Sourcing Specialist

Cypress HCM; Lehi (UT); Hybrid; USD 52,000 - 69,000; Full time

Job summary

Cypress HCM in Lehi, UT is seeking a Sourcing Specialist for a contract role (Hybrid) from 09/14/2026 to 11/30/2027. The role focuses on Employee Benefits sourcing with additional duties in Executive and Non-Executive recruiting vendor sourcing.

You will partner with HR, Total Rewards, Talent Acquisition, and Legal to drive sourcing strategy, supplier optimization, and contract negotiations, while managing end-to-end Source-to-Contract activities and delivering measurable savings.

Qualifications

• 3+ years of experience in strategic sourcing or procurement.
• Exposure to employee benefits, health and welfare, insurance, or talent acquisition sourcing.
• Strong analytical skills to interpret proposals and develop insights.

Responsibilities

• Lead medium- to high-complexity sourcing events across benefits and recruiting services.
• Conduct supplier and market research to identify qualified carriers, brokers, and agencies; support strategy development.
• Manage end-to-end Source-to-Contract lifecycle including RFx execution, bid analysis, and negotiation.
• Track cost savings, service improvements, and vendor performance; report outcomes to stakeholders.

Skills

Strategic sourcing

RFx execution

Cross-functional collaboration

Data analysis

Job description

• Duration: 09/14/2026 - 11/30/2027 (Contract)
• Team: GS2P US

Job Details

• Sourcing Specialist
• Location: Lehi, UT 84043 (Hybrid)
• Duration: 09/14/2026 - 11/30/2027 (Contract)
• Team: GS2P US

Job Description

• Support Global Strategic Sourcing with primary focus on Employee Benefits and additional responsibility for Executive and Non-Executive Recruiting categories.
• Partner with category managers, HR, Total Rewards, Talent Acquisition, and Benefits teams to drive strategic sourcing, supplier optimization, and contract negotiations.
• Ideal for a sourcing professional experienced in benefits- and talent-related vendor sourcing in a fast-paced, collaborative environment.

Responsibilities

• Lead and support medium- to high-complexity sourcing events across assigned categories including health and welfare plans, retirement and financial wellness programs, insurance brokerage and administration, wellbeing initiatives, executive and non-executive recruiting/staffing services, and other benefits- and talent-related vendors.
• Conduct supplier and market research to identify qualified benefits carriers, brokers, TPAs, executive search firms, and staffing/recruiting agencies; assess capabilities and support category strategy development.
• Manage end-to-end Source-to-Contract lifecycle including RFx execution, bid analysis, supplier selection, and contract negotiation.
• Evaluate supplier, carrier, and search firm proposals; perform pricing and cost-model analyses (including renewal/rate analysis and fee structures such as contingency, retained, and RPO models); develop data-driven recommendations for HR, Total Rewards, and Talent Acquisition partners.
• Negotiate master service agreements, statements of work, administrative services agreements, and amendments in partnership with Legal and internal stakeholders.
• Track, measure, and report sourcing outcomes including cost savings, service improvements, and vendor/carrier/agency performance metrics.
• Support ongoing supplier, carrier, and agency management activities including regular business reviews, renewal cycles, and performance monitoring.

Qualifications

• 3+ years of experience in strategic sourcing, procurement, or a related function, preferably with exposure to employee benefits, health and welfare, insurance, HR-related services, or talent acquisition/recruiting.
• Working knowledge of Source-to-Contract (S2C) processes and RFx execution.
• Strong analytical skills with ability to interpret commercial proposals, evaluate cost structures (including plan rates, renewals, and search/staffing fee models), and develop insights to influence decision-making.
• Experience collaborating with cross-functional partners, particularly HR, Total Rewards, Talent Acquisition, and Legal.
• Ability to manage multiple sourcing projects simultaneously while maintaining accuracy and attention to detail.

Preferred Qualifications

• Exposure to global benefits and/or talent acquisition sourcing environments and matrixed organizations.
• Familiarity with sustainability or workplace-wellbeing initiatives as they relate to supplier selection and benefits design.
• Familiarity with executive search or staffing agency fee structures and market dynamics.
• Comfort with using AI-forward tools to improve productivity and sourcing outcomes.

Compensation

• Pay Rate: $44.37/hour