Strategic Sourcing Analyst

WellSense Health Plan; United States; Remote; USD 60,000 - 90,000; Full time

Job summary

An established industry player is seeking a Sourcing Analyst to join their dynamic team. This role is pivotal in transforming the sourcing function into a world-class organization. You will be responsible for conducting market research, evaluating suppliers, and creating contract summaries, all while working in a fully remote environment. This position offers competitive salaries and excellent benefits, making it an exciting opportunity for professionals looking to make a significant impact in the sourcing domain. If you are passionate about strategic sourcing and thrive in a fast-paced environment, this role is perfect for you.

Benefits

Full-time remote work

Competitive salaries

Excellent benefits

Qualifications

• 2+ years' experience in sourcing or contracting required.
• Ability to apply critical thinking to complex situations.

Responsibilities

• Conduct market research and supplier identification.
• Assist in supplier evaluation and selection.
• Help track cost savings and risk reduction.

Skills

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Microsoft Outlook

Critical Thinking

Communication Skills

Strategic Sourcing

Education

Bachelor's Degree in Business Administration

Bachelor's Degree in Finance

Bachelor's Degree in Information Systems

Bachelor's Degree in Computer Science

Bachelor's Degree in Healthcare Administration

Job description

It's an exciting time to join the WellSense Health Plan, a growing regional health insurance company with a 25-year history of providing health insurance that works for our members, no matter their circumstances.

Job Summary:

The Sourcing Analyst is responsible for conducting many of the administrative functions of our Sourcing team. They will assist in the efficient sourcing of goods and services while playing a key role in helping us transform Wellsense Sourcing into the world-class sourcing organization we envision.

Our Investment in You:

*Full-time remote work

*Competitive salaries

*Excellent benefits

Key Functions/Responsibilities:

• Conducting market research and supplier identification. Assist sourcing team in finding high-performing suppliers that can help Wellsense internal partners deliver objectives successfully.


• Supplier evaluation and selection. Cross-match supplier capability with business need and assist in scoring of suppliers.


• Contract summary creation. Identify key components of contracts and create simplified summaries for internal stakeholders.


• Assisting in maintenance of the Wellsense contract platform. Upload, edit and manage contracts via the Wellsense internal sourcing platform.


• Sourcing pipeline creation. Identify upcoming contracting/sourcing opportunities based on existing contractual expiration dates.


• Sourcing request intake process. Assist sourcing in reviewing supplier needs with internal business managers and collecting/managing related questions/data.


• Assisting in Supplier Diversity efforts. Work to identify potential diverse supplier partners for upcoming sourcing/contracting opportunities.


• Help track cost savings and risk reduction. Assist in the creation and management of sourcing tools and processes that track cost savings and avoidance as well as risk reduction.


• Actively identify problems, areas for continuous improvement, or needed changes to eliminate inefficient or ineffective use of resources, and recommends solutions


• Other duties as assigned

Supervision Exercised:

• None

Supervision Received:

• General direction weekly

Qualifications:

Education Required:

• Bachelor's Degree in Business Administration, Finance, Information Systems, Computer Science, Healthcare Administration or related field, or an equivalent combination of education, training and experience is required.

Experience Required:

• 2+ years' experience as a sourcing or contracting professional

Required Licensure, Certification or Conditions of Employment:

• Successful completion of pre-employment background check

Competencies, Skills, and Attributes:

• Proficient in the use of Microsoft Word, Excel, PowerPoint and Outlook.


• Ability to apply critical thinking to complex situations, solve work-related problems and make decisions in a fast-pace environment


• Strong verbal and written communication skills for interacting with all levels both inside and outside the organization.


• Advanced knowledge and experience of strategic sourcing processes and methodologies.

Working Conditions and Physical Effort:

• Regular and reliable attendance is an essential function of the position.


• Work is normally performed in a remote work environment.


• No or very limited physical effort required. No or very limited exposure to physical risk.


• Limited travel may be required

About WellSense

WellSense Health Plan is a nonprofit health insurance company serving more than 740,000 members across Massachusetts and New Hampshire through Medicare, Individual and Family, and Medicaid plans. Founded in 1997, WellSense provides high-quality health plans and services that work for our members, no matter their circumstances. WellSense is committed to the diversity and inclusion of staff and their members.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. WellSense participates in the E-Verify program to electronically verify the employment eligibility of newly hired employees