Senior Strategic Sourcing Analyst

Strategic Sourcing Analyst

We're building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you'll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time.

Position Summary

CVS Health's Enterprise Procurement department, a key function within the company's Corporate Finance organization, is in search of a Strategic Sourcing Analyst within the Non-IT team. In this role, you will be responsible for leading the execution of a broad array of RFx events for indirect products and services within the Corporate Services spend categories such as Marketing, HR, Finance, Print, Supplies and T&E.

In addition to executing a large variety of sourcing events, this role will also be responsible for providing analytical and project management support to sourcing leadership and assist with category management activities such as pipeline development, data management, and expiring contract reviews.

This role reports directly to the Lead Director of Strategic Sourcing – Corporate Shared Services, and will work in a team environment that provides support and guidance to ensure that Enterprise Procurement is effectively serving its internal stakeholders.

The Strategic Sourcing team manages over $11B in annual indirect spend across a range of IT and non-IT categories that support key business units across the enterprise (Retail, PBM, Insurance, Specialty/Clinical, etc.). As a Senior Analyst on the Sourcing team, you should have an enterprise mindset, possess an entrepreneurial self-starting mentality, and be a strong communicator who is able to establish lasting relationships with business leaders as well as internal and external stakeholders.

Key Responsibilities:

• Execute and lead a variety of sourcing events in support of category
• Provide analytical support to category leaders on RFx events and major initiatives
• Support category management activities (expiring contract review, pipeline development, opportunity assessment, etc.)
• Provide project management and communication support to category leaders (project tracking, meeting minutes, etc.)
• Compile scope of work and requirements, analyze and evaluate vendor proposals, and negotiate final commercial terms
• Develop and confidently present analysis - both quantitative and qualitative - to Procurement and Business leadership to obtain approval to award business
• Effectively communicate and demonstrate Strategic Sourcing's value proposition to internal business partners/stakeholders

This is a hybrid role that will require the selected candidate to be in-office at the corporate headquarters in Woonsocket, RI 2x per week. We will also consider candidates based in Hartford, CT or Northbrook, IL.

Required Qualifications

• 1-3 years of professional experience related to Sourcing & Category Management, Finance, Supply Chain, Procurement, Analytics, or Management Consulting

Preferred Qualifications

• Possess a strong business acumen and high level of problem solving and critical thinking skills
• Excellent verbal communication and interpersonal skills, with an ability to confidently and expertly interact with internal and external stakeholders
• Strong analytical ability, strategic thinker, learn and process new information quickly
• Ability to quickly capture, analyze, and summarize large data sets
• Strong organization and project management skills
• Shown ability to handle multiple tasks without direct supervision, while paying strong attention to detail and follow-up
• Intellectually curious, eager to gain new experiences, qualifications, and responsibilities

Education

• Bachelor's degree required. Preferably a major related to Management, Business, Economics, Supply-Chain, Finance, Accounting.

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

The typical pay range for this role is:

$46,988.00 - $

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job…