Associate, Sourcing

Responsibilities

At Principal, we invest in what matters. And building talented teams is where it all begins. We're drawn to people who bring unique perspectives, passion, and expertise to help us advance the financial security and well-being of our customers, transform our growing business, and drive positive change in the communities where we live and work.

When we invest in you, and you invest in us, great things happen.

A bout the role

Job Responsibilities :

• Assist in Company-wide business-partnering efforts, and execute on all aspects of strategic sourcing for medium-to-high complexity (dollar and risk) third-party needs in accordance to business objectives and defined sourcing / category strategy including but not least : supply & demand analysis and planning, development of RFx, facilitate bidding process, supplier selection and onboarding, contract review and negotiation, performance and risk management.
• Assist to deliver successful preferred supplier network that yields benefits to the Company including cost optimization, re-engineered business processes, sustainable long-term agreements and risk mitigating strategies. Defines aspirational targets; and helps internal stakeholders to understand metrics and establish appropriate tools, scorecard, and channel for the evaluation of supplier performance and due diligence.
• Understand the Company's relevant processes, tools and approved buying channels for goods and services; supports to guide internal stakeholders based on established procedure, to the most optimal buying practice; Proactively participate in further improvement of supplier management policies, processes, systems, tools and operational efficiencies.
• Analyze and establish spend baselines, and drive benchmarking onto relevant sourcing categories, which includes provide analysis on the optionality, cost benefits, insights into demand drivers, innovations, trends, and market intelligence, in order to yield fact-based decisions for spend under assessment.
• Provide support to audit, compliance, and risk management efforts.
• Provide support for SEA supplier management activities, when needed.

Qualifications