Strategic Sourcing Manager
1 month ago
A recognized services organization in Virginia is looking to fill an immediate need with the addition of a new Strategic Sourcing Manager to their growing team.
***This is a Hybrid opportunity requiring the qualified professional to work onsite 2 to 3 days in Vienna, VA.***
Responsibilities:
- Oversee the development and execution of sourcing strategies that support the company's strategic vision and goals and to support efficient business operations
- Collaborate with partners to align sourcing priorities, source selection, conduct market research, mitigate issues, and add value through insights
- Build and maintain relationships with lines of business, team members, management, key stakeholders, and external contacts (e.g., vendors, etc.)
- Collaboratively work with cross-functional teams to develop business unit requirements and Statement of Works
- Manage a competitive RFP process that is standardized with consistent language, evaluation criteria
- Participate in collaborative handoffs with staff to ensure effectively negotiated contracts that meet desirable financial terms and conditions
- Administer Non-disclosure agreements, Risk Assessments. and the supplier due diligence process in collaboration with the Risk team
- Analyze business unit requirements for leveraging opportunities, supplier recommendations, and acquisition planning
- Lead source selection activities of pre-qualified vendors, including conducting market analysis to determine potential sources
- Obtain and analyze vendor performance and delivery data to ensure quality, consistency, and fairness to inform sourcing activities
- Maintain vendor-related documentation, including source selection records, supplier performance information, compliance metrics, and value capture results
- Perform other duties, as needed
Qualifications:
- 7+ years of Procurement experience
- Working knowledge of procedures or strategic sourcing experience in financial services
- Bachelor's Degree in Business Administration or a related field
- Significant experience in preparing and reviewing RFPs, RFIs, SOWs, etc.
- Significant experience in strategic sourcing, category management, subcontracts management or procurement
- Significant experience in managing a formalized process of selecting, monitoring and evaluating vendors/vendor contracts
- Advanced skill translating business goals and objectives into IT capabilities
- Significant experience developing, negotiating, and managing Service Level Agreements
- Strong skills in Data Analytics and Data Manipulation
- Significant experience with Change Management and Organizational Transformation
- Great interpersonal skills
- Excellent communication skills (written and verbal)
- Strong attention to detail
- Highly organized
Desired Skills:
- Experience with Strategic Sourcing and/or Contracting
ID# 502629
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