Sourcing Consultant (Professional Services)

Principal Financial Group; Charlotte (NC); On-site; USD 100,000 - 145,000; Full time

Job summary

Join Principal Financial Group as a Strategic Sourcing Consultant in Charlotte, NC. You will collaborate with business partners to create effective sourcing contracts, driving innovative solutions and optimizing supplier relationships. Candidates should have a strong background in sourcing and contract flow management, with excellent communication skills.

Benefits

Flexible Time Off

Pension Eligible

Qualifications

• 8+ years of experience in sourcing, supply chain management, contract negotiations.
• Knowledge of strategic sourcing principles in professional services.
• Ability to engage collaboratively with business partners.

Responsibilities

• Coach internal leaders on category management best practices.
• Develop sourcing strategies for complex third-party spend.
• Lead contract negotiations and supplier selection.

Skills

Contract Negotiations

Strategic Sourcing

Problem Solving

Communication

Education

Bachelor's degree or equivalent

Job description

What You'll Do

Further your career today as a Strategic Sourcing Consultant at Principal Financial Group!

We are seeking exceptional candidates to join our Global Sourcing team in Des Moines, IA, or Charlotte, NC.

As a Sourcing Consultant, you will have the opportunity to collaborate with business partners and suppliers to develop strategic Consulting/Professional Services/Outsourcing contracts and relationships. This is your chance to be part of a world-class team that is passionate about providing the most value to our business partners.

As a Sourcing Consultant within our Professional Services category, you'll help us transform the way our teams deliver value to our business partners. We are seeking highly motivated Consulting/Professional Services Sourcing professionals who can encourage innovative solutions that are valuable (saves money for the business), viable (the solution fulfills the requirements and works within the constraints of our business), and strategic (leverages industry intelligence that keeps us ahead of the competition.)

Your day could look like this:

• Coach and influence internal and external leaders and teams to promote best practices in category management and achieve business results
• Develop sourcing initiative strategy according to the total cost of ownership model, internal data, and category market intelligence
• Collaborate with our leaders to deliver solutions for their business needs as we produce outcomes our customers love
• Direct and execute on all aspects of strategic sourcing for medium-to-high complexity (dollar and risk) third-party spend needs
• Lead consulting statement of work requirements development, supplier selection, pricing analysis, and contract review and negotiation
• Support audit compliance and risk management efforts

Who You Are

Successful candidates will have the following:

• Bachelor's degree or equivalent required.
• 8+ years related experience (i.e., sourcing, supply chain management, contract negotiations, contract law) required
• Knowledge of and experience with strategic sourcing principles and supply base management strategy with particular emphasis in professional services categories
• Desire to learn about market intelligence & analytics within the professional services industry.
• Proven ability to engage with business partners and company leaders in a constructive and collaborative relationship
• Aptitude for solving complex problems and challenging/influencing stakeholders.
• Strong oral and written communication skills are vital.

Additional preferred skills:

• Extensive experience negotiating Professional Service agreements (all types) preferred.
• Strategic planning, spend analysis and supplier management (performance tracking and reporting, governance) experience preferred.
• Experience as a sourcing consultant within the consulting and managed / outsourced services categories strongly preferred.
• Experience with contingent workforce programs / staffing MSP’s is a plus.

Hiring Level: We are open to hiring at both the Senior and Lead Sourcing Consultant level depending on experience and capabilities.

Salary Range Information

Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.
Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly)

$100800 - $14500 / year
Time Off Program

Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.
Pension Eligible

Yes
Additional Information

Work Authorization/Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

Nonimmigrant Workers and Green Card for Employment-Based Immigrants

Investment Code of Ethics

For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

Experience Principal

At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits.

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Posting Window

We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.
Original Posting Date

5/30/2025
Most Recently Posted Date

5/30/2025