BloombergNew York 10075
Full Time
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Sourcing Specialist

Full Time Bloomberg Philanthropies, 25 E 78th St, New York, NY 10075, United States


The energy of a newsroom. The pace of a trading floor. The buzz of a recent tech breakthrough. We work hard, and we work fast - while keeping up the quality and accuracy we're known for. It's what keeps us inventing and reinventing, all the time. Our culture is wide open, just like our spaces. We challenge each other. And through our countless volunteer projects, we help bring out the best in our communities as around us, too. You can do amazing work here. Work you couldn't do anywhere else. It's up to you to make it happen.

What's the role? 

The Global Procurement team runs all activities and workflows to procure hardware, software, consulting services and much more for internal lines of business to achieve the maximum value to Bloomberg while also leading supplier contract management and risk controls. Under one umbrella we work together to develop efficient solutions through new technologies and processes to keep up with Bloomberg's dynamic environment and business needs while ensuring the highest level of customer service. 

You are excited about negotiating that next deal, being part of a Global Department delivering top quality service and advice. Our resourceful and dynamic Engineering Procurement Department is looking for an experienced Technology Software Sourcing Specialist to join its US Headquarters based in New York. You will build and manage relationships with our internal clients and the vendors who support our exciting and varied requirements across the whole US region. You will need to show good knowledge of advanced software procurement principles, strong negotiating skills and an eye for detail. You will be part of the US team supporting multiple internal stakeholders, from a wide spectrum of departments with many and varied needs, in a fast paced demanding environment. Working with the Regional Manager, you, as part of the Sourcing Team will develop and execute supply strategies for multiple categories, with a heavy focus on software. You will also be managing your own supply base ensuring stakeholders get what they want, when they want it and at the best value possible. We are a Global Procurement Department, who working with our internal clients, devise strategies based on the varied requirements of a fast pace cutting edge business with a truly global presence. 

We'll trust you to: 

  • Determine specifications and requirements for products and services through communication with internal stakeholders and the department's strategic plan 
  • Lead regional sourcing opportunities, including RFPs, direct negotiations, etc., and use market research from internal and external sources to drive sourcing decisions 
  • Ensure adherence to the policies and thresholds set by the Global Procurement Team 
  • Negotiate and implement Contractual agreements in partnership with the internal customer and our Legal department 
  • Manage the vendor base to ensure that contractual compliance and financial efficiency 
  • Continuously review with the Sourcing Team Strategic Plans to better serve the company as a whole 
  • Build strong and lasting relationships with internal clients and the associated vendor base 
  • Provide support to the rest of the team to make sure we deliver first class customer service 

You'll need to have: 

  • 7-10 years of experience specifically in procuring software for a tech organization 
  • Proven experience in a commercial environment with demonstrated ability for complex commercial and contractual negotiations, competitive market analysis, and ongoing supplier performance management/scorecards 
  • Contractual knowledge and negotiation skills (understanding of and experience in contract law and applicable legislation) 
  • Track record of strong decision-making ability 
  • Demonstrated ability to effectively interact in a cross-functional environment with all levels of executive management