Sr. Sourcing Analyst - Corporate Services

What is The Role

As Sr. Analyst, Strategic Sourcing you will be responsible for global sourcing of specified categories as well as strategic thought leadership in building the sourcing and procurement function in Elastic. You will thrive in navigating ambiguity, adapt quickly to a changing environment, taking a global view, being data driven and have a passion for optimizing process and structure. You balance critical, long-term thinking about how we scale the function with hands-on delivery to ensure what needs to happen today gets done. We’re looking for people with strong influencing skills who are effective collaborating with multiple teams and building strong relationships with stakeholders.

You will lead global sourcing activities associated with selected corporate services and marketing spend categories, including supplier strategy development and coordination of activities to ensure that cost and value-added requirements are met. You will be expected to drive projects in all aspects of the sourcing process, from category assessment, cost savings opportunities, vendor due diligence, RFx, contract negotiations, and vendor management. Business services spend categories include but are not limited to, Professional Services, Financial and Legal Services, Recruitment Agencies, Facilities, CAPEX, Benefits, and various Human Resources categories.

What You Will Be Doing

• Building and enhancing relationships with key stakeholders within the Finance, Legal, HR, Workplaces and Sales departments to develop sourcing strategies to meet their requirements
• Collaborating with Finance and Planning counterparts to proactively monitor and evaluate strategic sourcing opportunities and help drive planning and budgeting processes
• Performing spend, market, and vendor analytical research, and communicating these findings to senior leaders to help drive decision making including maintenance of a preferred vendor database.
• Reviewing Master Service Agreements, Order Forms, and SOWs to ensure Elastic receives great commercial value and optimizes its legal position within the applicable contract. This includes escalating any off-playbook clauses to an Elastic Attorney when needed.
• Capturing product and service specifications from business owners for RFx activities and vendor business reviews
• Leading the development of award scenarios and recommendations for stakeholder evaluation, consideration and decision-making
• Objectives may include savings, process effectiveness, supplier consolidation & management, risk reduction & management, improved visibility & control of expenditures
• Supporting internal Business Partners by facilitating accurate and favorable transactions, and on-going supplier management and accountability
• Managing and developing vendor relationships; leveraging vendors as a source of innovation and growth
• Helping to build sourcing and procurement process and enabling the associated sourcing and procurement tools
• Communicating with Business Partners, coworkers and management in a clear, concise and timely manner
• Coaching and mentoring your team to help you facilitate all the activities within your role

What You Bring

• Bachelor's or Master Degree or equivalent plus 4 to 8 years relevant experience working in Sourcing with a strong focus on business & corporate services spend categories.
• Experience working with a team located globally (i.e. India, US, Canada, Europe, etc.).
• Strong contract management skills and the ability to understand and negotiate master service agreements, order forms, SOWs, and various other legal documentation.
• Strong communication, relationship building, influencing, persuasion, negotiation, presentation, conflict resolution and business analysis skills.
• Possess high integrity combined with good business acumen, with the ability to identify, recommend and select the best overall solution.
• This is a global position and will require some limited travel.
• Be a self-starter with a positive, can-do attitude. Must be willing to work on one’s own initiative and must be focused on achieving goals.