Strategic Sourcing Manager II

WellSense Health Plan; Massachusetts; Remote; USD 95,000 - 130,000; Full time

Job summary

WellSense Health Plan is seeking a Strategic Sourcing Manager II to lead strategic sourcing efforts and contract management. The ideal candidate will drive the procurement process, ensuring compliance and cost savings. Join a health insurance provider dedicated to serving its members effectively in a dynamic environment.

Benefits

Full-time remote work

Competitive salaries

Excellent benefits

Qualifications

• Bachelor’s degree in business or related field required.
• 7+ years sourcing and contracting experience.
• Healthcare experience preferred.

Responsibilities

• Manage relationships with internal customers and external suppliers.
• Negotiate and manage contracts for assigned commodities.
• Develop sourcing strategies for indirect spend categories.

Skills

Leadership

Change Management

Project Management

Negotiation

Analytical Skills

Effective Communication

Relationship Management

Problem Resolution

Risk Management

Education

Bachelor’s degree

Master’s degree in a related field (preferred)

Tools

Microsoft Office

Job description

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Join to apply for the Strategic Sourcing Manager II role at WellSense Health Plan

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 Strategic Sourcing Manager II is responsible for the delivery of best-in-class strategic sourcing, contract management and negotiation. Develop category strategies for complex, indirect spend categories in area(s) of responsibility and serve as the primary contact for business customers. Drive effective, fact-based group decisions that have significant operational or financial impact. Build and manage relationships with internal customers, contribute to savings opportunities, ensure regulatory compliance, and mitigate company risk. The ideal candidate will be a self-starter, and thrive in rapidly changing, delivery-focused environments.

Our Investment In You

• Full-time remote work
• Competitive salaries
• Excellent benefits
  
  

Key Functions/Responsibilities

• Develop sustainable strategies for moderately complex categories that include spend analysis, market and geographic considerations, and strategic importance, etc.
• Apply in-depth knowledge to solve broad issues that are complex in scope and establish medium to long- range plans.
• Recommend and implement sourcing, contracting and supplier management policies and procedures that provide for financial strength of the company and asset security.
• Drive continuous improvement in all aspects of the procurement process including the evaluation of existing contracts for savings opportunities.
• Lead favorable results through providing leadership to the function.
• Develop sustainable sourcing strategies for assigned spend categories by considering spend profiles, market and geographic considerations, WellSense’s strategic objectives, etc.
• Maintain contracting and compliance data integrity within the contract management systems.
• Lead business owners through the supplier selection, procurement, and contracting process to ensure that contracts produce value in alignment with WellSense’s objectives.
• Negotiate and manage contracts moderate in complexity for assigned commodities ensuring the relentless pursuit of cost savings and favorable terms.
• Prepare and present contract executive summaries and obtain contract approvals in accordance with governance policies.
• Create, manage and promote sound relationships with strategic suppliers and internal business partners.
• Partner with Supplier Relationship Managers and Operations Managers as needed to resolve supplier issues.
  
  

Supervision Exercised

• None
  
  

Supervision Received

• General direction received weekly
  
  

Qualifications

Education:

• Bachelor’s degree required
  
  

Preferred/Desirable

• Master’s degree in a related field preferred.
  
  

Experience

• The Strategic Sourcing Manager II: Bachelor’s degree in business, supply chain management, or related field and 7 + years sourcing and contracting experience or related field.
• Healthcare related experience preferred
• Working knowledge of regulatory requirements in a healthcare environment (FDRs, CMS, NCQA, URAC, etc.) preferred
• Experience in CMS Medicare products, Medicaid, or both preferred
  
  

Certification Or Conditions Of Employment

• Pre-employment background check
  
  

Competencies, Skills, And Attributes

• Strong leadership and change management skills
• Demonstrated strong experience in leading major sourcing events involving multi-department stakeholders
• Strong Project Management skills and experience with the ability to lead and prioritize activities.
• In depth knowledge of sourcing and contract fundamentals.
• Demonstrated knowledge of indirect spend categories, contracting skills and principles, laws, regulations, and industry standards.
• Prior experience in all elements of sourcing and category management for indirect services, including professional services and business process outsourcing.
• Experience in the 7-step strategic sourcing process with emphasis in the areas of category strategy development, RFx sourcing processes and contract management.
• Prior experience in desired spend categories.
• Proven negotiation skills and the ability to apply key sourcing principles.
• Effective communication and collaboration skills with a wide variety of stakeholders, including leadership and large groups.
• Excellent relationship management, problem resolution, and service excellence skills.
• Demonstrated competency in facilitating, leading and influencing decision-making.
• Excellent problem solving and risk management skills.
• Ability to accomplish results through others by establishing relationships, effective controls and monitoring processes.
• Ability to develop and analyze business cases, spend analytics, and financial models.
• Ability to translate data into convincing information.
• Strong working knowledge of Microsoft Office products.
  
  

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

Required Skills

Required Experience

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Contract

Job function

• Job function

  Purchasing and Supply Chain

• Industries

  Hospitals and Health Care

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