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Senior Sourcing Manager

  • Anytown / Addison / Atlanta / Bothell / Chicago / Miami / Santa Ana / Scottsdale / St. Petersburg / Houston / Woodbury
  • R-93777
  • Finance Management
  • Full Time
  • Added

Assurant has an exciting opportunity for a Senior Procurement Manager! 

This individual will be responsible for executing the category strategy and product/service sourcing process, while providing input for continuous process improvement in those areas.  This person will also be responsible for ongoing supplier governance of third-party providers within the Assurant Corporate Sourcing Category, including HR, Legal, Finance, etc. 

Category Strategy Execution

  • Support continuous improvement of Category Strategy, adjusting to shifts in business objectives, changes in vendor capabilities and dynamic market / macro-economic conditions.

  • Develop subject matter expertise of Corporate operations / business units and the suppliers contributing to the value chain. This includes an in-depth knowledge of existing operating model & processes, functional performance metrics and supplier service levels, and enabling technologies.

  • Help to define the total cost of operations, identifying potential synergies across processes and suppliers, and mitigating potential performance and compliance risks.

  • Execute category strategy tenets to maximize the value from suppliers’ goods and services, prevent leakage through adherence to contract and commercial terms, mitigate risks associated with supplier relationship, and actively manage / track cost savings.

  • Develop financial business cases for strategic sourcing opportunities.

  • Partner with existing and new suppliers to develop innovative solutions to solve business problems facing Corporate teams.

  • Lead sourcing projects and supplier negotiations.

  • Provide expertise to support all activities related to the Contract Lifecycle Management (negotiation tactics, insights regarding contractual/Legal matters of significance to the organization etc.).

  • Develop and negotiate innovative contract terms and commercial structures that protect the interests of internal stakeholders while incentivizing the supplier performance.

Supplier Governance

  • Help lead and execute supplier governance inclusive of:

    • Contract Management – adherence to terms and conditions, processing renewals, addition of new services, change requests

    • Financial Management – budget planning and forecasting, invoice reconciliation and payment management, reward / penalty calculation and enforcement

    • Performance Management – service level agreement monitoring & adherence, manage performance corrective action plans

    • Relationship Management – escalation / issue resolution, leverage supplier’s full set of capabilities / offerings to expand relationship

  • Serve as supplier specific subject matter expert pertaining to supplier contract terms, commercial structures and performance expectations.

  • Maintain knowledge of industry & regulatory trends and apply learnings / best-practices to supplier product management and service delivery.

Stakeholder/Relationship Management

  • Effectively operate in complex, matrixed organization where partnership and collaboration with multiple stakeholders is required to ensure transparent flow of information, manage expectations around process capabilities / limitations, and to achieve desired outcomes.

  • Establish relationships / partnerships with internal customers to ensure utilization of Procurement Services for all sourcing needs and supplier governance support.

  • Orchestrate and facilitate governance meetings between internal stakeholders and suppliers to create meaningful and valuable engagement on both sides.

  • Build and maintain excellent relationships with internal clients and colleagues at all levels.

  • Mentor and coach internal stakeholders and suppliers on governance processes and risk management.

  Other responsibilities       

  • Partner with on-/off-shore resources from Procurement Managed Service Provider for various sourcing related activities (benchmarking, RFx, contracting, etc.).

  • Utilize off-shore business and process analysis resources to performance various supplier governance related activities.

  • Responsible for developing solutions to help meet operational budget targets.

  • Forecasting supplier spend and tracking / validation of planned savings.

  • Support reconciliation, validation against commercial terms, and ultimate payment of supplier invoices for goods and services delivered.

  • Tracking of cost savings achieved through sourcing and operational efficiencies.

Basic Qualifications:

Education

  • Minimum Bachelor’s degree from an accredited institution 

Professional Experience

  • 5 years relevant experience in (a) sourcing / procurement/ vendor management at large multinational companies or (b) shared services and outsourcing advisory or operational consulting

  • Financial acumen with 3 or more years of experience in roles developing business cases for sourcing programs and/or outsourcing services (client or provider)

  • Hands-on experience in negotiating complex contracts 

Knowledge and Skills

  • Proven track record in outsourcing benchmarking, market analyses and contract negotiations

  • Master knowledge of industry standard / best-in-class contract terms and conditions (T&C), especially around information securing and risk management

  • Advanced problem solving and critical thinking skills in a team environment

  • Excellent interpersonal, facilitation, communication and influencing skills especially with senior level executives

  • Demonstrated ability to function in a team environment and highly matrixed, global environment

  • Strong financial acumen; ability to understand outsourcing impact to P&L, ability to develop complex business cases & continually assess/determine total cost of ownership at both a functional level and supplier level

  • Strong Excel modeling skills and PowerPoint presentation skills

  • Evidence of successful management of large programs and projects

Preferred Qualifications:

Education: 

  • Bachelor’s degree in business, finance, economics, industrial engineering, supply chain or equivalent

  • MBA/MS degree preferred 

Knowledge and Skills

  • Proven ability to multi-task

  • Strong oral, written, and organizational skills

  • Independent thinking, good judgment and creative problem-solving skills

  • Strong business planning skills

  • Strong knowledge of project management

Previous Experience

  • Management consulting experience or sourcing / procurement experience at large multinational firms

  • Experience in process transformation, cost reduction and global delivery model strategy highly desirable

Industry Experience:   

Strong background in working on enterprise wide projects for large complex organizations, preferably in financial services or insurance industry.

Certifications

  • Outsourcing governance and strategy from leading industry associations e.g. IAOP, HFS, etc.

  • Certifications in Project management desirable

Company Overview and Benefits

Assurant is a global provider of lifestyle and housing solutions that help leading brands grow revenue, manage risk and deliver a great experience for their customers. We protect, connect, and support over 300 million consumers worldwide, helping people get more value from their connected devices, vehicles, and homes. Assurant is a proud member of the Fortune 300, with decades of experience in the industries we serve.

For more information, please visit https://www.assurant.com/

Assurant is committed to providing a competitive rewards package which goes beyond the value of your paycheck. We offer an array of market-competitive benefits and resources to support your physical, emotional, financial, and social wellbeing goals. These include programs to help you invest in your financial future such as savings programs, as well as competitive health and wellbeing benefits to support you and your family.

Health Coverage Starting Day One: We offer competitive health and wellbeing benefits to support you and your family. You can choose from a range of health and dental plan options, as well as health plan accounts.

Disability and Life Insurance: We provide short- and long-term disability insurance, life and accidental death and dismemberment insurance.

Retirement: Assurant offers retirement savings plans globally. U.S. based employees are offered a 401(k) plan in which Assurant matches 100% of every dollar contributed, up to 6 percent of eligible pay.

Employee Stock Purchase Plan: Assurant’s Employee Stock Purchase Plan (ESPP) allows employees to purchase shares of Assurant, Inc. stock at a 10 percent discount with funds contributed through after-tax payroll deductions.

Career Development: Assurant offers a variety of internal courses, workshops, special projects, coaching and mentoring programs. Tuition reimbursement and other professional enrichment opportunities are also available to encourage continuous learning.

Work-Life Balance: We strive to provide a work environment that encourages work/life balance. Options depend on job responsibilities and may include flexible work schedules, telework, paid time off and part-time employment.

Equal Opportunity Statement
Assurant is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity or any other category protected by federal, state or local law.


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