Virtua

Strategic Sourcing Portfolio Manager

Virtua$75K — $116K *
Stow, OH 44224In-Person
Healthcare
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in sourcing or procurement; candidates with 2-3 years and a bachelor's degree are also considered.
  • High School diploma required; Bachelor's Degree preferred.
  • Proven ability to negotiate contracts and manage complex supplier relationships.
  • Experience with multi-facility sourcing and contract compliance.
  • Strong analytical skills for value analysis and expense reduction efforts.

Responsibilities

  • Manage and negotiate contracts to achieve competitive pricing and service levels.
  • Ensure proper authorization and document management for contracts.
  • Introduce and implement product and service utilization improvements for measurable savings.
  • Facilitate and manage the bid process for products and services.
  • Conduct market research and develop sourcing strategies with internal stakeholders.
  • Regularly meet with vendors to evaluate performance and explore opportunities.
  • Resolve invoice discrepancies and manage accruals.

Benefits

  • Comprehensive medical, dental, and vision insurance.
  • Health and dependent care flexible spending accounts.
  • 401(k) plan with matching contributions, subject to bargaining agreement.
  • Paid time off and sick leave.
  • Tuition assistance for further education opportunities.
  • Employee assistance program with free counseling sessions.
Full Job Description
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.

About Virtua

Virtua is a non-profit healthcare system that provides a wide range of services to patients in southern New Jersey. The system includes four hospitals, multiple outpatient centers, and a variety of other healthcare facilities. Virtua was founded in 1998 and is headquartered in Marlton, New Jersey. The system is committed to providing high-quality care and services to its patients, and has received numerous awards and recognitions for its efforts.
Learn more about Virtua
Size
10,000 employees
Industry
Founded
1999

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