Manager - Strategic Sourcing Commodity

Newrez LLC•Coppell, TX

About The Position

Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications. We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation. PURPOSE/SCOPE Identify and leverage corporate purchasing power within indirect categories such as professional services, consulting, technology (software, hardware, maintenance), facilities, human resources, marketing, finance, shared services, mortgage originations and servicing core functions, and other assigned commodities. Partner with internal business units to improve quality of procurement, sourcing penetration and contribution. Engage customers in a managed selection process. Manage and facilitate contracting and negotiation processes to ensure contractual protection. Provide proactive strategic sourcing support to Business Units to drive cost reduction, operational efficiencies, and risk mitigation.

Requirements

Creativity, integrity, and Innovation – is creative and inclusive in approach, honest, accountable, upholds ethical standards and maintains confidentiality, as required. Demonstrates integrity in handling sensitive negotiations and managing key supplier relationships
Effective Change Agent and Communicator - demonstrates advanced verbal and written communication skills, with added focus on listening and ability to develop and present subject matter materials to all levels of the organization
Consistently Demonstrate Quality Customer Focus and Leadership – is a self-starter, assertive and a team player, striving to provide stellar service to the assigned Business Units
Problem Solving and Conflict Leadership – strives to understand contributing factors, works to resolve complex challenges, and works with others to effectively resolve conflicts
Delivering Results – sense of urgency – defines appropriate goals, works toward achieving goals, articulates vision and steps for achievement, meets deadlines and provides timely status updates and follow-through
Teamwork / Cooperation – accountable to team, works with others to meet established milestones, appreciates view of team members and is respectful of others
Initiative – acts, seeks new opportunities, and strives to see projects through to completion
Work Reliability/Quality – strives to eliminate errors, values accurate work as a priority, and seeks opportunities to improve deliverables
Knowledge of Work Areas and Responsibilities – demonstrates a clear understanding of the role and associated responsibilities within the assigned area(s), remaining flexible and agile in adapting to changes or exploring opportunities and challenges: Drives leveraging of spend and consolidation of supply base, as appropriate Develops, executes, and manages leveraged contracts / agreements, and negotiation tactics Shares expertise with others and takes a leadership role in mentoring others
Strong background and knowledge of expenditure analysis and Strategic Sourcing processes and practices
Experience in development of sourcing savings plans, and for designing sourcing support models that reach the greatest number of potential customers at the lowest cost to the company
Strong understanding and experience in working with a large supply base
Broad working knowledge of procurement best practices and trends
Strong knowledge of sourcing products / services for supporting internal and external groups in a services industry
Understanding and commitment to continuous business improvement process
Capable of working closely with internal customers, cross-functional teams, business units, support partners and suppliers – exhibits leadership behaviors
Effective planner and organizer
Ability to manage multiple projects and tasks effectively
Analytical ability to develop and execute strategic and tactical plans
Possess strong financial skills and knowledge of business law
Minimum 5-7 years’ experience delivering category specific sourcing service, strategic sourcing, supplier / category management and compliance management
4 Year College Degree

Nice To Haves

Financial Services experience a plus
Professional Procurement Qualification (CIPS / CPM or equivalent preferred)
MBA / JD and appropriate professional affiliations / preferred
eProcurement / eSourcing technology experience, in particular Workday and Conga skills a plus
Leading project teams experience desirable

Responsibilities

Develop and manage relationships with internal Business Units
Drive early engagement, sourcing penetration, customer compliance and relationships with assigned Business Units
Guide sourcing projects within overall acquisition strategy, identify opportunities to reduce costs, create operational efficiencies, and assist in mitigating risk
Socialize sourcing / contracting processes to internal customers, recommend project approach and secure approvals from Business Units, Support Partners, and Executive Leadership as required
Formulate procurement and category-specific strategies, policies, and lead implementations, driving Business Unit compliance
Assist in developing product and service specifications according to best practices in cooperation with Business Units and Support Partners
Monitor category trends and conduct market research as needed
Conduct RFx activities, as necessary
Manage negotiation process with suppliers jointly with Business Units and Legal department
Manage supplier relationships in collaboration with Business Units and Vendor Management
Overall, manage all aspects of assigned Business Units, Categories and Contracts

Benefits

Medical, dental, and vision insurance
Health Savings Account with employer contribution
401(k) Retirement plan with employer match
Paid Maternity Leave/Parental Bonding Leave
Pet insurance
Adoption Assistance
Tuition reimbursement
Employee Loan Program
The Newrez Employee Emergency and Disaster Fund is a new program to support our team members
Newrez NOW: Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more
1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice
Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee
Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions