About this role
About the Role Northern Trust seeks an experienced Associate Specialist, Procurement - Contingent Labor to lead end-to-end category management, strategic sourcing, and procurement of contingent labor and outsourced/technology services on a global scale under general supervision (but will work independently most of the time). This role sits on a global team with teammates in the UK, APAC, and the US, supporting a roughly $650M category of spend.
What You'll Do
- Contingent labor category management
- Collaborate with technology partners to develop and execute sourcing and procurement strategies
- Analyze industry and vendor data/trends and provide recommendations on insights, trade-offs, and risks
- Collect requirements and lead competitive bidding processes (RFx, eAuctions, etc.)
- Negotiate commercial arrangements, SOWs, and MSAs with vendors
- Present negotiation strategies and opportunities to technology partners and management
- Assist with forecasting/planning processes, demand management, and developing contracts that scale future enterprise needs
- Provide thought leadership around improvements of global policies, operations, programs and processes
- Drive vendor quality and performance improvement initiatives and harness vendor innovation ideas
- Serve as a key subject matter expert
- Carry out complex activities with significant financial, client, and internal business impacts
What We're Looking For
- Bachelor's Degree in Business, Supply Chain Management or Finance (MBA preferred)
- 5+ years of relevant procurement category management experience (emphasis on contingent labor/professional services strongly preferred)
- Understanding of procurement best practices
- Experience developing and implementing process improvements
- Advanced negotiation skills
- Success working with cross functional and diverse teams
- Excellent communication and presentation skills
- Strong time and project management skills
- Detail-oriented
- Ability to breakdown complex problems and resolve them through independent research and analysis
- Past experience presenting to executive and senior leadership
- Experience with sourcing and procurement applications, Coupa, Workday, PeopleSoft ERP, MS Office Suite and advanced Excel skills
Nice to Have
- MBA preferred
- Experience with vendor management system Beeline, and working with a Managed Service Provider
- Experience with Labor Contracts, managed services contracts including large outsourcing contracts is desired, but not required
- Experience with vendor risk and performance management
Compensation & Benefits
- Salary Range: $95,600 - $162,400 USD (yearly)
- Benefits include retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits
- Northern Trust discretionary bonus program that may include an equity component