Analyst, Strategic Sourcing & Procurement

What if you could build a career where ambition meets innovation? At LPL Financial, we empower professionals to shape their success while helping clients pursue their financial goals with confidence. What if you could have access to cutting-edge resources, a collaborative environment, and the freedom to make an impact? If you're ready to take the next step, discover what’s possible with LPL Financial.

Job Overview:

As an Analyst in SS&P you will be responsible for executing the sourcing and procurement process to procure various products and services for LPL.  As such, you will work closely with a number of internal stakeholders in the selection, use and management of external vendors across the LPL Technology portfolio.  This includes supporting the management of the entire sourcing process for assigned categories with a constant focus on working collaboratively with leadership, understanding and managing strategy, vendor selection and due diligence, contract negotiations, costs to budget, risk mitigation, and regulatory compliance.   

A fundamental component of the role is change management and the ability to lead the transformation of SS&P into a strategic partner across the firm.

Responsibilities:

• Negotiating low - medium dollar (<$250K) & risk contracts with key vendors. Contracts include, but are not limited to: MSAs, SaaS Agreements, EULAs, SOWs

• Review contracts to ensure compliance to sourcing and contracting policies and procedures, and to escalate concerns to legal and business partners

• Assist VP in creating training documents, reports, best practices documentation for Technology commodities

• Assist VP in the analysis and development of category plans to provide visibility to spend, vendor summaries, contract summaries, stakeholder engagement, and market insights that lead to both short and long-term strategies

• Act as the reporting / analytical SME for the team; perform financial analysis, spend & Ariba reporting

• Partner with business groups to issue, evaluate and conduct RFx

• Bring thought leadership to identify additional cost and operational efficiencies

• Work in collaboration with multiple departments and business partners to develop strategy, policy and/or resolution of issues

• Present recommendations and commodity plans to SS&P leadership team and business

• Represent and advocate SS&P strategies and goals across the firm

• Challenge assumptions, opinions, and decisions in a diplomatic way to ensure that actions taken are in the organization’s best interest

• Review contracts to ensure compliance to sourcing and contracting policies and procedures, and to escalate concerns to legal and business partners.

• Process contract terminations, expirations, extensions and renewals.

• Manage contract request queue in our procure-to-pay system, ARIBA, in a timely manner and within SLA.

• Support projects to continuously improve the capabilities of the SS&P organization

• Foster a positive, diverse and inclusive culture through education and communication

• Represents and advocate SS&P strategies and goals across the firm. 

What are we looking for?

We’re looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.

Requirements:

• An appropriate 4-year college degree

• Minimum of 1-3+ years of experience working in a medium-to large professional enterprise or 1+ years of contract negotiations and pricing experience

• Advanced MS Office skills including Excel, SharePoint, Word and Power Point

Preferences:

• Technology Sourcing background

• Financial Services experience

• Experience using ARIBA or other Procure-to-Pay tools

#LI-PA

 

Pay Range:

$58,125-$96,875/year
 Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!
 

Company Overview:

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace. LPL supports over 29,000 financial advisors and the wealth-management practices of 1,100 financial institution, servicing and custodying approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses.

At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

For further information about LPL, please visit www.lpl.com.

Join LPL Financial: Where Your Potential Meets Opportunity

At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation’s leading independent broker-dealer, we offer an integrated platform of cutting-edge technology, brokerage, and investment advisor services.

Why LPL?

• Innovative Environment: We foster creativity and growth, providing a supportive and responsive leadership team. Learn more about our leadership team here!

• Limitless Career Potential: Your career at LPL has no limits, only amazing potential. Learn more about our careers here!

• Unified Mission: We are one team on one mission—taking care of our advisors so they can take care of their clients. Learn more about our mission and values here!

• Impactful Work: Our size is just right for you to make a real impact. Learn more here!

• Commitment to Equality: We support workplace equality and embrace diverse perspectives and backgrounds. Learn more here!

• Community Focus: We care for our communities and encourage our employees to do the same. Learn more here!

• Benefits and Total Rewards: Our Total Rewards package goes beyond just compensation and insurance. It includes a mix of traditional and unique benefits, perks, and resources designed to enhance your life both at work and at home. Learn more here!

Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.

Information on Interviews:

LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum.  During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card.  Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (855) 575-6947.

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