Buyer - Service Contracts

Samsung Electronics Co., Ltd.$65K — $107K *
Manufacturing & Automotive
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Engineering, Supply Chain Management or related field.
  • Minimum 3 years of experience in service contract negotiations, particularly sole source.
  • Over 4 years of experience in procurement or supply chain management, with semiconductor experience being a plus.
  • Certifications such as CPM, CPSM or CPIM are preferred.
  • Proficiency in SAP or similar ERP systems is preferred.

Responsibilities

  • Negotiate service contracts aligned with Samsung goals and deadlines with vendors.
  • Prepare negotiation reports and secure necessary approvals.
  • Collaborate with internal teams to ensure customer needs are reflected in contract negotiations.
  • Set strategies and achieve business goals for service contracts, including selection and performance indices.
  • Coordinate with Finance and Legal to meet contract goals and ensure compliance.
  • Communicate negotiation strategies and results through detailed reporting.
  • Track KPIs and support vendor management and improvement activities.

Benefits

  • Medical, dental, and vision insurance
  • Life insurance and 401(k) matching with immediate vesting
  • Onsite café(s) and workout facilities
  • Paid maternity and paternity leave
  • Paid time off (PTO) + 2 personal holidays and 10 regular holidays
  • Wellness incentives and more.
Full Job Description
Position Summary

This position works within the Service Contracts team to manage vendor service contract negotiations for the Fab and the departments that provide direct support to Fab operations. It also manages annual service contract negotiations to include scope optimization, cost savings initiatives, and performance management. This role Collaborates with internal stakeholders including Fab Engineering, Innovation, and Samsung HQ Procurement, to ensure that customer needs are incorporated into all service contract scope negotiations. Additionally, it involves participation in setting strategy and the achievement of business goals in annual service contract agreement negotiations including selection of appropriate contract type, appropriate service level coverage, and service quality improvement.
Furthermore, the role requires coordination with Finance and Legal teams to fulfill established service contract objectives, mitigate risks, and ensure compliance.

Role and Responsibilities

Here's What You'll Be Responsible For:
  • Negotiate service contracts according to deadlines and Samsung company goals, through direct negotiation with vendors
  • Prepare Goal and Negotiation reports and secure alignment and approval
  • Collaborate with internal stakeholders (including Fab Engineering, Finance, and Samsung HQ Procurement) to align needs of ultimate customer are captured in all contract negotiation
  • Participate in setting strategy and achieving business goals in annual service contract agreement negotiations, including selection of appropriate service contract type; service contract service level coverage; performance based indices (when appropriate); and service quality improvement
  • Coordinate with Finance and Legal directly to ensure service contract goals are met, as well as mitigate risk and ensure compliance
  • Communicate negotiation strategy and results clearly through detailed report writing
  • Track/manage KPIs, compile executive reports, and support overall vendor grading/management and improvement activities


Skills and Qualifications

Here's what you'll need:
  • Bachelor's degree in Business, Engineering, Supply Chain Management or a related field.
  • Minimum of 3 years in service contract negotiations, specifically sole source.
  • 4+ years of experience in procurement or supply chain management (Semiconductor experience a plus).
  • CPM, CPSM or CPIM certification a plus.
  • Proficiency in SAP or similar ERP system preferred.


The current base salary range for this role is between $65,000 - $107,500. Individual base pay rates will depend on factors including duties, work location, education, skills, qualifications and experience. Total compensation for this position will include a competitive benefits package and may include participation in company incentive compensation programs, which are based on factors to include organizational and individual performance.

Total Rewards
At Samsung Austin Semiconductor, base pay is just one part of our total compensation package. The base compensation for this role will depend on education, experience, skills, and location.

We offer a comprehensive benefits package, including:
  • Medical, dental, and vision insurance
  • Life insurance and 401(k) matching with immediate vesting
  • Onsite café(s) and workout facilities
  • Paid maternity and paternity leave
  • Paid time off (PTO) + 2 personal holidays and 10 regular holidays
  • Wellness incentives and MORE

Eligible full-time employees (salaried or hourly) may also receive MBO bonuses based on company, division, and individual performance.

All positions at Samsung Austin Semiconductor are full-time on-site.

U.S. Export Control Compliance
This role may require access to information subject to U.S. export control laws. Applicants must be authorized to access such information or eligible for government authorization.

Trade Secrets Notice
By submitting an application, you agree not to disclose to Samsung-or encourage Samsung to use-any confidential or proprietary information (including trade secrets) belonging to a current or former employer or other entity.

About Samsung Electronics Co., Ltd.

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