Genworth Financial, Inc

Sourcing Manager

Genworth Financial, Inc • $80K — $158K *
Richmond, VA 23223In-Person
Technical Services
5 - 7 years of experience
2 weeks ago
Job Overview by Ladders

Qualifications

  • BS/BA in Business, Finance or equivalent experience
  • 5+ years in Sourcing, Supply Management, or Program Management
  • Strong analytical skills
  • Desire to continuously learn and grow
  • Passionate about increasing opportunities for diverse businesses
  • Proven influencing and team building skills
  • Comfortable managing and resolving conflict
  • Detail-oriented with strong documentation skills
  • Excellent interpersonal and communication skills
  • Proficient in Microsoft Office (Word, Excel, PowerPoint)

Responsibilities

  • Collaborate with business clients to select and contract high-value suppliers
  • Assess supplier risks using tools and guide the Supplier Life-Cycle stages
  • Manage strategic relationships with Value Added Resellers (VARs)
  • Understand sourcing needs through collaboration with internal departments
  • Develop complex Request for Proposals (RFPs) and lead the selection process
  • Ensure compliance with Sourcing and Supplier Management Policy
  • Maintain a pipeline of sourcing projects aligned with enterprise goals

Benefits

  • Medical, Dental, and Vision coverage starting on the first day
  • Generous Time Off policy including vacation and 12 paid holidays
  • 40 hours of paid volunteer time off per year
  • 401K plan with matching contributions
  • Tuition reimbursement and student loan repayment assistance
  • Paid family leave and childcare subsidy program
  • Disability, life, and long-term care insurance
  • Wellness support including gym membership reimbursement
Full Job Description
SOURCING MANAGER

POSITION LOCATION
Richmond/Lynchburg, VA/Stamford CT

This role is not eligible for employment visa sponsorship.

YOUR ROLE

Selecting, contracting, and managing quality suppliers is critical to protecting Genworth and ensuring we are able to meet our stakeholder commitments.

You will focus on specific categories of spend and partner with business leaders to maximize value while minimizing risk by leading requests for proposal, contract negotiations and ensuring due diligence practices are followed. Primary categories include Technology Professional Services, Value Added Resellers (VARS), Hardware, and Software.

What you will be doing
  • Collaborating closely with your business clients, select and contract with suppliers offering the most value (for example, cost savings, cost avoidance, agreement to key terms) to Genworth
  • Use the supplier risk tools to determine the service's risk tier and lead the business through the Supplier Life-Cycle stages: selection, contracting, management, and exit.
  • Manage and maintain strategic relationships with VARs and to drive performance, contract compliance, and value delivery.
  • Collaborate closely with internal departments to understand their sourcing needs, specifications, and requirements.
  • Develop and issue complex Request for Proposals, manage the selection process and lead contract negotiations.
  • Work with the Sourcing Operations and Supplier Management Leader to drive adherence to Sourcing and Supplier Management Policy.
  • Manage a pipeline of sourcing projects, ensuring prioritization aligns with enterprise goals.


What you bring
  • BS/BA in Business, Finance or equivalent work experience.
  • 5+ years of experience in a Sourcing and or Supply Management role or Program Management role
  • Strong Analytical skills
  • Inquisitive - desire to continuously learn and grow
  • Passion for increasing opportunities for diverse businesses.
  • Demonstrated effective influencing and team building skills with ability to drive results and gain commitment at all levels across the organization
  • Comfortable with conflict - creating, managing, and resolving
  • Attention to detail and willingness to read and review documentation
  • Strong interpersonal, communication (oral and written), and presentation skills.
  • Knowledgeable on Microsoft suite of office products (Word, Excel. PowerPoint, etc).
  • Occasional travel may be required


ADDITIONAL INFORMATION

Within our company the base salary pay range for the job level P3 starts at a minimum rate of $80,200 up to the maximum of $158,200. The final determination on base pay for this position will be based on multiple factors to ensure pay equity within the organization. In addition to your base salary, you will also be eligible to participate in an Incentive Plan. The Incentive Plan is based on performance and the target earning opportunity is 10%

WHY GENWORTH?
  • We have a real impact on the lives of the people we serve
  • We work on challenging and rewarding projects
  • We give back to the communities where we live
  • We offer competitive benefits including:
    • Medical, Dental, Vision, Flexible Spending Account options beginning your first day
    • Generous Choice Time Off your first full year
    • 12 Paid Holidays
    • 40 hours of volunteer time off
    • 401K Account with matching contributions
    • Tuition Reimbursement and Student Loan Repayment
    • Paid Family Leave
    • Child Care Subsidy Program


