Procurement Demand Management Senior Consultant

About Northern Trust:

Northern Trust a Fortune 500 company is a globally recognized award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the worlds most successful individuals families and institutions by remaining true to our enduring principles of service expertise and integrity. With more than 130 years of financial experience and over 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

The Senior Consultant Procurement Demand Management is a key member of the Global Procurement Center of Excellence responsible for driving and delivering cost optimization through productlevel and consumptionbased analysis with a primary focus on indirect procurement and IT sourcing.

This role partners closely with Global Procurement Business Units Finance and Technology teams to identify utilizationdriven cost optimization opportunitiesoften across multiple data sources. The role combines strong procurement and financial expertise with advanced analytics automation and innovation to enable datadriven sourcing and negotiation decisions.

Major Duties:

Drive measurable cost savings and cost avoidance as a primary KPI for Procurement Demand Management leveraging productlevel utilization analysis financial modeling and AIenabled insights across indirect procurement with emphasis on IT sourcing.

Identify quantify and track cost optimization opportunities by assessing utilization overlicensing and demand drivers across suppliers contracts and business units.

Serve as a trusted advisor to category managers vendor managers finance partners and business stakeholderschallenging assumptions reconciling competing views of demand and guiding decisions when data is incomplete or contested.

Apply advanced financial modeling and analytics to translate utilization and demand insights into actionable sourcing strategies and negotiation recommendations.

Design and implement AIdriven and automated solutions to continuously monitor utilization surface savings opportunities and prevent future cost leakage.

Review contracts at the product and consumption level to support renewals negotiations and demand shaping initiatives that drive incremental savings.

Lead crossfunctional discussions to analyze spend utilization trends and sourcing opportunities.

Provide coaching and guidance to team members supporting demand analytics automation and procurement intelligence.

Knowledge:

Strong experience in financial analysis including planning forecasting and projections with the ability to link insights to measurable cost savings and cost avoidance outcomes.

Demonstrated ability to analyze and interpret complex usage consumption or demand data including assessing data quality assumptions and limitations. Proficiency in business and analytics tools including BI platforms financial tools and Microsoft Office 365.

Experience designing or applying AIdriven and automated analytics to identify cost optimization opportunities.

Demonstrated ability to influence without authority lead crossfunctional initiatives and operate effectively in ambiguous or evolving environments.

Strong understanding of process improvement and continuous improvement including identifying and implementing automation opportunities.

Excellent written and verbal communication skills with the ability to clearly explain complex financial and analytical insights to senior business stakeholders. Highly adaptable and collaborative with a strong understanding of business drivers and their impact on cost demand and sourcing decisions.

Experience:

College or University degree in Business Accounting Finance or a related field with 57 years of relevant experience. Prior experience in sourcing or procurement is a plus.

Strong financial analysis and modeling experience required including planning forecasting and projections.

Experience working with procurement financial or asset management platforms (e.g. Coupa SAP Ariba ERP SAM or finance systems) to analyze spend utilization and supplier data.

Professional certifications are a plus.

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension) health and welfare benefits (medical dental vision spending accounts and disability) paid time off parental and caregiver leave life & accident insurance and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us:

As a Northern Trust partner greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged senior leaders are accessible and you can take pride in working for a company committed to assisting the communities we serve!Join a workplace with a greater purpose.

Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process please email our HR Service Center at .

We hope youre excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.