Analyst, Strategic Sourcing & ProcurementApply Job ID: R-022272 Date posted: 06/21/2022 Primary Location SC-Fort Mill
Do you have experience negotiating Software and Hardware contracts?
Are you interested in a dynamic work environment?
Would you like to be a best in class business partner in your next role?
Do you like directly affecting a Company’s expense budget?
Excited to learn more? If so, then this could be the role for you!
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.
As an Analyst in SS&P you will be responsible for executing the sourcing and procurement process to procure various products and services for LPL’s Technology Business Unit (Technology.) As such, you will work closely with a number of internal stakeholders in the selection, use and management of external vendors across the LPL Technology portfolio. This includes supporting the management of the entire sourcing process for assigned categories with a constant focus on working collaboratively with Technology leadership, understanding and managing strategy, vendor selection and due diligence, contract negotiations, costs to budget, risk mitigation, and regulatory compliance.
A fundamental component of the role is change management and the ability to lead the transformation of SS&P into a strategic partner across the firm.
Negotiating low - medium dollar (<$250K) & risk contracts with key IT vendors. Contracts include, but are not limited to: MSAs, SaaS Agreements, EULAs, SOWs
Review contracts to ensure compliance to sourcing and contracting policies and procedures, and to escalate concerns to legal and business partners
Assist VP in creating training documents, reports, best practices documentation for Technology commodities
Assist VP in the analysis and development of category plans to provide visibility to spend, vendor summaries, contract summaries, stakeholder engagement, and market insights that lead to both short and long-term strategies
Act as the reporting / analytical SME for the team; perform financial analysis, spend & Ariba reporting
Partner with business groups to issue, evaluate and conduct RFx and reverse auctions
Bring thought leadership to identify additional cost and operational efficiencies
Work in collaboration with multiple departments and business partners to develop strategy, policy and/or resolution of issues
Present recommendations and commodity plans to SS&P leadership team and business
Represents and advocate SS&P strategies and goals across the firm
Challenging assumptions, opinions, and decisions in a diplomatic way to ensure that actions taken are in the organization’s best interest
Review contracts to ensure compliance to sourcing and contracting policies and procedures, and to escalate concerns to legal and business partners.
Process contract terminations, expirations, extensions and renewals.
Manage contract request queue in our procure-to-pay system, ARIBA, in a timely manner and within SLA.
Present recommendations and commodity plans to SS&P leadership team and business.
Support projects to continuously improve the capabilities of the SS&P organization
Foster a positive, diverse and inclusive culture through education and communication
Represents and advocate SS&P strategies and goals across the firm.
What are we looking for?
We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.
An appropriate 4 year college degree
Minimum of 1-3+ years of experience working in a medium to large professional enterprise or 1+ years of contract negotiations and pricing experience
Advanced MS Office skills including Excel, SharePoint, Word and Power Point
Technology Sourcing background
Financial Services experience
Experience using ARIBA or other Procure-to-Pay tools
At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.
We are one team on one mission. We take care of our advisors, so they can take care of their clients.
Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees.We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.
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Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.
Information on Interviews:
LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (800) 877-7210.