Strategic Sourcing and Contracting Analyst III (Hybrid Work Schedule)

Title: Strategic Sourcing and Contracting Analyst III (Hybrid Work Schedule)

State Role Title: Salary Non-Specified

Hiring Range: $83,509 - $110,000

Pay Band: UG

Agency: Virginia Retirement System

Location: Virginia Retirement System

Agency Website: www.varetire.org/careers

Recruitment Type: General Public - G

The Virginia Retirement System (VRS) is seeking an experienced Strategic Sourcing and Contract Analyst III to support the delivery of retirement and related benefits for Virginia’s public sector employees. Under the direction of the Director of Procurement, this position serves as a technical resource responsible for managing the full-cycle procurement process for complex contractual and non-contractual goods and services, while ensuring compliance with all applicable federal and state laws, regulations, policies, and procedures.

Job Duties

• Independently determines the appropriate procurement method consulting with the Director on complex or high risk matters as needed for alignment.
• Leads and manage end-to-end strategic sourcing initiatives, including market analysis, supplier identification, RFx development, evaluation, and award recommendations.
• Partners with internal stakeholders to align strategic sourcing strategies with organizational goals.
• Provides technical expertise and guidance to stakeholders on existing and potential supplier base, sourcing strategies, contracting, and purchasing requests; development, preparation, interpretation, and revision of specifications for the procurement and/or lease of materials, equipment, and services.
• Performs research on sources of supply, determining the availability of existing public contracts to satisfy user requirements.
• Conducts and manages the pre-bid/proposal conference, evaluates bids/proposals for compliance with solicitation requirements and documents the process used to ensure all phases are completed consistent with the Virginia Public Procurement Act and VRS policy.
• Develops, reviews, modifies and approves specifications and/or scopes of work for solicitations, SOWs, and/or contracts.
• Uses various procurement methods including but limited to competitive bidding, competition negotiation, sole source and cooperative procurement.
• Uses expert knowledge of the procurement evaluation and selection process and manages the process for high value/high risk projects.
• Maintains accurate and complete contracting records in accordance with record retention procedures.
•  Drafts, reviews, negotiates, and administers complex contracts, modifications, and renewals for goods and services
•  Collaborates with the Policy, Planning and Compliance team to identify risks, address issues, and recommend contract changes.
• Identifies and determines appropriate and applicable terms and conditions for purchase of goods and/or services.
• Maintains contract life cycle management, including key terms, obligations, and expirations to ensure the agency is receiving the full value of the contract.
• Tracks and maintains reports and metrics on sourcing activities, savings, supplier performance, and contract status.
• Recommends revisions to policies, procedures and standard business practices to enhance the effectiveness and efficiency of department operations.
• Assists with training new and existing Procurement team members.
• Creates, maintains and presents reports on Procurement matters.
• Manages competitive procurement processes, formal and informal, in compliance with Federal, State and VRS policy and the Virginia Public Procurement Act.
• Maintains working knowledge of the Virginia electronic procurement system (eVA) and the Virginia Information Technology Agency (VITA) purchasing procedures.
• Maintains thorough knowledge of public procurement laws, best practices, policies and procedures including the Virginia Public Procurement Act, contract law, complex contract administration and management and the Agency Public Surplus and Property Manual (APSPM).
• Creates and delivers internal Procurement training to educate on procurement policies, procedures and processes as requested.
• Completes other duties and projects assigned.

Minimum Qualifications

Preferred: Bachelor’s degree from an accredited college or university.

Four (4) years of progressively responsible complex procurement experience including the use of Competitive Negotiation (RFP), Competitive Sealed Bidding (IFB), Sole Source proc