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Job Summary
This position is responsible for participating in and supporting the design and implementation of strategic sourcing activities. Participating in the strategic sourcing process by partnering with users to define specifications and requirements, leading, conducting internal and external data analysis, and providing recommendations based on analysis. Summary strategic member of a high performing sourcing team, responsible for market assessments, RFIs, and RFPs. Sourcing analyst will also be responsible for contract negotiations and contract compliance analysts are expected to have excellent project management and time efficiency skills as they will be managing several sourcing projects and contracts at a given time. Analyst should be comfortable speaking and delivering presentations to internal business teams for RFXs as well as having excellent business acumen. As a sourcing analyst you will gain a vast knowledge of the inner workings and operations for one of the largest healthcare plans in north America. Successful candidates should have a strong desire of learning about the healthcare industry.Job Description
* Leads the design and implementation of strategic sourcing activities by partnering with internal users to define requirements and conducting external market analysis, assessing risk, gathering intelligence on fundamental conditions and technical information that affects the product/service.
* Leads the RFP process including (the bid process, negotiation process, analyzing supplier responses etc).
* Leads the negotiation process by analyzing and assessing supplier responses. Makes recommendations on supplier negotiation strategy.
* Serves as a lead in the contract and award process, negotiating the contract to completion with all applicable and necessary terms.
* Serves as the lead in the implementation and transition process of new agreements. Develop and lead portions of work/implementation project plans.
* Prepares reports, performs analysis and tracks benchmarking of category spend.
* Serves as a lead to collect and analyze data from disparate sources, draws conclusions, and makes recommendations to management on aspects of the sourcing strategy process.
* Independently gathers and synthesized third party (secondary) research.
* Researches fact based inquiries during the sourcing strategy development process.
* Contributes recommendations to sourcing strategy development.
* Creates and maintains category spending and pricing databases.
* Reviews contracts, pricing, purchase orders, and service levels agreements.
* Performs value analysis and total cost of ownership analytical activities.
* Develops, scores portions, and assesses responses from RFPs.
* Communicate and interact effectively and professionally with co-workers, management, customers, etc.
* Maintain communication with management regarding development within areas of assigned responsibilities and perform special projects as required or requested.
* Maintain web-based procurement tool Contracting Process.
* Manage the review and approval of contracts in accordance with Execution of Instruments Policy and other corporate policies.
* Serves as support in the continuous improvement in the procurement organization and in the other areas of the organization related to procurement.
* Serves as the support for the development and documentation of strategic sourcing policies and procedures.
* Leads strategic projects as necessary that add value to the organization
* Serves as a leader for new hires within Procurement and helps train them
Required Job Qualifications:
* College Degree in Business or Finance, or 2 to 7 years of relevant experience
* Demonstrated thought leadership
* Ability to build strategic relationship with senior-level colleagues
* Experience with conducting wide-ranging research.
* Analytical skills to support and enhance procurement strategy and goals.
* Ability to function in ambiguous and/or time-sensitive situations.
* Clear, concise, and confident interpersonal, verbal and written communication skills.
* Knowledge and skills to participate and be effective in contract negotiations with industry suppliers.
* Strong multitasking capabilities
* Knowledge of strategic sourcing principles.
* Experience in project management and contract negotiation.
* Experience developing presentations and presenting to management and other internal groups.
* Effective Negotiating skills to reduce supplier base and to negotiate beneficial contracts
* Clear, concise, and confident interpersonal, verbal and written communication skills.
* Effective, proven negotiation skills, experience rationalizing supplier base and negotiating beneficial contracts.
* Knowledge of strategic sourcing best practices
* PC proficiency to include Word, Excel, PowerPoint
Preferred Job Qualifications:
* 3-6 years of analytical experience in a procurement, supply chain, or financial environment.
* Knowledge of HCSC organization.
* Knowledge of Business Process Outsourcing
* Knowledge of Insurance industry
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HCSC Employment Statement:
HCSC is committed to diversity in the workplace and to providing equal opportunity and affirmative action to employees and applicants. We are an Equal Opportunity Employment / Affirmative Action employer dedicated to workforce diversity and a drug-free and smoke-free workplace. Drug screening and background investigation are required, as allowed by law. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.
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