At a Glance
- Tasks: Lead sourcing engagements and develop supplier relationships while managing multiple projects.
- Company: Join FIS, a leading global Fintech, known for innovation in financial services and technology.
- Benefits: Enjoy a competitive salary, professional development opportunities, and a modern work environment.
- Why this job: Be part of a collaborative team tackling real-world challenges in a fast-paced setting.
- Qualifications: 4+ years in procurement with strong negotiation and project management skills required.
- Other info: Opportunity to grow your career in a supportive and dynamic international team.
The predicted salary is between 36000 - 60000 £ per year.
Position Type: Full time
Type Of Hire: Experienced (relevant combo of work and education)
Education Desired: Bachelor's Degree
Travel Percentage: 0%
Are you curious, motivated, and forward-thinking? At FIS you’ll have the opportunity to work on some of the most challenging and relevant issues in financial services and technology. Our talented people empower us, and we believe in being part of a team that is open, collaborative, entrepreneurial, passionate and above all fun.
About the team: You will be part of the FIS' Global Supply Chain Management team, with responsibilities and day-to-day accountability within the EMEA region. You will support a variety of business owners across FIS to meet Third Party Labour and Enterprise Service needs, collaborating in the alignment of strategy, ensuring efficiency of opportunities to deliver successful outcomes adding value to the FIS business. FIS is a leading global Fintech and will provide you with a varied and fast-paced environment where you will be able to flourish and grow your Category Management skills.
What you will be doing: The primary responsibilities for this position include, but are not limited to, the following:
- Leads and supports sourcing engagements in the Third Party Labour category including needs analysis, RFI and RFP development, cost and proposal analysis, supplier negotiation through to contract execution.
- Develops relationships with business owners across the region and globally.
- In partnership with business owners, executes multiple low to medium complex projects concurrently to maximise commercial and strategic value.
- Facilitates development of relationships with vendors/suppliers and maintains relationships for long-term contracts.
- Participates in category reviews.
- Delivers a superior customer experience to business owners.
- Develops purchasing programs.
- Develops relationships and purchasing arrangements with suppliers.
- Supports business owners in developing specifications for new contract orders.
- Gathers quotations, examines bids and makes awards.
- Through the use of spend analysis tools, monitors cost, schedule and scope of suppliers to assure best quality at best value.
- Resolves outstanding issues, complies with supplier requests and responds to business owner inquiries.
- Serves as liaison suppliers within own and other subcategories.
- Liaises with Risk Management team as necessary to mitigate supplier risk.
- Active member of the Supply Chain Management team providing support as necessary for departmental success, regionally and globally.
- Supports and deputises for the Supply Chain Manager as necessary.
- Supports and deputises for team members across other categories as capacity necessitates, in particular Facilities, Marketing and HR.
- Other related duties assigned as needed.
Required Skills and Experience: To be successful, this individual should possess the following skills and attributes:
- Knowledge and experience of strategic sourcing, contract negotiation and management, supplier performance, relationship, and category management.
- Knowledge of relevant regional supply markets.
- Understanding of business, financial, and economic ramifications of various procurement actions.
- Track record of successfully achieving savings targets, negotiating deals, and delivering good customer service.
- Ability to develop strong working relationships with internal clients and suppliers.
- Knowledge of project management methods and techniques.
- Good working knowledge of legal and contracting requirements.
- Ability to understand and analyse financial data to support source selection decisions.
- Excellent verbal and written communication skills to technical and non-technical audiences of various levels in the organization, e.g., executive, management, individual contributors.
- Solid problem solving, team and time management skills managing multiple deadlines for self and others.
- Proficiency in making projections of future expenses based on analysis of cost effectiveness of past expenditures.
- Proficiency to operate independently.
What you will bring: Ideally 4+ years of procurement or relevant experience with experience in multiple category areas.
- Understanding of key contracting concepts and legal terms.
- Working knowledge of accounting principles, financial modelling, and business case development, evaluation, and presentation.
- Good business savvy and commercial negotiation skills.
- Strong third-party negotiation execution.
- Supplier/third-party management and development.
- Solid organizational and project management skills.
- Process driven with strong analytical and problem-solving skills.
Preferred licensures/Certifications: Working towards Certified Purchasing Manager, Certified Professional in Supply Management, MCIPS or similar distinction preferred; Lean/Six Sigma Green Belt equivalent a plus.
What we offer you: A multifaceted job with a high degree of responsibility and a broad spectrum of opportunities, a modern, international work environment and a dedicated and motivated team, a broad range of professional education and personal development possibilities – FIS is your final career step! A competitive salary and benefits, a variety of career development tools, resources and opportunities, and the chance to work on some of the most challenging, relevant issues in financial services & technology.
Privacy Statement: FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice.
Sourcing Model: Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.
Procurement Sourcing Specialist - Services employer: FIS. Empowering the Financial World
Contact Detail:
FIS. Empowering the Financial World Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Sourcing Specialist - Services
✨Tip Number 1
Familiarise yourself with the latest trends in procurement and sourcing, especially within the financial services sector. Understanding current market dynamics will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the procurement field, particularly those who have experience in third-party labour and enterprise services. Attend industry events or join relevant online forums to build connections that could lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of your past successes in strategic sourcing and contract negotiation. Highlighting measurable outcomes from your previous roles can set you apart from other candidates.
✨Tip Number 4
Research FIS's company culture and values. Being able to articulate how your personal values align with theirs during the interview can demonstrate your fit for the team and increase your chances of landing the job.
We think you need these skills to ace Procurement Sourcing Specialist - Services
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in procurement, sourcing, and contract negotiation. Use specific examples that demonstrate your skills in these areas, particularly those mentioned in the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of FIS and its values. Explain why you are passionate about the role of Procurement Sourcing Specialist and how your background aligns with their needs.
Highlight Relevant Skills: In your application, emphasise your knowledge of strategic sourcing, supplier management, and project management. Mention any certifications or training that relate to procurement, as these will strengthen your application.
Showcase Problem-Solving Abilities: Provide examples in your application that illustrate your problem-solving skills and ability to manage multiple projects. This is crucial for the role, so make sure to highlight situations where you've successfully navigated challenges.
How to prepare for a job interview at FIS. Empowering the Financial World
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Procurement Sourcing Specialist. Familiarise yourself with strategic sourcing, contract negotiation, and supplier management, as these are key aspects of the role.
✨Showcase Your Experience
Prepare to discuss your relevant experience in procurement and category management. Highlight specific examples where you've successfully negotiated contracts or achieved savings targets, as this will demonstrate your capability.
✨Build Rapport
Since relationship building is crucial in this role, practice how you can establish rapport with interviewers. Be personable and show genuine interest in their work and the company culture at FIS.
✨Prepare Questions
Have insightful questions ready to ask about the team dynamics, challenges they face, and how success is measured in the role. This shows your enthusiasm and helps you gauge if the company is the right fit for you.