Strategic Sourcing Analyst

Vanguard Group, Inc.

$80K — $95K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years in strategic sourcing, supplier management, or procurement.
  • Undergraduate degree or equivalent experience.
  • Proven experience in leading competitive sourcing events (RFI/RFP/RFQ).
  • Expertise in reviewing and negotiating supplier contracts.
  • Strong analytical skills for evaluating proposals and pricing models.
  • Effective communication skills to influence various stakeholders.
  • Demonstrated relationship-building and collaboration skills.
  • Strong organizational skills to manage multiple priorities and deadlines.

Responsibilities

  • Lead competitive sourcing events from inception to completion.
  • Analyze supplier proposals and market data for strategic sourcing decisions.
  • Negotiate contracts to achieve cost savings and optimal outcomes.
  • Support all contract lifecycle activities including drafting and renewals.
  • Collaborate with legal and risk teams on contract requirements.
  • Partner with internal teams to develop aligned sourcing strategies.
  • Provide insights on supplier capabilities and market trends for informed decisions.

Benefits

  • Comprehensive health, dental, and vision insurance.
  • Retirement savings plans with employer contribution.
  • Generous paid time off policy to promote work-life balance.
  • Opportunities for professional development and training.
  • Access to employee wellness programs and resources.
Full Job Description
Responsibilities:
  • Lead end-to-end competitive sourcing events (RFI/RFP/RFQ), including development of materials, supplier engagement, and cross-functional evaluation processes
  • Analyze supplier proposals and market data to drive fact-based sourcing decisions and value optimization
  • Negotiate commercial terms, pricing, service levels, and contracts to deliver cost savings and favorable business outcomes
  • Support contract lifecycle activities, including contract drafting, redlining, execution, renewals, and amendments
  • Partner with legal and risk teams to support contract drafting, redlining, and governance requirements
  • Collaborate with internal stakeholders (business teams, finance, IT, legal, risk) to translate requirements into sourcing strategies and aligned outcomes
  • Act as a trusted advisor to stakeholders, providing insights on supplier capabilities, market trends, and sourcing approaches
  • Facilitate cross-functional alignment throughout sourcing initiatives, ensuring transparency and informed decision-making
  • Conduct supplier, spend, and market analysis to identify sourcing opportunities and recommendations
  • Identify and implement opportunities for cost savings, efficiency improvements, and supplier consolidation
  • Manage multiple sourcing initiatives simultaneously, ensuring timelines, deliverables, and stakeholder expectations are met
  • Ensure sourcing and contracting activities comply with internal procurement policies, governance standards, and risk management requirements
  • Participates in special projects and performs other duties as assigned


Qualifications:
  • 5 years or more of experience in strategic sourcing, supplier management, procurement, contract management, or a related business function.
  • Undergraduate degree or equivalent combination of training and experience.
  • Experience supporting or leading competitive sourcing events (RFI, RFP, RFQ) and supplier evaluations.
  • Experience reviewing, negotiating, or administering supplier contracts and commercial terms.
  • Strong analytical and problem-solving skills with the ability to evaluate supplier proposals, pricing models, and business requirements.
  • Effective verbal and written communication skills with the ability to influence and collaborate across multiple stakeholder groups.
  • Demonstrated ability to build relationships, communicate effectively with stakeholders at multiple levels of the organization, and navigate cross-functional decision-making processes.
  • Strong organizational skills with the ability to manage multiple priorities and deadlines simultaneously.
  • Proficiency in Microsoft Office applications, including Excel, PowerPoint, and Word.


Special Factors

Sponsorship
Vanguard is not offering visa sponsorship for this position.

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