Commonwealth Financial Network

Senior Analyst, Procurement and Vendor Management

Job Locations US-MA-Waltham
Job ID
W-2021-007
# of Openings
1
Category
Enterprise Risk Management
Type
Permanent/ Full-Time

Overview

Are you eager to share your contract and vendor management expertise? If so, we are looking for an experienced professional to help guide our organization’s procurement functions and vendor management strategy.

 

In this role, you will support the strategic objectives of Commonwealth’s operational structure by organizing, maintaining, processing, and overseeing the third-party procurement lifecycle—from sourcing to offboarding. By working closely with our vendors and internal relationship owners, you will help ensure a smooth and transparent procurement and contracting process. 

 

Key Responsibilities

  • Identifying opportunities for cost savings, efficiency gains, improvements, and value
  • Recommending and implementing policy and process changes as appropriate
  • Gathering business unit requirements, completing and distributing RFP and RFI requests, evaluating third-party responses, and facilitating service discussions and selections
  • Generating agreements for goods and service purchases (i.e., NDAs, MSAs, SLSAs, consulting, large-scale IT, hospitality agreements)
  • Verifying supplier accountability (i.e., performance metrics, SLAs, other due diligence)
  • Aiding internal vendor relationship owners with negotiations for contract cost, scope, and strategic sourcing, including risk remediation language
  • Ensuring contractual compliance with applicable regulations and laws (i.e., FINRA, SEC, OCC)
  • Fostering collaborative working relationships with internal and external clients
  • Resolving supplier contract disputes and issues with internal relationship owners
  • Assisting with vendor management training to educate stakeholders

Core Strengths

  • Ability to meet critical deadlines and produce quality work through strategic sourcing
  • Strong verbal and written communications skills
  • Solid project management and organizational skills (i.e., attention to detail, ability to manage multiple projects)
  • Positive and energetic team player with strong cross-functional team experience
  • Proficient PC skills, including MS Office products, procurement, and purchase-to-pay tools

Additional Skills and Knowledge

  • Bachelor’s degree required, JD or MBA preferred
  • 3+ years of procurement or vendor management experience
  • Strong experience with contract and procurement lifecycle management tools

Have we piqued your curiosity? Can you see yourself thriving in this opportunity? Let’s introduce ourselves. 

 

Picture Yourself Here

Imagine keeping company with big thinkers and even bigger doers who share a common purpose to make a profound difference. Figure in an experience-it-to-believe-it culture, massive growth potential, and benefits galore, and you get the full impression. 

 

We are committed to providing a supportive, equitable environment where you can bring your full, authentic self to your work every day and truly thrive in meaningful ways—personally and professionally. At Commonwealth, everyone plays a part in our success story. And in building a more diverse and inclusive workplace, we are broadening our perspectives and capabilities. Together, our potential is limitless. We invite you to join us on the path to a brighter future!

 

About Commonwealth

Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser, provides a suite of business solutions that empowers more than 2,000 independent financial advisors nationwide. J.D. Power ranks Commonwealth “#1 in Independent Advisor Satisfaction Among Financial Investment Firms, Eight Times in a Row.” Privately held since 1979, the firm has headquarters in Waltham, Massachusetts, and San Diego, California.

 

Turning our advisors into raving fans starts by doing the same for our employees. We foster an environment of excellence, growth, rewards, and fun in equal measure, so our employees genuinely enjoy coming to work. Our refreshing workplace culture has earned us 43 Best Place to Work awards—and counting. 

 

The Fine Print

We care about your online safety as a prospective employee and encourage you to exercise caution when responding to job postings online. Commonwealth will never ask potential hiring candidates to pay or transfer funds as a precondition of interviews or employment, nor will we authorize recruiters or agents to do so on our behalf.

 

Commonwealth is an equal opportunity employer, making intentional efforts to source the very best talent from all backgrounds.

 

 

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