Procurement Analyst (Strategic Sourcing, Contract Negotiation, Spend Analysis)

At Franklin Templeton, we’re driving our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we offer opportunities not only to help you reach your potential but also to contribute to our clients’ achievements.

Come join us in delivering better outcomes for our clients around the world!

What is the Enterprise Vendor Management group responsible for?

• The Enterprise Vendor Management team supports strategic initiatives and firm-wide objectives through the global management of labor and non-labor vendors for the purpose of delivering high quality vendor products and services to grow our investment management business, while optimizing the total cost of ownership.
  
  

What are the ongoing responsibilities of a Procurement Analyst?

• You will be a part of the Global team covering a multi hundred-million-dollar Technology Spend Portfolio
• You will be with the Global Tech & Business teams to understand their requirements for services, products, and platforms
• You will work on new opportunities, renewals, extensions, buying additional modules, and services
• You will be responsible for completing the assigned sourcing and contracting requests, while ensuring all records are up to date
• You will follow up on requests during various stages and provide regular updates to stakeholders in the business, technology, legal, infosec and data privacy teams
• You will launch and conduct sourcing events and monitor the intake queues for technology products and services requests
• You will be involved in supplier negotiations (including contracts, commercials, sourcing events)
• You will review, comment, and redline contract documents (MSAs, SOWS, EULA, Order Forms & Others.)
• You will partner with Legal to work through conflicting or difficult positions by thinking critically to provide recommendations or alternative options
• You will manage complex high value sourcing projects from time to time, to ensure optimal pricing and mutually favorable contractual terms, while balancing risk and value
• You will build partnerships with key stakeholders and leverage relationships to influence strategic sourcing initiatives.
  
  

What ideal qualifications, skills & experience would help someone to be successful?

• Minimum of 3+ years of experience in Strategic Sourcing, Procurement, and/or Vendor Management with a focus in the Technology category. (Financial services industry experience is preferred)
• Minimum of bachelor’s degree or equivalent experience
• A reasonable understanding of sourcing and contracting principles & methodologies
• Ability to perform data & spend analytics
• Familiarity in reviewing contracts including general contract provisions, redlines, comments, etc.
• Intermediate excel skills (Pivots, Formulas, Queries, Macros)
• Familiarity in creating sourcing events, contract requests, and contract workspaces
• Comfortable in dealing with ambiguity and navigating through situations without clear directions
• Handle multiple, sometimes competing priorities and managing them with a calm, collected approach
• Familiarity with Coupa, Ariba, Ivalua, GEP, OR other S2P application suites is a plus
• Familiarity with data visualization tools (Power BI / Qlik / Tableau) is a plus
  
  

Job Level - Individual Contributor

Work Shift Timings - 2:00 PM – 11:00 PM IST

Experience our welcoming culture and reach your professional and personal potential!

Our culture is shaped by our diverse global workforce and strongly held core values. Regardless of your interests, lifestyle, or background, there’s a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.

Hear more from our employees

By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health, saving for life’s adventures, taking care of your family members, or making a positive impact in your community, we aim to have them covered.

Highlights Of Our Benefits Include

• Professional development growth opportunities through in-house classes and over 150 Web-based training courses
• An educational assistance program to financially help employees seeking continuing education
• Medical, Life and Personal Accident Insurance benefit for employees. Medical insurance also cover employee’s dependents (spouses, children and dependent parents)
• Life insurance for protection of employees’ families
• Personal accident insurance for protection of employees and their families
• Personal loan assistance
• Employee Stock Investment Plan (ESIP)
• 12 weeks Paternity leave
• Onsite fitness center, recreation center, and cafeteria
• Transport facility
• Child day care facility for women employees
• Cricket grounds and gymnasium
• Library
• Health Center with doctor availability
• HDFC ATM on the campus
  
  

Learn more about the wide range of benefits we offer at Franklin Templeton

Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.

Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation or adjustment to search for or apply for one of our positions, please send an email to [email protected]. In your email, please include the accommodation or adjustment you are requesting, the job title, and the job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.