AVP, Sourcing Manager (L10)

Synchrony; India; On-site; INR 14,124,000 - 21,657,000; Full time

Job summary

Synchrony is seeking an AVP, Sourcing Manager to lead complex sourcing initiatives across global hubs (US and Philippines). You will manage supplier onboarding, renewal timing, and contract reviews while mitigating supplier and business risks.

You will drive cost reductions through RFIs/RFPs, market analysis, and Source to Pay implementations, partnering with Legal and business leaders to optimize terms and adherence to governance frameworks.

Qualifications

• Bachelor's degree required with 8+ years in financial services or insurance.
• Alternatively, 10 years of experience in financial services or insurance in lieu of a degree.
• 8+ years of sourcing experience including category strategy, contract negotiations, supply chain management, supplier management.
• Experience with Source to Pay systems (Coupa, Ariba, Oracle or equivalent).
• Willingness to work shifts that align with US time zones, including weekends/holidays.
• Experience working with US stakeholders and US suppliers is required.

Responsibilities

• Meet with business owners and Sourcing Leaders to guide teams and develop plans.
• Drive productivity, cost savings, and rationalization opportunities.
• Review and modify contractual terms with Legal and business owners.
• Ensure supplier compliance with regulatory and reputational requirements.
• Conduct RFIs/RFPs, market research, and competitive analysis.
• Utilize Source to Pay and e-Auction tools to drive cost reductions.
• Collaborate with Sourcing Team Leader to improve the Sourcing operating plan and processes.
• Identify and drive sourcing strategies for commodities as per business needs.
• Ensure alignment with strategies and objectives across supplier management teams.
• Monitor, track, and report on sourcing projects and cycle-time performance.
• Prepare materials for senior/executive review and update procurement SOPs.

Skills

Sourcing experience

Supplier management

Contract negotiations

Source to Pay systems

US stakeholder collaboration

Cross-functional collaboration

Education

Bachelor's degree

10 years experience in lieu of degree

Tools

Coupa/Ariba/Oracle or equivalent

Job description

Job Description

Role Title: AVP, Sourcing Manager (L10)

Company Overview

Synchrony (NYSE: SYF) is a leading consumer financing company that has been at the heart of American commerce and opportunity for nearly a century. Synchrony delivers credit and banking products that empower tens of millions of consumers to improve their financial lives and access what matters most. Leveraging innovative solutions that are shaping the future of retail commerce, Synchrony supports the growth and success of some of the nation’s most respected brands, alongside hundreds of thousands of small and midsize businesses, including health and wellness providers. Committed to excellence in service and culture, Synchrony is proud to be named as #3 as a Great Place to Work® in India and is honored to be ranked the #1 Best Company to Work For® in the U.S. by Fortune magazine and Great Place to Work®. For more information, visit www.synchrony.com.

Role Summary/Purpose

The AVP Sourcing will execute and carry out the sourcing process, ensure supplier compliance during on-boarding and engagement for renewal time periods, review contractual agreements of assigned suppliers, including developing certain sourcing category strategies for Global hubs (US and Philippines). In this role, you will manage and mitigate supplier as well as business risks and work closely with the Business leaders and Sourcing Leaders.

Key Responsibilities

• Regularly meet with business owners across Synchrony lines of businesses (LOBs) and/or Sourcing Leaders to provide guidance and direction to functional teams, with strong process responsibility to develop comprehensive plan to execute while meeting business needs (i.e., examine scope, cost, availability of products/services and market conditions to complete projects).
• Expertise on Global Supply markets (US and Philippines) in terms of supplier/products/services and local compliance requirement for suppliers.
• Drive sourcing initiatives with focus on driving productivity, cost saving benefits and identifying rationalization opportunities.
• Leverage professional expertise with Legal and business owners to review and modify contractual terms & conditions.
• Oversight of supplier compliance with regulatory and reputational requirements throughout all stages of the sourcing process.
• Conduct and assist RFIs/RFPs, market research and identification, qualification and competitive analysis of required products and services.
• Utilize Source to Pay and e-Auction tools to leverage competition and drive cost reductions.
• Work with Sourcing Team Leader to identify, streamline and support implementation of improvement to Sourcing operating plan as well as the overall Sourcing process.
• Identify, streamline and drive implementation of sourcing strategies for various commodities (majorly but not limited to Technology, Marketing, Contingent Labour, Facilities) as per Business requirement.
• Work with Supplier Management teams and the functional businesses to ensure alignment with strategies, goals, and objectives.
• Regularly monitor, track and report on Sourcing projects to ensure adherence to cycle-time performance metrics.
• Create PowerPoint/Excel materials for review with senior and executive management teams, as required.
• Support updating of all purchasing-related SOPs.
• Perform other duties and/or special projects, as assigned.
• Ability to perform in Global environment and support global working hours as per business needs.

Required Skills/Knowledge

• Bachelor's degree with a minimum 8 years of experience in financial services or insurance (i.e., Supplier Risk Management, Operations, Customer Service, Collections) or in lieu of a degree 10 years of experience in financial services or insurance (i.e., Supplier Risk Management, Operations, Customer Service, Collections)
• Minimum of 8 years of expertise within Sourcing (including but not limited to category strategy, contract negotiations, supply chain management, supplier management, and/or logistics) with a proven track record for strong execution and delivering value.
• Experience working with Source to Pay systems (Coupa, Ariba, Oracle, or comparable solution)
• Ability to work shifts that meet business needs (mid-shift overlapping US time-zone), including weekends and holidays
• Experience working with US Stakeholders and US Suppliers is a must.

Desired Skills/Knowledge

• Experience within Financial Service or Banking Industry, Manufacturing
• Hands‑on experience with executive leadership report‑outs.
• Experience in Facilities and Securities Sourcing commodities.
• Demonstrated project management skills
• Must have proven strong facilitation skills and experience delivering presentations
• Must have proven quantitative and analytical skill set
• Experience providing outstanding oral and written communication skills at all levels of the organization
• High enthusiasm and desire to work in fast paced, ever changing environment
• Proven ability to manage complex initiatives across multiple teams/platform