Strategic Sourcing Lead Professional Services

Principal Financial Group
US - Iowa - Des Moines
January 15, 2025

What You'll Do:

Further your career today as a Strategic Sourcing Lead at Principal Financial Group!

We are seeking exceptional candidates to join our Global Sourcing team in Des Moines, IA, or Charlotte, NC. As a Lead 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 Lead 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 required.
10+ years related experience (i. e. , sourcing, supply chain management, contract negotiations, contract law) required
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) preferred.
Strategic planning, spend analysis and supplier management (performance tracking and reporting, governance) experience preferred.
Experience as a sourcing consultant within the consulting and managed / outsourced services categories strongly preferred.
Experience with contingent workforce programs / staffing MSPs is a plus.

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:
$123000 - $167000 / 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 dont 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 and Green Card for Employment-Based Immigrants

Investment Code of Ethics

For.

Read the full job description and apply online on the recuiter's web-site

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