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EXL

Analyzes business data and runs outsourced operations

Sourcing Lead

Procurement & SourcingConfirmed live in the last 24 hours
Full-timeJersey City, NJ, USANo salary listed

About the Job

Requirements

  • A bachelor's degree is required.
  • At least 5 years of sourcing or procurement experience focused on the relevant area is required.
  • Experience as a Sourcing Specialist, Procurement Specialist, or in a similar role is required.
  • Strong knowledge of strategic sourcing methodologies, procurement best practices, and supplier management is required.
  • Excellent verbal and written communication skills are required.
  • Project management, business analysis, and process analysis skills are required.
  • Working knowledge of SAP Ariba, primarily in Sourcing and Contract workspace, is required.
  • Strong organizational skills, attention to detail, and the ability to manage multiple priorities are required.

Responsibilities

  • Manage the end-to-end sourcing cycle, understand business needs, conduct vendor research to identify potential participants, and progress contracts through signature.
  • Develop and execute sourcing strategies for technology and services categories.
  • Develop and publish requests for proposal in Ariba.
  • Conduct market research and analysis to identify potential suppliers, evaluate their capabilities, and gather market intelligence to support decision-making.
  • Lead supplier selection and qualification processes, including issuing requests for information and requests for proposal, conducting supplier evaluations, and negotiating with suppliers.
  • Collaborate with internal stakeholders to understand their requirements and ensure the sourcing strategy meets their needs.
  • Negotiate contracts, terms, and pricing with suppliers, including master service agreements and statements of work, to secure favorable agreements, optimize value, and mitigate risks.
  • Manage project plans for assigned sourcing requests from requirements gathering through contracting.
  • Liaise with legal teams, business stakeholders, and suppliers to finalize contracts.
  • Document and analyze supplier responses to ensure they contain valid and detailed information.
  • Coordinate with business stakeholders, procurement, and suppliers to arrange meetings, presentations, and other sessions.
  • Coordinate with business stakeholders, the procurement team, and suppliers to ensure timely completion of tasks related to sourcing events, nondisclosure agreement management, and contracting.
  • Maintain project plans and trackers for requests and sourcing events, including timely reporting to stakeholders.

Desired Qualifications

  • Professional certifications such as Certified Professional in Supply Management or Project Management Professional certification are a plus.

About the Company

EXL

Analyzes business data and runs outsourced operations

EXL analyzes business data and runs outsourced operations for insurers, healthcare payers, banks, retailers, and other large organizations. Its teams combine industry expertise with data engineering and AI to handle tasks such as claims processing, payment reviews, customer service, and finance within existing technology environments. The company also builds software, including LifePRO, which manages insurance policies, and EXLdata.ai, which connects fragmented data for use in AI systems. Clients pay for consulting projects, ongoing managed services, and software delivered through the cloud. EXL was founded in 1999 and is headquartered in New York City.

Company size
10,001+
Company stage
IPO
Headquarters
New York City, New York
Founded
1999

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