Associate Specialist, Procurement - Contingent Labor

Northern Trust
Chicago
Workplace: OnsiteFull timeUSD 95,600 - 162,400 annuallyFunction: Procurement & SourcingExperience: 5+ yearsEducation: bachelorsSkills: ["Negotiation","Communication","Presentation","Time management","Project management","Detail-oriented","Cross-functional collaboration","Independent analysis"]

Own end-to-end contingent labor category management and strategic sourcing for outsourced/technology services, partnering with technology teams across the US, UK, and APAC. Analyze industry and vendor trends, run competitive bidding processes (RFx, eAuctions), and negotiate commercial terms including SOWs and MSAs. Lead forecasting and contracting efforts that support enterprise-scale demand, drive vendor performance improvements, and act as a subject matter expert.

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FursaFursa
Northern Trust
Northern Trust
1 month ago

Associate Specialist, Procurement - Contingent Labor

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Last checked: 12 hours agoStatus: Live

Job Summary

Own end-to-end contingent labor category management and strategic sourcing for outsourced/technology services, partnering with technology teams across the US, UK, and APAC. Analyze industry and vendor trends, run competitive bidding processes (RFx, eAuctions), and negotiate commercial terms including SOWs and MSAs. Lead forecasting and contracting efforts that support enterprise-scale demand, drive vendor performance improvements, and act as a subject matter expert.
Location: Chicago
Workplace: Onsite
Employment Type: Full time
Job Function: Procurement & Sourcing
Seniority: Mid level

Key Responsibilities

  • •Manage contingent labor category activities.
  • •Collaborate with technology partners to develop and execute sourcing and procurement strategies.
  • •Analyze industry and vendor data/trends and recommend insights, trade-offs, and risks.
  • •Collect requirements and lead competitive bidding processes (RFx, eAuctions).
  • •Negotiate commercial arrangements, SOWs, and MSAs; support forecasting/planning and vendor quality improvements.

Pay and Benefits

Salary: USD 95,600 - 162,400 annually
Equity and Bonus:Equity
Perks:401kPensionHealth InsuranceDentalVisionPaid LeaveParental LeaveCaregiver LeaveLife InsuranceDisability Insurance

Key Requirements

  • •Bachelor’s degree in Business, Supply Chain Management, or Finance (MBA preferred).
  • •5+ years of relevant procurement category management experience, with strong emphasis on contingent labor/professional services.
  • •Experience with vendor management systems (VMS) such as Beeline and working with a Managed Service Provider (MSP).
  • •Understanding of procurement best practices and advanced negotiation skills.
  • •Experience with sourcing/procurement applications such as Coupa, Workday, PeopleSoft ERP, plus MS Office Suite and advanced Excel.
Experience:5+ yearsProcurementCategory managementContingent laborProfessional servicesOutsourcing servicesTechnology services
Education:Bachelor's in Business, Supply Chain Management or Finance
Skills:NegotiationCommunicationPresentationTime managementProject managementDetail-orientedCross-functional collaborationIndependent analysis
Tech Stack:BeelineCoupaWorkdayPeopleSoftMS Office SuiteExcelRFxEAuctions

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Northern Trust
Global financial services firm providing wealth management, asset servicing, asset management, and banking solutions to institutions, corporations, and affluent individuals, with a focus on custody, investment management, and technology-driven services.
Industry: Asset Management
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Chicago, United States
Founded: 1889
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Glassdoor: 3.9
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