Principal Financial Group Inc

Senior Sourcing Consultant

Principal Financial Group Inc$110K — $140K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent experience
  • 6+ years in sourcing, supply chain management, or contract negotiations
  • Knowledge of strategic sourcing principles and supply base management
  • Desire to understand market intelligence & analytics in professional services
  • Ability to engage constructively with business partners and leaders
  • Problem-solving aptitude and ability to influence stakeholders
  • Strong oral and written communication skills

Responsibilities

  • Coach and influence leaders to promote best practices in category management
  • Develop sourcing initiative strategies based on cost ownership and market intelligence
  • Collaborate with leaders to deliver effective business solutions
  • Direct all aspects of strategic sourcing for complex third-party spends
  • Lead requirements development, supplier selection, and contract negotiation
  • Support audit compliance and risk management efforts

Benefits

  • Flexible Time Off (FTO) program allowing paid time away for personal needs
  • Eligibility for pension plan
  • Hybrid work schedule with an average of four in-office days per week
Full Job Description
What You'll Do

 

We are seeking exceptional candidates to join our Global Sourcing team in Des Moines, IA, or Charlotte, NC.

 

As a Sourcing Consultant, you will have the opportunity to collaborate with business partners and suppliers to develop strategic Consulting/Professional Services/Outsourcing contracts and relationships. This is your chance to be part of a world-class team that is passionate about providing the most value to our business partners.

 

As a Sourcing Consultant within our Professional Services category, you'll help us transform the way our teams deliver value to our business partners. We are seeking highly motivated Consulting/Professional Services Sourcing professionals who can encourage innovative solutions that are valuable (saves money for the business), viable (the solution fulfills the requirements and works within the constraints of our business), and strategic (leverages industry intelligence that keeps us ahead of the competition.)

 

Your day could look like this:

  • Coach and influence internal and external leaders and teams to promote best practices in category management and achieve business results
  • Develop sourcing initiative strategy according to the total cost of ownership model, internal data, and category market intelligence
  • Collaborate with our leaders to deliver solutions for their business needs as we produce outcomes our customers love
  • Direct and execute on all aspects of strategic sourcing for medium-to-high complexity (dollar and risk) third-party spend needs
  • Lead consulting statement of work requirements development, supplier selection, pricing analysis, and contract review and negotiation
  • Support audit compliance and risk management efforts
Who You Are

Successful candidates will have the following:

  • Bachelor's degree or equivalent experience
  • 6+ years related experience (i.e., sourcing, supply chain management, contract negotiations, contract law) 
  • Knowledge of and experience with strategic sourcing principles and supply base management strategy with particular emphasis in professional services categories
  • Desire to learn about market intelligence & analytics within the professional services industry
  • Proven ability to engage with business partners and company leaders in a constructive and collaborative relationship
  • Aptitude for solving complex problems and challenging/influencing stakeholders.
  • Strong oral and written communication skills are vital

Additional preferred skills:

  • Extensive experience negotiating Professional Service agreements (all types) 
  • Strategic planning, spend analysis and supplier management (performance tracking and reporting, governance) experience 
  • Experience as a sourcing consultant within the consulting and managed / outsourced services categories strongly
  • Experience with contingent workforce programs / staffing MSP’s
Salary Range InformationSalary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salary Range$110200 - $140000 / year Time Off ProgramFlexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided. Pension EligibleYes Additional Information Location 

This role will be based in either our Des Moines Iowa or Charlotte North Carolina locations and will benefit from a hybrid work schedule with an average of four in-office days per week. 

Work Authorization/Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

Nonimmigrant Workers and Green Card for Employment-Based Immigrants

Investment Code of Ethics

For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

About Principal Financial Group Inc

Principal Financial Group Inc Careers

Join the dynamic team at Principal Financial Group Inc, a global leader in investment management and retirement services. At Principal, we are committed to helping individuals and businesses achieve financial security and success, making now the perfect time to explore job opportunities with us.

Work You’ll Do

Embark on a career at Principal Financial Group Inc and contribute to our mission of empowering financial well-being across the globe. Our company offers a wide range of positions, from finance to technology, where your skills will help shape the future of financial services.

Innovate and Lead

At Principal, innovation and leadership go hand in hand. We provide a platform where your ideas can lead to groundbreaking financial solutions, driving growth and efficiency. Join our team and be at the forefront of industry-leading projects that redefine what is possible in the financial sector.

Grow Your Career

Principal Financial Group Inc is not just a company; it's a place where you can grow professionally and personally. We support career advancement through professional development programs, leadership training, and opportunities for networking and mentorship. Our commitment to diversity and inclusion ensures that all team members have the opportunity to succeed.

Experience Our Culture

Our culture is built on collaboration, respect, and a commitment to excellence. We believe in fostering a supportive environment where every team member’s contribution is valued. Enjoy benefits that support both your professional and personal life, and work alongside colleagues who are passionate about making a difference.

Internship and Employment Opportunities

Whether you're starting your career or looking to make a significant impact in your professional journey, Principal offers a range of internship and employment opportunities. Gain hands-on experience, work on real-world projects, and learn from leaders in the financial industry.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Principal Financial Group Inc. We are hiring creative, curious, and motivated individuals who are ready to drive innovation and lead with integrity. Check out our open positions, tailor your resume, and prepare for an interview that could lead to your next great adventure.

Stay Connected

Keep up to date with the latest from Principal Financial Group Inc by following our careers blog. Get insider perspectives, tips for a successful interview, and the latest news on the financial industry that you can apply directly to your career.

Networking and Professional Development

At Principal, your growth is our priority. Enhance your professional skills through comprehensive training programs and connect with industry leaders and peers through our robust networking events. Our commitment to your development is unwavering, as we believe it is fundamental to our collective success.

Explore Careers at Principal Financial Group Inc

Discover the exciting career paths available at Principal. From internships to leadership roles, the opportunities for professional growth are abundant. Join us and contribute to a company that values innovation, leadership, and a diverse workforce dedicated to achieving exceptional results.

Apply Today

Are you ready to make a meaningful impact in the financial services industry? Search for open positions that match your skills and interests at Principal Financial Group Inc. We look for passionate, driven, and solution-oriented team players. Start your journey with us today and be part of a team that’s redefining the future of finance.

Principal Financial Group Inc—where careers grow, innovation thrives, and leaders are made.

Learn more about Principal Financial Group Inc
Size
18,600 employees
Market Cap
$20.7 billion
Industry
Net Income
$1.3 billion
5 Year Trend
+2.7%
Revenue
$14.7 billion
NASDAQ

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