Senior Sourcing Analyst, IT Procurement

Senior Analyst, IT Strategic Sourcing & Category Management

CVS Health's Enterprise Procurement department, a key function within the company's Global Business Services organization, is in search of a Senior Analyst to join the IT Strategic Sourcing & Category Management team. In this role, you will be responsible for leading the execution of complex, high-impact RFx events for indirect products and services within the software, infrastructure, Cloud / SaaS and Healthcare Platform categories.

In addition to managing large sourcing events, this role will also be responsible for supporting the category managers and lead director with category strategy and pipeline development. This role reports directly to the Lead Director IT Strategic Sourcing & Category Management and will work in a team environment that provides support and guidance to ensure that Enterprise Procurement is effectively serving its internal stakeholders.

The Strategic Sourcing team manages over $10B in annual indirect spend across a range of IT and non-IT categories that support key business units across the enterprise (Retail, PBM, Insurance, Specialty / Clinical, etc.). As a Senior Analyst on the Sourcing team, you should have an enterprise mindset, possess an entrepreneurial self-starting mentality, and be a strong communicator who is able to establish lasting relationships with business leaders as well as internal and external stakeholders.

Key Responsibilities :

• Execute and lead a variety of complex, high-value sourcing events in support of category
• Provide analytical support to category leaders on RFx events and major initiatives
• Support category management activities (expiring contract review, pipeline development, opportunity assessment, etc.)
• Provide project management and communication support to category leaders (project tracking, meeting minutes, etc.)
• Compile scope of work and requirements, analyze and evaluate vendor proposals, and negotiate final commercial terms
• Conduct market research that supports negotiation strategies and award decisions for each sourcing event
• Develop and confidently present analysis - both quantitative and qualitative - to Procurement and Business leadership to obtain approval to award business
• Effectively communicate and demonstrate Strategic Sourcing's value proposition to internal business partners / stakeholders

This is a hybrid role that will require the selected candidate to be in-office at the corporate headquarters in either Hartford, CT, Woonsocket, RI, or Buffalo Grove, IL 2x per week on Tuesdays and Wednesdays.

Required Qualifications :

Preferred Qualifications :

Education :

Anticipated Weekly Hours : 40

Time Type : Full time

Pay Range : The typical pay range for this role is : $46,988.00 - $112,200.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.

No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.

Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.