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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 ( 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 ( 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 ( the Bank and its culture; check out our Careers Site ( .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 ( 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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