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Sourcing Specialist

Job in Lehi, Utah County, Utah, 84043, USA
Listing for: Cypress HCM
Full Time position
Listed on 2026-09-22
Job specializations:
  • HR/Recruitment
    Recruiter / Talent Acquisition, Regulatory Compliance Specialist
Salary/Wage Range or Industry Benchmark: 44.37 USD Hourly USD 44.37 HOUR
Job Description & How to Apply Below
  • Duration: 09/14/2026 - 11/30/2027 (Contract)
  • Team: GS2P US
Job Details
  • Sourcing Specialist
  • Location:

    Lehi, UT 84043 (Hybrid)
  • Duration: 09/14/2026 - 11/30/2027 (Contract)
  • Team: GS2P US
Job Description
  • Support Global Strategic Sourcing with primary focus on Employee Benefits and additional responsibility for Executive and Non-Executive Recruiting categories.
  • Partner with category managers, HR, Total Rewards, Talent Acquisition, and Benefits teams to drive strategic sourcing, supplier optimization, and contract negotiations.
  • Ideal for a sourcing professional experienced in benefits- and talent-related vendor sourcing in a fast-paced, collaborative environment.
Responsibilities
  • Lead and support medium- to high-complexity sourcing events across assigned categories including health and welfare plans, retirement and financial wellness programs, insurance brokerage and administration, wellbeing initiatives, executive and non-executive recruiting/staffing services, and other benefits- and talent-related vendors.
  • Conduct supplier and market research to identify qualified benefits carriers, brokers, TPAs, executive search firms, and staffing/recruiting agencies; assess capabilities and support category strategy development.
  • Manage end-to-end Source-to-Contract lifecycle including RFx execution, bid analysis, supplier selection, and contract negotiation.
  • Evaluate supplier, carrier, and search firm proposals; perform pricing and cost-model analyses (including renewal/rate analysis and fee structures such as contingency, retained, and RPO models); develop data-driven recommendations for HR, Total Rewards, and Talent Acquisition partners.
  • Negotiate master service agreements, statements of work, administrative services agreements, and amendments in partnership with Legal and internal stakeholders.
  • Track, measure, and report sourcing outcomes including cost savings, service improvements, and vendor/carrier/agency performance metrics.
  • Support ongoing supplier, carrier, and agency management activities including regular business reviews, renewal cycles, and performance monitoring.
Qualifications
  • 3+ years of experience in strategic sourcing, procurement, or a related function, preferably with exposure to employee benefits, health and welfare, insurance, HR-related services, or talent acquisition/recruiting.
  • Working knowledge of Source-to-Contract (S2C) processes and RFx execution.
  • Strong analytical skills with ability to interpret commercial proposals, evaluate cost structures (including plan rates, renewals, and search/staffing fee models), and develop insights to influence decision-making.
  • Experience collaborating with cross-functional partners, particularly HR, Total Rewards, Talent Acquisition, and Legal.
  • Ability to manage multiple sourcing projects simultaneously while maintaining accuracy and attention to detail.
Preferred Qualifications
  • Exposure to global benefits and/or talent acquisition sourcing environments and matrixed organizations.
  • Familiarity with sustainability or workplace-wellbeing initiatives as they relate to supplier selection and benefits design.
  • Familiarity with executive search or staffing agency fee structures and market dynamics.
  • Comfort with using AI-forward tools to improve productivity and sourcing outcomes.
Compensation
  • Pay Rate: $44.37/hour
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