Senior Sourcing Manager

Overview of Position

The 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.

What will be my duties and responsibilities in this job?  

• 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

What are the requirements needed for this position?  

• Bachelor’s degree required 

• At least 6 years’ experience in either the Sourcing or Procurement industry

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

• Preferred in people leadership experience in Sourcing orProcurement

• 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         

• 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

#AssurantProudMS

$88,000.00 - $147,000.00

Any posted pay range considers a wide range of compensation factors, including candidate background, experience, and work location, while also allowing for salary growth within the position.

Helping People Thrive in a Connected World
Connect with us. Bring us your best work and your brightest ideas. And we’ll bring you a place where you can thrive. Learn more at jobs.assurant.com.

For U.S. benefit information, visit myassurantbenefits.com. For benefit information outside the U.S., please speak with your recruiter.

What’s the culture like at Assurant?
Our unique culture is a big reason why talented people choose Assurant. Named a Best/Great Place to Work in 13 countries and awarded the Fortune America’s Most Innovative Companies recognition in 2023, we bring together top talent around the world. Although we have a wide variety of skills and experiences, we share common characteristics that are uniquely Assurant. A passion for service. An ability to innovate in practical ways. And a willingness to take chances. We call our culture The Assurant Way.

Company Overview
Assurant is a leading global business services company that supports, protects, and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products, and other specialty products.

Equal Opportunity Statement
Assurant is an Equal Employment Opportunity employer and does not use or consider race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected by federal, state, or local law in employment decisions.