executing a sourcing and procurement category strategy aligned with the Sourcing groups’ objective