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Who we are:
Shape a brighter financial future with us.
Together with our members, we’re changing the way people think about and interact with personal finance.
We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.
IT, Strategic Sourcing Specialist
We are seeking a motivated and developing Strategic Sourcing Specialist with a growing understanding of IT procurement and vendor relationship management. The Strategic Sourcing Specialist of IT will support the procurement of IT products and services from external vendors, contributing to the organization's efforts to obtain good value while maintaining quality standards and adhering to contractual agreements. The ideal candidate should possess excellent time management skills, a foundational understanding of IT technologies and trends, and a willingness to learn and grow in vendor management, especially around contract negotiation.
Responsibilities:
- Vendor Identification and Support: Conduct research to identify potential IT vendors that align with the organization's basic needs and objectives, with guidance from senior team members.
- Proposal Evaluation Support: Assist in the evaluation of vendor proposals, product offerings, and capabilities to contribute to informed decision-making.
- Contract Assistance: Support the development and negotiation of IT vendor contracts in collaboration with legal and procurement teams, learning about favorable terms, service level agreements (SLAs), and cost structures.
- Contract Monitoring Support: Assist in monitoring contract compliance and escalate any potential discrepancies or issues to senior team members.
- Performance Monitoring Support: Support the establishment of key performance indicators (KPIs) to help measure vendor performance and service quality.
- Performance Assessment Assistance: Assist in the regular assessment of vendor performance against established KPIs and escalate any concerns to senior team members.
- Relationship Support: Foster positive working relationships with IT vendors and IT stakeholders, acting as a point of contact for basic inquiries and escalating issues as needed.
- Meeting Participation: Participate in vendor meetings, performance reviews, and business updates to learn about communication and collaboration.
- Risk Awareness: Identify potential risks related to IT vendors and escalate them to senior team members for mitigation strategy development.
- Budget and Cost Awareness: Work with finance and procurement teams to understand and support IT vendor budgets. Support efforts to optimize vendor spending while maintaining quality, under the guidance of senior team members.
- Technology Awareness: Develop an understanding of the latest IT trends, innovations, and emerging technologies to support informed vendor selection and decision-making processes.
- Vendor Diversity Awareness: Support diversity and inclusion efforts by learning about and identifying potential vendors from underrepresented groups in the IT industry.
Requirements:
- Bachelor's degree in Business, IT, or a related field.
- 2+ years related experience in a procurement, vendor management, or IT-related role is a plus.
- Basic understanding of IT products, services, and solutions, with a willingness to learn complex technical concepts.
- Demonstrated development of negotiation and communication skills.
- Ability to support the management of multiple vendors and contracts with guidance.
- Demonstrated development of analytical and problem-solving capabilities.
- Understanding of contract management principles.
- Awareness of risk assessment concepts in vendor management.
- Ability to work collaboratively with cross-functional teams, including IT, finance, legal, and operations, with guidance.
What the Team is Saying
What We Do
SoFi wasn’t built to be a bank. Or a technology company. We were built for one mission: help people achieve financial independence so they can realize their ambitions. Redefining an entire industry isn’t easy work—and it’s not for the faint of heart. It takes a certain kind of team. People with diverse perspectives and expertise, united by a common sense of purpose. People willing to challenge assumptions but always do the right thing. People proving that innovation and responsibility don’t have to compete, but can come together to create something truly unconventional in the world. For the last eight years, we’ve been charting this new path forward. We call it The SoFi Way. At SoFi, we don’t just talk about culture: we live it. The SoFi Way is how we show up every day, how we make decisions, and how we build for our members, clients, and each other.
Why Work With Us
Together with our members, we’re changing the way people think about and interact with personal finance. We’re a next-generation Fintech company using innovative, mobile-first technology to help our members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront.
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