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Senior Sourcing Manager

Job Summary

Senior Sourcing Manager is responsible for all phases of strategic sourcing for a specific set of initiatives/deals/agreements within assigned team .

This role requires the skills necessary to understand the vendor landscape, drive cost saving opportunities,, creatively negotiates, generates contracts to assure seamless availability of all products to support the company objectives and employs the best practices of the sourcing industry at all times.


Primary Job Accountabilities/Responsibilities 

  • Responsible for negotiating best possible cost service guarantee and develop “win-win” strategies that achieve sustainable relationships with suppliers for assigned initiatives/agreements

  • Evaluate supplier core competencies and competitive positioning using industry cost models

  • Implement supplier agreements/contracts working with cross-functional stakeholders and suppliers to reach agreement on contract terms and conditions

  • Research and anticipate shifts in the negotiating power of suppliers within assigned categories

  • Understand industry trends and evolving technology to help team proactively identify issues to minimize risk, protect continuity of services, and utilize emerging opportunities

  • Provide input to vendor selection and build ongoing vendor relationships

  • Maintain and develop supplier relationships (trade shows, supplier meetings, conferences, etc.)

  • Understand and support short-term and long-range planning and budget development of the company to support strategic business goals

  • 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 of processes throughout the Sourcing organization

  • Support forecasts for future renewals, demand needs, and expansion of services in a timely fashion for assigned category(s) based upon vendor lead-time

  • Understand the cost drivers in assigned category/market, and challenge traditional thinking by presenting new information

  • Manage and mentor direct reports encouraging professional growth & development

  • Oversee staffing/recruiting/training /coaching of direct reports including performance reviews 

Financial Responsibility 

  • Support Global Sourcing teams annual operating budget, savings targets, and strategic initiatives

  • Monitor value leakage within key supplier agreements

  • Solid 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

  • Should have solid 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

Required Skills

  • Bachelor’s degree required 

  • 6+ years’ experience in either Sourcing or  Procurement industry

  • 4+ or more years’ experience category and contract management for outsourcing services or procurement commodity purchases

Preferred Skills

  • Bachelor’s degree required 

  • 6+ years’ experience in either Sourcing or  Procurement industry

  • 4+ or more years’ experience category and contract management for outsourcing services or procurement commodity purchases

  • Preferred in people leadership experience in Sourcing or Procurement

  • Cross functional experience at the interfaces of IT/technology/operations/finance/sales/marketing/legal/HR/Real estate & facilities, and the lines of business

  • Address escalations/disputes between cross-functional stakeholders and suppliers and/or engage leadership as appropriate

  • Commitment to supplier diversity

  • Ability to manage projects and accountable to ensure successful delivery (on time, within budget, meeting agreed upon success criteria)

  • Good knowledge of the legal terminology and language related to third-party agreements and contracts

  • Application of sourcing and supplier industry concepts for assigned scope of responsibility

  • Advanced skills and working knowledge of MS Office and MS Excel

  • Must have strong presentation and communication skills

  • Ability to interact with the  mid-levels of executive leadership within Assurant and the supplier

  • Must ensure compliance at all times with company business policies and procedures

  • Monitor  supplier performance, outsourcing portfolio, and opportunity catalog across an assigned scope of supplier services and outsourced functions.

  • May have responsibilities with a matrixed global team of outsourced providers and an analyst team offshore (example – India)         

  • Responsible for executing projects that may 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.

  • Experience with ServiceNow and Apttus preferred

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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