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Strategic Sourcing Specialist

3 months ago

Houston, United States Venterra Realty Full time
Description

ROLE: Strategic Sourcing Specialist

REPORTS TO: VP, Procurement

LOCATION: Houston Corporate Office (4 days in office per week)

COMPANY OVERVIEW

Venterra Realty is a well-capitalized, privately held investment and technology company with ~ $5.0 billion in managed assets and $375+ million in revenues. It owns and operates over 80 multi-unit residential properties in the highest growth cities in the United States.

Founded in 2001, we are committed to improving the lives of our residents by delivering an industry-leading customer experience. Find out more about us at Venterra.com and read employee reviews on our company Glassdoor page

We're honored to have received numerous workplace recognitions including being named one of the 2023 Best Workplace in Real Estate by The Great Place to Work Institute® and FORTUNE©, one of PEOPLE's 2023 Companies That Care, one of Great Place to Work's Top 100 Best Medium Workplaces six times, and to have been named a four-time Glassdoor Best Places to Work winner Read about all of our awards and accolades here

We are looking for people who:

  • Have strong personal values and want to work for a values-based company
  • Are ambitious and hard working with exceptionally high personal standards
  • Embrace problem-solving and learning new skills
  • Thrive in a rapidly changing and high growth environment
  • Are passionate about driving continuous improvements and the use of technology with data to drive business results
  • Have a proven history of critical thinking and the ability to self educate
  • Are willing to be on-site and perform in-person testing of new concepts
THE OPPORTUNITY

We are seeking a highly motivated and experienced Strategic Sourcing Specialist to join our team. The ideal candidate will be responsible for developing and executing sourcing strategies to optimize supplier relationships, reduce costs, and improve overall efficiency. The Strategic Sourcing Specialist will work closely with cross-functional teams to identify sourcing opportunities, negotiate contracts, and ensure compliance with company policies and procedures. This role requires strong analytical skills, excellent communication abilities, and a proven track record of driving results in a fast-paced environment.

KEY JOB RESPONSIBILITIES
  • Develop and implement strategic sourcing strategies to achieve cost savings and improve supplier performance.
  • Conduct market research and analysis to identify potential suppliers, assess market trends, and evaluate supplier capabilities.
  • Collaborate with internal stakeholders to understand business needs and requirements, and develop sourcing plans accordingly.
  • Lead supplier negotiations to secure favorable contract terms, including pricing, payment terms, and service level agreements.
  • Evaluate supplier performance against key metrics and implement continuous improvement initiatives to drive operational efficiencies.
  • Manage supplier relationships, including conducting regular performance reviews, resolving issues, and identifying opportunities for collaboration and innovation.
  • Ensure compliance with company policies, procedures, and regulatory requirements throughout the sourcing process.
  • Monitor market conditions and industry trends to proactively identify risks and opportunities, and adjust sourcing strategies as needed.
  • Develop and maintain strong relationships with internal stakeholders, including accounts payable, finance and operations teams.
  • Provide regular updates and reports on sourcing activities, performance metrics, and cost savings achievements to senior management.
  • Provide analytical support for sourcing decisions, including spend analysis, supplier performance evaluation, and cost-benefit analysis.
  • Ensure compliance with company policies, procedures, and regulatory requirements throughout the sourcing process.
  • Work closely with cross-functional teams and interact with internal and external stakeholders on a regular basis.
CANDIDATE PROFILE
  • Bachelor's degree in Business Administration, Supply Chain Management, or related field.
  • Minimum of 3-5 years of experience in strategic sourcing, procurement, or supply chain management roles.
  • Proven track record of developing and executing successful sourcing strategies to achieve cost savings and improve supplier performance.
  • Strong negotiation skills and experience in contract management and supplier relationship management.
  • Excellent analytical and problem-solving abilities, with the ability to interpret complex data and make data-driven decisions.
  • Exceptional communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams and build strong relationships with internal and external stakeholders.
  • Detail-oriented with strong organizational skills and the ability to manage multiple priorities in a fast-paced environment.
  • Proficiency in Microsoft Office Suite, with advanced Excel skills (e.g., pivot tables, vlookup, data analysis) is required.
  • Experience with procurement software tools such as Coupa and ERP systems (e.g., SAP, Oracle) is a plus.
  • Occasional travel to Canada, property locations, supplier sites or industry events may be required.
BENEFITS
  • Competitive Base Salary and performance bonus
  • A robust package of Health (Medical (PPO), Dental, Vision), 401k matching, paid vacation suite benefits and employer-paid Short & Long-Term Disability, among other things
  • Educational Assistance / Reimbursement to support your drive to learn
  • Opportunity for career advancement across various divisions and departments within the corporate office
  • Better Living programs where you are incentivized to reach personal goals or participate in company-wide challenges
  • Quarterly Lifelong Learning Challenges to support your professional growth in ways that are meaningful to you
  • 8 paid hours per year of Volunteer Time Off to serve the organization(s) of your choice
  • Free enrollment into the Dave Ramsey SmartDollar financial wellness program, including the EveryDollar budgeting app
  • Access to thousands of employee discounts with BenefitHub


Venterra Realty is an equal opportunity employer. Accessibility accommodations are available on request for candidates taking part in all stages of the selection process.