*We are unable to sponsor for this permanent Full time role*

*Position is bonus eligible*

Prestigious Financial Company is currently seeking a Strategic Sourcing Data Analytics Analyst. Candidate will play a crucial role in developing quantitative methods to govern the procurement process. This includes designing a scorecard for the Strategic Sourcing function, creating and maintaining reports for managing procurement activities, and designing processes for intake and resource allocation. This role offers extensive collaboration opportunities with cross-functional teams. By working closely with Strategic Sourcing, IT, Finance, Legal, PMO, Data Governance and Operations, you can represent the department across the company and drive data-driven decision-making for Strategic Sourcing.

Responsibilities:

• Implement processes to collect, manage and analyze procurement data, ensuring the organization has the necessary infrastructure for effective data-driven decision making.
• Oversee KPIs and metrics that measure performance of the Strategic Sourcing function.
• Prepare regular reports for internal and external stakeholders.
• Generate and communicate regular performance and resource allocation reports that translate procurement process data into actionable insights for internal teams and external stakeholders.
• Represent the Strategic Sourcing function by thoroughly assessing and validating all new intake requests, incorporating feedback from diverse stakeholders and customers.
• Exercise strong judgment to determine the most suitable approach for each project and engage the necessary stakeholders for productive discussions.
• Maintain a deep understanding of the department scope and sourcing strategies to navigate ambiguous situations/requests and collaborate with the appropriate stakeholders to solve challenges.
• Integrate data and resulting insights into procurement processes: Collaborate with procurement team and IT to embed analytics tools into the procurement workflow (such as for spend analysis and forecasting, savings analysis, supplier information gathering and analysis for selection, pricing and contract analytics, benchmarking, compliance to sourcing strategies and bid analysis).
• Develop and delivertraining programs to empower procurement and cross-functional teams with the skills and knowledge needed to effectively utilize reports and tools, promoting a culture of data-driven decision-making.
• Liaise with IT on requirements and testing for dashboards and reports in various systems including Oracle, ServiceNow, Archer, Apptio, Power BI, Tableau and others

Qualifications:.

• Strong understanding of business analytics with ample experience in procurement, IT contracts, and/or PMO. Knowledge of the sources of data that support the development and execution of sourcing strategies.
• Process analysis and improvement experience, with the ability to define and reinforce processes.
• Proven ability to collaborate and problem-solve effectively with cross-functional teams by developing partnerships with teams such as Strategic Sourcing, Legal, Finance, IT, Operations to understand, influence and obtain support to achieve objectives.
• Project management skills to manage data analytics projects that require frequent communication, organization and time management.
• Successful track record in discerning when and how to escalate and issue for resolution.
• Excellent communication and presentation skills with the ability to convey complex data findings and data-driven solutions to both technical and nontechnical stakeholders, the capability to create compelling presentations and reports, and to lead meetings.
• Attention to detail to ensure accuracy and completeness in reporting.
• Familiarity with relevant regulatory and industry requirements.
• Other functional experience particularly in IT, business strategy, business analysis or finance is an advantage
• 3+ years' experience using an ERP system, using data visualization tools, and administering Sharepoint sites.
• Familiarity with analytics capabilities built into procurement-specific software, such as Oracle Fusion.
• Prefer experience in one or more of the following: ServiceNow, Archer, Apptio, Power BI, and/or Tableau.
• Advanced knowledge of Microsoft Office products and applications (Excel, PowerPoint, Word, Visio, etc.)
• [Preferred] Procurement or Sourcing Professional Certification or in Data Analytics
• 3+ years preferred experience in procurement roles involving strategic sourcing, procure-to-pay, supplier performance measurement, or in supply chain management roles.
• 3+ years of experience working cross functionally with tech and non-tech teams
• 2+ years preferred in project management office, and/or developing, implementing, and evaluating new and revised methods, procedures, and performance standards.
• 3+ years preferred experience in the financial services industry.
• Bachelor's degree in business management, supply chain, data science, information technology or a related field, ORan equivalent combination of experience, skills, training and education.
• Optional: Certifications in data science, business analytics, or supply chain are beneficial.