Director, Commercial Sourcing & Procurement

ACADIA Pharmaceuticals Inc.; Princeton (NJ); Hybrid; USD 178,000 - 222,900; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(k) Plan with company match

Paid parental leave

Job summary

ACADIA Pharmaceuticals Inc. in Princeton, NJ is seeking a Director, Commercial Sourcing and Procurement to lead sourcing strategies for SG&A services. This strategic role requires proven leadership and 12+ years of sourcing experience, particularly in managing vendor relationships and contracts.

Key responsibilities include developing procurement strategies, collaborating with stakeholders, and optimizing vendor performance. The position offers a competitive salary range of $178,000—$222,900 USD, along with benefits like medical insurance and a 401(k) plan.

Qualifications

• 12+ years of extensive sourcing experience.
• Strong negotiation experience across IT contract types.
• Experience with advertising agency and media vendors.

Responsibilities

• Develop sourcing strategies for SG&A vendors.
• Collaborate with business stakeholders on needs identification.
• Assess contracts and conduct gap analyses.

Skills

Leadership ability

Negotiation experience

Procurement system knowledge

Vendor benchmarking

Education

BS/BA or equivalent

Tools

Coupa

Agiloft

Smartsheet

Job description

Seeking talent near: San Diego, CA; San Francisco, CA; Princeton, NJ

Position Summary:

The Director, Commercial Sourcing and Procurement will be a strategic leader of the Acadia Sourcing & Procurement team, leading the development of SG&A (Commercial, IT, Professional services, Legal, Contingent Workforce) sourcing strategies for key vendors in North America. This position will play a vital role to ensure Acadia has access to top quality services, technologies, and vendor partners required to support company’s growth. It leads the identification, assessment, selection, negotiation, execution of contracts and relationship with key SG&A vendors, and will contribute to the corporate sourcing & procurement policy, vendor management and governance framework and process. This role will be based in San Diego, CA, San Francisco, CA, or Princeton, NJ

Primary Duties and Responsibilities:

• Develop both immediate and long-term sourcing strategies/plans for the SG&A vendors with the focus on Commercial, IT, and professionals services areas.
• Proactively work with business stakeholders including Sr. executives to identify sourcing needs and ensure sourcing strategies align with business goals and enable efficiency & innovation
• Assess, benchmark & negotiate existing key SG&A vendor contracts and conduct gap analysis.
• Collaborate with Finance FP&A team on vendor cost budgeting, forecasting, and saving validation
• Assess industry trends, evolving technology such as AI in procurement to ensure continuous automation of current sourcing process
• Establish SG&A vendor governance program including vendor optimization, risk assessment and operational performance evaluation process

Education/Experience/Skills:

• Proven leadership ability to manage large vendor spend portfolios and drive global collaborations.
• Demonstrated success developing and executing SG&A category strategies in complex environments.
• 12+ years of extensive sourcing experience with deep knowledge of vendors for advertising agency, media, data analytics, meeting and events
• Strong negotiation and vendor benchmarking experience across a range of IT contract types, including SaaS, consulting, and managed services agreements.
• Broader category sourcing experience in consulting and legal services will be a plus
• Proficient procurement system knowledge of S2P (Coupa), CLM (Agiloft) and upcoming AI sourcing tools
• Familiarity with sourcing saving report methodology and associated tools such as Smartsheet
• BS/BA or equivalent combination of relevant education

Key candidate qualities:

• Willing to go beyond and look for new innovative ways to bring in tangible results/savings
• Ability to communicate and present sourcing strategies clearly to key stakeholders
• Ensure compliance with corporate compliance SOP and policies
• Available for up to 5% domestic or international travel as needed

Physical Requirements:

While performing the duties of this job, the employee is regularly required to stand; walk; sit; use hands to finger, handle, or feel; reach with hands and arms; climb or balance; stoop, kneel, crouch, see, talk or hear in a standard office environment. Employee must occasionally lift and/or move up to 15 pounds.

In addition to a competitive base salary, this position is also eligible for discretionary bonus and equity awards based on factors such as individual and organizational performance. Actual amounts will vary depending on experience, performance, and location.

Salary Range

$178,000—$222,900 USD

What we offer US-based Employees:

• Competitive base, bonus, new hire and ongoing equity packages
• Medical, dental, and vision insurance
• Employer-paid life, disability, business travel and EAP coverage
• 401(k) Plan with a fully vested company match 1:1 up to 5%
• Employee Stock Purchase Plan with a 2-year purchase price lock-in
• 15+ vacation days
• 13-15 paid holidays, including office closure between December 24th and January 1st
• 10 days of paid sick time
• Paid parental leave benefit
• Tuition assistance

EEO Statement (US-based Employees): Studies have shown that women and people of color are less likely to apply for jobs unless they believe they meet every one of the qualifications in the exact way they are described in job postings. We are committed to building a diverse, equitable, inclusive, and innovative company, and we are looking for the BEST candidate for the job. That candidate may be one who comes from a less traditional background or may meet the qualifications in a different way. We strongly encourage you to apply, especially if the reason you are the best candidate isn’t exactly what we describe here.

It is the policy of Acadia to provide equal employment opportunities to all employees and employment applicants without regard to considerations of race, including related to hairstyle, color, religion or religious creed, sexual orientation, gender, gender identity, gender expression, gender transition, country of origin, ancestry, citizenship, age, physical or mental disability, genetic information, legally-protected medical condition or information, marital status, domestic partner status, family care status, military caregiver status, veteran or military status (including reserve status, National Guard status, and military service or obligation), status as a victim of domestic violence, sexual assault or stalking, enrollment in a public assistance program, or any basis protected under federal, state or local law.

As an equal opportunity employer, Acadia is committed to a diverse workforce. If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation. Furthermore, you may request additional support if you are unable or limited in your ability to use or access Acadia’s career website due to your disability, along with any accommodations throughout the interview process. To request or inquire about your reasonable accommodation, please complete our Reasonable Accommodation Request Form or contact us at [e-mail] or 858-261-2923.

Please note that reasonable accommodations granted throughout the recruiting process are not guaranteed to be the same accommodations given if hired. A new request will need to be submitted for any ADA accommodations after starting employment.

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Notice to Search Firms/Third-Party Recruitment Agencies (Recruiters): The Talent Acquisition team manages the recruitment and employment process for Acadia Pharmaceuticals Inc. (“Acadia”). Acadia does not accept resumes from recruiters or search firms without an executed search agreement in place. Resumes sent to Acadia employees in the absence of an executed search agreement will not obligate Acadia in any way with respect to the future employment of those individuals or potential remuneration to any recruiter or search firm. Candidates should never be submitted directly to our hiring managers or employees.