Sourcing Manager; Contract Negotiator

Overview

This job posting is anticipated to remain open for 30 days, from 30-Jan-2026. The posting may close early due to the volume of applicants.

Join a financial services firm where your contributions are valued. Edward Jones is a Fortune 500 company where people come first. With over 9 million clients and 20,000 financial advisors across the U.S. and Canada, we’re proud to be privately-owned, placing the focus on our clients rather than shareholder returns. Behind everything we do is our purpose:
We partner for positive impact to improve the lives of our clients and colleagues, and together, better our communities and society. We are an innovative, flexible, and inclusive organization that attracts, develops, and inspires performance excellence and a sense of belonging. People are at the center of our partnership. Edward Jones associates are seen, heard, respected, and supported. This is what we believe makes us the best place to start or build your career.

View our Purpose, Inclusion and Citizenship Report.

Fortune 500, published June 2024, data as of December 2023. Compensation provided for using, not obtaining, the rating.

The Sourcing Manager is responsible for negotiating supplier contracts on behalf of business units, with a primary focus on medium-to-high value and moderately complex sourcing initiatives. Negotiations include contract terms (e.g., Indemnification, Limitation on Liability, Confidentiality provisions) and pricing. This role partners with business units to understand strategic goals and supports projects requiring supplier relationships. The Sourcing Manager must possess strong analytical and systems-thinking capabilities to identify, communicate, and implement supply-base opportunities that achieve cost savings, cost avoidance, and risk mitigation strategies.

This role requires building relationships within cross-functional teams, effective communication, and strategic planning to influence leadership and drive sourcing initiatives forward.

In this role, the Sourcing Manager must:

• Contribute to the department goal of $100M in Savings/Cost Avoidance.
• Lead multiple, concurrent sourcing initiatives including strategy, supplier selection, market intelligence, and contract execution.
• Lead the negotiation of complex commercial and contractual terms with executives and legal representatives.
• Direct Senior Leaders towards the best purchasing decision by balancing solution cost with business requirements.
• Support the talent development of the Sourcing team by mentoring Buyers and Sourcing Specialists while sharing knowledge, experience, and leading practices across Divisions
• Execute on defined objectives aligned to Sourcing Strategies through the development and distribution of RFx's (RFI, RFQ, RFP), vendor communication, development of vendor selection criteria, and collaboration with cross-functional teams including business owners and legal.
• Maintain accurate records and data within the contract management system and other related sourcing tools
• Use procurement tools and systems to create operational efficiency and visibility across the enterprise
• Identify and pursue ad hoc opportunities to reduce product/service costs and support the implementation of operational improvement initiatives
• Assess pricing using analytics and benchmarking to ensure competitive outcomes.
• Develop strong relationships with business partners to ensure early visibility into upcoming sourcing needs.
• Champion process improvements and provide feedback on impact.

Qualifications Required in the Job:

• Bachelor's degree required;
  Master's degree in Business, Law, Information Systems, or Supply Chain Management preferred.
• Minimum of 8 years related work experience, preferably involving negotiation and contracts.
• Understanding of supply chain management concepts and procedures.
• Knowledge of legal, contracting, third party risk environments.
• Ability to communicate complex cost models, risk, and business concepts at executive levels.
• Strong people and project management skills; ability to influence without authority.
• Demonstrated ability to collaborate across divisions and communicate upward…