Sourcing Manager

Synovus Bank•Columbus, GA

About The Position

Manages sourcing plans and activities for assigned product categories from inception to completion. Works with line-of-business category owners on procurement planning and contract negotiations, using current and future business requirements, market intelligence, and historical spend information to guide negotiations. Develops category strategies to simplify the supply base, create business value, and reduce costs and spending. Provides management with periodic reviews of spend reports, savings reports, and industry analyses. The role collaborates with business units and cross-functional risk partners, including Legal, Compliance, Risk, and Information Security, to address requirements in contracts and manage outsourcing risk. It researches sources of supply, evaluates suppliers and market trends, and develops sourcing strategies and plans. The position also maintains supplier relationships, monitors performance, initiates corrective actions when expectations are missed, and improves sourcing processes, tools, templates, systems, and contract effectiveness. Team members are expected to understand and manage risks within their functional areas, follow applicable policies and regulations, and promptly report known or suspected violations. The position also supports client financial needs by identifying appropriate referrals to specialty areas, assists colleagues in delivering service, and performs other related duties as required. The description represents the general nature and level of work and is not a comprehensive list of all duties or qualifications.

Requirements

Bachelor's degree in Business Administration or a related discipline, or an equivalent combination of education and experience.
Six years of experience in a procurement sourcing role, including contract negotiation and collaboration with cross-functional teams.
Valid driver's license.
Ability to sit, stand, walk, talk, hear, climb, bend, kneel, crouch, or crawl regularly.
Ability to see objects up close or at a distance, use peripheral vision, identify basic colors, and use hands and reach.
Ability to lift or exert force up to 10 pounds; weight/force exertion is required less than 25% of the time.
Travel required less than 10%.

Responsibilities

Work with business unit management or line-of-business category owners to identify procurement needs, objectives, schedules, statements of work, and service level expectations.
Ensure business requirements are addressed in final contracts or agreements.
Manage, draft, and negotiate contracts and agreements in accordance with established policies, procedures, and industry best practices.
Identify and recommend savings while balancing quality and contracting goals.
Collaborate with Legal, Compliance, Risk, and Information Security on contract negotiations and risk management.
Research and develop sources of supply for assigned categories.
Create and refine sourcing strategies to optimize the supplier base, including supplier consolidation and standardization.
Evaluate price trends, new products, service levels, and processes.
Work with Procurement team members to develop strategic sourcing plans and pipelines one to two years ahead.
Evaluate suppliers and develop supplier selection criteria for spend categories.
Maintain business partner relationships and serve as a liaison between Pinnacle and suppliers to resolve problems.
Develop and review supplier performance data and implement continuous cost and quality improvements.
Initiate corrective actions when expectations are not met.
Develop and refine sourcing processes, tools, and templates for use across business partners and categories.
Recommend systems and process improvements to increase contract effectiveness.
Maintain knowledge of industry trends and best practices.
Observe applicable policies, procedures, laws, regulations, and role-specific risk limits, and report known or suspected violations to the appropriate Company authority.
Help meet clients' business and personal financial needs and refer them to specialty areas as appropriate.
Assist other team members as needed and perform other related duties.