Sourcing & Contracting Analyst (Remote)
About the position Now hiring a Sourcing & Contracting Analyst. Provides support to Sourcing and Contract Managers with analytics to support contracting activities and the Value Analysis process. Maximizes GPO and Industry technologies to review supply spend, benchmarks, contract commitments and terms. Utilizes analytic tools (Power BI, Excel, etc.) to pull annual spend and usage reports. Reviews product quotes and benchmarks using national benchmark tools and makes recommendations for price point to S&C Manager. Leverages current spend/usage report and quote to complete financial impact analysis. Creates cross reference templates for vendors. Tracks contract compliance requirements and alerts S&C Managers when action is required. Responsibilities • Support Sourcing & Contracting Managers in their VAT roles by preparing contract analysis and conducting research for opportunity identification and vetting • Identifies opportunities for contract optimization • Conduct financial impact analysis to validate assumptions, determine risks, and quantify the potential value of the opportunity. • Summarize analyses and make recommendations for Pursuit Strategy. • Provide support for opportunity evaluation and vetting to include determining current contractual obligations; establishing baselines (price, utilization, etc.); identifying related/comparable products; identifying alternative suppliers, and conducting market research i.e., websites, GPO, MD Buyline, and price benchmarking. • Prepare draft presentations of completed preliminary analysis for the Sourcing & Contracting Managers consideration. • Maintains contract scorecard for S&C Managers (KPI reporting: #executed contracts, upcoming expirations, stage of contract lifecycle). • Support the Sourcing & Contracting managers in completing tasks associated with Pursuit activities such as improving current pricing, standardizing supplies, consolidating suppliers, improving contractual language and performance standards, improving utilization, processes, reducing inventory, and outcomes. • Provide support for activities related to developing and issuing an RFP; analyzing RFP responses, benchmarking, trials, reference checks; developing negotiation strategy and conducting negotiations; and contract development, review, and approval processes to include Legal Counsel review and approval. • Instrumental in Monitoring the validation of the expected savings, customer satisfaction, performance standards, contractual compliance, and quality outcomes of selected initiatives. • Stay abreast of industry best practices and trends. • Other tasks as assigned. Requirements • Bachelors degree required or 6 years of relevant experience in lieu of degree. • 3 years analytics experience required, healthcare industry preferred. • Proficiency in spreadsheet and data analysis tools (e.g., Excel). • Strong analytical decision-making skills. Benefits • Comprehensive benefits package that includes medical, dental, vision, short-term and long-term disability, group term life insurance and other optional voluntary benefits. • Wellness program designed to provide engaging opportunities to enhance health and activate well-being. Apply tot his job