Procurement Manager

Procurement Manager (Insurance)
116-173k base salary + bonus

Hybrid in Morristown, NJ

The Procurement Manager is an individual contributor role with responsibility to develop, monitor and manage Category strategies for Medical Claim categories of spend. Shall also direct and execute strategic sourcing strategies, develop category best practices, negotiate contracts and manage initiatives that support aggressive improvements in supplier quality, contract quality, total cost effectiveness, enhanced service levels, improved coordination, delivery, pricing, lead-times, payment and risk compliance.

Benefits:

• Medical, dental, vision, life, mental health
• 5-7% 401k matching, stock options, 25 days PTO
• More

Responsibilities:

• Responsible for the entire lifecycle of assigned spend and will work within an agile delivery approach working closely with a sourcing delivery team.
• Has responsibility for all suppliers within the assigned category of spend emerging & existing legacy) and will drive standards/best practices for assigned spend.
• Functions as a trusted advisor to business & finance leaders to define best practices, introduce demand & supply-side opportunities and establish targets.
• Leads the end-to-end sourcing events in support of major initiatives and/or significant vendor relationships.
• Manages strategic category supplier relations and seeks growth or revision opportunities within supply base
• Consistently drafts contracts that meet quality standards for business and legal protections and risk mitigation (BRO, THIP, Legal, etc.)
• Engages with customers to ensure a high standard of service
• Responsible for the quality of contract data entered into the system.
• Accountable to work with several groups within or supporting the Claim organization

Qualifications:

• 5+ years in a corporate a sourcing & procurement function including experience sourcing & negotiating agreements of varying complexity, scope, and value, including the contract-to-payment process experience
• Experience in the insurance industry and/or with the Claim spend category required
• Bachelor’s degree required
• Experience in leading strategic sourcing process as well as reviewing, analyzing, drafting and negotiating contract terms
• Strong packaging and presentation skills with the ability to analyze and explain complex pricing models
• Experience with Coupa (or Ariba) strongly preferred