Strategic Sourcing Analyst

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 Stripe's Finance Operations (FinOps), 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 Stripe's travel and expense program. The team also reviews and advises on contract structures and terms, conducts risk assessments to ensure suppliers meet Stripe's 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 will play a crucial role in supporting the global strategic sourcing events and category management while collaborating with cross functional teams. You will 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 analytical 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 / 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 and/or individual transaction strategies

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

Setup and execute proactive tracking of SLA violations and e