VP, Sourcing Category Management - Branches & Facilities

SECU • Raleigh, NC

8d

About The Position

If you are motivated and believe in the credit union philosophy of "People Helping People," join our team! This role involves utilizing Strategic Sourcing Process (SSP) Methodology and robust Supplier Relationship Management (SRM) practices and tools to source and manage assigned spend categories. The VP will lead, supervise, and develop team members, and work with internal teams to understand overall requirements and assumptions related to new engagements to ensure contractual obligations are aligned. This position leads RFP engagements, understanding project requirements, evaluating potential bidders, and creating the RFP package for submission, reviews supplier submittents, and proactively takes steps in the negotiation process to mitigate risk and guarantee performance by the suppliers. The role also partners with Business Owners, Third Party Risk Management (TPRM), and Legal to establish standards for contract language, supplier negotiations, overall management, and dispute resolution. Ensures all agreements are reviewed, following appropriate approval processes and approved by Legal. The VP will review new and existing contracts, agreements for assigned categories, and statements of work to achieve optimal terms and pricing as well as mitigate overall risk and ambiguity. This role leads all phases of contracts from initiation, negotiations, maintenance, and regular review, proactively driving performance and cost optimization. The ability to interpret contractual language, perform risk mitigation and communicate with internal stakeholders, project, and operational support teams is crucial. The VP will develop relationships with Business Owners and engage appropriate stakeholders to result in maximum benefit for the entire contract portfolio and to become recognized as a strategic business partner and gain a seat at their table. Works with Business Owners to establish standards for company, product, service, and integration protocols. Ensures that agreements include appropriate warranty periods and performance guarantees. Ensure that SLAs are well documented and can be accurately tracked. Reviews contractual obligations with internal teams and suppliers to ensure responsibilities are known, documented, and agreed to by both parties. Ensure documents and agreements are filed appropriately and ensure stakeholders understand scope, risks, termination clauses and performance guarantees. Leads change requests and is point of escalation for contractual ambiguity or disputes. Research contractual terms and provide interpretation of contractual language supporting the dispute. Works directly with suppliers to resolve disputes and escalate to internal management as needed. Proactively manages all contracts to ensure maintenance of contract term dates, renewal clauses, termination details and non-disclosure agreement dates, issues and escalations with status and resolution dates. Develop timelines for contractual reviews based on complexity and provide overall status of contract reviews and escalations. Leverage interpersonal relationship strengths to manage disputes and drive change in supplier behaviors. Works effectively with cross-functional senior management teams to find opportunities for improved supplier/contract management and drives continuous process improvement.

Requirements

• Deep purchasing, procurement, supply chain management and strategic sourcing background.
• 10 years minimum category management experience.
• Minimum 10 years of people management experience.
• Breadth and depth of indirect products, goods and services category management experience utilizing Strategic Sourcing Process (SSP) methodology, preferably in the Financial Services industry.
• Independent thinker, able to adapt and shift paradigms while executing aggressively, handling challenges and ability to work with minimal supervision in cross-cultural and diverse environments.
• Practical experience with spend management tools (e.g., Ariba, ZYCUS, Jaegger), spend analysis, supply chain reporting and procurement enterprise resource planning systems and tools (e.g., Workday/Scout/SAP/Oracle).
• Demonstrated experience and highly skilled at time management, prioritization, project management, negotiations, risk management, communications, and change management.
• Bachelor’s degree in supply chain management, business, finance, accounting, and 10 years’ sourcing experience required.

Nice To Haves

• Master’s degree preferred (MBA, MS, etc.).
• Certifications in supply chain, procurement, accounting inventory management, operations management or process improvement would be highly beneficial (CPA, CFA, CPSM, C.P.M., PMP, Lean/Six Sigma Green Belt or higher, etc.).

Responsibilities

• Utilize Strategic Sourcing Process (SSP) Methodology and robust Supplier Relationship Management (SRM) practices and tools to source and manage the assigned spend categories.
• Lead, supervise and develop team members.
• Work with internal teams to understand overall requirements and assumptions related to new engagements to ensure the contractual obligations are aligned.
• Lead RFP engagements, understanding project requirements, evaluating potential bidders, and creating the RFP package for submission.
• Review supplier submittents, and proactively take steps in the negotiation process to mitigate risk and guarantee performance by the suppliers.
• Partner with Business Owners, Third Party Risk Management (TPRM), and Legal to establish standards for contract language, supplier negotiations, overall management, and dispute resolution.
• Ensure all agreements are reviewed, following appropriate approval processes and approved by Legal.
• Review of new and existing contracts, agreements for assigned categories, and statements of work to achieve optimal terms and pricing as well as mitigate overall risk and ambiguity.
• Lead all phases of contracts from initiation, negotiations, maintenance, and regular review, proactively driving performance and cost optimization.
• Interpret contractual language, perform risk mitigation and communicate with internal stakeholders, project, and operational support teams.
• Develop relationships with Business Owners and engage appropriate stakeholders to result in maximum benefit for the entire contract portfolio and to become recognized as a strategic business partner and gain a seat at their table.
• Work with Business Owners to establish standards for company, product, service, and integration protocols.
• Ensure that agreements include appropriate warranty periods and performance guarantees.
• Ensure that SLAs are well documented and can be accurately tracked.
• Review contractual obligations with internal teams and suppliers to ensure responsibilities are known, documented, and agreed to by both parties.
• Ensure documents and agreements are filed appropriately and ensure stakeholders understand scope, risks, termination clauses and performance guarantees.
• Lead change requests and is point of escalation for contractual ambiguity or disputes.
• Research contractual terms and provide interpretation of contractual language supporting the dispute.
• Work directly with suppliers to resolve disputes and escalate to internal management as needed.
• Proactively manage all contracts to ensure maintenance of contract term dates, renewal clauses, termination details and non-disclosure agreement dates, issues and escalations with status and resolution dates.
• Develop timelines for contractual reviews based on complexity and provide overall status of contract reviews and escalations.
• Leverage interpersonal relationship strengths to manage disputes and drive change in supplier behaviors.
• Work effectively with cross-functional senior management teams to find opportunities for improved supplier/contract management and drive continuous process improvement.

Benefits

• Equal employment opportunity to all qualified persons regardless of race, color, religion, age, sex, sexual orientation, gender identity, national origin, genetic information, disability, veteran status, or other classification protected by law.

What This Job Offers

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