Strategic Sourcing Manager

Elevance Health, Inc.; United States; Hybrid; USD 110,000 - 181,000; Full time

Benefits offered by this job

Comprehensive benefits

401k + match

Stock purchase plan

Job summary

Elevance Health is seeking a Strategic Sourcing Manager to lead sub-category sourcing strategies and collaborate with internal customers and suppliers. The role focuses on cost savings, contract negotiations, and e-procurement content management, with opportunities to work in-office 1-2 days per week in a hybrid model.

Ideal candidates have BA/BS and extensive sourcing experience; MBA/CPSM and Carelon or pharmacy/PBM experience are preferred.

Qualifications

• Requires a BA/BS; 8 years of experience in sourcing/supplier selection with at least 6 years experience with negotiation of pricing and contract terms and conditions; or any combination of education and experience.
• Minimum requirements indicate strong negotiation, contract management and cross-functional collaboration.

Responsibilities

• Executes standardized strategic sourcing processes for assigned sub-categories.
• Builds and maintains strong working relationships with internal customers and suppliers.
• Focuses on cost savings.
• Participates in cross-enterprise commodity teams and supplier performance tracking.
• Participates in negotiations and contracts using approved terms.
• Implements sourcing recommendations and manages e-procurement catalog content.
• Monitors supplier compliance and benefits reporting.

Skills

Cost savings

Negotiation

Contract management

Sourcing strategy

E-procurement

Supplier relationship management

Education

BA/BS

MBA

CPSM

Tools

Carelon experience

Pharmacy/PBM experience

Job description

Strategic Sourcing Manager

Location: This role requires associates to be in office 1-2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office; ideal candidates being located within a commutable distance to Atlanta, GA, Mason, OH, Wallingford, CT, Tampa, FL, Indianapolis, IN, Mendota Heights, MN, or New York, NY.

Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

The Strategic Sourcing Manager is responsible for supporting Procurement. Responsible for the execution and implementation of one or more sub-category sourcing strategies.

How You Will Make an Impact

Primary duties may include, but are not limited to:

• Executes standardized strategic sourcing processes for assigned sub-categories.
• Builds and maintains strong working relationships with internal customers and key suppliers for sub-categories.
• Focuses on cost savings.
• Participates in cross-enterprise commodity teams for sub-categories and aggressively tracks and improves non-compliance preferred supplier(s).
• Participates in fact-based negotiations and executes contracts utilizing approved terms and conditions.
• Implements sourcing recommendations and develops and manages e-procurement catalog content.
• Aggressively monitors, tracks and reports supplier compliance and performance benefits.

Minimum Requirements:

Requires a BA/BS; 8 years of experience in sourcing/supplier selection with at least 6 years experience with negotiation of pricing and contract terms and conditions; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities, and Experiences:

• MBA preferred.
• CPSM preferred.
• Carelon Experience strongly preferred.
• Payment integrity and/or pharmacy/PBM experience preferred
• Complex negotiation and contract project management experience preferred

For candidates working in person or virtually in the below locations, the salary* range for this specific position is $110,440 to $180,720.

Locations: Connecticut, Minnesota, New York

In addition to your salary, Elevance Health offers benefits such as a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

* The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Who We Are

Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.

Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process should submit the Accessibility Accommodation Request Form and a member of the team will be in contact.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.

Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.