Senior Sourcing Analyst (Legal/Ariba)
Full-time
Senior Executive
8 months ago
The primary purpose of this position is to maximize the value associated with contracts and procurement-related activities while ensuring a high.....
The primary purpose of this position is to maximize the value associated with contracts and procurement-related activities while ensuring a high standard of contract quality and risk management and remediation. This position will manage and guide internal business partners through the daily activities within the contracting and purchasing processes, assist with contract negotiations and contract lifecycle management, while ensuring adherence to compliance regulations in accordance with Global Sourcing and Procurement policies and procedures.
Responsibilities:
Engages and establishes business partnerships with cross functional leadership across Visa to collaborate, influence, and support sourcing strategies
Maintains and enforces the established standards of quality and accuracy for supplier contracts and record retention, in compliance with Visa policies and procedures
Creates, writes, negotiates, and reviews supplier contracts. Works with internal business partners to establish agreements that reflect the interests of the company
Works directly with suppliers/vendors to obtain materials/products/services through drafting and negotiation of contracts to validate favorable terms on quality, delivery and price and ensure end-user needs are met on a consistent basis.
Act as primary liaison to Legal; Works with legal counsel and other stakeholders to negotiate various types of contracts and manage records in Visa’s system of retention
Reviews and approves contracts in accordance with Global Sourcing policies, procedures and standard terms and conditions.
Develops an in-depth understanding of internal and external requirements and policies and assists the team in identifying such requirements and compliance with them
Ensures contract accuracy and compliance with policies and procedures, formulates mitigation strategies after coordinating with stakeholders and manages amendments and remediations as necessary
Applies knowledge of contract law in contract activities.
Collaborate with legal and other company departments and functional stakeholders to analyze risks and develop language to minimize exposure. Facilitate the supplier selection and negotiation process including pricing and commercial terms. Negotiate contractual terms in partnership with business owners. Coordinate with Category Managers to support sourcing initiatives.
Communicates effectively and frequently, listens carefully, and actively seeks and values the perspectives of others.
Builds effective relationships with external suppliers to support category strategies.
Deliver support to internal customers in an effective and efficient manner.
Source the appropriate suppliers to support the delivery of services and equipment and analyze supplier responses and statements of work/proposals.
Interact with vendors to resolve transactional issues on a daily basis.
Ensure that Global Sourcing enhances its buying power based on activities across all areas, leveraging Visa’s global buying power and ensuring improvement opportunities at all times.
Guide internal customers and stakeholders through the end-to-end procurement process. Gather key information from requesters to summarize scope of purchase while identifying potential risk factors.
Administer contracts in Ariba Contract Workspace, including routing agreements for approvals and signatures and related administrative work
Able to explain to business owners, the steps in the Sourcing process and why the different activities are necessary (e.g., through communication, documentation, etc.)
Additional projects as needed (i.e., UAT for new software applications, trainings, process management, etc.)
Manages incoming requests, provides status updates, and addresses inquiries. Responsible for escalating as necessary to close pending items in a timely manner and to meet SLAs
Troubleshoots internal customer issues regarding the services provided by Contract Management and Procurement Operations
Develop an in-depth understanding of Global Sourcing’s tools and systems and assist the team with related inquires
This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office 2-3 set days a week (determined by leadership/site), with a general guidepost of being in the office 50% or more of the time based on business needs.
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