Strategic Sourcing Analyst

Elastic, the Search AI Company, enables everyone to find the answers they need in real time, using all their data, at scale , unleashing the potential of businesses and people.

The Analyst, Strategic Sourcing is an individual contributor role and will report to the Senior Manager, Strategic Sourcing in India. The Analyst will work closely with the Global Sourcing and Procurement teams in India and North America.

Responsibilities

• Review Corporate Services and Marketing & Events contracts in close collaboration with Legal, Cross-functional Team and Sourcing leads, ensuring agreements align with business needs and risk frameworks.
• Create RFP/RFI, Vendor negotiations across a range of Non Technology services.
• Manage, review, summarize, and analyze data and present findings in a concise and structured manner.
• Execute and distribute procurement spend reports according to predefined monthly or quarterly reporting schedules.
• Create and communicate critical metrics reports on a regular basis based on a defined list of critical metrics (Cost Savings, Procurement Influence, Payment Terms etc.).
• Support Sourcing Strategy and procurement optimization processes by providing data insights and recommendations.
• Collaborate with cross-functional teams (Finance, Sourcing, P2P etc.) to gather monthly and quarterly data for analysis.
• Bring analytical and conceptual skills linking issue resolution to process improvement.
• Conduct training on analytical tools and dashboards, as needed.
• Build strong relationships with business collaborators and cross-functional partners.
• Update/maintain various procurement tools and system configurations, as needed.
• Collaborate with IT and various other departments to efficiently manage the procurement systems, as needed.
• Lead implementation efforts for any new tools and/or features of existing tools, as needed.

Requirements

• Bachelor’s or master’s degree in business or finance/accounting or equivalent.
• 3 to 5 years work experience in Sourcing & Procurement, Contracts Review including finance data analysis.
• Strong ability to collect and interpret data, identify and communicate potential opportunities and risks.
• Strong data analytics and report building skills.
• Prior experience in the latest tools will be considered an asset - Workday Procurement, Omnea, Coupa, NetSuite, Tableau, CLM, G Suite, et cetera.
• Willingness to learn new technologies in procurement data analytics.
• Project management (including change management) experience and skills.
• Strong communication, influencing, negotiation and conflict resolution skills.
• Possess high integrity combined with good judgement, with the ability to identify, recommend and select the best overall solution.
• Strong ability to develop and manage relationships with key business partners and suppliers.
• Proactive, a self-starter with a positive, can-do attitude.
• Work hours - EMEA shift (1pm to 10pm IST) aligning with North America time zones overlap including flexibility in work times to support all other global time zones when needed.

Benefits

• Competitive pay based on the work you do here and not your previous salary
• Health coverage for you and your family in many locations
• Ability to craft your calendar with flexible locations and schedules for many roles
• Generous number of vacation days each year
• Increase your impact - We match up to $2000 (or local currency equivalent) for financial donations and service
• Up to 40 hours each year to use toward volunteer projects you love
• Embracing parenthood with minimum of 16 weeks of parental leave