Northern Trust

Senior Consultant, Procurement Demand Mgmt

Location
Chicago, IL
Salary
Unspecified
Posted
17 Apr 2024
Closes
17 May 2024
Ref
R124968
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Working across the organization, the Senior Consultant - Procurement Demand Management role will leverage advanced procurement strategies and analytics to anticipate cost savings and opportunities for cost avoidance. This role will provide expertise in procurement strategy and analytics, effective communication skills, and proficiency in industry-standard procurement tools such as Coupa or Ariba, which will be crucial to deliver success.

Major Duties:

  • Partners with category managers, product managers, business partners, and technical staff to understand requirements and various levels of complexity.
  • Interacts with internal and external stakeholders to develop category sourcing strategies and overall supplier relationship(s).
  • Provides coaching, guidance, and mentorship to other team members.
  • Plans and coordinates ongoing supplier strategic relationship reviews.
  • Develops product optimization strategies and overall supplier relationship(s); providing input to pricing discussions.
  • Reviews and assess contracts, sourcing plans, demand, usage, and forecasting to create financial models.
  • Leads in-depth contractual demand analysis at the product level using industry-standard tools.
  • Reviews reports to determine impacts, issues, and opportunities and provides KPIs and metrics.
  • Prepares comprehensive views identifying opportunities for cost avoidance and cost savings through contractual optimization.
  • Plans and identifies improvements to existing processes to further gain operational efficiency and productivity.
  • Leads meetings in conjunction with Global Procurement and across business and corporate functions to analyze and review supplier spend.
  • Plans and executes special projects and/or process improvement initiatives.
  • Serves as the point of contact for specific supplier relationships, across multiple business units and service areas.
  • Creates suggestions for improvements of global policies, programs, and processes.
  • Carries out activities with financial, vendor, and/or internal business impact.

Knowledge:

  • Prior experience with Financial Analysis and/or Procurement Demand Analysis (planning, forecasting, projections). Strong analytical, numerical, and reasoning skills.
  • Strong technical knowledge of business tools and applications (e.g. Business Intelligence, Financial tools, MS Office 365).
  • Strong knowledge of industry-standard procurement tools such as Coupa and SAP Ariba.
  • Strong understanding of process and process improvement
  • Understands key business drivers; uses this understanding to accomplish own work.

Experience:

  • A College or University degree in Business, Accounting, Finance, or supply chain, and three to five years relevant work experience. knowledge of Sourcing or Procurement is a plus.
  • Financial analysis and modeling experience required.
  • Ideal candidate should have a Finance and/or analytical type work experience that has analytics and metrics as key responsibilities.
  • Professional certifications are a plus.

Hybrid

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

For further information, and to apply, please visit our website via the “Apply” button below.

Similar jobs

Similar jobs