Sr. Sourcing Specialist

We invite you to explore a future with us at PRA Group, a diverse and growing company that has a tangible impact on the global economy.

Position Summary: 

Sourcing (Procurement) responsibility for a broad range of spend categories (e.g. HR, Finance, Facilities, IT, Analytics) and developing category sourcing plans. The position requires cross -functional collaboration across PRA Group’s US business in the development of request for proposals, contract negotiations, administration and leadership of the sourcing and supplier/vendor selection process. In conjunction with key stakeholders develop the business case surrounding the opportunity/need for supplier engagement. Identifying key business requirements; lead supplier identification, evaluation, price negotiation and contracting for new supplier spend and for renewals with existing suppliers; and communicate relevant financial and procurement information to support approvals to spend and pay suppliers.

HYBRID - Onsite 3-days/week at our Norfolk, VA Headquarters

Key Responsibilities (other duties may be assigned):

• Conducts Category spend analysis as needed to identify areas of spend deficiency
• Leads planning and acquisition projects for assigned business units (i.e. HR - Temp Agency, Consulting and Benefits Admin.; or Finance - Consulting, Tax and Audit Services; or Facilities - Security, Building Maintenance) in accordance with policy and procedure.
• Identifies savings and service opportunities, including potential efficiency gains
• Manage the RFI/RFP process or vendor selection and lead price negotiations.
• Collaborates with Vendor Relationship Owners (VROs) to develop the appropriate statements of work and business requirements to ensure accurate and effective contracts are produced
• Ensures completion of the appropriate compliance documentation (e.g. OFAC searches, Due Diligence Questionnaires and IT Assessment Documents) in accordance with policy and procedure
• Support/Facilitate approval to spend and PO process.
• Collaborates with the Office of General Counsel to ensure market optimal terms and conditions and statements of work/service level agreements reflect negotiated business requirements, in accordance with policy and procedure
• In partnership with key stakeholders (VRO or executive) ensures assets are protected and services are terminated and/or transitioned to a new supplier.

Professional Experience/Qualifications:

• Bachelor’s degree required; and/or Strategic Sourcing Certification (CPSM)
• Minimum 6+ years of related sourcing work experience in various spend categories.
• Demonstrated experience leading RFP’s and negotiating, high dollar service agreements and/or managing strategic vendors.
• In-depth knowledge of contract types, sourcing methods and procedures, performance incentives and procurement tools.
• Highly effective interpersonal and technical skills.
• Strong business acumen and communication skills.
• Strong project management skills.
• Strong track record in meeting cost reduction targets.
• Strong Business Acumen
• Effective Networking and Relationship building skills.
• Willingness to assume responsibility.
• Strong communication and listening skills to ensure mutual understanding.
• Strong Analytical Skills

All qualified applicants will receive consideration for employment regardless of age, race, color, sex, gender, religion, national origin, physical or mental disability, citizenship, or any other classes recognized by state or local law or any other characteristic protected under applicable federal, state or local law. We are a drug free workplace.