Sr. Sourcing Analyst

Company Description

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid. 

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa. 

Job Description

Visa U.S.A. Inc, a Visa Inc. company, needs a Sr. Sourcing Analyst (multiple openings) in Austin, TX to

• Maximize the value and minimize the risk associated with contracts and procurement-related activities.
• Prepare purchase orders, solicit bid proposals, and/or review requisitions for materials, products, and services.
• Guide internal business partners through the daily activities within the contract and purchasing processes and procure corporate/facilities, employee/human resources, and professional services while ensuring adherence to compliance regulations in accordance with Global Sourcing and Procurement policies and procedures.
• Engage and establish business partnerships with cross-functional leadership across Visa to collaborate, influence, and support sourcing strategies.
• Buy the highest quality materials, products, and services at the lowest cost.
• Consider price, quality, availability, reliability, and/or technical support when choosing suppliers.
• Negotiate, renegotiate, and administer contracts with suppliers, vendors, and/or other representatives.
• Create, write, negotiate, and review highly specialized CEP contracts.
• Work with internal business partners to establish agreements that reflect the interests of the company.
• Act as primary liaison to Legal and work with legal counsel and other stakeholders to negotiate terms and conditions of the contracts.
• Purchase the highest quality materials, products, and services at the lowest possible price and in correct amounts.
• Research and evaluate suppliers, based on price, quality, selection, service, support, availability, reliability, production and distribution capabilities, and the supplier's reputation and history.
• Work directly with suppliers and vendors to obtain materials, products, and services through preparation and administration of specialized Statements of Work/Quotes to validate favorable terms on quality, delivery and price and ensure end-user needs are met on a consistent basis.
• Formulate policies and procedures for bid proposals and/or procurement of materials, products, and services.
• Review and approve contracts in accordance with advanced Global Sourcing policies, procedures and standard terms and conditions.
• Evaluate and monitor contract performance to ensure compliance with contractual obligations and to determine need for changes.
• Ensure contract accuracy and rewrite or amend as necessary.
• Position reports to the Austin, Texas office and may allow for partial telecommuting.

Qualifications

Basic Qualifications:

• Bachelor's degree in Sourcing and Procurement, Management or related field, followed by 5 years of progressive, post-baccalaureate experience in the job offered or in a sourcing analyst-related occupation
• Alternatively, employer will accept a Master’s degree in Sourcing and Procurement, Management or related field and 2 years of experience in the job offered or in a sourcing analyst-related occupation.
• Procurement policies and procedures and their application to the processing of center transactions;
• Processing purchase requisitions, processing purchase orders, executing bidding for transactions, and conducting RFPs;
• Contract negotiation and drafting;
• Sourcing process, including internal approvals, risk assessments, process adherence scoring, new supplier onboarding, and data maintenance; and
• Proficiency in purchasing systems and organizational interfaces including Ariba, Coupa, DocuSign, and Oracle.

Additional Information

Worksite: Austin, TX

This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office 2-3 set days a week (determined by leadership/site), with a general guidepost of being in the office 50% or more of the time based on business needs.

Travel Requirements: This position does not require travel.

Mental/Physical Requirements: This position will be performed in an office setting.  The position will require the incumb