Employee Benefits & Well-Being
  • Genworth employees make a difference in people's lives every day. We're committed to making a difference in our employees' lives.
  • Competitive Compensation & Total Rewards Incentives
  • Comprehensive Healthcare Coverage
  • Multiple 401(k) Savings Plan Options
  • Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!)
  • Generous Paid Time Off - Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave
  • Disability, Life, and Long Term Care Insurance
  • Tuition Reimbursement, Student Loan Repayment and Training & Certification Support
  • Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management)
  • Caregiver and Mental Health Support Service

About Genworth Financial, Inc

Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families, and futures. Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future, and planning for retirement. In addition, the company is a global leader in managing mortgage default risk. Genworth’s Global Mortgage Insurance Division works with lender partners, regulators, and policy leaders to help more people responsibly achieve and maintain the dream of homeownership. In doing so, it promotes stronger and more sustainable communities around the world. By combining its global experience in mortgage guarantees with technology and service leadership, Genworth delivers innovation to the housing marketplace.

Genworth Financial, Inc Careers

Join the dynamic team at Genworth Financial, Inc, a leader in financial security and insurance services. With a commitment to innovation, leadership, and professional excellence, Genworth offers unparalleled job opportunities that empower you to influence the future of finance.

Work You’ll Do

At Genworth Financial, Inc, you will be part of a culture that thrives on diversity, growth, and continuous learning. As a member of our team, you will help develop solutions that secure the financial lives of millions of people. Our company is at the forefront of combining financial expertise with innovative technology to deliver exceptional service and value to our customers.

Innovate and Lead

Embrace the opportunity to lead in the financial services industry with Genworth. Our leadership is always looking ahead to harness innovative strategies that enhance our competitive edge. You will work alongside top professionals to foster innovation that drives our company forward.

Career Growth and Development

Genworth Financial, Inc is deeply invested in the professional growth and development of its employees. Whether through leadership programs, diversity training, or professional networking opportunities, we ensure that our team members are equipped to rise to new challenges and expand their skills. Our robust internal training programs are designed to support your career aspirations.

Join Our Team

Explore the wide range of job opportunities at Genworth Financial, Inc—from entry-level positions to executive roles. We offer a variety of career paths in areas such as finance, risk management, customer service, and technology. Each position at Genworth is a stepping-stone to further success, whether you are just starting out or are a seasoned professional.

Internship Programs

Kickstart your career with a Genworth internship. Our internships provide invaluable workplace experience and a chance to see what it’s like to work in a global financial services company. Interns at Genworth gain hands-on experience, working on projects that matter, and learning from leaders in the industry.

Benefits and Perks

Genworth Financial, Inc values the well-being of its employees. We offer competitive benefits packages that promote health, well-being, and financial security. Our benefits are designed to support you at different stages of your life and career.

Hiring Process

Our hiring process is designed to identify and recruit the best talent. From the initial resume submission to the final interview, each step allows us to understand your skills and potential fit within our team. We value transparency and communication, ensuring that candidates have a clear understanding of our expectations and the opportunities we offer.

Stay Connected

Search open positions that match your skills and interests on our Careers page. We look for passionate, curious, creative, and solution-driven team players. Join Genworth Financial, Inc and be part of a company that values innovation, leadership, and a diverse and inclusive workplace.

Keep Up to Date

Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here.

Job Alert Emails

Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities that await at Genworth Financial, Inc.

Explore Genworth Financial, Inc Jobs and Careers

Embark on a journey of growth, opportunity, and excellence. At Genworth Financial, Inc, every career is a path to success.
Learn more about Genworth Financial, Inc
Size
2,500 employees
Market Cap
$2.5 billion
Industry
Finance & Insurance
Net Income
$178 million
Founded
2004
5 Year Trend
-1.4%
Revenue
$8.6 billion
NASDAQ
GNW
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Genworth Financial, Inc

  • Genworth Financial, Inc
    Credit Risk Analyst
    $70K — $95K *
    Raleigh, NC 27610 (Wake County)
    Reposted Today
    Finance & Insurance
    In-Person
  • Genworth Financial, Inc
    Senior ML/AI Engineer
    $114K — $227K *
    Richmond, VA 23223 (Richmond City County)
    Reposted Yesterday
    Information Technology
    In-Person
  • Genworth Financial, Inc
    Director, Human Resources
    $100K — $130K *
    Raleigh, NC 27610 (Wake County)
    Reposted 2 days ago
    Business Services
    In-Person
  • Genworth Financial, Inc
    AI Cloud Engineer
    $100K — $130K *
    Raleigh, NC 27610 (Wake County)
    Reposted 4 days ago
    Information Technology
    In-Person
  • Genworth Financial, Inc
    Field Network Education Manager
    $75K — $95K *
    Remote
    Reposted 1 week ago
    Healthcare
    Remote in United States

More Technical Services Jobs

Find similar Sourcing Manager jobs:

NationwideRichmond, VA