Sourcing Analyst

Sourcing Analyst – Denver, Colorado

Are you ready to hone your skills & gain experience in a world class financial services organization that helps people prosper? Are you interested in joining a globally diverse organization where our unique contributions are recognized and celebrated, allowing each of us to thrive? Then it’s time to join Western Union as a Sourcing Analyst!

Western Union powers your pursuit.

The Sourcing Analyst is responsible for identifying, evaluating and assisting with sourcing activities related to suppliers to ensure that the Western Union technology stakeholders can obtain the technology products and services they needs at the best possible price, quality, and terms and conditions. This role involves analyzing market trends, conducting supplier assessments, and managing supplier relationships by managing the contracting process, including negotiating contracts with SLAs and running market events – RFx (RFI, RFP, RFQ). This individual must also have an analytical drive and a knack for creating a business case that represents the reasons supporting changes to third-party spend and supplier relationships. In this role, the individual will regularly interact with key business leaders to balance cost, risk and speed in order to ensure that the business is able to realize its objectives.

Role Responsibilities

• Sourcing and procurement analyst ensures successful execution of sourcing events (RFx) and contract negotiations.
• Drive cost-saving initiatives through strategic sourcing, supplier consolidation, and alternative sourcing options.
• Track sourcing expenditures to ensure cost-effectiveness and adherence to financial targets.
• Implement pricing and cost-reduction strategies without compromising on quality.
• Supplier research and evaluation:
  • Identify potential suppliers and assess their capabilities, pricing and reputation.
  • Conduct market research to understand supplier trends, pricing models, and competitive offerings.
  • Evaluate suppliers based on quality, cost, delivery performance, and compliance with standards.
• Data Analysis and Reporting:
  • Analyze procurement data to identify cost-saving opportunities, inefficiencies, and supplier performance trends.
  • Create and maintain reports on supplier performance, market conditions and purchasing metrics.
  • Input deals into LevelPath sourcing tool and execute contracts using DocuSign.
• Contract Negotiations and Management:
  • Lead contract negotiations to secure advantageous terms and conditions with suppliers.
  • Manage the contract lifecycle from initiation through execution and renewal.
  • Assist in the preparation, negotiation, and execution of supplier contracts.
  • Ensure suppliers adhere to contractual terms, including quality standards.
• Cross-Functional Collaboration and Communications:
  • Identify opportunities to reduce costs through strategic sourcing, volume discounts and alternative suppliers.
  • Support negotiation for pricing, terms, and conditions with the suppliers.
  • Work closely with procurement operations, finance, and other departments to align sourcing strategies with overall organizational needs.
• Risk Management:
  • Assess and mitigate potential risks related to supplier performance and regulatory compliance.

Role Requirements

• A bachelor's degree in business, communications, or other management discipline.
• Certification in procurement (e.g., CPSM, CIPS) is a plus.
• Strong Analytical skills and experience with procurement software and databases.
• Knowledge of market research, supplier evaluation, and contract management.
• Comfortable assembling and working in a cross-functional environment.
• Current knowledge of technology marketplace and its trends.
• Knowledge of data analytics to support the development and execution of sourcing strategies.
• Excellent communication and negotiation skills, and ability to influence stakeholders.
• Detail-Oriented with the ability to manage multiple tasks and priorities simultaneously.
• Ability to work collaboratively in a team-oriented environment.

Preferred Qualifications

• Previous experience in sourcing, procurement, and supply chain management with keen analytical ability.
• Familiarity with industry-specific sourcing strategies (e.g., Technology, Money Transfer, etc.).
• Attention to detail formulating precise contract terms and conditions and SLAs
• Sourcing Manager plays a crucial role in ensuring procurement processes are efficient, cost-effective, and aligned with business objectives.

We make financial services accessible to humans everywhere. Join us for what’s next.

Western Union is positioned to become the world’s most accessible financial services company —transforming lives and communities. We’re a diverse and passionate customer-centric team of over 8,000 employees serving 200 countries and territories, reaching customers and receivers around the globe. More than moving money, we design easy-to-use products and services for our digital and physical financial ecosystem that help our customers move forward.

Just as we help our global customers prosper, we support our employees in achieving their professional aspirations. You’ll have plenty of opportunities to learn new skills and build a career, as well as receive a great compensation package. If you’re ready to help drive the future of financial services, it’s time for Western Union. Learn more about our purpose and people at https://careers.westernunion.com/.
 

Salary 

The base salary range is $70,000 – $95,000 USD per year, total on target compensation includes a base salary and short-term incentives that align with individual and company performance. Actual salaries will vary based on candidates’ qualifications, skills, and competencies.

Benefits 

You will also have access to short-term incentives, multiple health insurance options, accident and life insurance, and access to best-in-class development platforms, to name a few (https://careers.westernunion.com/global-benefits/).

Please see the location-specific benefits below and note that your Recruiter may share additional role-specific benefits during your interview process or in an offer of employment. 

  

Your United States – Specific Benefits Include 

• Family First Program 
• Flexible Time off 
• Medical, Dental and Life Insurance 
• Student Loan Repayment Program 
• Tuition Assistance Program 
• Parental Leave 

  

Location (Hybrid): 7001 E. Belleview Ave Denver, CO 80237

Western Union values in-person collaboration, learning, and ideation whenever possible. We believe this creates value through common ways of working and supports the execution of enterprise objectives which will ultimately help us achieve our strategic goals. By connecting face-to-face, we are better able to learn from our peers, problem-solve together, and innovate.

Our Hybrid Work Model categorizes each role into one of three categories. Western Union has determined the category of this role to be Hybrid. This is defined as a flexible working arrangement that enables employees to divide their time between working from home and working from an office location. The expectation is to work from the office a minimum of three days a week.

For residents of Colorado, California, Connecticut, Delaware, Minnesota, and Pennsylvania: Please do not respond to any questions on this initial application that may seek age-identifying information such as age, date of birth, or dates of school attendance or graduation. You may also redact this information from any materials you submit during the application process. You will not be penalized for redacting or removing this information.

We are passionate about diversity. Our commitment is to provide an inclusive culture that celebrates the unique backgrounds and perspectives of our global teams while reflecting the communities we serve.

We do not discriminate based on race, color, national origin, religion, political affiliation, sex (including pregnancy), sexual orientation, gender identity, age, disability, marital status, or veteran status.

The company will provide accommodation to applicants, including those with disabilities, during the recruitment process, following applicable laws.

#LI-JF1 #LI-Hybrid

Estimated Job Posting End Date:

01-24-2025

This application window is a good-faith estimate of the time that this posting will remain open. This posting will be promptly updated if the deadline is extended or the role is filled.