Sourcing Manager

Visa•Foster City, CA

19d•Hybrid

About The Position

This is a mid-level role within Visa’s Global Sourcing organization supporting Visa’s VAS and Product organizations. The responsibilities range from building relationships with business and supplier stakeholders and working at all levels of the organization to drive strategic decisions and deliver savings while balancing the risks and regulatory issues from engaging third parties. You will need a strong sense of urgency and the ability to balance short vs. long-term needs. This role will independently lead deals and relationships based on the category strategy as well as support the sourcing category leads. You are accountable for enabling strategies to deliver sustainable results across a range of subcategories by identifying new opportunities for value and process improvement.

Requirements

5 or more years of relevant work experience with a Bachelors Degree or at least 2 years of work experience with an Advanced degree (e.g. Masters, MBA, JD, MD) or 0 years of work experience with a PhD
5+ years of experience in Procurement with a bachelor’s degree or 3+ years of experience in Procurement with an Advanced Degree (e.g. Masters, MBA)
Experience in strategic sourcing using a formal 7 step sourcing process.
2+ years supporting the development and management of category plans or sourcing strategies
Experience working in a global and matrix organization
Deep understanding of cost models and performance metrics
Superior analytical and problem-solving skills using tools such as Microsoft Excel, PowerPoint, and PowerBI
Demonstrated contract and agreement negotiation experience, including development of negotiating plans and strategies
Strong stakeholder relationship-management skills and ability to communicate effectively, and collaborate with, senior-to-exec management
Excellent written, oral and presentation skills and an ability to synthesize information and make clear, concise recommendations on course of action. You need to be able to tell compelling stories through insights and data
Proficiency in purchasing systems and organizational interfaces (including Ariba, Coupa, DocuSign, and Oracle

Nice To Haves

6 or more years of work experience with a Bachelors Degree or 4 or more years of relevant experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or up to 3 years of relevant experience with a PhD

Responsibilities

Deliver end-to-end sourcing services.
Lead sourcing processes, including executing RFx processes, conduct negotiations, review contracts, and manage other sourcing-related activities.
Ensure that all procurement actions are efficient, cost-effective, and compliant with Visa's policies
Participate in supplier selection and moderately complex contract negotiations, involving legal and other departments as necessary, to achieve favorable terms on quality, delivery, and price, and ensure end-user needs are met and deliver cost savings
Drive completion of simultaneous projects by proactively considering new alternatives and driving critical thinking to optimize results
Build relationships and effectively partners across varied functions with internal stakeholders, external suppliers, agencies, and colleagues to foster open and collaborating communication and influence change
Create, write, negotiate, and review supplier contracts. Work with internal business partners to establish agreements that reflect the interests of the company
Manage and analyze large datasets, and information sources to support business cases and the development of category strategies, negotiation plans, and internal discussions
Take part in and prepare materials for quarterly reporting, regularly recurring team meetings, and ongoing updates to peers and leaders around the organization
Maintain external focus by leveraging industry peers, organizations, associations and by continuing to build strong relationships outside of Visa
Provide high level education to business partners on the overall continuous strategic sourcing process from needs identification, through supplier performance management across multiple partners
Contribute significantly to the achievement of defined category performance targets and assist in driving the performance of associated suppliers, measure supplier’s performance to ensure performance meets expectations
Communicate effectively and frequently, listen carefully, and actively seek and value the perspectives of others
Support various category leaders in developing supplier plans with a focus on continuous improvement and innovation
Support a high level of change management initiatives that require a strong understanding of external industry’s best practices and implementation of Visa wide policies