What You'll Do We’re looking for an IT Sourcing Consultant or Sr IT Sourcing Consultant to join our Global Sourcing team! In this role, you’ll negotiate strategic technology contracts, partnering with the business to solution hard problems in ways that benefit our customers while strengthening our business. This team is passionate about providing the most value to our business partners. You'll help us transform the way we deliver value. We're targeting highly motivated Technology Sourcing professionals who can encourage innovative solutions that bring value to the enterprise. You'll work closely with key partners to develop effective negotiation and cost reduction strategies, through dynamic requirements that are tied to strategic level business and technology objectives. You'll have the opportunity to: Negotiate technology hardware, software and telecom contracts Lead RFx requirements development, supplier selection, pricing analysis, and contract review and negotiation Provide subject matter expertise while leading all aspects of strategic sourcing for high complexity (dollar and risk) third-party needs including supply & demand planning, supplier selection, and contract review and negotiation Mentor and influence internal and external leaders and teams to promote standard processes in category management and achieve business results Develop sourcing initiative strategies according to the total cost of ownership model, internal data and market intelligence Collaborate with internal leaders to develop sourcing/procurement requirements and deliver solutions for their business needs as we produce outcomes our customers love Support audit compliance and risk management efforts and overall category management objectives Provide market and industry intelligence, innovation, and standard methodologies Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years! Who You Are Bachelor’s degree or equivalent experience 5+ years of related experience in procurement, sourcing, Technology vendor management, or contract negotiation Ability to develop and maintain relationships with external and internal partners at all levels Demonstrated ability to communicate and engage with engineers, designers, and company leaders in a constructive and collaborative relationship Skilled at solving challenging problems and influencing stakeholders Strong critical thinking, financial acumen and the basic understanding of supply change management concepts Skills That Will Help You Stand Out Strategic planning, spend analysis and supplier management (performance tracking and reporting, governance) experience Extensive experience negotiating SOW agreements Salary Range Information Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly) $86450 - $140000 / year Time Off Program Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided. Pension Eligible Yes Additional Information Work Environments This role offers in-office or hybrid (blending at least three office days in a typical workweek) in Des Moines, IA or Charlotte, NC. You’ll work with your leader to figure out which option may align best based on several factors. Job Level We’ll consider talent at the next level (Sr IT Sourcing Consultant) with the right experiences and skills. The Sr level requires 6+ years of related experience (procurement, sourcing, Technology vendor management, or contract negotiation) and 2+ years of Technology Work Authorization/Sponsorship At this time, we're not considering candidates that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States? This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links. Nonimmigrant Workers and Green Card for Employment-Based Immigrants Investment Code of Ethics For Principal Global Investors positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization. Experience Principal While our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees – individually and all of us together. Explore our core values, benefits and why we’re an exceptional place to grow your career. Principal is an Equal Opportunity Employer All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. Posting Window We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline. Original Posting Date 11/1/2024 Most Recently Posted Date 11/1/2024