Sourcing Analyst at Visa

Bengaluru, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

25 Jan, 26

Salary

0.0

Posted On

27 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Sourcing, Procurement, Contract Negotiation, Supplier Management, Risk Analysis, Relationship Management, Process Mapping, Continuous Improvement, Microsoft Office, Purchasing Systems, Legal Compliance, Communication Skills, Team Player, Self-Motivation, Presentation Skills, Problem Solving

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 Job Description Overview: The primary purpose of this position is to procure services and products and guide our internal business partners through the procurement process while ensuring adherence to compliance regulations in accordance with Global Sourcing and Procurement policies and procedures. Responsibilities: Creates, writes, negotiates, and reviews supplier contracts. Works with internal business partners to establish agreements that reflect the interests of the company. Works with legal counsel and other stakeholders to negotiate terms and conditions of the contracts. Ensures contract accuracy and rewrites or amends as necessary. 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. Participates in supplier selection and moderately complex contract negotiations, involving Legal and other departments as necessary, to achieve favorable terms on quality, delivery, and price, and ensure end-user needs are met and deliver cost savings. Works with internal customer groups to help establish specifications and validate pricing and terms. Interacts with Legal and other company departments and agencies to analyze risks associated with agreements and develop language to minimize exposure whenever needed. Reviews and approves contracts in accordance with company terms and conditions. Guides internal customers and stakeholders through the end-to-end procurement process. Coordinates with internal customers and category managers to assist in sourcing initiatives Interacts with vendors and internal customers to resolve transactional issues. Coordinates signature requirements, both internal and with Visa suppliers. Addresses inquiries on order status of products and services Resolves discrepancies related to procurement issues Delivers support to internal customers in an effective and efficient manner. 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. This is a hybrid position. Expectation of days in office will be confirmed by your hiring manager. Qualifications Bachelor’s Degree preferred 3+ years as a sourcing and/or procurement professional, preferably with a major financial institution or payment card company. Marketing Category exposure will be an added advantage. Knowledgeable of Procurement policies and procedures and their application to the processing of purchasing transactions (e.g. processing purchase requisitions, processing purchase orders, modifying purchase orders, executing bidding for transactions). 3+ years of procurement experience in shared services or centralized procurement operations center Experience in negotiating and drafting low to moderately complex contracts (i.e. Statements of Work, Master Agreements, SaaS and SLSAs) Proven track record of successfully executing multiple types of transactions simultaneously Excellent written, oral and presentation skills and an ability to synthesize information and make clear, concise recommendations on course of action Knowledgeable about contract terms and conditions Experience managing internal and external customers and users. Strong relationship management skills and ability to influence at a mid-management level both internally and externally High level of self-motivation and initiative, and ability to operate as an effective team player Understanding of process mapping and continuous improvement methodologies. Proficiency in purchasing systems and organizational interfaces (including, Ariba, Coupa, DocuSign, and Oracle) Proficiency in Microsoft Office: Excel, Word, PowerPoint, and Outlook Professional accreditation in sourcing, procurement or purchasing a plus 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 Sourcing Analyst is responsible for procuring services and products while guiding internal business partners through the procurement process. This role involves creating and negotiating supplier contracts, ensuring compliance with regulations, and resolving procurement issues.