Strategic Sourcing Analyst

Elastic the Search AI Company enables everyone to find the answers they need in real time using all their data at scale unleashing the potential of businesses and people. The Elastic Search AI Platform used by more than 50% of the Fortune 500 brings together the precision of search and the intelligence of AI to enable everyone to accelerate the results that matter. By taking advantage of all structured and unstructured data securing and protecting private information more effectively Elastics complete cloud-based solutions for search security and observability help organizations deliver on the promise of AI.

The Analyst Strategic Sourcing is an individual contributor role and will report to the Senior Manager Strategic Sourcing in India. The Analyst will work closely with the Global Sourcing and Procurement teams in India and North America. You will be responsible for leading procurement data analytics reporting and system administration for various procurement tools.

• Review Corporate Services and Marketing & Events contracts in close collaboration with Legal Cross-functional Team and Sourcing leads ensuring agreements align with business needs and risk frameworks. Youll partner with in-house counsel to navigate complex terms and secure appropriate approvals.
• Create RFP/RFI Vendor negotiations across a range of Non Technology services.
• Manage <$100k deals and tail spend.
• Review summarize and analyze data and present findings in a concise and structured manner. Execute and distribute procurement spend reports according to predefined monthly or quarterly reporting schedules.
• Create and communicate critical metrics reports on a regular basis based on a defined list of critical metrics (Cost Savings Procurement Influence Payment Terms etc.)
• Support Sourcing Strategy and procurement optimization processes by providing data insights and recommendations. Perform procurement analytics to deliver useful insights to larger procurement team to enable significant business impact
• Collaborate with cross-functional teams (Finance Sourcing P2P etc.) to gather monthly and quarterly data for analysis.
• Bring analytical and conceptual skills linking issue resolution to process improvement.
• Conduct training on analytical tools and dashboards as needed.
• Build strong relationships with business collaborators and cross-functional partners.
• Update/maintain various procurement tools and system configurations as needed.
• Collaborate with IT and various other departments to efficiently manage the procurement systems as needed.
• Lead implementation efforts for any new tools and/or features of existing tools as needed.

• Bachelors or masters degree in business or finance/accounting or equivalent.
• 3 to 5 years work experience in Sourcing & Procurement Contracts Review including finance data analysis.
• Strong ability to collect and interpret data identify and communicate potential opportunities and risks.
• Strong data analytics and report building skills.
• Prior experience in the latest tools will be considered an asset - Workday Procurement Omnea Coupa NetSuite Tableau CLM G Suite et cetera.
• Willingness to learn new technologies in procurement data analytics.
• Project management (including change management) experience and skills.
• Strong communication influencing negotiation and conflict resolution skills.
• Possess high integrity combined with good judgement with the ability to identify recommend and select the best overall solution.
• Strong ability to develop and manage relationships with key business partners and suppliers.
• Proactive a self-starter with a positive can-do attitude. Must be willing to work on ones own initiative and must be focused on achieving goals.
• Work hours - EMEA shift (1pm to 10pm IST) aligning with North America time zones overlap including flexibility in work times to support all other global time zones when needed.