Senior Analyst, Procurement Operations

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.

Major Duties:

• Partners with category managers, product managers, business partners, and technical staff to understand requirements and various levels of complexity.

• In addition to interacting with multiple business partners, the role requires interacting with suppliers to develop category sourcing strategies and overall supplier relationship(s).

•  Provides coaching, guidance and mentorship to direct reports and other team members.

•  Plans and conducts ongoing supplier strategic relationship reviews.

•  Develops category-specific sourcing 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 the collection and analysis of data, and may assist pricing discussions & negotiations.

•  Reviews reports and analyze to determine impacts, issues, and opportunities. Provide KPIs and metrics.

•  Responsible for creating and measuring value for the sourcing process and analytics.

• Plans and identifies improvements to existing processes to further gain operational efficiency and productivity.

• Leads meetings in conjunction with Global Procurement and Cross functional teams 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.

Skills & Competencies:

• Prior experience in synthesizing data and trends into strategic recommendations.

• Strong analytical and financial modeling skills (Excel, Power BI, etc.).

• Experience with Coupa, Ariba, or similar procurement systems.

• Ability to lead others. Uses expertise to provide guidance to others as a project manager or consultant.

• Uses prescribed guidelines or policies in analyzing situations. Provides a moderate level of guidance and direction.

• Excellent written and verbal communication; able to influence across levels.

• Adept at managing multiple priorities in a dynamic.

• High level of accountability and ownership in project execution.

• Comfortable with ambiguity and change; solution-oriented mindset.

• Highly flexible and adaptable to change.

• Strong understanding of process and process improvement.

• Approachable and able to promote teamwork through creative solutions.

• Requires expanded conceptual knowledge in own job discipline.

• Understands key business drivers; uses this understanding to accomplish own work.

• Explains complex information to others in straightforward situations.

• Continues to build knowledge of the company, processes and clients.

Experience:

• Bachelor’s degree in business, Supply Chain, Accounting, Finance, or related field.

• 2–5 years of progressive experience in procurement, sourcing, or operations analytics.

• CPSM or equivalent professional certification is a plus.
   

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.