Sourcing Manager

WPS—A health solutions company; Connecticut; Remote; USD 75,000 - 95,000; Full time

Job summary

A leading health solutions company is seeking a Sourcing Manager to oversee procurement and vendor management. This role involves strategic sourcing, contract negotiation, and collaboration with various departments to ensure compliance and efficiency. The ideal candidate will have a Bachelor's degree and several years of relevant experience, excelling in communication and problem-solving skills.

Benefits

Remote and hybrid work options available

Performance bonus opportunities

401(k) with matching

Competitive paid time off

Health insurance from DAY 1

Qualifications

• 3+ years of experience in sourcing, procurement, or supply management.
• Experience in contract management for IT goods and services.

Responsibilities

• Lead sourcing and contract negotiation for IT and non-IT goods.
• Manage supplier selection and ensure compliance with contracts.
• Drive competitive supply strategies to achieve cost savings.

Skills

Communication

Negotiation

Analytical

Problem Solving

Education

Bachelor's Degree in related field

Job description

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This role is part of the Procurement Services team which provides centralized sourcing, contract negotiation, purchasing and vendor management functions for the entire WPS enterprise. The Procurement Services team also provides contracting support as requested for revenue-generating new ventures at WPS and supports vendor-related business development functions. This role is responsible for leading solicitations, requirements gathering, sourcing and contract negotiation for both IT and non-IT goods and services. Using established procurement processes, contracting and vendor management best practices, support the desired outcomes of WPS lines of business by executing competitive vendor contracts and costs.

Salary Range

$75,000 - $95,000

The base pay offered for this position may vary within the posted range based on your job-related knowledge, skills, and experience.

Work Location

This role is open to remote work for this opportunity in the following approved states:

Arizona, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Ohio, South Carolina, South Dakota, Texas, Virginia, Wisconsin

In This Role You Will

Strategic Sourcing, Procurement and Contracting (60%)

• Manage supplier selection through RFQ, RFI and RFP process by establishing requirements in alignment with business leadership and enterprise strategic plans
• Capture and ensure business requirements are met in contracts by leading contract review and approval processes in close collaboration with affected business stakeholders and WPS Legal
• Develop and maintain deep category knowledge (as assigned) and regularly leverage industry experts, peers and stakeholders to identify and benchmark best practices at a subject matter expert level
• Responsible for driving competitive supply strategies to achieve lowest total cost of ownership and cost savings via industry best practices
• Track cost savings and cost avoidance
  
  

Business Development and Relationship Management (20%)

• Manage sourcing and contracting needs for new ventures at WPS in support of burgeoning partnerships and products, including researching, developing strategies, selecting suppliers, and negotiating contracts to support business growth.
• With the customer “lens”, participate in proposal development and contract negotiation for new ventures in close collaboration with commercial and government business development teams.
• Engage in relationship development and management with key business stakeholders
• Establish relationships with WPS Legal, Compliance and Security teams to ensure all contractual terms and conditions comply with standards
• Ensure relationship development and management with key suppliers
• Proactively manage internal and external customer expectations
• Leverage influencing skills to align objectives and goals with stakeholders, including senior and executive leadership
  
  

Supply Chain Risk Management (20%)

• Apply effective supplier risk assessment methodologies to ensure supplier accountability to contractual agreements
• Manage contract portfolio, including corrective action and performance monitoring, in accordance with WPS policy, procedure, risk management and compliance programs
• Participate in the implementation of a Vendor Management system (as deployed) and development of procedures for the vendor management program
  
  

This Role Could Be a Good Fit If You

• Highly adaptive to changing business needs and tight deadlines
• Are process improvement minded and consistently look for ways to work smarter
• Believe customer centricity is the core of being successful in this type of role
• Superb communication skills (written and verbal), clear, concise, and influential
• Understand and can execute strategy while also focusing on details
• Have a sophisticated approach to working professionally and collaboratively with customers
  
  

You’ll Benefit From This Experience By

• Working for a company that champions change and is performance-driven
• Collaborating across all lines of WPS business including strong partnerships with our legal and compliance teams
• Seeing the impact of your work which is highly visible to executive leadership
• Playing an integral role on key initiatives that contribute to organization-wide success
• Working in an environment that serves our Nation’s military, veterans, Guard and Reserves along with their families.
  
  

You Need To Have

• Bachelor's Degree in related field (Business, Finance, Supply Chain, or related field) or equivalent post high school and/or related work experience
• 3 years or more of progressive work experience within sourcing, procurement, legal, and/or supply management
• 1 year or more of work experience related to procurement, sourcing or contract management in Information Technology category(-ies).
• Strong knowledge and understanding of various contract types (Firm Fixed Price, Cost Plus, Time and Materials).
• Excellent interpersonal, communication and collaboration skills.
• Strong supplier negotiating and contract management skills.
• Proven ability to lead cross functional teams in the execution of supply agreements and delivery of cost improvement projects.
• Strong analytical, problem solving, and business acumen skills.
  
  

We Prefer

• Experience working in Deltek/CostPoint and Microsoft SharePoint
• Working knowledge of Federal Acquisition Regulations (FAR) and/or contract requirements driven by federal standards
  
  

Remote Work Requirements

• Wired (ethernet cable) internet connection from your router to your computer
• High speed cable or fiber internet
• Minimum of 10 Mbps downstream and at least 1 Mbps upstream internet connection (can be checked at https://speedtest.net)
• Please review Remote Worker FAQs for additional information
  
  

Benefits

• Remote and hybrid work options available
• Performance bonus and/or merit increase opportunities
• 401(k) with a 100% match for the first 3% of your salary and a 50% match for the next 2% of your salary (100% vested immediately)
• Competitive paid time off
• Health insurance, dental insurance, and telehealth services start DAY 1
• Professional and Leadership Development Programs
• Review additional benefits: (https://www.wpshealthsolutions.com/careers/fulltime_benefits.shtml)
  
  

Who We Are

WPS Health Solutions is a leading not-for-profit health insurer and federal government contractor headquartered in Wisconsin. WPS offers health insurance plans for individuals, families, seniors, and group health plans for small to large businesses. We process claims and provide customer support for beneficiaries of the Medicare program and manage benefits for millions of active-duty and retired military personnel across the U.S. and abroad. WPS Health Solutions has been making health care easier for the people we serve for more than 75 years. Proud to be military and veteran ready.

Culture Drives Our Success

WPS’ Culture is where the great work and innovations of our people are seen, fueled, and rewarded. We accomplish this by creating an open and empowering employee experience. We recognize the benefits of employee engagement as an investment in our workforce—both current and future—to effectively seek, leverage, and include differing and unique perspectives that fuel agility and innovation on high-performing teams. This results in people bringing their authentic selves to work every day in an organization that successfully adapts to business changes and new opportunities.

We are proud of the recognition we have received from local and national organization regarding our culture and workplace: WPS Newsroom - Awards and Recognition.

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Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Purchasing and Supply Chain

• Industries

  Insurance

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