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What You'll Do

Further your career today as a Sourcing Consultant with Principal!

Our consultants negotiate strategic data contracts to solve hard problems in ways that benefit our customers yet work for our business. You will be part of the Global Sourcing team who are passionate about providing the most value to our business partners!

As a Senior or Lead Sourcing Consultant, you'll help us transform the way our teams deliver value to our business partners. We are seeking highly motivated and detailed oriented Data and/or Banking Sourcing professionals who can encourage innovative solutions that bring value to the enterprise. You will work closely with key partners to develop effective negotiation and cost reduction strategies, through dynamic requirements that are tied to strategic level business and information technology objectives.

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 market intelligence

• Manage large and complex projects to align with strategic initiatives within the BU and/or company

• Execute on renewals in a timely fashion

• Collaborate with internal leaders to develop procurement requirements, direct and execute on all aspects of strategic sourcing for medium-to-high complexity (dollar and risk) third-party needs, through negotiation of agreements.

• Lead supply & demand planning, supplier selection, and contract review and negotiation

• Support audit compliance and risk management efforts

Who You Are

• Bachelor's degree or equivalent experience required. Supply chain management or other business degree preferred.

• 7+ years of relevant sourcing experience

• Experience with market data providers, competitive intelligence and benchmarking firms, fraud/risk data and data brokers are strongly preferred for the Business Intelligence category. Suppliers include Bloomberg, MSCI, S&P, LexisNexis, etc.

• Desire to learn more about Market Data

• Proven ability to engage with stakeholders, suppliers, and company leaders in a constructive and collaborative relationship.

• Integrity that wants to do it the right way instead of the easy or quick way

• Experience in Demand/ Supply Planning and Spend Analysis/ Supply Chain Mapping preferred.

• Aptitude for solving complex problems and challenging/influencing partners.

• Strong written and verbal communication skills are vital

We are open to hiring at both the Senior and Lead Sourcing Consultant level depending upon related experience, skill and capabilities.

Salary Range Information

Salary 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 (Non-Exempt expressed as hourly; Exempt expressed as yearly)

$95200 - $182400 / year

Time Off Program

Flexible 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 Eligible

Yes

Additional Information

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 (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/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.

Experience Principal

At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site (https://www.principal.com/about-us/careers) to learn more about our purpose, values and benefits.

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Posting Window

We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.

Original Posting Date

10/14/2024

Most Recently Posted Date

10/14/2024