Senior Consultant

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.  

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Summary:

The Sr. Consultant on the Procurement Demand Management team is responsible for partnering with Global Procurement, the Business Units, and Finance to attain expense reductions through business unit sponsored initiatives, negotiated savings, post sourcing savings, financial analysis and continuous process improvements.

Major Duties:

• Partners with category managers, product managers, business partners, and technical staff to understand requirements and various levels of complexity.
• In addition to interacting with multiple business partners, the role requires interacting with suppliers to develop category sourcing strategies and overall supplier relationship(s).
• Provide coaching, guidance and mentorship to other team members
• Plan and coordinate ongoing supplier strategic relationship reviews
• Develops category sourcing strategies and overall supplier relationship(s); providing input to pricing discussions
• The Sr. Consultant will review and assess contracts, sourcing plans, demand, usage, and forecasting to create financial models.
• Leads the collection and analysis of data, and may assist pricing discussions & negotiations.
• Review reports and analyze to determine impacts, issues, and opportunities. Provide KPIs and metrics.
• Responsible for creating and measuring value for the sourcing process and analytics.
• Plan and identifies improvements to existing processes to further gain operational efficiency and productivity.
• Lead meetings in conjunction with Global Procurement and Corporate & Shared Services Finance team to analyze and review supplier spend
• Plan and execute special projects and/or process improvement initiatives
• Develop, present, ad-hoc products
• Serve as the point of contact for specific supplier relationships, across multiple business units and service areas
• Creates suggestions for improvements of global policies, programs and processes
• Carries out activities with financial, vendor, and/or internal business impact

Knowledge/ Skills & Qualifications required

• Prior experience with Financial Analysis (planning, forecasting, projections). Strong analytical, numerical and reasoning skills
• Strong technical knowledge of business tools and applications (i. e. Business Intelligence, Financial tools, MS Office 365)
• Ability to lead others. Uses expertise to provide guidance to others as a project manager or consultant.
• Uses prescribed guidelines or policies in analyzing situations. Provides a moderate level of guidance and direction.
• Works on projects and develops project leadership skills
• Solves problems in straightforward situations
• Analyzes possible solutions using technical experience and judgment and precedents
• Impacts quality of own work and the work of others on the team
• Excellent oral and written communication skills are required
• Highly flexible and adaptable to change
• Strong understanding of process and process improvement
• Approachable and able to promote teamwork through creative solutions
• Requires expanded conceptual knowledge in own job discipline
• Understands key business drivers; uses this understanding to accomplish own work
• Explains complex information to others in straightforward situations
• Continues to build knowledge of the company, processes and clients.

Experience

• A College or University degree in Business, Accounting, Finance and seven+ years relevant work experience. Knowledge of Sourcing or Procurement is a plus.
• Financial analysis and modeling experience required
• Ideal candidate should have a Finance almost forensic accounting type work experience that has analytics and metrics as key responsibilities.
• Professional certifications are a plus.

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us: 

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater 

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected].

 
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.