Functional Area : CS - Corporate Services Estimated Travel Percentage (%) : No Travel Relocation Provided : Yes AIG ANALYTICS & SERVICES PRIVATE LIMITED Sourcing Associate JD19 Position Description The Sourcing Associate will be responsible for sourcing third party suppliers, according to corporate policies and procedures.
Sourcing Associate will thoroughly diagnose client business needs, collaborate with legal counsel, and support contract negotiations that maximize customer value while mitigating risk.
Sourcing Associate will draft term sheets which incorporate all negotiated business terms to assist legal counsel in drafting documents which appropriately document agreed upon business terms such as deliverables, pricing, SLAs, specifications, etc.
Generally involves independent judgment and analysis of significant issue identification and resolution. Key responsibilities and job duties include :
Close collaboration with client business stakeholders to secure a thorough understanding of client business needs for the supplier relationship.
Lead negotiation of business requirements for routine through complex vendor engagements
Review and preparation of terms sheets which incorporate all agreed upon business terms
Collaborate with Category / Sourcing Managers on negotiation strategy
Perform in depth analysis of existing contracts or proposed contract amendments against client business needs, draw conclusions, prepare comprehensive summaries, and present back to the client in a concise manner
Coach colleagues, transfer knowledge, and develop team members to be more effective in their current roles
Other duties as assigned . Position Requirements Our ideal candidate will have the following skills and experience :
Ability to draft documents which describe negotiated and agreed upon business terms with third party vendors to assist legal counsel in drafting final vendor agreements
Comprehensive knowledge of typical corporate policies and procedures, coupled with ability to identify required improvement to established policies and to communicate implementation procedures to others
Expert knowledge of purchasing contracting concepts and processes, including deep understanding of contract business terms and working knowledge of contract legal terms.
Strong analytical, collaboration and communication skills
Use of independent judgment and creativity applied to resolution of contract issues
Excellent internal and external negotiation skills
Strong customer service orientation including demonstrated issue resolution and relationship management skills
Ability to quickly master AIG contracting processes, terminology, political environment, systems and unique requirements by various business groups
Solid decision making ability using available facts in sensitive client situations
Mastery of various project documentation and tracking systems Required Education and Experience
Bachelor’s Degree or equivalent work experience is preferred
Minimum 5 years’ experience with responsibility for sourcing and / or negotiating agreements on a regional scale Language : Advance English written and speaking Work Hours : US Central Standard Time Extensive knowledge of Ariba will be added advantage. Education
BA / B.Com or MBA in field related to finance, accounting, auditing, compliance. It has been and will continue to be the policy of American International Group, Inc.
its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
At AIG, we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation, growth, and profitability.
Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.