Vice President, Procurement

Blue Cross Blue Shield of Massachusetts•Boston, MA

7d•Hybrid

About The Position

Ready to help us transform healthcare? Bring your true colors to blue. Reporting directly to the Executive Vice President & Chief Financial Officer, the Vice President of Procurement will lead BCBSMA's enterprise procurement, sourcing and vendor contracting strategy. As BCBSMA continues to transform how we work and deliver, this role will be pivotal in shaping how the enterprise partners with vendors to drive and balance speed, quality and innovation. This newly created role will serve as a strategic enterprise enabler, ensuring that every dollar spent and every vendor relationship advances our mission - making it easier for our teams to move faster, deliver smarter while continuing to operate with strong discipline. By strengthening our procurement ecosystem, this leader will enable the organization to make more strategic, data-informed decisions and position BCBSMA to achieve its long-term financial, operational and culture goals. Overseeing a team of 15-20, with an annual spend of ~$400 million across 750 vendors, the VP will drive a best-in-class procurement function that delivers faster execution, stronger vendor relationships, and greater enterprise value - ensuring that sourcing, contracting and vendor oversight are efficient, compliant and strategically aligned with BCBSMA's priorities. This leader will partner closely with Legal, Enterprise Technology, Risk Management, and Security to balance agility with governance and advance our commitment to operational excellence and enterprise enablement.

Requirements

15+ years of experience in procurement, vendor management and sourcing In large, enterprise-wide teams.
Proven experience driving procurement transformation in complex, regulated, or matrixed environments
Deep knowledge of sourcing strategies, contract lifecycle management, vendor risk management and spend optimization
Strong financial acumen and experience managing multi-million-dollar budgets
Demonstrated ability to partner effectively with senior leaders and Influence enterprise decisions
Healthcare or insurance experience is strongly preferred
Commitment to being in the office at least two days a week (offices in Hingham and Back Bay), after successful onboarding with more in-office presence.
High school degree or equivalent required unless otherwise noted above

Nice To Haves

Healthcare or insurance experience is strongly preferred

Responsibilities

Define and lead the enterprise procurement and vendor management strategy - with emphasis on balancing cost, quality, risk and speed to meet evolving business needs.
Establish and maintain a consistent vendor management framework to ensure disciplined selection, evaluation and performance monitoring of vendors across the enterprise.
Oversee all non-provider contracting in close partnership with key business stakeholders to ensure timely, high-quality agreements that protect and enable the organization.
Collaborate with key business stakeholders (Enterprise Technology, Security, and Finance) partners to ensure sourcing and contracting decisions align with the enterprise strategy and business priorities.
Streamline procurement processes and leverage technology and AI to Improve cycle time, visibility, and value creation across spend categories.
Lead, mentor and develop a 15-20-person team, fostering a culture of collaboration, accountability and continuous improvement.

Benefits

We offer comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), and a suite of well-being benefits to eligible employees.

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