VP, Sourcing

Synchrony•Cincinnati, OH

1d•Hybrid

About The Position

Role Summary/Purpose: The Sourcing Commodity Team Leader – Software will lead a team of Sourcing Commodity professionals and be responsible for developing and executing sourcing commodity and supplier strategies for Software areas that span across sourcing. This leader will partner with the business teams and be an integral part of developing the sourcing strategy to deliver on cost reductions, supplier consolidation, supplier oversight, and manage/mitigate supplier and business risks. This leader will need to drive a supplier strategy across Synchrony to optimize cost savings and develop strong cross functional team relationships. The Sourcing Team Leader will also be responsible for managing their own suppliers, including developing sourcing strategies, executing the sourcing process ensuring supplier compliance during on-boarding and renewal time periods and negotiating the contractual agreements of assigned suppliers. Our Way of Working We’re proud to offer you flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute or travel for in person engagement activities such as business or team meetings, training and culture events.

Requirements

Bachelor’s degree and 10+ years of progressive leadership experience within Sourcing/Supply Chain or related function and demonstrated strength in leadership, execution, and proven cost reduction contributions
In lieu of a degree, 14+ years of progressive leadership experience within Sourcing/Supply Chain or related function and demonstrated strength in leadership, execution, and proven cost reduction contributions
8+ years of experience managing processes and/or projects
You must be 18 years or older
You must have a high school diploma or equivalent
You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process
You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.
New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months’ time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months’ time in position before they can post.
All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don’t meet the time in position or performance expectations).
Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening.

Nice To Haves

Proven strong facilitation and team leadership skills
Outstanding written and oral communication skills at all levels of the organization
High enthusiasm and desire to work in fast paced, ever changing environment
Proven ability to work cross functionally and influence teams
Proven ability to manage complex initiatives across multiple teams/platforms and work with little supervision
Strong commercial skills and ability to interact with suppliers
Demonstrated project management skills
Proven quantitative and analytical skill set
Strong PC proficiency (Microsoft Suite including: Word, Excel, PowerPoint, and Outlook) or comparable software application
Experience with Coupa, Ariba, or other Source to Pay applications.

Responsibilities

Provide overall sourcing leadership to the Software sourcing team to ensure compliance to key processes, timely negotiation of contracts and create tracking to measure workload and through put
Provide coaching, mentorship and development to a team of direct reports
Develop, implement, and lead the Software supplier strategy for assigned suppliers ensuring sourcing process integrity, business protections, productivity optimization and supplier performance
Develop and implement a commodity sourcing operating plan/growth playbook for assigned suppliers working cross functionally to ensure alignment with business strategies, goals, and objectives
Develop and execute business sourcing strategies, this is at least a process that is executed and documented twice a year. This will include aligning with the business functions and finance representatives
Develop and track KPI’s to ensure goals are met
Utilize Coupa to optimize the sourcing process, including competitive sourcing and benchmarking
Partner with the balance of the Source to Pay team to optimize purchases and processes
Develop strategies to utilize competitive leverage across business functions and Synchrony
Provide functional leadership for the suppliers you own and ensure a strong process to develop comprehensive supplier / buyer contractual relationships to meet the business needs and leverage professional expertise with Legal and business owners to negotiate and draft comprehensive commercial agreements
Provide oversight of supplier compliance with regulatory and reputational requirements throughout all stages of the sourcing process
Utilize competitive tools to leverage competition and drive cost reductions
Perform other duties and/or special projects as assigned