Senior Sourcing Manager

Assurant

1d•$88,000 - $147,000

About The Position

The Senior Sourcing Manager is responsible for all phases of strategic sourcing for a specific set of initiatives/deals/agreements within assigned team. This role requires the skills necessary to understand the vendor landscape, drive cost saving opportunities, creatively negotiate, generate contracts to assure seamless availability of all products to support the company objectives and employ the best practices of the sourcing industry at all times.

Requirements

Bachelor’s degree required
At least 6 years’ experience in either the Sourcing or Procurement industry
Minimum of 4 years’ experience category and contract management for outsourcing services or procurement commodity purchases
Cross functional experience at the interfaces of IT/technology/operations/finance/sales/marketing/legal/HR/Real estate & facilities, and the lines of business
Address escalations/disputes between cross-functional stakeholders and suppliers and/or engage leadership as appropriate
Commitment to supplier diversity
Ability to manage projects and accountable to ensure successful delivery (on time, within budget, meeting agreed upon success criteria)
Good knowledge of the legal terminology and language related to third-party agreements and contracts
Application of sourcing and supplier industry concepts for assigned scope of responsibility
Advanced skills and working knowledge of MS Office and MS Excel
Must have strong presentation and communication skills
Ability to interact with the mid-levels of executive leadership within Assurant and the supplier
Must ensure compliance at all times with company business policies and procedures

Nice To Haves

Preferred in people leadership experience in Sourcing or Procurement
Experience with ServiceNow and Apttus preferred

Responsibilities

Responsible for negotiating best possible cost service guarantee and develop “win-win” strategies that achieve sustainable relationships with suppliers for assigned initiatives/agreements
Evaluate supplier core competencies and competitive positioning using industry cost models
Implement supplier agreements/contracts working with cross-functional stakeholders and suppliers to reach agreement on contract terms and conditions
Research and anticipate shifts in the negotiating power of suppliers within assigned categories
Understand industry trends and evolving technology to help team proactively identify issues to minimize risk, protect continuity of services, and utilize emerging opportunities
Provide input to vendor selection and build ongoing vendor relationships
Maintain and develop supplier relationships (trade shows, supplier meetings, conferences, etc.)
Understand and support short-term and long-range planning and budget development of the company to support strategic business goals
Support established vendor governance program with key suppliers including metrics, performance goals and improvement initiatives
Adhere to Sourcing policies and standard processes while ensuring compliance within the department
Seek to continuously improve productivity and efficiency of processes throughout the Sourcing organization
Support forecasts for future renewals, demand needs, and expansion of services in a timely fashion for assigned category(s) based upon vendor lead-time
Understand the cost drivers in assigned category/market, and challenge traditional thinking by presenting new information
Manage and mentor direct reports encouraging professional growth & development
Oversee staffing/recruiting/training /coaching of direct reports including performance reviews
Support Global Sourcing teams annual operating budget, savings targets, and strategic initiatives
Monitor value leakage within key supplier agreements
Solid understanding of financial planning process to ensure initiatives result in savings and savings are extracted from FP&A process across multiple cost centers, functions, and entities
Should have solid understanding of financial planning process to ensure initiatives result in savings and savings are extracted from FP&A process across multiple cost centers, functions, and entities
Monitor supplier performance, outsourcing portfolio, and opportunity catalog across an assigned scope of supplier services and outsourced functions.
May have responsibilities with a matrixed global team of outsourced providers and an analyst team offshore
Responsible for executing projects that may deliver not only cost savings but also continuous improvement and cost optimization of suppliers and spend, while balancing the needs and desired business results of stakeholders.