Sourcing Analyst - Financial Services

Sourcing Analyst•Financial Services Quincy, MA Job Details Full-time $70,000•$80,000 a year 1 day ago Benefits Health savings account Health insurance Dental insurance Flexible spending account Tuition reimbursement Paid time off Vision insurance 401(k) matching Qualifications Vendor relationship building Procurement category management Microsoft Excel Presentation software Market analysis Project coordination Mid-level Analysis skills Market research Bachelor's degree Continuous improvement Bank experience Vendor relationship management Contracts Vendor contract management Request for proposal Procurement contract negotiation 1 year Strategic sourcing Cross-functional collaboration Research findings presentation Communication skills Stakeholder relationship building Cross-functional communication Excel data analysis

Full Job Description Overview:

Topco Associates is currently seeking a Sourcing Analyst for the Indirect Spend•Hired Services team in Quincy, MA. This position will be a hybrid role, with the successful candidate conducting work in our Quincy office three times per week and virtually twice per week. The Sourcing Analyst will support sourcing initiatives across financial and business services categories, including in-store payments, audit solutions, B2B payments, and inventory services. This role offers the opportunity to contribute to high-impact projects, develop analytical and sourcing expertise, and build strong cross-functional and supplier relationships. Topco's mission is to deliver solutions that help our member owners, regional retailers, and wholesalers achieve a competitive advantage. We are committed to building high-performing, diverse teams that reflect the communities we serve and drive innovation across our business Position Summary The Sourcing Analyst is responsible for supporting the execution of category strategies and sourcing initiatives under the guidance of their manager. This individual will develop foundational expertise in assigned categories, contribute to cost savings and value delivery goals, and support supplier engagement and program growth. This role manages sourcing initiatives of moderate scope and supports categories with approximately $25-50MM in procurement spend.

Responsibilities:

Sourcing & Project Management Support sourcing initiatives from initiation through contract execution and lifecycle management Develop and distribute RFPs and RFIs to prospective suppliers Participate in supplier negotiations, including pricing and contract terms, using a variety of sourcing tools and methods Ensure sourcing activities are well-documented and aligned with internal processes Analytics & Insights Conduct data analysis to support sourcing decisions, identify opportunities, and evaluate supplier proposals Interpret and present findings to stakeholders in a clear and actionable manner Develop working knowledge of assigned categories through market research and analysis Relationship Management Build and maintain effective relationships with suppliers and internal stakeholders Support communication of initiative results, including savings and performance metrics Assist in monitoring supplier performance and ensuring contract compliance Identify and communicate opportunities for continuous improvement Business Support & Development Partner with account management and program management teams to support program adoption and growth Assist in tracking sales performance and preparing sourcing plans and business reviews Contribute to the development and promotion of new and existing sourcing programs

Qualifications:

Education Bachelor's degree required Experience 1-3 years of experience in business, analytics, project coordination, or a related field Exposure to sourcing, procurement, purchasing, consulting, or retail operations preferred Experience in financial services, payments, or banking is a plus Prior experience with supplier or market analysis is beneficial Knowledge, Skills & Abilities Strong analytical and problem-solving skills, with the ability to translate data into insights Effective written and verbal communication skills Ability to manage multiple priorities and maintain strong attention to detail Demonstrated ability to build relationships and influence stakeholders Proficiency in Microsoft Excel and PowerPoint Customer-focused mindset with a collaborative approach to work Interest in developing sourcing, negotiation, and category management skills Topco strives for an inclusive workplace that reflects our member shopper's communities. If your experience similarly reflects what you see listed in the job description, please consider applying, as individuals come with a wealth of experience and talent beyond just the technical requirements of a job. Diversity of experience and skills combined with passion is a key to innovation and excellence; therefore, we encourage individuals from all backgrounds to apply to our positions. Topco is an equal employment opportunity employer, dedicated to a policy of non-discrimination in employment on any basis, including age, sex, color, race, creed, national origin, ancestry, religion, sexual orientation, marital status, political belief, veteran's status, or disability that does not prohibit performance of essential job functions. Please let us know if you require accommodations during the interview process.

Salary Range:

$70,000•$80,000/annually

Benefits:

Medical coverage through Blue Cross Blue Shield (PPO and HDHP offered) Health Savings Account Dental coverage Vision coverage Annual flexible spending accounts Tuition Reimbursement Competitive 401(k) match Generous PTO offered