Sourcing Analyst Job at Insight Global, Chicago, IL

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  • Insight Global
  • Chicago, IL

Job Description

Title: Sourcing Analyst

Duration: 6 Month Contract to Hire

Location: Chicago, IL (Hybrid)

Pay Range: $53,000 - $70,000

Job Summary:

The Sourcing Analyst is an entry level role supporting the sourcing team by assisting with supplier research, data analysis, preparation and issuing competitive bids, and negotiating / administering supplier contracts. The ideal candidate is detail-oriented, analytical, organized, ability to handle multiple tasks at the same time. This position is located in our Chicago office, hybrid schedule

Key Responsibilities:

Contract Management

  • Draft, review, and manage supplier contracts, amendments, and renewals in coordination with Legal, Information Security, Privacy and Stakeholders.
  • Review contracts terms and conditions, service levels, and pricing agreements provide redlines and updates as needed.
  • Track contract expiration dates and proactively initiate renewal or pre-sourcing activities.
  • Maintain contract database, ensuring accuracy, completeness of contract entries into Kemper’s contract tool.
  • Assist in resolving contract-related questions or issues with vendors.

Sourcing Support

  • Help prepare and issue Requests for Information (RFI), Requests for Quotation (RFQ), and Requests for Proposal (RFP).
  • Coordinate sourcing activities low to medium complexity proposals (RFPs),
  • Collect and organize bid responses and assist in comparing supplier offers.
  • Support negotiations by gathering cost and spend data for analysis.
  • Coordinate with internal stakeholders to clarify requirements and specifications.
  • Compile and analyze spend data to identify trends and potential cost-saving opportunities.

Supplier & Market Research

  • Research potential suppliers and gather data on pricing, product availability, and market trends.
  • Support the development of supplier databases and maintain accurate supplier information.
  • Assist in evaluating vendor capabilities and performance.

Qualifications:

  • Bachelor’s degree in Supply Chain Management, Business, Finance, Economics, or a related field (or equivalent experience).
  • 1–3 years of experience in sourcing, procurement, or contract support
  • Understanding of sourcing, negotiation and contract processes
  • Basic understanding of procurement or sourcing principles is a plus.
  • Familiarity with e-sourcing and contract management tools. (e.g., Coupa, SAP Ariba, Oracle, or similar).
  • Certification in procurement or supply chain (e.g., CPSM, CIPS), a plus

Skills & Competencies

  • Strong analytical and problem-solving skills with attention to detail.
  • Excellent organizational, time management, and multitasking abilities.
  • Excellent written and verbal communication skills.
  • High attention to detail and accuracy.
  • Ability to work collaboratively in a team environment.
  • Proficiency in Microsoft Excel and data analysis tools.

Key Competencies:

  • Strategic Sourcing
  • Financial Acumen
  • Problem-Solving
  • Cross-Functional Collaboration
  • Analytical Thinking
  • Attention to Detail

The range for this position is $53000 to $70000. When determining candidate offers, we consider experience, skills, education, certifications, and geographic location among other factors. This job is eligible for benefits (Medical, Dental, Vision, PTO, 401k, etc.).

Job Tags

Contract work, Work at office,

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