Sr Sourcing Executive, Vizient Reserve

Vizient; Chicago (IL); Hybrid; USD 89,000 - 156,000; Full time

Benefits offered by this job

Incentive eligible

Hybrid work model

Job summary

Vizient in Chicago, IL, operates with a hybrid work model requiring three days in the office. The role develops customized contract strategies for complex contracting needs and leads negotiations with clients and suppliers to maximize value.

It emphasizes cost savings, data analysis, and stakeholder collaboration to support business objectives and client satisfaction. The position requires extensive experience in healthcare contracting, strong analytics, and proficient Excel skills, with travel

Qualifications

• 5+ years of experience in Healthcare, Clinical or Pharmacy.
• Expertise in drafting, redlining, and negotiating complex terms and conditions.
• Proven ability to lead complex negotiations.
• Strong analytical, financial, and problem-solving abilities.
• Exceptional verbal communication and presentation skills.

Responsibilities

• Develop customized contract strategies and recommendations for complex contracting needs.
• Lead negotiations with legal, clients, and suppliers to establish terms and conditions.
• Prepare and analyze RFPs to evaluate options and develop contracting recommendations.
• Collaborate with internal and external clients to develop contracts addressing requirements.
• Identify cost-saving initiatives for large or complex client accounts.
• Analyze cost and utilization data to identify savings opportunities.
• Monitor contract compliance to support cost savings and objectives.
• Support supplier relationships via cross-references, in-services, trials, issues.
• Develop and deliver communication strategies for recommendations and opportunities.
• Build and maintain relationships with clients and senior leaders; guide team members.

Skills

Analytical skills

Financial analysis

Problem solving

Verbal communication

Presentation skills

Multi-tasking

Education

Bachelor's degree in Business or related field

Tools

Microsoft Excel

Job description

When you’re the best, we’re the best. We instill an environment where employees feel engaged, satisfied and able to contribute their unique skills and talents while living and working as their authentic selves. We provide extensive opportunities for personal and professional development, building both employee competence and organizational capability to fuel exceptional performance through an inclusive environment both now and in the future.

Summary

In this role, you will develop customized contract strategies for complex contracting needs, including physician preference, clinical preference, purchased services, and capital, to reduce spend, improve operational efficiencies, and maximize value for clients. You will independently lead complex contracting activities, analyze opportunities, collaborate with clients and suppliers, and develop recommendations that support cost savings and business objectives. You may also provide guidance to other team members.

Responsibilities

• Develop customized contract strategies and recommendations for complex contracting needs, including physician preference, clinical preference, purchased services, and capital.
• Lead negotiations with legal, clients, and suppliers to establish contract terms and conditions, build consensus, and execute agreements that meet business objectives.
• Prepare and analyze requests for proposals to evaluate options and develop contracting recommendations.
• Collaborate with internal and external clients to develop contracts that address specific requirements and complex sourcing needs.
• Identify and recommend cost-saving initiatives for large or complex client accounts and projects using advanced knowledge of client and supplier needs.
• Analyze and interpret cost and utilization data to identify savings opportunities, recommend process improvements, and engage analytical resources as needed.
• Monitor contract compliance with terms and conditions to support achievement of anticipated cost savings and program objectives.
• Support supplier relationships by coordinating product cross-references, in-services, trials, and resolution of product-related issues.
• Develop and deliver communication strategies that effectively convey recommendations, successes, opportunities, and challenges to clients and other audiences.
• Build and maintain strong relationships with internal and external clients, including supporting engagement with senior leaders and providing guidance to team members as needed.

Qualifications

• Relevant degree preferred. Business, Supply Chain, Legal Studies, Healthcare Administration, or related field preferred.
• 5 or more years of experience in Healthcare, Clinical or Pharmacy.
• Expertise in drafting, redlining, and negotiating complex terms and conditions.
• Proven ability to lead complex negotiations.
• Strong analytical, financial, and problem-solving abilities.
• Exceptional verbal communication and presentation skills, which are critical for facilitating supplier discussions, clearly articulating contract changes, and ensuring alignment among internal stakeholders and clients throughout the sourcing and negotiation process.
• Proficiency in Microsoft Office. Advanced Excel experience.
• Ability to manage multiple priorities in a fast-paced, matrixed environment.
• This role follows a hybrid work model, requiring three days per week in the office. Office locations include Irving, TX; Chicago, IL; and Centennial, CO.
• Willingness to travel.

Estimated Hiring Range

At Vizient, we consider skills, experience, and organizational needs in our compensation approach. Geographic factors may adjust the range estimate and hires typically fall below the top range. Compensation decisions are tailored to individual circumstances. The current salary range for this role is $88,900.00 to $155,500.00.

This position is also incentive eligible.

Vizient has a comprehensive benefits plan! Please view our benefits here:

http://www.vizientinc.com/about-us/careers

Equal Opportunity Employer: Females/Minorities/Veterans/Individuals with Disabilities

The Company is committed to equal employment opportunity to all employees and applicants without regard to race, religion, color, gender identity, ethnicity, age, national origin, sexual orientation, disability status, veteran status or any other category protected by applicable law.