Sr. Sourcing Specialist
About The Position
When you join the team at Unum, you become part of an organization committed to helping you thrive. Here, we work to provide the employee benefits and service solutions that enable employees at our client companies to thrive throughout life’s moments. And this starts with ensuring that every one of our team members enjoys opportunities to succeed both professionally and personally. The Sr Sourcing Specialist is part of Unum’s global supply management organization and is responsible for leading the sourcing and execution of projects, contracting, and supplier relationship management across the enterprise utilizing project management skills to drive results and manage deadlines. These responsibilities include work in partnership to manage cost, quality, and delivery performance of Unum’s Supply Base. Key activities include management of cost reduction projects, assisting with strategic sourcing activities for new and existing programs, supplier contract negotiations and administration, supplier performance management, and developing and driving customized supplier and sourcing strategies.
Requirements
- Bachelor’s Degree in Business, Supply Chain Management (or equivalent work experience) and at least 5-8 years of Procurement, Category Management, Supplier Management or Sourcing.
- Relationship and communication skills with ability to collaborate with and influence internal and external partners across all levels and geographic markets; proven ability to initiate and maintain stakeholder engagement; ability to develop a deep and thorough understanding of business category goals and objectives as they relate holistically to the enterprise
- Strong negotiation, contracting, communication (verbal & written), influence and leadership skills.
- Strategic thinking and planning skills, balanced with proven track record of delivering tangible results in complex and matrix work environment
- Strong initiative with ability to set stretch goals and define steps to achieve results
- Proven skills to develop and implement sourcing and negotiation strategies.
- Demonstrated negotiation, presentation, and decision-making skills
- Ability to perform financial analysis (i.e., supplier capital projects, ROI, NPV, financial status, make vs. buy, lease vs. buy, etc.)
- Advanced PC skills required (Excel, Power Point, Word, etc.)
Nice To Haves
- Project Management experience considered a plus
Responsibilities
- Leads and participates on high energy, cross-functional teams responsible for developing, implementing, and executing of sourcing strategies specific to defined category in order to reduce cost and mitigate risk
- Manages and conducts RFX events related to low and medium complexity enterprise-wide sourcing projects (e.g., preparing bid analysis, process specifications, tests, reports, and other exhibits for critical and complex requirements, presenting sourcing recommendations, managing timeline related to bid/proposal - meetings, amendments, and notifications).
- Ensures proper control & consistent application of best practices for the enterprise through the use of sourcing and procurement processes.
- Develops negotiation strategies, gains alignment from business stakeholders, leads cross-functional, category-based negotiation teams using BATNA and other methodologies, and implements appropriate supplier risk analyses.
- Conducts complex analyses, including price/cost analysis, benefit analysis, and financial analysis.
- Has excellent understanding of requirements for contract development and evaluation.
- Works closely with key business owners, and subject matter experts throughout the organization to ensure that new requirements are sourced in a timely manner.
- Assists in analysis and interpretation of various procedures and guidelines as it relates to sourcing of goods and/or services.
- Supports and improves supply base development programs (e.g., supplier diversity, local economic development, green sustainability programs)
- Assist and consult with the business partners to create Service Level Agreements to effectively measure and manage supplier performance.
- Manages, coordinates, and tracks ongoing supplier relationship and performance by building supplier scorecards and conducting regular supplier feedback cycles to maintain or improve performance as appropriate.
- Ensure that the decision-making process is supported by technical and functional knowledge of the category and leading-edge analytical methods which encompass people, systems, and financial measures.
- Collaborate with legal to ensure contracts follow the contract review and approval process per company policy.
- Analyze supplier contracts and recommend appropriate changes
- Perform prospective supplier assessments including financial stability and customer reference checks
Benefits
- Award-winning culture
- Inclusion and diversity as a priority
- Performance Based Incentive Plans
- Competitive benefits package that includes: Health, Vision, Dental, Short & Long-Term Disability
- Generous PTO (including paid time to volunteer!)
- Up to 9.5% 401(k) employer contribution
- Mental health support
- Career advancement opportunities
- Student loan repayment options
- Tuition reimbursement
- Flexible work environments
- Healthcare benefits (health, vision, dental)
- Insurance benefits (short & long-term disability)
- 401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
