Full Time Job

Sourcing Specialist


Los Angeles, CA 05-17-2020
  • Paid
  • Full Time
  • Mid (2-5 years) Experience
Job Description

The Role
The Sourcing Specialist will be responsible for supporting day-to-day sourcing related activities; including data collection, spend analysis, financial modeling, bidding, vendor negotiations, contracting, measuring savings & tracking deal benefits, periodic contract audits, and various ad-hoc sourcing activities.
General sourcing responsibilities to include, but not limited to:
• Analyzing spend to identify cost savings opportunities
• Execute Sourcing bid process including developing bidder list, issuing bids, reviewing bid responses for accuracy, contacting vendors for bid clarifications and analyzing bids for final negotiations
• Research vendor pricing to conduct internal benchmarking or market price
• Track contract deal points (spend, savings, commissions, rebates all other deal enhancers)
• Coordinate and attend internal and external meetings/conference calls documenting stakeholder needs/issues/event requirements and summarizing next steps/action items needed to initiate project plan
• Maintain and routinely update sourcing project & savings tracker and solicit updates from appropriate team members
• Create and maintain a dynamic ''preferred vendor'' list & project pipeline that allows team to plan accordingly
• Assist with standardizing and streamlining all communications related to the bid and contracting process
• Track and report all deal benefits to share with senior management
• Ability to put together executive level presentations communicating project benefits
• Periodic audit of bills to ensure negotiated deal benefits are realized and there are no overcharges
• Conduct vendor outreach and support building preferred vendor lists

Daily activities include:
• Current and projected vendor spend analysis
• Supplier and industry research
• Workflow and process documentation and analysis
• Bid and proposed deal term analysis
• Negotiation approach and strategy development
• Contract drafting and review
• Stakeholder communication and alignment
• Executive level presentations
• Project management of sourcing-related activities
• Suppler communication and on-going management


Basic qualifications:
• Relevant industry experience
• Minimum 3-5 years related experience in finance, operations, strategic sourcing and/or supply chain disciplines
• Bachelor's degree in Business or other quantitative discipline, MBA preferred
• Self-motivated individual
• Highly professional, customer-service oriented, and collaborative
• Excellent communicator with the ability to adapt style depending on audience
• Demonstrated strong verbal, written, and presentation skills
• Strong computer skills with advanced knowledge of PowerPoint, Word, and Excel
• Superior time management skills; ability to work on multiple projects simultaneously with focus while managing to priority and deliverables
• Strong financial analysis skills, with understanding of financial statements, accounting, and financial modeling

Desired skills:
• Knowledge and interest in key sourcing areas such Facilities, Travel & Events
• Knowledge of global supply base
• Experience developing business cases
• Strong analytical skills; MS Excel proficient; financial modeling preferred
• Strong written and communication skills; MS PowerPoint, MS Word proficient
• Ability to work independently as well as lead and participate in cross functional teams
• Ability to collaborate in a team environment
• Excellent documentation and requirements analysis

Required Education
• Bachelor's degree or equivalent work experience

Company Profile

Creative Artists Agency (CAA), is the world’s leading full service entertainment, media, and sports agency. We represent many of the most successful professionals working in television, film, music, theatre, video games, sports, and digital content.