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Category and Sourcing Advisor

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Date: May 10, 2019

Location: Miami Lakes, FL, US, 33016


Join the Popular Team!

Founded in 1893, Popular Inc. has been built upon strong institutional values while providing broad financial services within the United States, Puerto Rico, and the Caribbean.

We strive to create an extraordinary legacy with a passion for customer service, tremendous dedication to our employees, and strong partnerships in the communities where we reside. Come explore Popular - Our bottom line is you.

PB Sourcing & Procurement

The Category and Sourcing Advisor is responsible for planning and executing the strategic activities that support the procurement of goods and services defined within particular categories. These activities include: monitoring the market for new or updated capabilities; working closely with the bank’s businesses to understand their procurement needs and requirements; working with vendors to prepare and respond to the needs of the business stakeholders; preparing and executing competitive sourcing processes (RFx’s); evaluating vendor proposals and offerings according to businesses needs; and negotiating and executing vendor contracts.  Manage the categories on an on-going basis post contract execution, identify vendor or category performance goals, and monitor vendor performance and improvement metrics.

In this position, you will:

  • Strategically partner with the businesses to assess current/future business requirements and utilize this information for planning purposes
  • Establish relationships with stakeholders to ensure effective communication channels exist, to identify business requirements and to align sourcing strategies and options with business strategies
  • Plan and execute the sourcing activities for the category, ensuring a cross-functional team is established and involved
  • Create and manage bids or proposals incorporating business requirements, commercial requirements, and appropriate attachments
  • Apply forecasting skills including cash/cost, pricing models to evaluate options and make recommendations to support the needs of the business and the cost reduction goals of the team
  • Identify and provide input into vendor scorecard elements, based on contractual requirements and KPI’s
  • Provide suggestions, create efficiencies, and identify continuous improvement opportunities to improve the sourcing process
  • Identify and engage new sources of supply, review, and on-board vendors per the defined process
  • Resolve complex contract related issues with vendors as needed
  • Focus on long-term category expertise & development
  • Conduct supply market & internal needs / demands
  • Resident expert in sourcing policy, procedures & processes
  • Lead sourcing negotiations
  • Resident expert in contract negotiation & contract development
  • Uncover sourcing opportunities in the market through research / analysis
  • Key contact for business stakeholder requirements

To be considered, you will need:

  • Bachelor’s Degree from an accredited university. Degree concentration in finance, business administration, industrial engineering or related field preferred
  • Experience negotiating with vendors, managing client relationships, executing sourcing or procurement activities, working in the banking industry, performing financial analysis and/or managing 3rd party contracts, all strongly preferred
  • Strong negotiation and conflict resolution abilities
  • Strong commercial analytical skills
  • Ability to perform critical evaluation of proposals
  • Ability to lead competitive processes according to guidelines
  • Understanding of Vendor Performance Management
  • Strategic planning skills
  • Ability to work with procurement technology and processes
  • Ability to monitoring compliance with policy, procedures, and processes
  • Contract Management- ability to resolve contract related issues
  • Ability to manage Vendor relationships


Please consider joining our DYNAMIC, friendly team! It takes only a few minutes to check-out this great opportunity and apply!

We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.

To learn more about Popular, visit our website at

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Nearest Major Market: Miami

Job Segment: Performance Management, Contract Manager, Human Resources, Legal

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