Strategic Sourcing Manager Procurement - IT Contracting-Hybrd-14542

Description:

Position is hybrid based out of HQ 23 days a week.

Responsible for the development and of sourcing strategies that support Navy Federal Credit Union strategic vision and goals and to support efficient business operations. Individuals in this role will effect change and drive change management for new methodologies solutions and approaches to sourcing and technology within Navy Federal Credit Union. Individuals in this role will generate highquality work product and strategize vendor approach in a collaborative manner to support cost savings with beneficial contractual terms that effectively manage risk. The SSM leverages best in class practices and sound sourcing processes that drive reliable and innovative Total Cost of Ownership initiatives. Responsibilities:

Collaborate with partners to align sourcing priorities source selection conduct market research mitigate issues and add value through insights

Preparation issuance and management of a RFPs/ RFIs

Build and maintain relationships with lines of business team members management key stakeholders and external contacts (e.g. vendors etc.

Identify and work collaboratively with the client and other stakeholder groups (Operations PVM EPMO OGC Information Security etc. to achieve objectives and ensure alignment with Navy Federals strategy and business operations

Drive partner satisfaction by learning and understanding partner needs being responsive to issues integrating partners into procurement/sourcing processes and building relationships with key stakeholders

Collaboratively work with cross functional teams to develop business unit requirements and Statement of Works

Manage a competitive RFP process that is standardized with consistent language evaluation criteria

Participates in collaborative handoffs with PVM staff to ensure effectively negotiated contracts that meet desirable financial terms and conditions

Administer Nondisclosure agreements Risk Assessments and the supplier due diligence process in collaboration with P&VM Risk team

Support P&VM contracts teams in negotiating MSAs and other agreements

Support periodic performance review meetings with vendors

Provide regular feedback on supplier performance

Analyze business unit requirements for leveraging opportunities supplier recommendations acquisition planning

Consult with business unit partners to provide sourcing strategy advice to maximize favorable results and support client strategy and goals

Lead source selection activities of prequalified vendors including conducting market analysis to determine potential sources

Obtain and analyze vendor performance and delivery data for to ensure quality consistency and fairness to inform sourcing activities

Maintain vendor related documentation including source selection records supplier performance information compliance metrics and value capture results

Ability to develop the overall strategy for a product category and researches new product options in the category to drive TCO savings and achieve targets

Provide Category insight by analyzing market data and monitoring relevant market conditions

Perform other related duties as assigned or appropriate Qualifications and Education Requirements:

Bachelors Degree in Business Administration or a related field or the equivalent combination of education training and experience

Significant experience in preparing and reviewing RFPs RFIs SOWs

Significant experience in IT strategic sourcing category management subcontracts management or procurement

Significant experience in managing a formalized process of selecting monitoring and evaluating IT vendors/vendor contracts

Advanced skill translating business goals and objectives into IT capabilities

Significant experience developing negotiating and managing service level agreements

Advanced skill exercising initiative and using good judgment to make sound decisions

Advanced skill resolving conflicting requests and meeting changing requirements managing multiple priorities independently and/or in a team environment to achieve goals

Advanced skill communicating complex processes to senior leadership strong presentations skills

Advanced skill relationship building negotiation and facilitation skills

Strong Data Analytics and data manipulation skills

Significant experience with change management and organizational transformation

Working knowledge of procedures or strategic sourcing experience in financial services

7 years procurement experience