Strategic Sourcing Analyst

Bengaluru

Who we are

About Stripe

Stripe is a financial infrastructure platform for businesses. Millions of companies—from the world's largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet, and we have a staggering amount of work ahead. That means you have an unprecedented opportunity to put the global economy within everyone's reach while doing the most important work of your career.

About Finance Operations

The Finance Operations (FinOps) team provides and enhances core business services that are the backbone for Stripe. FinOps uses data and operational excellence to deliver technology solutions, procurement, billing and payroll services, strategic sourcing, and supplier relationship management to Stripe.

About Procurement

Global Procurement, which is part of the Finance Operations (FinOps) team at Stripe, is responsible for the entire buying journey, from sourcing new suppliers or renewing engagements with existing ones to facilitating purchase order approvals, paying valid supplier invoices, and managing the travel and expense program. The team also reviews and advises on contract structures and terms, conducts risk assessments to ensure suppliers meet Stripe standards, and onboards suppliers for secure payment processing.

What you'll do

We're looking for a Sourcing Analyst to join our growing team. In this role, you'll play a crucial role in supporting the global strategic sourcing events and category management while collaborating with cross-functional teams. You'll be responsible for conducting market research, gathering supplier information, developing sourcing strategies, and facilitating sourcing events to optimize the company's spend and drive value. This role requires strong problem-solving skills, attention to detail, and the ability to work collaboratively with cross-functional teams.

Responsibilities

The responsibilities for this role include but are not limited to the following.

RFx event support

Draft RFx documents for specific projects in collaboration with global category managers

Prepare RFx communications, scoring templates, summaries, and other supporting documents

Prepare and retain RFx project documentation for historical record • Execute NDAs for RFx events • Lead regional RFx projects when needed

Benchmarks and Rates

Conduct initial category-specific market research

Analyze rate submissions from suppliers with industry benchmarks

Develop supplier profiles with data sourced from resources like Tropic, Pitchbook, other internal tools, and publicly available data

Lead regional rate card negotiations when needed

Contracting

Contract analysis to inform category strategies or individual transaction strategies

Data cleanup on renewal dates, termination notice periods, and other relevant sourcing metadata in the Contract database

Set up and execute proactive tracking of SLA violations and initiate appropriate processes to claim any possible service credits or refunds

General Support

Monitor procurement process and manage escalations for sourced deal transactions

Work closely with internal teams to drive enterprise-level procurement solutions and increase supplier management effectiveness

Participate in establishing short-term and long-range planning and budget development of the company to support strategic business goals

Help to develop and execute a roadmap to build and scale an impactful Strategic Sourcing and Category Management function that Stripe recognizes and values

Who you are

We're looking for someone who meets the minimum requirements to be considered for the role. If you meet these requirements, you are encouraged to apply. The preferred qualifications are a bonus, not a requirement.

Minimum requirements

A minimum of 5 to 8 years of experience in indirect sourcing, procurement, category management, or a related field

Strong understanding of procurement principles and supply chain management

Strong experience in negotiations and achieving significant cost savings and supplier value without compromising on quality or service

Experience in supplier contracting with an understanding of standard commercial terms and conditions to mitigate risks and create clear service level agreements

Excellent communication and interpersonal skills, with the ability to convey complex information in an understandable way

Strong diagnostic and problem-solving skills with a keen eye for detail

Strong organizational skills and the ability to manage multiple priorities in a dynamic, fast-paced environment

A team player with a proactive attitude and the ability to work independently when required

Demonstrated experience successfully partnering with cross-functional stakeholders

Preferred qualifications

Familiarity with the fintech industry and its supply chain and procurement challenges

Educational background in Business, Economics, Supply Chain, or related fields

Procurement and supply chain certification like CPSM, CSCP, CPPM, CIPS, etc.

Understanding or experience with e-procurement tools and systems (e.g., Zip, Agiloft CLM, etc.)

Experience with ERP systems (e.g., Oracle) is preferred

The ability to be flexible and comfortable with changing requirements

A builder's mindset and a willingness to question assumptions and conventional wisdom

A passion for creating new systems and solving problems via infrastructure and automation