Procurement Specialist
The Procurement Specialist is responsible for driving savings and implementing contractual protections for the company. Tasks include leading sourcing events as well as facilitating the contracting and procurement processes. A solid knowledge of all aspects of the sourcing, contracting and procurement processes is required. The position is expected to work with key internal and external stakeholders to gather requirements, conduct spend analyses, perform market and supplier analysis, facilitate the bid / proposal process, develop and use supplier evaluation criteria, conduct negotiations, formulate purchase orders and contract documents, manage invoicing exceptions, and manage supplier performance including issue resolution. This position will also coordinate with internal customers to create sourcing strategies that deliver quantifiable savings.
Key Accountabilities
Contracting & Procurement
- Draft and negotiate contracts, SOWs, etc. in Vistra's contracting tool, including managing the redlining process
- Facilitate internal stakeholder & legal review, resolving non-standard contract terms
- Manage contract documents on an ongoing basis contract expirations, renewals, amendments, terminations, etc.
- Maintain accurate contract data in contracting and purchasing tools
- Support PO creation and resolution of invoicing exceptions and guide buyers as needed
- Support of emergent procurement needs during after-hours / weekends / holidays on a rotating basis
Sourcing
Lead sourcing events (bids, RFIs, RFPs) across categoriesAnalyze spend and bids and develop cost savings estimatesWork with key stakeholders and Category Managers to gather business and technical requirements (scope of work)Drive supplier selection process using score cards & assessing total cost of ownershipSupport and promote Vistra's supplier diversity programIncorporate safety into daily work ethic and buying decision processCategory Management
Team with Category Manager on strategies and contracting needsEducation, Experience & Skill Requirements
5 years of contracting / sourcing or other related experienceOperational business knowledge, with understanding of sourcing, procurement, contracting and supplier management processDemonstrated ability to conduct the sourcing process including preparation activities & running e-sourcing eventsDemonstrated problem-solving and strong analytical skillsEnthusiasm for driving optimum business outcomesStrong written and oral communication; ability to persuade othersDemonstrated strong understanding of common contract Terms & Conditions, including practical and risk impacts of those termsExperienced in negotiation preparation and tacticsIntermediate Microsoft office capabilities (Excel, Word)Ability to work with and manage confidential informationExperience gained through college degree programs and / or certifications is applicable to above skills (CPM, CPSM, JD)If you currently work for Vistra or its subsidiaries, please apply via the internal career site. It is the policy of the Company to comply with all employment laws and to afford equal employment opportunity to individuals in all aspects of employment, including in selection for job opportunities, without regard to race, color, religion, sex, sexual orientation, gender identity, pregnancy, national origin, age, disability, genetic information, military service, protected veteran status, or any other consideration protected by federal, state or local laws.