Sourcing Project Specialist

Northern States Power Co - MN; Red Wing (MN); Hybrid; USD 90,000 - 121,000; Full time

Benefits offered by this job

Annual Incentive Program

Medical/Pharmacy Plan

Dental

Vision

Life Insurance

401(k) Plan

Pension

Paid time off

Job summary

Xcel Energy is seeking a Sourcing Project Specialist to lead high-value procurement for major capital projects. You will shape bid requirements, run bidding events, and oversee supplier performance to ensure project value and timely delivery.

Role demands five years in purchasing/sourcing, strong contract and negotiation skills, and a CPSM or equivalent credential. Hybrid work, with some travel, and a broad benefits package accompany the role.

Qualifications

• Bachelor's degree in supply chain/related field or equivalent experience.
• Five years purchasing, sourcing or logistics experience.
• Contract knowledge, negotiation and project management skills.
• Proficiency with Microsoft Office and purchasing/sourcing systems.
• CPSM certification or equivalent must be pursued and maintained.
• Strong interpersonal, relationship and presentation skills.
• Ability to travel up to 20% domestically.

Responsibilities

• Sourcing high-value, complex goods and services for major projects (up to $50M).
• Lead bidding events and evaluate proposals; consolidate sourcing to drive competition and savings.
• Develop and manage project plans for sourcing and align with business units.
• Negotiate contracts and resolve disputes with suppliers and internal stakeholders.
• Establish and monitor supplier performance and manage Tier I and II relationships.
• Mentor associates in sourcing event management, negotiation and risk containment.

Skills

Five years purchasing/sourcing/logist

Project management experience

Contract knowledge and negotiation

Sourcing and supply chain principles

MS Office & purchasing systems

Results-oriented and customer focused

Interpersonal skills and presentation

Travel up to 20%

Education

Bachelor's degree in Supply Chain Management

Engineering

Project Management

Business

Finance or equivalent experience

Tools

Microsoft Office

Purchasing systems

Job description

Xcel Energy (NASDAQ: XEL) is a leading energy provider and Fortune 500 company, dedicated to serving millions of electricity and natural gas customers across eight states: Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. We make energy work better for our customers, helping them thrive every day. That means always raising the bar - delivering better service and providing more reliable, resilient, and sustainable energy. Xcel Energy is a place where you’ll have opportunities to grow, expand your skills, and help lead the clean energy transition. We offer meaningful rewards, recognition, and support to help you build your career and make an impact - both on the job and beyond. Most importantly, it means you’ll be joining a company that knows employees are the driving force behind its success and is committed to helping you be your best. Xcel Energy supports a hybrid work model to enable collaboration and flexibility. Many roles are expected to work onsite three days per week (Tuesday–Thursday); however, work location expectations vary based on role, team, and business needs.

Sourcing Project Specialist Position Summary

Provides leadership and direction for large, complex projects. Develops negotiation strategies and leads negotiations with suppliers representing all internal stakeholders. Executes contracts and monitors supplier performance to optimize project success. Mentors, coaches and oversees development of associate sourcing project specialists.

Essential Responsibilities

• SOURCING - Sources for high-value, complex goods and services in support of significant company projects (up to $50M). Leads the process for defining technical bid requirements and specifications and specialized terms and conditions required by individual capital projects. Leads bidding events and bid evaluation teams to analyze proposals and award business. Seeks opportunities to consolidate sourcing activities to encourage supplier competition. Seeks opportunities for cost savings and cost avoidance
• PROJECT MANAGEMENT - Creates and manages a project plan for the sourcing of goods and services and controls the necessary supply chain resources in support of the plan. Interacts with business unit personnel to integrate the sourcing and business project plans. Maintains relationships with key business unit stakeholders and communicates sourcing project status. Establishes metrics for evaluating and documenting specific supplier services and contractual requirements and monitors performance.
• NEGOTIATIONS - Develops negotiation strategies and leads negotiations representing company interests in major project purchases associated with capital projects. Facilitates the resolution of disputes and contract adjustments with suppliers and internal stakeholders.
• SUPPLIER MANAGEMENT - Establishes and oversees the process to track and monitor supplier performance, commitments and progress milestones to ensure full value of the project has been achieved. Identifies opportunities in collaboration with a category manager to support project needs with key suppliers in alignment with category strategies. Manages tier I and II supplier relationships as assigned
• RISK CONTAINMENT - Applies understanding of underlying principles of contract law to administer all project contract agreements and contractual forms, Defines and manages the risk elements of the contract and assembles all necessary documentation for obtaining project-specific insurance. Limits company liability by ensuring all required documents and notices have been obtained and are satisfactory.
• MENTORING - Mentors associate project specialist in sourcing event management, negotiation strategy, program standardization, supplier management, project management and risk containment.

Minimum Requirements

• Bachelor's degree in Supply Chain Management, Engineering, Project Management, Business, Finance or equivalent experience required.
• Requires five of purchasing, sourcing or logistics experience.
• Project management experience is a plus.
• Significant contract knowledge, negotiation and project management skills required.
• Requires considerable knowledge and expertise in sourcing and supply chain management principles.
• Must pursue and maintain Certified Professional in Supply Management (CPSM) certification or equivalent.
• Proficiency in Microsoft Office suite and significant experience with purchasing and sourcing systems is required.
• Must be results-oriented and customer focused.
• Strong interpersonal, relationship, and presentation skills are required.
• Up to 20% domestic travel is required.

Our culture is grounded in shared values and employee commitments that guide how we work, support one another, and grow together. Our Values Connected, Committed, Trustworthy, Safe Our Employee Commitments Work that makes a difference A team you can count of Opportunities to grow Rewards that help you thrive Xcel Energy provides job applicants reasonable accommodations for disabilities throughout the application process.

Non-Bargaining

The anticipated starting base pay for this position is: $90,000.00 to $120,567.00 per year

This position is eligible for the following benefits:

• Annual Incentive Program
• Medical/Pharmacy Plan
• Dental
• Vision
• Life Insurance
• Dependent Care Flexible Spending Account
• Health Care Flexible Spending Account
• Health Savings Account (HSA) (if enrolled in eligible health plan)
• Limited-Purpose FSA (if enrolled in eligible health plan and HSA)
• Transportation Reimbursement Account
• Short-term disability (STD)
• Long-term disability (LTD)
• Employee Assistance Program (EAP)
• Fitness Center Reimbursement (if enrolled in eligible health plan)
• Tuition reimbursement
• Transit programs
• Employee recognition program
• Pension
• 401(k) plan
• Paid time off (PTO)
• Holidays
• Volunteer Paid Time Off (VPTO)
• Parental Leave

Deadline to Apply: 11/06/26

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You. Us. Together. At Xcel Energy, we’re more than an energy company. We’re reinventing how we power communities. Redefining how we care for customers. Reaffirming our commitment to the planet. We’re committed to leading with equity and inclusion. You’re not waiting for change – you’re creating it. You’re driven to protect the environment, support your community, and seek innovation. You want a career that grows with you and an employer who values you. You are reliable, trustworthy and bring integrity to everything you do. We are leading the way in clean energy. We’re using technology and innovation in every facet of our company. We’re providing safe, stable jobs with robust benefits. We keep our customers at the center of all we do. We’re committed to hiring a workforce that reflects the communities we serve. Together, we can provide carbon-free electricity by 2050. Together, we can take care of the environment and our communities. Together, we can create a place where everyone belongs. Together we’re building a better tomorrow.