Senior Consultant, Procurement Demand Management

About Northern Trust

Northern Trust, a Fortune 500 company, is a globally recognized, award‑winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

The Sr. Consultant on the Procurement Demand Management team is responsible for partnering with Global Procurement, the Business Units, and Finance to attain expense reductions through business unit sponsored initiatives, negotiated savings, post sourcing savings, financial analysis and continuous process improvements.

• Partners with category managers, product managers, business partners, and technical staff to understand requirements and various levels of complexity.
• In addition to interacting with multiple business partners, the role requires interacting with suppliers to develop category sourcing strategies and overall supplier relationship(s).
• Provide coaching, guidance and mentorship to other team members
• Plan and coordinate ongoing supplier strategic relationship reviews
• Develops category sourcing strategies and overall supplier relationship(s); providing input to pricing discussions
• The Sr. Consultant will review and assess contracts, sourcing plans, demand, usage, and forecasting to create financial models.
• Leads the collection and analysis of data, and may assist pricing discussions & negotiations.
• Review reports and analyze to determine impacts, issues, and opportunities. Provide KPIs and metrics.
• Responsible for creating and measuring value for the sourcing process and analytics.
• Plan and identifies improvements to existing processes to further gain operational efficiency and productivity.
• Lead meetings in conjunction with Global Procurement and Corporate & Shared Services Finance team to analyze and review supplier spend
• Plan and execute special projects and/or process improvement initiatives
• Develop, present, ad‑hoc products
• Serve as the point of contact for specific supplier relationships, across multiple business units and service areas
• Creates suggestions for improvements of global policies, programs and processes
• Carries out activities with financial, vendor, and/or internal business impact

• Prior experience with Financial Analysis (planning, forecasting, projections). Strong analytical, numerical and reasoning skills
• Strong technical knowledge of business tools and applications (i.e. Business Intelligence, Financial tools, MS Office 365)
• Ability to lead others. Uses expertise to provide guidance to others as a project manager or consultant.
• Uses prescribed guidelines or policies in analyzing situations. Provides a moderate level of guidance and direction.
• Works on projects and develops project leadership skills
• Solves problems in straightforward situations
• Analyzes possible solutions using technical experience and judgment and precedents
• Impacts quality of own work and the work of others on the team
• Excellent oral and written communication skills are required
• Highly flexible and adaptable to change
• Strong understanding of process and process improvement
• Approachable and able to promote teamwork through creative solutions
• Requires expanded conceptual knowledge in own job discipline
• Understands key business drivers; uses this understanding to accomplish own work
• Explains complex information to others in straightforward situations
• Continues to build knowledge of the company, processes and clients.

• A College or University degree in Business, Accounting, Finance and seven years relevant work experience. Knowledge of Sourcing or Procurement is a plus.
• Financial analysis and modeling experience required
• Ideal candidate should have a Finance almost forensic accounting type work experience that has analytics and metrics as key responsibilities.
• Professional certifications are a plus.

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