Sourcing Manager

Job Summary

Sourcing Manager is responsible for to support initiatives/deals/agreements within assigned team. The role requires the skills necessary to understand the phases of sourcing and procurement deal execution and to be able to execute responsibilities with minimal/no supervision

Job Responsibilities

• Execute assigned strategic sourcing and procurement initiatives and agreements with little/no supervision required
• Seeks “win-win” outcomes that achieve sustainable relationships with suppliers and business stakeholders
• Support supplier agreements/contracts working with Sourcing team colleagues, cross-functional stakeholders, and suppliers to reach agreement on contract terms and conditions
• Generally, understand industry trends to help proactively identify issues to minimize risk, protect continuity of services, and utilize emerging opportunities
• Provide input to vendor selection and build ongoing vendor relationships
• Understand and support short-term and long-range planning goals and objectives of the Global Sourcing team
• Support established vendor governance program with key suppliers including metrics, performance goals and improvement initiatives
• Adhere to Sourcing policies and standard processes while ensuring compliance within the department
• Seek to continuously improve productivity and efficiency within assigned scope of responsibility
• Understand the cost drivers in assigned category and seek highest levels of ROI on behalf of Assurant
• Monitor value leakage within assigned supplier agreements

Qualifications

• Bachelor’s degree required
• 5+ years’ experience in either Sourcing or Procurement industry
• 3+ or more years’ experience large category and contract management, preferably within Logistics & Print sourcing
• Should have general understanding of financial planning process to ensure initiatives result in savings and savings are extracted from FP&A process across multiple cost centers, functions, and entities
• May monitor supplier performance, outsourcing portfolio, and opportunity catalog across an assigned scope of supplier services and outsourced functions.
• Support the creation of issue and risk action and mitigation plans and assist in all activities associated with the execution and review of contracts.
• May have responsibilities with a global team of outsourced providers and an analyst team in India
• Experience with ServiceNow and Apttus preferred
• Responsible for supporting projects that deliver not only cost savings but also continuous improvement and cost optimization of suppliers and spend, while balancing the needs and desired business results of stakeholders. Results and benefits are measured across financial and operational dimensions, including total cost of ownership, contract quality and time to complete.
• Experience working in a cross functional model supporting initiatives/agreements across multiple stakeholders and lines of business (IT/technology/operations/finance/sales/marketing/legal/HR/Real estate & facilities)
• Report escalations/disputes between cross-functional stakeholders and suppliers and/or engage leadership as …