Job Description:At Regions, the Procurement Sourcing Category Strategist provides day-to-day management of larger, more complex sourcing initiatives within a cross functional team. This position will generally have responsibility for leading certain expense reduction efforts and associated vendor related engagements for certain business units or strategic categories to effectively support the delivery if business outcomes and demonstrate competencies to have responsibility for larger vendor engagements or more complex projects.Associates in this role interact daily with senior and executive level associates within business units to accomplish objectives.
Primary Responsibilities
- Utilizes strategic sourcing approach to determine and prepare request for proposals (RFP)/competitive bid requirements, solicits responses, analyzes responses, prepares recommendation and negotiates contracts to enhance efficiencies and reduce costs
- Utilizes the ability to execute the bank27s competitive bidding process and leads strategic sourcing activities for assigned areas
- Utilizes the ability to develop cross-functional teams and business objectives; identifies bidding suppliers, sets up the RFP in the bank27s P2P system, executes the RFP/competitive bid with suppliers, and works with business stakeholders to develop recommendations
- Partners with key stakeholders and senior leaders in proactively identifying expense reduction opportunities as it relates to suppliers
- Analyzes market industry conditions and develops plans to procure goods not related to information technology vendors
- Communicates corporate procurement standards to vendors and business partners
- Completes and executes RFPs and/or contracts that meet the company27s business and legal requirements
- Offers advice and guidance to junior consultants, assisting in the development of necessary skills and the promotion of continuous improvement initiatives
- May serve as team lead or supervise entry level procurement consultants
- May partner with Procurement Strategic Sourcing Technology Consultant on projects
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
This position is incentive eligible.
Requirements
- Bachelor27s degree in Business, Supply Chain/Engineering, Procurement, or related field and seven (7) years of experience in procurement or related field
- Or High School Diploma or GED and eleven (11) years of experience in procurement or related field
Preferences
- Professional certification in Supply Chain, Procurement, or related field
- Master of Business Administration (MBA) or related degree
Skills and Competencies
- Ability to lead associates to desired outcomes through influence and buy-in
- Ability to learn additional systems as needed
- Ability to research, analyze data, and derive facts
- Ability to work in a team environment when applicable
- Ability to work under pressure and meet deadlines
- Demonstrated ability to execute RFPs and/or competitive bids
- Demonstrated ability to negotiate with suppliers and internal customers to maximize value, ensure standardization, successfully resolve disputes, and drive optimal outcomes
- Demonstrated negotiation skills
- Developed relationship-building skills
- Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
- Strong verbal, written communication, and organizational skills
- Strong work ethic and self-motivation
Preferred Procurement experience in the following spaces: Corporate / Consumer Banking, Wealth Management, Treasury Management, Enterprise Payments, Wealth Management.
Position Type
Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum:
$104,869.60 USD
Median:
$143,010.00 USD
Incentive Pay Plans:
This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance.Opportunity to participate in the Long Term Incentive Plan.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions27 benefits, please click or copy the link below to your browser.
Location DetailsRegions Center
Location:Birmingham, Alabama
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
