IT, Strategic Sourcing Specialist

SoFi; United States; Remote; USD 60,000 - 100,000; Full time

Job summary

Join a next-generation financial services company that is shaping the future of personal finance. As a Strategic Sourcing Specialist in IT, you will play a vital role in vendor management and procurement, ensuring quality and value in IT products and services. This position offers a unique opportunity to develop your skills in contract negotiation and vendor relationships while contributing to a company that is at the forefront of financial innovation. If you're motivated to learn and grow in a dynamic environment, this role is perfect for you.

Qualifications

• 2+ years experience in procurement or vendor management is a plus.
• Basic understanding of IT products and services.

Responsibilities

• Conduct research to identify potential IT vendors.
• Assist in the evaluation of vendor proposals and capabilities.

Skills

Negotiation Skills

Communication Skills

Analytical Skills

Problem-Solving Skills

Vendor Management

Education

Bachelor's degree in Business

Bachelor's degree in IT

Job description

Employee Applicant Privacy Notice

Who we are:

Shape a brighter financial future with us.

Together with our members, we’re changing the way people think about and interact with personal finance.

We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.

IT, Strategic Sourcing Specialist

We are seeking a motivated and developing Strategic Sourcing Specialist with a growing understanding of IT procurement and vendor relationship management. The Strategic Sourcing Specialist of IT will support the procurement of IT products and services from external vendors, contributing to the organization's efforts to obtain good value while maintaining quality standards and adhering to contractual agreements. The ideal candidate should possess excellent time management skills, a foundational understanding of IT technologies and trends, and a willingness to learn and grow in vendor management, especially around contract negotiation.

Responsibilities:

• Vendor Identification and Support: Conduct research to identify potential IT vendors that align with the organization's basic needs and objectives, with guidance from senior team members.
• Proposal Evaluation Support: Assist in the evaluation of vendor proposals, product offerings, and capabilities to contribute to informed decision-making.
• Contract Assistance: Support the development and negotiation of IT vendor contracts in collaboration with legal and procurement teams, learning about favorable terms, service level agreements (SLAs), and cost structures.
• Contract Monitoring Support: Assist in monitoring contract compliance and escalate any potential discrepancies or issues to senior team members.
• Performance Monitoring Support: Support the establishment of key performance indicators (KPIs) to help measure vendor performance and service quality.
• Performance Assessment Assistance: Assist in the regular assessment of vendor performance against established KPIs and escalate any concerns to senior team members.
• Relationship Support: Foster positive working relationships with IT vendors and IT stakeholders, acting as a point of contact for basic inquiries and escalating issues as needed.
• Meeting Participation: Participate in vendor meetings, performance reviews, and business updates to learn about communication and collaboration.
• Risk Awareness: Identify potential risks related to IT vendors and escalate them to senior team members for mitigation strategy development.
• Budget and Cost Awareness: Work with finance and procurement teams to understand and support IT vendor budgets. Support efforts to optimize vendor spending while maintaining quality, under the guidance of senior team members.
• Technology Awareness: Develop an understanding of the latest IT trends, innovations, and emerging technologies to support informed vendor selection and decision-making processes.
• Vendor Diversity Awareness: Support diversity and inclusion efforts by learning about and identifying potential vendors from underrepresented groups in the IT industry.

Requirements:

• Bachelor's degree in Business, IT, or a related field.
• 2+ years related experience in a procurement, vendor management, or IT-related role is a plus.
• Basic understanding of IT products, services, and solutions, with a willingness to learn complex technical concepts.
• Demonstrated development of negotiation and communication skills.
• Ability to support the management of multiple vendors and contracts with guidance.
• Demonstrated development of analytical and problem-solving capabilities.
• Understanding of contract management principles.
• Awareness of risk assessment concepts in vendor management.
• Ability to work collaboratively with cross-functional teams, including IT, finance, legal, and operations, with guidance.

Compensation and Benefits The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location. To view all of our comprehensiveand competitivebenefits, visit ourBenefits at SoFipage! SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law. The Company hires the best qualified candidate for the job, without regard to protected characteristics. Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records. New York applicants: Notice of Employee Rights SoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email [e-mail]. Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time. Internal Employees If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.