Financial Analyst-Strategic Sourcing

Position Summary

Play a pivotal role in driving cost optimization and strategic supplier partnerships by blending procurement expertise with financial analysis. This role is responsible for developing forward-looking strategies across assigned spend categories, partnering with key business stakeholders, and delivering data-driven insights that support negotiation strategies, contract planning, and total cost of ownership (TCO) optimization. The Strategic Sourcing Financial Analyst will leverage market intelligence, pricing trends, and spend data to influence high-impact sourcing decisions and enhance value delivery across the organization.

Job Duties and Responsibilities

• Partner with internal stakeholders and procurement leadership to develop sourcing strategies rooted in financial data and total cost analysis.
• Analyze supplier proposals and pricing structures to identify savings opportunities, benchmark costs, and support negotiation strategies.
• Build and maintain financial models to evaluate cost drivers, forecast spend, and support long-term budgeting and planning.
• Support Sr. Buyers and Category Managers in sourcing execution, RFPs, and supplier performance evaluations with analytical insights.
• Gather and report on key market intelligence and economic indicators affecting assigned categories.
• Lead the development and enhancement of dashboards and reporting tools to track procurement performance metrics (e.g., cost savings, supplier compliance, category spend).
• Utilize eProcurement tools and ERP systems to ensure pricing accuracy and data integrity.
• Conduct supplier financial health assessments and support risk mitigation strategies.
• Assist in updating and maintaining approved supplier lists and supporting supplier business reviews.

Position Requirements

• Bachelor's Degree in Finance, Supply Chain, Business Analytics, Economics, or related field.
• 1+ years of experience in procurement, finance, or business analytics.
• Strong analytical and problem-solving skills with a data-driven mindset.
• Proficiency in Excel (pivot tables, VLOOKUPs, etc.) and familiarity with data visualization tools (e.g., Power BI, Tableau) is a plus.
• Ability to interpret complex data sets and present findings in a clear, concise format to stakeholders.
• Excellent verbal and written communication skills with the ability to influence cross-functional teams.
• Highly organized with strong project management and multitasking capabilities.
• Comfortable operating in dynamic, fast-paced environments and dealing with ambiguity.

Pay

This is a salaried position starting at $58,000.00 and pays up to $80,000.00, based on experience and qualifications.

Benefits

All team members receive the following benefits while working for Life Time:

• A fully subsidized membership

• Discounts on Life Time products and services

• 401(k) retirement savings plan with company discretionary match (21 years of age and older)

• Training and professional development

• Paid sick leave where required by law

Full-time Team Members are eligible for additional benefits, including:

• Medical, dental, vision, and prescription drug coverage

• Short term and long term disability insurance

• Life insurance

• Pre-tax flexible spending and dependent care plans

• Parental leave and adoption assistance

• Paid time off, including 5 to 20 vacation days per calendar year (based on tenure) and paid sick leave

• Deferred compensation plan, if the team member meets the required income threshold

Life Time is a place for everyone. As an organization, we are committed to an inclusive, diverse and equitable workplace that respects and celebrates the unique contributions of each individual while ensuring we remain an equal opportunity employer that recruits, hires, trains and promotes based on merit and qualifications.