Sourcing Analyst III
Edward Jones
Overview:The Sourcing Analyst III partners with Sourcing Office leaders, negotiators, business owners, and cross-functional stakeholders to solve highly complex and potentially ambiguous business problems that materially affect multiple divisions, firm strategy, or long-term supplier decisions. The role independently designs and leads iterative financial, supplier, market, and operational analyses; converts complex and evolving information into clear recommendations; and influences strategic direction through executive-ready insights. The analyst leads financial analysis and decision support for key sourcing initiatives, supports negotiation strategy and project performance, and strengthens the organization’s analytics, benchmarking, market-intelligence, reporting, and process capabilities.
What you'll do:
- Lead advanced financial analysis for strategic sourcing initiatives and support negotiation strategy, key commercial terms, project performance, and executive decision-making.
- Build and interpret complex and flexible total cost of ownership, pricing comparison, scenario and sensitivity, historical usage, future projection, and other economic models involving multiple interdependent variables and viewpoints.
- Consult with business owners to identify emerging dimensions of ambiguous problems, apply root-cause and systems thinking, pressure-test assumptions, resolve data-quality issues, and independently determine the appropriate analytical approach.
- Design and drive iterative analyses that adapt to evolving circumstances and translate findings into a cohesive business story with key takeaways, trade-offs, risks, actionable insights, and a preferred solution.
- Provide proactive analysis and original insights that inform short- and long-term sourcing strategy, supplier decisions, and firm direction on high-complexity, cross-divisional initiatives.
- Use benchmarking, market intelligence, competitive insights, supplier information, and industry research to strengthen negotiation strategies and support faster, better-informed outcomes.
- Partner with negotiators and business areas to develop proactive sourcing plans, identify potential RFP candidates, and surface areas of spend that may create future strategic or commercial opportunities.
- Partner as appropriate with Software Compliance, Third Party Risk Management, Supplier Performance Management, Finance, Digital, Legal, and other subject-matter experts to balance economic value, business requirements, risk, and execution feasibility.
- Develop, manage, and use relationships with cross-functional business owners and senior and executive leaders to gain alignment, influence decisions, and drive next steps.
- Participate in and frequently lead cross-functional teams supporting cross-divisional or firm-wide objectives; independently organize, plan, and prioritize work required for successful delivery.
- Proactively identify strategic opportunities with moderate to broad impact and visibility, propose solutions, influence commitment, and drive implementation.
- Own or guide the design and enhancement of sourcing metrics, analyses, dashboards, data structures, visualizations, and standardized tools that improve consistency, sustainability, insight, and agility.
- Promote analytical, reporting, and visualization best practices; review complex analysis and provide guidance, knowledge sharing, mentoring, or training to associates and project teams.
- Manage assigned vendor financial analysis requests and support timely, accurate reporting, documentation, and data quality.