Analyst, Strategic Sourcing & Procurement

Overview

What if you could build a career where ambition meets innovation? At LPL Financial, we empower professionals to shape their success while helping clients pursue their financial goals with confidence.
What if you could have access to cutting-edge resources, a collaborative environment, and the freedom to make an impact? If you're ready to take the next step, discover what’s possible with LPL Financial.

Job Overview: As an Analyst in SS&P you will be responsible for executing the sourcing and procurement process to procure various products and services for LPL. You will work closely with internal stakeholders in the selection, use and management of external vendors across the LPL Technology portfolio. This includes supporting the management of the entire sourcing process for assigned categories with a focus on working collaboratively with leadership, understanding and managing strategy, vendor selection and due diligence, contract negotiations, costs to budget, risk mitigation, and regulatory compliance.

A fundamental component of the role is change management and the ability to lead the transformation of SS&P into a strategic partner across the firm.

• Negotiating low - medium dollar (≤$250K) contracts with key vendors. Contracts include, but are not limited to: MSAs, SaaS Agreements, EULAs, SOWs
• Assist VP in creating training documents, reports, best practices documentation for Technology commodities
• Assist Sourcing Managers in the analysis and development of category plans to provide visibility to spend, vendor summaries, contract summaries, stakeholder engagement, and market insights that lead to both short and long-term strategies
• Act as the reporting / analytical SME for the team; perform financial analysis, spend & Ariba reporting
• Partner with business groups to issue, evaluate and conduct RFx
• Bring thought leadership to identify additional cost and operational efficiencies
• Work in collaboration with multiple departments and business partners to develop strategy, policy and/or resolution of issues
• Present recommendations and commodity plans to SS&P leadership team and business
• Represent and advocate SS&P strategies and goals across the firm
• Challenge assumptions, opinions, and decisions in a diplomatic way to ensure actions are in the organization’s best interest
• Review contracts to ensure compliance with sourcing and contracting policies and procedures, and escalate concerns to legal and business partners
• Process contract terminations, expirations, extensions and renewals
• Manage contract request queue in our procure-to-pay system, ARIBA, in a timely manner and within SLA
• Support projects to continuously improve the capabilities of the SS&P organization
• Foster a positive, diverse and inclusive culture through education and communication
• Represents and advocate SS&P strategies and goals across the firm

We’re looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.

• An appropriate 4-year college degree
• Minimum of 1-3+ years of experience working in a medium-to large professional enterprise or 1+ years of contract negotiations and pricing experience
• Advanced MS Office skills including Excel, SharePoint, Word and Power Point

• Technology Sourcing background
• Financial Services experience
• Experience using ARIBA or other Procure-to-Pay tools

$59,869-$99,781/year

Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more.

Your recruiter will be happy…