Job Description:
Role Summary/Purpose:
The Sourcing Manager will execute and carry out the sourcing process, ensure supplier compliance during on-boarding and engagement for renewal time periods, review contractual agreements of assigned suppliers, including developing certain sourcing category strategies for PH and US hubs. In this role, you will manage and mitigate supplier as well as business risks and work closely with the business leaders and as needed with the Category Managers to do so.
Essential Responsibilities:
- Regularly meet with business owners across Synchrony lines of businesses (LOBs) and/or VP Category Leaders to provide guidance and direction to functional teams, with strong process responsibility to develop comprehensive plan to execute while meeting business needs (i.e., examine scope, cost, availability of products/services and market conditions to complete projects).
- Expertise on PH and US markets more specifically with the local markets in terms of supplier/products/services and local compliance requirement for suppliers
- Drive sourcing initiatives with focus on driving productivity, cost saving benefits and identifying rationalization opportunities.
- Leverage professional expertise with Legal and business owners to review and modify contractual terms & conditions.
- Oversight of supplier compliance with regulatory and reputational requirements throughout all stages of the sourcing process.
- Conduct RFIs/RFPs, market research and identification, qualification and competitive analysis of required products, services, and financials.
- Utilize Source to Pay and e-Auction tools to leverage competition and drive cost reductions.
- Identify, streamline and drive implementation of sourcing strategies for various categories.
- Work with Supplier Management teams to ensure alignment with Source to Pay strategies, goals, and objectives.
- Regularly monitor, track and report on Sourcing projects to ensure adherence to cycle-time performance metrics.
- Create PowerPoint/Excel materials for review with senior and executive management teams, as required.
- Support updating of all purchasing-related SOPs.
- Perform other duties and/or special projects, as assigned.
Qualifications/Requirements:
- Bachelor’s degree with a minimum 3 years of experience in financial services or insurance (i.e., Supplier Risk Management, Operations, Customer Service, Collections)
- Minimum of 5 years of experience within Sourcing (including but not limited to category management, contract negotiations, supply chain management, supplier management, and/or logistics) with a proven track record for strong execution
For internal applicants:
- Must be in current role for at least 12 months
- Must not be on active CAP (formal/Final Formal)
Desired Characteristics:
- Demonstrated project management skills
- Must have proven strong facilitation skills and experience delivering presentations
- Must have proven quantitative and analytical skill set
- Experience providing outstanding oral and written communication skills at all levels of the organization
- High enthusiasm and desire to work in fast paced, ever changing environment
- Proven ability to manage complex initiatives across multiple teams/platforms
- Ability to work independently and effectively manage multiple priorities with little supervision
- Experience working with reporting and analytics systems (Tableau, SAS, or comparable software)
- Experience working with Source to Pay systems (Coupa, Ariba, Oracle, or comparable solution)
- Strong PC proficiency (Microsoft Suite including: Word, Excel, PowerPoint, and Outlook) or comparable software application
Grade/Level: 09
Job Family Group:
Sourcing
