Strategic Sourcing Portfolio Manager

Virtua Health; Stow (OH); On-site; USD 75,000 - 117,000; Full time

Job summary

Virtua Health in Stow is seeking an experienced procurement professional to manage and optimize contract negotiations for a multi-facility organization. The role emphasizes supplier negotiations, contract execution, and value-driven procurement across internal stakeholders and external vendors.

The position requires a minimum of high school education, with a bachelor’s degree preferred. It offers full-time employment, regular hours, and a comprehensive benefits package."

Qualifications

• 5 years of progressively responsible experience in sourcing or procurement activities; 2–3 years accepted with a bachelor’s degree.
• High School diploma is required; a Bachelor's degree is preferred.
• Experience in supplier negotiations and contracts is expected.

Responsibilities

• Reviews, negotiates and executes supply contracts, service agreements, blanket orders and one-time purchases.
• Maintains contracts with internal stakeholders, supplier representatives, sourcing peers and GPOs.
• Demonstrates value analysis, expense reduction and customer service in a multi-facility sourcing environment.
• Ensure appropriate authorization, routing of contracts, distribution and document management.
• Conduct market research and strategy development with internal stakeholders.
• Meet with vendors to review contracts and evaluate performance.

Skills

Sourcing

Procurement

Contract negotiation

Vendor management

Stakeholder management

Education

High School diploma

Bachelor's degree preferred

Job description

At Virtua Health, we exist for one reason - to better serve you. That means being here for you in all the moments that matter, striving each day to connect you to the care you need. Whether that's wellness and prevention, experienced specialists, life-changing care, or something in-between - we are your partner in health devoted to building a healthier community.

If you live or work in South Jersey, exceptional care is all around. Our medical and surgical experts are among the best in the country. We assembled more than 14,000 colleagues, including over 2,850 skilled and compassionate doctors, physician assistants, and nurse practitioners equipped with the latest technologies, treatments, and techniques to provide exceptional care close to home. A Magnet-recognized health system ranked by U.S. News and World Report, we've received multiple awards for quality, safety, and outstanding work environment.

In addition to five hospitals, seven emergency departments, seven urgent care centers, and more than 280 other locations, we're committed to the well-being of the community. That means bringing life-changing resources and health services directly into our communities through our Eat Well food access program, telehealth, home health, rehabilitation, mobile screenings, paramedic programs, and convenient online scheduling. We're also affiliated with Penn Medicine for cancer and neurosciences, and the Children's Hospital of Philadelphia for pediatrics.

Location:

Stow - 20 W Stow Rd

Remote Type:

On-Site

Employment Type:

Employee

Employment Classification:

Regular

Time Type:

Full time

Work Shift:

1st Shift (United States of America)

Total Weekly Hours:

40

Additional Locations:

Job Information:

Job Summary:

Reviews, negotiates and executes all assigned supply contracts, service agreements, blanket orders and onetime purchases. Maintains contracts with internal stakeholders, supplier representatives, sourcing peers and Group Purchasing Organization. Demonstrates value analysis, expense reduction, and customer service skills while navigating a complex multi-facility sourcing environment. Objective is to ensure best in class industry pricing and contract terms and conditions. Individual will receive guidance and oversight from director but is expected to exercise critical thinking to bring forth solutions to problems.

Position Responsibilities:

Manages and negotiates contracts to ensure competitive pricing, price protection, and service levels. Ensure that appropriate authorization, routing of contracts, distribution and document management occurs. Ensure all configuration changes pertaining to new or amended contracts are implemented in a timely and accurate manner.

Develops and introduces better utilization of products and services. Implements suggestions, securing measurable savings.

Initiates, creates, facilitates and manages the bid process for products and services.

Works with internal stakeholders to do market research and strategy development.

Regularly meet with assigned vendors to review contracts, evaluate vendor performance and consider future opportunities.

Reviews and resolves invoice discrepancies and accruals.

Position Qualifications Required:

Required Experience:

5 years of progressively responsible experience in sourcing or procurement activities, would consider candidates with 2-3 years' experience and a bachelor's degree.

Required Education:

High School diploma required.

Bachelor's Degree preferred.

Annual Salary: $75,177 - $116,950The actual salary/rate will vary based on applicant's experience as well as internal equity and alignment with market data.

This position is eligible to participate in one of Virtua's annual incentive compensation plan (AICP). The amount is subject to the terms and conditions of the plan document. Virtua offers a comprehensive package of benefits for full-time and part-time colleagues, including, but not limited to: medical/prescription, dental and vision insurance; health and dependent care flexible spending accounts; 403(b) (401(k) subject to collective bargaining agreement); paid time off, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, colleague and dependent life insurance and supplemental life and AD&D insurance; tuition assistance, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.

For more benefits information click here.