Contract & Sourcing Strategist

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. 

 

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance.  401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.  We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

As part of the Procurement Services organization within Finance, this role is responsible for partnering with our internal client line of business owners and Executives to source new solutions and service providers, and manage the associated contract lifecycles.

This position works strategically with managers and senior managers to support strategic sourcing, contract research and negotiations, as well as act as an internal business consultant and trusted advisor.

 

Salary Range

The salary range for this position is $61,200 - $123,700 per year plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.

 

Essential Responsibilities include, but are not limited to:

• Achieve targeted outcomes associated with business efficiencies, cost reduction/revenue improvement, and product/service provider optimization, through opportunity identification, successful negotiations, and advantageous contracting, while complying with the highest ethical standards and preventing conflicts of interest and improper vendor/supplier relationships.
• Support all pre-sourcing fulfillment (IT evaluations, product development, funding review/approval, etc.), as well as own full strategic sourcing process through contracting for any assigned initiatives and all vendor/supplier agreements.
• Independently conduct financial and other empirical analysis associated with sourcing and contracting events, and partner with a Financial Analyst for those comparisons of greater complexity.
• Comfortably and successfully interact with, influence, and support key business leaders including, CEO, CFO, CIO, CRO, etc., to advocate strategic business needs.
• Negotiate and enforce new agreements and modifications to existing contracts (MSA’s, NDA’s, SOW’s, etc.) including terms and conditions, performance obligations, regulatory compliance, etc., with vendors.
• Support real estate and equipment lease contract negotiation and lifecycle management, and support relevant duties associated with Facilities Management needs and initiatives.
• Collaborate with and consult the relevant stakeholders including, lines of business, Finance, Risk, Legal, etc. to achieve positive results, while complying with company policies, standards, and applicable laws.
• Manage efforts in accordance with the Procurement Policy and ensure compliance with associated purchasing and funding approval processes, and expense management practices and controls.
• Work with internal business owners and stakeholders to incorporate ONB’s Supplier Access & Partnership Enablement Program into sourcing and contracting activities.
• Other duties as assigned related to the position.  

Experience/Qualifications:

• Minimum of Associate’s degree with BA/BS preferred in Business Management, Accounting, Finance or related field and 5 years of relevant experience (Procurement, Contract Management, Sourcing, Third Party Risk Management, etc.)
• Strong communication, consultative, and interpersonal skills. Must act as a trusted advisor to executives and managers (internal clients) at all levels within the organization.
• Strong negotiation skills and ability to successfully influence key stakeholders internally and externally.
• Excellent problem-solving/solution architect and critical thinking skills, and strong business acumen fostering sound process, and strategy decisions.
• Ability to work independently and prioritize multiple projects and activities effectively in a dynamic environment.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles. 

 

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law. 

 

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

 

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank.  Join our team!