Intermediate Strategic Procurement Advisor

Transamerica; Baltimore (MD); Remote; USD 64,000 - 80,000; Full time

Job summary

An established industry player is seeking a skilled procurement specialist to drive sourcing strategies and manage supplier relationships. In this dynamic role, you'll leverage your expertise in strategic sourcing and contract management to enhance revenue and profitability. You'll collaborate with cross-functional teams, conduct market research, and ensure project milestones are met. With a focus on fostering strong relationships and delivering results, this position offers a chance to make a significant impact in a supportive and inclusive environment. Join a company that values diversity and offers a comprehensive benefits package to support your well-being.

Benefits

401k Match

Tuition Reimbursement

Disability Insurance

Medical Insurance

Vision Insurance

Employee Discounts

Paid Time Off

Parental Leave

Employee Assistance Program

Referral Bonus Programs

Qualifications

• 2+ years experience in category procurement and supplier management.
• Ability to manage multiple projects and support activities.

Responsibilities

• Execute sourcing strategies for medium complexity transactions.
• Conduct benchmarking and market research for supplier solutions.

Skills

Strategic Sourcing

Supplier Management

Contract Management

Market Research

Analytical Skills

Communication Skills

Education

Bachelor’s Degree in Business Administration

Equivalent Education/Experience

Tools

Ariba Contracts Workbench

Electronic Procurement Tools

Job description

Works independently to execute category, commodity or supplier specific sourcing strategies for medium complexity transactions and drive this across functional organizations and business units to affect policies, processes and procedures having an impact on revenue and profitability.

Create workspaces in Ariba Contracts Workbench.

Access electronic and paper contract files to determine existence and applicability of a current contract.

Creates and administers supplier request for proposals (RFPs).

Conducts benchmarking to ensure proposed supplier solutions are competitive to the market.

Performs market research to understand and document competitive supplier landscape and service capabilities.

Ensures project milestones are met and benefits delivered; Resolves supplier issues that arise during implementations, acting as a liaison with Project and Divisional Management.

Escalates issues as needed to Senior Management; Provides transition support for exiting existing supplier relationships.

Participates on local or global cross-functional teams to assist the with analyzing procurement spend trends using data derived from available spend data, with the evaluation of sourcing opportunities, with pre-award and post-award procurement activities, such as volume reporting and evaluation of RFP responses, and with reporting and analysis used to develop and implement the selected the supplier.

Perform program management activities for procurement-owned programs, as applicable to the commodity area. Duties include but are not limited to : managing catalogs, processing non-catalog requisitions, researching new suppliers, short-form agreements, renewals, and identifying cost-save opportunities within managed programs.

Qualifications :

Bachelor’s degree in business administration, operations management, or other directly applicable field or equivalent education / experience.

At least 2 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 amongst 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.

Preferred Qualifications :

Global perspective and experience working with diverse customers and suppliers.

Experience in a shared services environment.

Experience in the financial services industry.

Experience managing suppliers with global product / service provisioning models.

Experience across multi-functional business processes.

Experience working with various electronic procurement tools.

Working Conditions :

Non-commuting Remote employees will not be assigned to report to a Company office location (although they may need to travel to a Company office upon request) and will perform their work remotely

Minimal domestic travel may be required.

• Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.

The Salary for this position generally ranges between $64,000 - $80,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan / Individual Performance and is at Company discretion.

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Competitive Pay

Bonus for Eligible Employees

Benefits Package

Pension Plan

401k Match

Employee Stock Purchase Plan

Tuition Reimbursement

Disability Insurance

Medical Insurance

Vision Insurance

Employee Discounts

Health and Work / Life Balance Benefits

Paid Time Off starting at 160 hours annually for employees in their first year of service.

Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars

Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.

Adoption Assistance

Employee Assistance Program

College Coach Program

Back-Up Care Program

PTO for Volunteer Hours

Employee Matching Gifts Program

Employee Resource Groups

Inclusion and Diversity Programs

Employee Recognition Program

Referral Bonus Programs

• As of December 31, 2022

Inclusion & Diversity

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts throughthe Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including theInclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees.Theyprovide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

Giving Back

Webelieve our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mixof financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Aegonacquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 29.5 million people across the globe. It offers investment, protection, and retirement solutions, always with a clear purpose : Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.