Sourcing Project Specialist

Xcel Energy (NASDAQ: XEL) is a leading energy provider and Fortune 500 company, dedicated to serving millions of electricity and natural gas customers across eight states: Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. We make energy work better for our customers, helping them thrive every day. That means always raising the bar - delivering better service and providing more reliable, resilient, and sustainable energy. Xcel Energy is a place where you’ll have opportunities to grow, expand your skills, and help lead the clean energy transition. We offer meaningful rewards, recognition, and support to help you build your career and make an impact - both on the job and beyond. Most importantly, it means you’ll be joining a company that knows employees are the driving force behind its success and is committed to helping you be your best. Xcel Energy supports a hybrid work model to enable collaboration and flexibility. Many roles are expected to work onsite three days per week (Tuesday–Thursday); however, work location expectations vary based on role, team, and business needs. Sourcing Project Specialist Position Summary Provides leadership and direction for large, complex projects. Develops negotiation strategies and leads negotiations with suppliers representing all internal stakeholders. Executes contracts and monitors supplier performance to optimize project success. Mentors, coaches and oversees development of associate sourcing project specialists. Essential Responsibilities SOURCING - Sources for high-value, complex goods and services in support of significant company projects (up to $50M). Leads the process for defining technical bid requirements and specifications and specialized terms and conditions required by individual capital projects. Leads bidding events and bid evaluation teams to analyze proposals and award business. Seeks opportunities to consolidate sourcing activities to encourage supplier competition. Seeks opportunities for cost savings and cost avoidance PROJECT MANAGEMENT - Creates and manages a project plan for the sourcing of goods and services and controls the necessary supply chain resources in support of the plan. Interacts with business unit personnel to integrate the sourcing and business project plans. Maintains relationships with key business unit stakeholders and communicates sourcing project status. Establishes metrics for evaluating and documenting specific supplier services and contractual requirements and monitors performance. NEGOTIATIONS - Develops negotiation strategies and leads negotiations representing company interests in major project purchases associated with capital projects. Facilitates the resolution of disputes and contract adjustments with suppliers and internal stakeholders. SUPPLIER MANAGEMENT - Establishes and oversees the process to track and monitor supplier performance, commitments and progress milestones to ensure full value of the project has been achieved. Identifies opportunities in collaboration with a category manager to support project needs with key suppliers in alignment with category strategies. Manages tier I and II supplier relationships as assigned RISK CONTAINMENT - Applies understanding of underlying principles of contract law to administer all project contract agreements and contractual forms, Defines and manages the risk elements of the contract and assembles all necessary documentation for obtaining project-specific insurance. Limits company liability by ensuring all required documents and notices have been obtained and are satisfactory. MENTORING - Mentors associate project specialist in sourcing event management, negotiation strategy, program standardization, supplier management, project management and risk containment. Minimum Requirements Bachelor's degree in Supply Chain Management, Engineering, Project Management, Business, Finance or equivalent experience required. Requires five of purcha…

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