Contract & Sourcing Specialist

Old National Bank

  • Evansville, IN
  • $51,700 per year
  • Permanent
  • Full-time
  • 1 month ago
Overview:Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values. Responsibilities:We are currently seeking a Cntract & Sourcing Specialist which is part of the Procurement Services organization within Finance, this role is responsible for partnering with our internal client line of business owners and the Procurement Contract and Sourcing Strategists to source new solutions and service providers and manage the associated contract lifecycles.This position works collaboratively with business unit managers to support strategic sourcing, contract research and negotiations, as well as function as an internal business consultant and trusted advisor.Key Accountabilities
  • Partner with Procurement and business unit managers to achieve targeted outcomes associated with business efficiencies, cost reduction/revenue improvement, and product/service provider optimization through opportunity identification, successful negotiations, and advantageous contracting, while complying with the highest ethical standards and preventing conflicts of interest and improper vendor/supplier relationships.
  • Support all pre-sourcing fulfillment (IT evaluations, product development, funding review/approval, etc.), as well as full strategic sourcing process through contracting for any assigned initiatives and all vendor/supplier agreements.
  • Support simple to moderate financial and other empirical analysis associated with sourcing and contracting events, and partner with a Financial Analyst for those comparisons of greater complexity.
  • Support negotiations and enforcement of new agreements and modifications to existing contracts (MSA’s, NDA’s, SOW’s, etc.) including terms and conditions, performance obligations, regulatory compliance, etc., with vendors.
  • Support Contract and Sourcing Strategists by drafting vendor communications, coordinating meetings/presentations for internal and external participants, preparing contract documentation, invoice research, reporting, etc.
  • Collaborate with and consult the relevant stakeholders including, lines of business, Finance, Risk, Legal, etc. to achieve positive results, while complying with company policies, standards, and applicable laws.
  • Manage efforts in accordance with the Procurement Policy and ensure compliance with associated purchasing and funding approval processes, and expense management practices and controls.
  • Work with internal business owners and stakeholders to incorporate Supplier Diversity into sourcing and contracting activities.
Key Competencies for PositionDevelops Talent: Actively assesses self by leveraging feedback to Develops enhance knowledge, skills, and behavior. Leverages own strengths and those of team members to meet individual and team goals supporting both internal and external client needs. Continuously develops self for current and future roles.Strategy in Action: Breaks down larger goals into smaller achievable goals and communicates how they are contributing to the broader goal. Actively seeks to understand factors and trends that may influence role. Anticipates risks and develops contingency plans to manage risks. Identifies opportunities for improvement and seeks insights from other sources to generate potential solutions. Aligns activities to meet individual, team, and organizational goals.Compelling Communication: Effectively and transparently shares information and ideas with others. Tailors the delivery of communication in a way that engages the audience and that is easy to understand and retain. Unites others towards common goal.Delights Clients: Passionately serves internal/external clients with excellence. Nurtures client relationships by listening, prioritizing, and acting responsibly to meet client needs, mitigate risk and add shareholder value.Qualifications and Education Requirements
  • Minimum of Associate’s degree with BA/BS preferred in Business Management, Accounting, Finance or related field and 1-2 years of relevant experience (Procurement, Contract Management, Sourcing, Third Party Risk Management, Paralegal, etc.)
  • Strong communication, consultative, and interpersonal skills. Must function as a trusted advisor to business unit managers (internal clients) within the organization.
  • Strong negotiation skills and ability to successfully influence key stakeholders internally and externally.
  • Strong problem-solving/solution architect and critical thinking skills, and good business acumen fostering sound process, and strategy decisions.
  • Ability to work independently and prioritize multiple projects and activities effectively in a dynamic environment.
  • Proficient in Microsoft Suite (Word, Excel, PowerPoint, Outlook), and Video Conferencing (Teams, WebEx, etc.)
Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.Our culture is firmly rooted in our core values.We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.We are Old National Bank. Join our team.

Old National Bank