This position can be based in Cedar Rapids, IA., Denver, CO., Plano, TX, Baltimore, MD., Harrison, NY., or St. Petersburg, FL.
At Transamerica we’ve seen that Wealth + Health are inextricably linked, and that living well tomorrow starts with the habits we form today. That’s why we’re passionate about inspiring our customers to improve their financial health- and their overall well-being- to optimize how we help people prepare for the future. We’re seeking ambitions people who can bring fresh ideas and varying perspectives, and help us to shake up the status quo! Come join our supportive culture that encourages a healthy lifestyle, community giving, diversity, and lifelong learning!
Our Procurement division is being transformed, and we have an opportunity for a Lead Procurement & Vendor Management Specialist with INDIRECT sourcing experience in categories that include Legal, HR, Finance, Travel, Facilities. If your INDIRECT sourcing experience includes these categories we would love to speak with you!
What You Will Do: As a strategic partner to the Executive and other business stakeholders, you will provide your subject matter expertise to identify the appropriate category strategies for various procurement projects that you will manage in a growing wealth management firm. You will bring to the table your expertise, as well as your existing relationships with your previously vetted vendors in order to immediately provide guidance and recommendations to your business stakeholders. Your knowledge, judgement, and credibility will serve you well as you guide your client groups through process changes, and help them to understand the importance of the Procurement relationship. Through your effective contract negotiations and vendor management and oversight, you will ensure successful on-time project delivery, supplier compliance, and cost savings.
What You Will Learn: You will develop a deep understanding of our corporate structure, stakeholder needs, current processes, resources, and sourcing initiatives, in order to become a valued partner to your stakeholders, and make recommendations on suppliers’ performance to ensure optimal support of Transamerica’s objectives.
What Success Looks Like:
Recommend, implement category procurement and commodity sourcing strategies to achieve strategic plans.
Lead cross functional teams to develop and execute local or global strategies covering categories and commodities across a broad customer base.
Implement and execute the sourcing and supplier management program that includes developing RFx proposals, evaluate and recommend best available options, negotiate contract and transition and monitor suppliers.
Identify, analyze, and recommend sourcing and supplier management solutions that support Divisional strategic objectives.
Partner with Divisional Leadership to develop effective supplier relationships that ensure high performance and competitive pricing.
Execute governance with suppliers; drive a two-way exchange of information related to strategies, priorities, requirements, and disputes.
Negotiate contract provisions for initial agreements and ongoing amendments; facilitate coordination between internal and external stakeholders.
Interpret supplier contracts, participate in contract change negotiations, and monitor fulfillment of contractual obligations.
Implement and on-board suppliers.
Monitor supplier performance and facilitate communications between stakeholders to ensure business expectations are met.
Drive supplier behavior and deliver continuous improvement in vendor performance
Champion and execute supplier management best practices to maximize the value of supplier relationship
Creates and manages supplier request for proposals (RFPs)
Perform preparation, review and analysis of contract language to mitigate risk
Successful use of Ariba to manage requests, sourcing activities and contracts
What You Need:
Bachelor’s degree in business administration, operations management, or other directly applicable field or equivalent education/experience
Minimum of 7 years of experience in category procurement, strategic sourcing, supplier management and contract management
Experience with the supplier identification, selection and negotiation process
Knowledge of supplier management best practices and industry trends.
Exceptional written, interpersonal and verbal communication skills requiring a balance of assertiveness, tact and diplomacy
Demonstrated ability to lead difficult conversations and collaborate, facilitate, and achieve consensus among key stakeholders
Ability to work effectively and cultivate strong relationships across all levels of the organization and with external parties
Ability to work with teams across geographically dispersed locations
Ability to effectively manage ambiguous situations and drive towards clarification
Demonstrated ability to influence others and drive change
Proven analytical and problem-solving skills, with a keen attention to detail
Ability to succeed under pressure, set priorities, and meet deadlines in a rapid-paced environment
Self-motivated with a positive attitude
Strong business acumen and demonstrated ability to put strategic plans into operation
Proven ability to manage multiple projects and support activities within a single job function
What You Receive:
A Comprehensive Wealth + Health package. It’s our passion to empower people, and especially our employees, to add years to their lives and more life to their years. That means a healthy account balance and a healthy body to match. As you’ll come to discover, Wealth + Health is a central part of everything we do!
Wealth Benefits; Competitive Pay, Bonus, and Benefits Package, Pension Plan, 401K Match, Employee Stock Purchase Plan, Tuition Reimbursement, Disability Insurance, Employee Discounts, Career Training & Development Opportunities, and more
Health and Work/Life Balance Benefits; Be Well Company sponsored holistic wellness program which includes Wellness Coaching and reward dollars, Parental Leave, Paid Time Off, Adoption Assistance, Employee Assistance Program, College Coach Program, Back-up Care Program, Paid time to Volunteer, Employee Matching Gifts Program, Employee Resource Groups, Inclusion and Diversity Programs, Employee Recognition Program.
Internal Number: R20020893
At Transamerica, we’ve seen that Wealth + Health are inextricably linked and that living well tomorrow starts with the habits we form today. That’s why we’re passionate about inspiring customers to improve their financial health — and their overall well-being — to optimize how we help people prepare for the future. We’re seeking ambitious people who can bring in fresh ideas and varying perspectives, and help us shake up the status quo. If you’re self-driven and able to see opportunity in change, you can make a real difference within our business and beyond. We’ve built a supportive culture that encourages a healthy lifestyle, community giving, and lifelong learning.