Sr. Strategic Sourcing Lead

Lincoln Financial • Radnor, PA

3d • $96,900 - $176,200 • Hybrid

About The Position

The Sr. Strategic Sourcing Lead role serves as the subject matter expert responsible for developing and executing sourcing and category management strategies across key corporate functions. Categories may include, but are not limited to, Finance, Human Resources, Professional Services, Consulting, Outsourcing and Managed Services, Business Process Services, and enterprise business support solutions. This role partners closely with stakeholders across corporate functions to understand business objectives, operating requirements, and value delivery expectations. Using a structured, data-driven approach, the Sr. Strategic Sourcing Lead will translate business needs into sourcing strategies, lead competitive procurement initiatives, negotiate complex supplier agreements, and drive supplier performance and governance programs. The role is also responsible for identifying and implementing continuous improvement opportunities that optimize cost, mitigate risk, enhance service delivery, and demonstrate the strategic value of Procurement throughout the end-to-end source-to-pay lifecycle and ongoing supplier relationship management process.

Requirements

• Bachelor’s Degree in Business or related field plus minimum of five (5) years’ strategic sourcing or related supply chain management experience, to include demonstrated track record in driving supplier rationalization and cost-out programs in a cross functional environment
• Demonstrated use of eSourcing, spend analytics, contract management and procure to pay systems and processes and their application in developing and implementing strategic sourcing strategies in a multi-site environment
• In-depth and hand’s on engagement and use of Procurement systems and processes on an enterprise level
• Intimate familiarity with the Procurement strategic sourcing process and associated foundational interdependencies (people, technology/systems including procure-to-pay, etc.)
• Solid understanding and proven application of Operational Excellence and Lean Sigma techniques
• Familiarity with supplier management processes and measures
• Excellent project, program and time management skills and techniques
• Ability to work with and rationalize variable data from multiple data points / systems and turn same into competitive intelligence and knowledge for decision making
• Demonstrates excellent interpersonal skills with collaborative style.
• High proficiency in the use of Microsoft Office applications (Word, Excel, PowerPoint, Outlook)

Nice To Haves

• Masters of Business Administration or Advanced Degree highly desirable.
• Familiarity with (to include certification e.g. Green Belt) with Operational Excellence / Lean Sigma tools and processes highly desirable.
• Certified Professional in Supply Management (CPSM), Certified Purchasing Manager (C.P.M.), and Certified Professional in Supplier Diversity (CPSD) desirable

Responsibilities

• Leading cross-functional teams in the development and implementation of strategic sourcing strategies and demand management opportunities for assigned categories of expenditure.
• Ensuring sourcing strategies align with and support accomplishment of business objectives across dimensions of service, total cost, security of supply, quality, and appropriate compliance or regulatory needs.
• Collaborating with internal stakeholders in the development of key supplier strategies to include cost-out initiatives.
• Establishing and meeting/exceeding savings and benefit delivery targets for assigned categories over an extended time frame and ensuring such targets are enabled via agreed sourcing strategies and supporting business unit/LFG-wide cost management objectives.
• Building strategic relationships with key suppliers and working with internal stakeholders and other parties in conducting regular performance reviews to ensure LFG’s business requirements are being met.
• Regularly conducting sophisticated analysis on both the marketplace and suppliers within assigned categories of spend and leveraging this information with internal clientele in developing sourcing strategies that will maximize total value.
• Preparing and presenting category business cases and cost models.
• Leading the negotiation of tactical and strategic (linked to broader sourcing strategies) contracts for use in multi-site locations and working intensely with LFG Legal counsel to ensure ways of working and practices are streamlined and minimize risk for LFG.
• Managing supplier contracts for assigned spend categories throughout the agreement’s lifecycle ensuring proactive management of agreement expirations, amendments / addendums, etc. aligned to category strategies.
• Participating in or lead cross-functional LFG councils, panels or communities of practice to provide ongoing governance and thought leadership around continuous improvement and compliance for strategic spend areas.
• Demonstrating a high proficiency around influencing skills and building consensus; promoting a collaborative style while ensuring project timelines and objectives are met or exceeded.
• Providing training and development opportunities, including stretch assignments, for subordinates (if applicable) and giving honest and open feedback to aid in the development of talent.

Benefits

• Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes
• Leadership development and virtual training opportunities
• PTO/parental leave
• Competitive 401K and employee benefits
• Free financial counseling, health coaching and employee assistance program
• Tuition assistance program
• Work arrangements that work for you
• Effective productivity/technology tools and training

What This Job Offers

• Job Type: Full-time
• Career Level: Senior