Strategic Sourcing Specialist Corporate Services

Strategic Sourcing Specialist - Corporate Services Location: Philadelphia, PA 19106, Whitehouse Station, NJ 08889 & Jersey City, NJ 07302 Duration: 6 months Assignment (Potential to temp to perm based on performance) Shift/Hours: 40hours/week, 9am to 5pm EST Work Model: Hybrid - in office 4days per week / WFH 1 day per week Summary: This position is an individual contributor role within the Strategic Sourcing group of the Global Procurement team, supporting Corporate Services sourcing events. The role works closely with internal stakeholders and Procurement leadership to execute Corporate Services Strategic Sourcing projects globally. The successful candidate will proactively engage with stakeholders to support strategic priorities, drive business objectives, and expense reduction initiatives, as well as provide consultative support to resolve business challenges. The role will also conduct data analysis to support strategic decision making. The Strategic Sourcing Specialist will support the development and execution of sourcing strategies with a focus on optimizing spend, mitigating risk, maximizing savings, and assuring quality and delivery of products and services to Client. The ideal candidate will demonstrate strong negotiation skills and extensive experience in strategic sourcing, translating expertise into cost savings and competitive advantage. This position reports to the AVP, Corporate Services Strategic Sourcing. Primary Responsibilities: Execute the full sourcing cycle for assigned projects, including vendor identification and selection, price negotiation, and contract "red-lining" in collaboration with Legal counterparts for MSA's, Schedules, SOW's, etc. Develop and maintain a pipeline of strategic sourcing opportunities through the introduction of a competitive marketplace, demand management, supplier consolidation, and process reengineering. Independently manage high-value sourcing engagements of varying spend, risk, and complexity across categories such as Management Consulting, Temporary Labor, Business Outsourcing, Real Estate, Facilities and Security Services, and others. Coordinate with business clients to agree on approach and schedule for sourcing projects and related contract negotiations. Communicate regularly with key business stakeholders regarding project approach, scope, key issues, status, business requirements, and relevant dependencies. Assess savings opportunities on all engagements and work with clients to achieve optimal cost reductions/savings as appropriate. Additional Responsibilities: Evaluate sourcing procedures and present improvement strategies to senior management for approval. Analyze and calculate procurement costs and develop cost reduction strategies. Support purchasing decisions based on cost and scenario analysis, as well as market trends. Negotiate contracts with key suppliers, including costs and terms of supply, service, and quality. Collaborate with the procurement department to identify and pursue new supplier opportunities. Conduct market research and create cost estimates and forecasts. Estimate risks and apply risk-minimizing techniques, ensuring contracts comply with industry regulations. Maintain strategic sourcing relationships and develop strong partnerships. Qualifications: Bachelor's degree in business, economics, finance, logistics, or a related field. Minimum of 7 years' procurement experience in a related industry. Excellent organizational and time management skills. Strong process analysis and analytical skills, including the ability to use data to drive decision making. Strong problem-solving and troubleshooting skills with the ability to exercise mature judgment. Proven ability to influence stakeholders and drive groups with divergent opinions toward effective, collaborative decisions. Strong supplier relationship and conflict management skills. Strong oral and written communications and influencing skills. Ability to effectively summarize program status and create PowerPoint presentations for executive audiences. Able to navigate a global matrixed organization, influence stakeholders, and affect outcomes with limited direct authority. Ability to think outside the box, multi-task, and work well under pressure to identify issues and resolve them in partnership with business leaders.