Strategic Sourcing Director

Univest Financial Corporation•Souderton, PA

9h•Hybrid

About The Position

At Univest, we believe strong partnerships and thoughtful strategies drive lasting success. As our Strategic Sourcing Director, you will play a pivotal role in shaping how we build and manage relationships with the vendors and partners who support our organization’s growth and service excellence. In this role, you will lead the development and execution of a forward-thinking sourcing strategy that aligns with Univest’s mission, values, and long-term vision. You will collaborate across departments to identify opportunities, optimize spending, and ensure we are delivering exceptional value always with a focus on integrity, transparency, and mutual success. This is more than procurement, it's about building trusted partnerships, strengthening operational efficiency, and supporting the financial well-being of the communities we serve.

Requirements

Bachelor's degree in Supply Chain Management, Business Administration, Finance, or a related field.
7+ years of strategic sourcing or procurement experience, with demonstrated success managing complex vendor relationships and commercial negotiations.
Experience in banking, financial services, or a similarly regulated industry strongly preferred.
Proven track record of building or maturing a sourcing function, with the ability to operate effectively in an environment where processes are still being established.
Strong knowledge of contract structures, negotiation strategy, and vendor risk management principles.
Comfort working with senior and executive-level stakeholders across business units.
Proficiency with sourcing/contract management tools (e.g., Ariba, Coupa, Jaggaer); ERP familiarity a plus.
Excellent analytical, communication, and organizational skills.
CPSM (Certified Professional in Supply Management) or equivalent certification preferred
Experience with third-party risk management (TPRM) frameworks and regulatory requirements common to financial institutions preferred
Familiarity with indirect spend categories including technology, professional services, facilities, and operations.
Experience using spend analytics tools or BI platforms to inform sourcing decisions and executive reporting.

Responsibilities

Establish and lead enterprise-wide strategic sourcing processes, including vendor selection, evaluation criteria, contracting standards, and lifecycle governance
Build and maintain a vendor inventory and rationalization framework, identifying opportunities to reduce redundancy and consolidate spend
Develop and enforce sourcing governance policies, intake standards, and approval frameworks in collaboration with key stakeholders
Define preferred vendor standards and maintain a vendor rationalization roadmap
Lead competitive sourcing processes including RFx design and execution, vendor outreach, evaluation, and award recommendation
Own contract negotiations and commercial engagements for new vendors and renewals, driving favorable terms, SLAs, and pricing structures
Manage contract renewals, extensions, and renegotiations, maintaining pricing consistency and contractual compliance
Leverage enterprise-scale buying power to optimize cost and performance across the vendor portfolio
Build and manage a preferred vendor program, including performance monitoring and ongoing relationship management
Serve as the primary liaison between business units and vendor contacts
Proactively review vendor agreements to identify cost savings, consolidation opportunities, and risk exposure
Partner with Legal, Risk, and Compliance to ensure contracts meet regulatory and organizational standards
Serve as primary liaison for vendor-related requests working with business units to assess, prioritize, and manage demand
Collaborate with Finance, Legal, Risk, Compliance, and Technology to align sourcing activity with enterprise priorities and risk appetite
Drive process consistency and reduce vendor sprawl through disciplined intake and portfolio oversight
Provide regular reporting and visibility into sourcing activity, vendor performance trends, and portfolio health for leadership

Benefits

Health Insurance: Medical, dental and vision coverage (single or family; begins the first of the month following start date)
Retirement Plan: Participation in 401(k) plan with up to a 3% employer match after 6 months of employment
Paid Time Off (PTO): 25 days annually (prorated your first year)
Short Term Disability: 12 weeks of sick time with a doctors note after 6 months of service
Holiday Time Off: 11 paid holidays
Commissions: paid quarterly based on individual and team production
Company paid life insurance
Supplemental insurances
Tuition reimbursement
Employee Wellness programs: including fitness club discounts and fitness tracker discounts/ annual reimbursement
Discounts: on loan products
Professional development trainings