Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.

The Strategic Sourcing Manager will support internal business stakeholders with third-party supplier needs and relationships, including sourcing strategy, competitive sourcing events, contract negotiation and drafting, supplier risk management, contract management, and supplier performance. This role will also help design and implement enhanced vendor management protocols in partnership with company affiliates to standardize vendor governance across the company.

What you will do:

• Build positive internal relationships by providing a high level of service, competence, and professionalism.
• Develop and execute sourcing strategies aligned to business unit needs and priorities.
• Lead the competitive sourcing process from start to finish, including developing RFX packages and scorecards, assisting decision-makers with proposal analysis, coordinating vendor demos, negotiating deal terms, and leading each stage of the process.
• Analyze pricing proposals, business and budget impact, and potential cost savings.
• Champion and execute vendor management best practices to maximize the value of vendor relationships.
• Perform ongoing vendor due diligence, with a focus on identifying and mitigating operational, organizational, financial, legal, and regulatory risks.
• Proactively manage contract renewals and renegotiations.
• Negotiate contract terms and conditions for agreements, statements of work, amendments, NDAs, and other legal documents to achieve optimal terms and conditions for the company.
• Prepare and provide timely reporting on savings, active projects, new vendor risks, and other data.
• Communicate effectively with key stakeholders and upper management, providing information and insights that support business decision-making.
• Understand, comply with, and help further refine company and department policies and procedures.
• Manage workload effectively, meet commitments, and ensure expected results are achieved.
• Work with company affiliates and divisions in the U.S., Europe, and Canada to leverage global supplier agreements when possible.
• Work with minimal supervision while also supporting team members and co-workers.

What you will bring:

• Bachelor’s degree in business management, accounting, finance, supply chain, or a relevant field, or equivalent work experience.
• Minimum of 6 years of experience in purchasing or procurement, including sourcing, contracting, vendor management, and risk management.
• Excellent organizational, analytical, time-management, and problem-solving skills, with the ability to manage and prioritize multiple projects concurrently.
• Excellent written, interpersonal, and verbal communication skills.
• Strong interpersonal skills to develop and maintain effective working relationships with senior management, key stakeholders, colleagues, and vendors.
• Ability to lead difficult conversations, communicate the value of procedures and policies, and build consensus with a balance of assertiveness, tact, and diplomacy.
• Proven track record of achieving savings goals.
• Ability to work autonomously and with little direction.
• Ability to balance business demands, legal requirements, policies, and processes to achieve positive outcomes.
• Proven contract negotiating skills and results.
• Familiarity with vendor management concepts, including strategies for effective performance management, contract compliance, and risk monitoring.
• Personal motivation to do a great job, be a strong team member, and provide value to the company.
• Ability to demonstrate initiative, mature judgment, customer service orientation, and the ability to anticipate the needs of the organization.
• Experience with automated procurement solutions, including P2P and e-auctions.

What will set you apart:

• Advanced degree in business or law.
• Certifications in project management and process improvement.

This job operates in a professional office environment.

This job description is not intended to be an exhaustive list of all duties, responsibilities and qualifications of the job. The employer has the right to revise this job description at any time. You will be evaluated in part based on your performance of the responsibilities and/or tasks listed in this job description. You may be required to perform other duties that are not included on this job description. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason, as per terms and conditions of your employment contract.

What we offer you

We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance.

• Medical, dental, vision and life insurance
• Retirement savings – 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
• Tuition reimbursement up to $5,250/year
• Business-casual environment that includes the option to wear jeans
• Generous paid time off upon hire – including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
• Paid volunteer time — 16 hours per calendar year
• Leave of absence programs – including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
• Business Resource Groups (BRGs) –  BRGs facilitate inclusion and collaboration across our business internally and throughout the communities where we live, work and play. BRGs are open to all.

Base Salary Range

The salary range above shows the typical minimum to maximum base salary range for this position in the location listed. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation offered may vary from posted hiring range based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

Equal opportunity employer •  Drug-free workplace

We are an equal opportunity employer with a commitment to diversity.  All individuals, regardless of personal characteristics, are encouraged to apply.  All qualified applicants will receive consideration for employment without regard to age (40 and over), race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law. 

***For remote and hybrid positions you will be required to provide reliable high-speed internet with a wired connection as well as a place in your home to work with limited disruption. You must have reliable connectivity from an internet service provider that is fiber, cable or DSL internet. Other necessary computer equipment, will be provided. You may be required to work in the office if you do not have an adequate home work environment and the required internet connection.***

Job Posting End Date at 12:01 am on:

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