Contract Procurement Specialist (Hybrid)
Company: Federal Reserve System
Location: Saint Louis
Posted on: January 27, 2023
Job Description:
CompanyFederal Reserve Bank of St. LouisThe Internal Support,
Payments, and SASTeC Division is looking for a Contracts
Procurement Specialist for the Division Support unit. Reporting to
a manager, you will secure competitive acquisition contracts for
both goods and services on behalf of the Facilities Management
team.Responsibilities
- Manage complex bidding events/projects, which include multiple
management or senior management partners.
- Prepare complex contracts, which may include determining
special provisions, terms and conditions to comply with appropriate
laws, regulations and Bank procedures.
- Manage up to 20-30 different project requests in-process at any
given time.
- Be a point of contact for all Construction Project procurement
activities including industry analysis, supplier sourcing,
developing bidding events, contract preparation and execution,
vendor management and advising as to appropriate accounting
treatment for invoices.
- Perform in-depth analysis of our contracts, statements of work
and amendments. Complete analysis for detail and adherence to
service levels and key milestones.
- Recognize and evaluate purchasing trends, identify problems and
develop related solutions. Support departments and Bank through
strategic innovation.
- Develop strategies to optimize contract negotiation with
vendors.
- Obtain and negotiate agreements on pricing, delivery and other
terms.
- Resolve contract differences/disputes with vendors.
- Perform Supplier Risk Analysis and interpret supplier metrics.
Review supplier solvency and other potential risks through the
analysis of financial statements, market segmentation, fundamental
business weakness, and threats. Interpret and advise department and
management on summary findings.
- Be a Bank representative to the private sector for
businesses/individuals interested in learning more about the
Federal Reserve or those interested in doing business with the Fed.
Work with private sector organizations of similar size or larger to
support ongoing diversity or small business programs for the System
or District.Qualifications
- Bachelors degree within Business Administration or related
field or commensurate experience
- 4+ years of procurement or project management experience with a
services-focused organization
- In-depth understanding of the end-to-end procurement
process
- Knowledge of electronic bidding applications and procurement
module of the accounting application
- Travel (5%)BenefitsOur organization offers benefits
(https://www.stlouisfed.org/careers/yourcareer/benefits) that are
the best fit for you at every stage of your career:Salary: $95,000
- 105,000
- Pension plan, 401K, Comprehensive Insurance Plans, Tuition
Reimbursement Program, Onsite Wellness & Fitness Center, Backup
Dependent Care (Child & Adult), and more
(https://www.stlouisfed.org/careers/yourcareer/benefits)Ranked as a
Top Workplace, the Federal Reserve Bank of St Louis is committed to
building an inclusive workplace, where employees diversityin age,
gender, race and ethnicity, sexual orientation, gender identity or
expression, disability, and cultural traditions, religion, life
experiences, education and socioeconomic backgroundsare recognized
as a strength. Embracing our diversity encourages employees to
bring their valued perspectives to the table when generating ideas
and solving problems, and promotes an environment where innovation
and excellence grow. Learn more about
(https://www.stlouisfed.org/careers/ourculture/about-us) the Bank
and its culture; check out our Careers Site
(https://www.stlouisfed.org/careers/ourculture/about-us) .The
Federal Reserve Bank of St Louis is an Equal Opportunity
Employer.Full Time / Part TimeFull timeRegular /
TemporaryRegularJob Exempt (Yes / No)YesJob CategoryOtherWork
ShiftFirst (United States of America)The Federal Reserve Banks
believe that diversity and inclusion among our employees is
critical to our success as an organization, and we seek to recruit,
develop and retain the most talented people from a diverse
candidate pool. The Federal Reserve Banks are committed to equal
employment opportunity for employees and job applicants in
compliance with applicable law and to an environment where
employees are valued for their differences.Privacy Notice
(https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)OUR
BANK has one of the most recognizable brands around the world. The
Federal Reserve is the central bank of the United Statesone of the
world's most influential, trusted and prestigious financial
organizations. The Federal Reserve is charged with the important
mission of promoting a strong economy and a stable financial system
and fulfills this responsibility by formulating national monetary
policy, supervising and regulating banks and bank holding
companies, and providing financial services for banks and the U.S.
government.OUR PEOPLE are diverse in background and ideas, which
allows for ongoing creativity and innovation. Ultimately, they are
the ones who push our high-performance, exchange-driven culture
forward.Why Our People Choose Us:Our reputation precedes usThere
will always be room for personal growthOur people are firstYoull
find the right balanceYour responsibilities will be meaningfulWe
hope that you will be our future colleague.
Keywords: Federal Reserve System, St. Louis , Contract Procurement Specialist (Hybrid), Other , Saint Louis, Missouri
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