Technology Sourcing and Procurement Manager

Verisign Inc.; Reston (VA); On-site; USD 123,500 - 167,100; Full time

Benefits offered by this job

Discretionary bonus

Discretionary stock awards

Job summary

Verisign Inc. is looking for a Manager for Sourcing and Procurement in Reston, VA. This pivotal role involves leading procurement processes, negotiating supplier contracts, and collaborating across various teams to meet business objectives.

The candidate should have significant experience in strategic sourcing and procurement within a technology-focused environment. The job offers a hybrid work schedule and competitive salary, from $123,500 to $167,100, along with bonus opportunities.

Qualifications

• 8+ years of experience in strategic sourcing and contracting across various spend categories.
• 5+ years of experience in technology sourcing, ideally in a tech-driven environment.
• Experience negotiating enterprise software agreements.

Responsibilities

• Lead strategic sourcing and competitive bidding initiatives.
• Collaborate with stakeholders on procurement processes.
• Negotiate commercial terms with suppliers.

Skills

Analytical skills

Problem-solving

Communication

Stakeholder management

Education

Bachelor's Degree or equivalent work experience

Graduate Degree or equivalent work experience

Tools

Microsoft Excel

PowerPoint

Oracle

Workday

Zycus

SAP

Job description

Verisign helps enable the security, stability, and resiliency of the internet. We are a trusted provider of internet infrastructure services for the networked world and deliver unmatched performance in domain name system (DNS) services.

We are a mission focused, values driven company where each individual can contribute to building a stronger, more secure internet. We offer a dynamic and flexible work environment with competitive benefits and the ability to grow your career.

Within Verisign, the Sourcing and Procurement Team provides enterprise-wide procurement expertise and support across various commodities, including corporate services, technology, professional services, and telecommunications. We are seeking an experienced individual level contributor to enhance our existing capabilities.

Role Overview

In the Manager, Sourcing and Procurement role, you will engage with cross‑functional stakeholders and lead various procurement related processes, which includes identifying sourcing opportunities, leading competitive bidding initiatives, evaluating supplier proposals, and negotiating commercial terms and conditions. This position is instrumental in achieving objectives across price, quality, service, compliance, and performance.

Key Immediate Focus Areas

• Strategic Sourcing: Develop and execute sourcing strategies for information technology equipment, software and services to meet business objectives.
• Contract Negotiation: Lead negotiations for technology‑based categories such as software licenses, hardware, SaaS, cloud infrastructure and other technology services to secure favorable pricing and other commercial business terms.
• Cost and Value Analysis: Analyze total cost of ownership, identify opportunities for cost savings and benchmark against market research.
• Stakeholder Collaboration: Work with internal teams (including finance, legal, risk and other technology departments) to align sourcing strategies with business needs, support for budgeting, and overall process execution.

Duties and Responsibilities

• Lead the execution of strategic sourcing and competitive bidding initiatives, including conducting spend and data analysis, internal assessments, drafting requests for proposals, evaluating proposals, and negotiating with suppliers.
• Collaborate with stakeholders on business and technical requirements throughout the procurement process.
• Lead the negotiation of commercial terms with suppliers.
• Maintain purchasing‑related documentation, including sourcing assessments and deliverables, supplier performance information, compliance metrics and value capture results.
• Review and analyze purchase requisitions and coordinate purchasing activities with the procurement strategy, including use of preferred suppliers.
• Monitor and review purchase requisitions and purchase orders to ensure transactions are processed in a timely and accurate manner.
• Lead and/or participate in the supplier performance management reviews.
• Develop and maintain policies and procedures for procurement related processes.
• Identify, track and report on spend and other key metrics.
• Exhibit strong attention to detail, ability to manage multiple priorities and comfort working in a dynamic environment.

Required Qualifications

• Bachelor's Degree or equivalent work experience.
• 8+ years of progressively responsible related business experience leading strategic sourcing and contracting initiatives across various spend categories, including Corporate Services, Information Technology, Professional Services and Telecommunications.
• 5+ years of experience in technology sourcing, procurement, ideally in a tech‑driven environment.
• 2+ years negotiating enterprise software agreements.
• Strong analytical, problem‑solving, communication and stakeholder management skills.
• Proven experience in leading complex sourcing and contracting initiatives on enterprise‑level software contracts.
• Track record in leading procurement process improvement initiatives.
• Experience using procurement and contract management systems (e.g., Oracle, Workday, Zycus, SAP).
• Proficiency in Microsoft Excel (for data analysis) and PowerPoint (building executive‑level presentations).

Preferred Qualifications

• Graduate Degree or equivalent work experience.
• Strong leadership skills to manage cross‑functional teams.
• Certified Professional in Supply Management (CPSM).

Location and Compensation

This position is based in our Reston, VA and offers a hybrid work schedule.

The pay range is $123,500 - $167,100. The anticipated annual base salary range for this position is noted above, however, base pay offered may vary depending on job‑related knowledge, skills and experience. Verisign offers a discretionary bonus which is based on individual and company performance, and certain roles may be eligible for discretionary stock awards.

Verisign is an equal opportunity employer. That means we recruit, hire, compensate, train, promote, transfer, and administer all terms and conditions of employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, protected veteran status, disability or other protected categories under applicable law.