Senior Sourcing Specialist

Business Services
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years experience in strategic sourcing or procurement management
  • Strong negotiation skills and knowledge of contract terms
  • Proficient in project management practices and methodologies
  • Demonstrated ability to lead medium to large teams and projects
  • Experience with market intelligence and RFx processes
  • Solid understanding of supplier performance management
  • Ability to create comprehensive reports and presentations

Responsibilities

  • Define scope and strategy for medium to high complexity sourcing events
  • Develop contract terms through supplier negotiation involving internal experts
  • Serve as subject matter expert for supplier contracts and ensure compliance
  • Market strategic sourcing value to internal stakeholders and report spend activity
  • Establish productive relationships with business leaders to understand sourcing needs
  • Lead entire sourcing process including RFxs and project management oversight
  • Evaluate complex supplier proposals based on financial parameters and qualitative trade-offs

Benefits

  • Comprehensive medical, dental, and vision benefits
  • 401(k) plan with competitive contributions
  • Pension plan and annual incentive opportunities
  • 23 days of paid time off accrued annually
  • 9 paid holidays each year
  • Student loan repayment program available
  • Paid family leave to support employees and their families
Full Job Description
Define the scope and strategy for medium to high complexity sourcing events. Develop sourcing opportunities based on spend, value opportunity, risk and resource availability. Present proposed goals, strategy and project plan to partners and sponsors, obtains approvals and aligns sponsorship and resources needed to move project into active execution. Lead teams to successful outcomes. This role is in Corporate Procurement / Strategic Sourcing (not Talent Acquisition or Recruiting). You will report to the Senior Manager, Vendor Management.

Position Compensation Range:

$80,000.00 - $131,000.00

Pay Rate Type:

Salary

Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.

Primary Accountabilities

• Defines the scope and strategy for medium to high complexity sourcing events. Identify sourcing opportunities based on spend, value opportunity, risk and resource availability. Present proposed goals, strategy and project plan to partners and sponsors, obtains approvals and aligns sponsorship and resources needed to move project into active execution. Lead teams to successful outcomes.

• Develops contract terms and conditions by negotiating with suppliers, involving internal subject matter experts, to achieve mutually beneficial outcomes while supporting overall our goals.

• Serve as a subject matter expert for assigned supplier contracts. Assure compliance with contract approval process and adherence to contract standards. Support partners in contract management from award to completion or termination.

• Markets the value of strategic sourcing to management and internal customers. Provide reporting to department leaders to help them understand spend, sourcing project activity, risks, opportunities and results.

• Establishes, develops productive senior business leader relationships with assigned departments to understand their goals and sourcing needs. Be the main contact to assigned departments for sourcing needs. Use knowledge of department's operations and goals to determine all sourcing requirements.

• Leads the entire sourcing process for RFxs, renewals, new contracts and oversees the project management process (e.g. scope, time, communication, risk mitigation, change management). Identify opportunities for process improvements and improved services for partners.

• Uses knowledge of department operations, market intelligence and defined sourcing goals to help evaluate complex competitive offerings and determine best overall offer for a product or service. Compares supplier bids across financial parameters and identifies expected timing of savings/value cash flows. Assess qualitative trade-offs between the different supplier proposals. Specialized

Knowledge & Skills Requirements

• Demonstrated experience providing customer-oriented solutions or service.

• Knowledge of sourcing practices including RFxs, contract negotiation, market intelligence.

• Understanding of supplier performance management techniques. • Solid knowledge employing advanced end-to-end strategic sourcing processes, practices and tools to large spend categories. • Demonstrated experience leading medium to large projects.

• Solid knowledge of contract negotiation techniques.

• Solid knowledge of project management practices.

• Solid understanding of goods and services contract terms. • Understanding of preparing reports, charts and presentations.

• Demonstrated experience with project management methodologies, practices, techniques and tools.

Travel Requirements • Up to 10%. Physical Requirements • Work that involves sitting/standing.

We will expect you to work 10 days per month from the office. You should reside within approximately 35-50 miles of one of the following office locations: Madison, WI 53783; Boston, MA 02110

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Additional Information
  • To ensure a strong start, all employees participate in our New Employee Orientation during their first week.  This experience is held in person at our Madison, WI Headquarters or one of our AmFam core locations to help you connect with our mission, meet key team members and build relationships that support your growth.  At times, sessions may be delivered virtually based on scheduling and availability. 
  • Offer to selected candidate will be made contingent on the results of applicable background checks
  • Offer to selected candidate is contingent on signing a non-disclosure agreement for proprietary information, trade secrets, and inventions
  • Sponsorship will not be considered for this position unless specified in the posting


We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits.

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About American Family Mutual Insurance Company

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There has never been a better time to explore the job opportunities at American Family Mutual Insurance Company, a leading entity in the insurance sector. This company stands out not only for its robust commitment to clients but also for its dedication to fostering a professional growth environment for its employees.

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Join American Family Mutual Insurance Company’s esteemed team to assist in pioneering efforts that drive innovation and leadership in the insurance industry. This is where skills meet challenge and excellence. Transform the landscape of insurance with American Family Mutual Insurance Company, where the culture of growth and leadership goes hand in hand with the pursuit of operational excellence. Lead in a unique position in the market, at the nexus of industry knowledge, professional expertise, and digital innovation. Engage with a nationwide team of business and technology advisors to help clients and the company navigate through transformative initiatives. Collaborate with a diverse group of professionals dedicated to upholding the highest standards of service and innovation in the insurance industry.

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