Sourcing Manager

Synovus Financial Corp.; Columbus (GA); On-site; USD 90,000 - 140,000; Full time

Job summary

Synovus Financial Corp. is seeking an experienced procurement professional to manage sourcing plans and negotiate contracts from inception to completion.

You will work with line-of-business category owners, develop category strategies, and coordinate with Legal, Compliance, Risk, and Information Security to balance quality and cost savings. The role also focuses on supplier management and continuous cost improvements, within Pinnacle/BanK structures.

Qualifications

• Six years of experience in a procurement sourcing role including negotiating contracts and working/collaborating with cross-functional teams.

Responsibilities

• Identify procurement needs and objectives including requirements and expectations around schedules, statements of work, and service level agreements.

Skills

Stand or Walk Regularly

Talk and Hear Regularly

Climb, Bend, Kneel, Crouch, or Crawl

Visual acuity

Hands dexterity

Travel readiness

Valid Driver's License

Education

Bachelor's Degree in Business Administration or related discipline OR equivalent combination of education and experience

Job description

Job Summary

Manages sourcing plans and activities for assigned product category from inception to completion. Works closely with line-of-business category owners in the negotiation of contacts. Leverages current and future business requirements, market intelligence and historical spend information as guidance in contract negotiations. Provides management with periodic reviews of spend reports, savings reports, and industry analyses. Develops category strategies that drive a simplified supply base, business value and cost reductions/savings. Works with line-of-business category owners regarding contract negotiations, and planning.

Job Duties and Responsibilities

• Works with business unit management or line-of-business (LOB) category owner to identify procurement needs and objectives including requirements and expectations around schedules, statements of work, and service level agreements. Ensures all business requirements are addressed in final contract or agreement.
• Manages, drafts and negotiates contracts and agreements in accordance with established policies and procedures and utilizing industry best practices. Identifies and recommends savings to improve overall financial returns to the line-of-business and Pinnacle while balancing quality, and contracting goals. Works closely with risk partners including Legal, Compliance, Risk, and Information Security in negotiating contracts and in managing and outsourcing risk.
• Researches and develops sources of supply for assigned categories. Creates and continuously refines sourcing strategies to optimize supplier base including supplier consolidation and standardization opportunities. Evaluates price trends, new products, service levels and processes.
• Works with Procurement team members in the development of strategic sourcing plans and pipelines looking ahead one to two years. Works closely with Procurement Department team members in the evaluation of suppliers and the development of supplier selection criteria for each spend category as part of the overall procurement and business partner management strategy.
• Maintains business partner relations and serves as a liaison between Pinnacle and suppliers for resolution of problems. Develops and reviews performance data with suppliers to implement continuous cost and quality improvements. Initiates corrective actions in the event of missed expectations.
• Develops and refines sourcing processes, tools and templates that can be applied across all business partners and categories. Recommends systems and processes improvements to increase contract effectiveness. Maintains knowledge of industry trends and best practices.
• Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.
• Meet all the client's financial needs, both business and personal, and refer clients to other specialty areas such as Trust, Investments, Insurance, Treasury Management, etc. as appropriate.
• Assist other team members as needed to ensure delivery of distinctive service.
• Performs other related duties as required.

Pinnacle is an Equal Opportunity Employer committed to fostering an inclusive work environment.

Minimum Education

Bachelor's Degree in Business Administration or related discipline OR an equivalent combination of education and experience.

Minimum Experience

Six years of experience in a procurement sourcing role including negotiating contracts and working/collaborating with cross-functional teams. Sit Regularly

Required Knowledge, Skills & Abilities

• Stand or Walk Regularly
• Talk and Hear Regularly
• Climb, Bend, Kneel, Crouch, or Crawl Regularly
• Ability to see objects up close or at a distance, use peripheral vision, identify basic colors
• Use of Hands/ability to reach
• Up to 10 pounds weight lifting/force exertion required
• Weight/Force exertion required less than 25%
• Travel required less than 10%
• Valid Driver's License Required

Synovus is an equal opportunity employer committed to fostering an inclusive work environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Applicants with Disabilities: All interested and qualified candidates are invited to apply for employment opportunities with Synovus. If you are an applicant with a disability who is unable to use our online tools to search and apply for jobs, please contact us at [e-mail] .

Pinnacle Bank, a Tennessee bank, d/b/a Synovus Bank

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