Equitable Sourcing Manager in Syracuse, New York
Sourcing Manager ( 230000WR )
Primary Location : UNITED STATES-NY-Syracuse
Other Locations : UNITED STATES-NC-Charlotte
Organization : Equitable
Schedule : Full-time
At Equitable, our power is in our people.
We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential?
Corporate Sourcing and Procurement (CSP) team partners with business areas, as trusted advisors and business facilitators, to provide leading sourcing strategies and expertise, to manage vendor risk and optimize third party spend.
CSP is at the forefront of major company initiatives with primary responsibility for negotiations, risk assessment, contracting and ongoing vendor management of the organization’s third-party vendor contracts. Using contemporary technology platforms, the CSP team partners with business area vendor managers in a manner that manages risk while providing the best value for the negotiated price. The CSP team, focuses on mindset, approach, and tools to drive increased value through effective risk management, spend optimization and speed to market.
The CSP Sourcing Manager is an experienced professional with proven ability to add value through collaboration, data insights, negotiation strategy, enterprise view, with an approach that works effectively toward outcomes through effective collaboration with business area owners, stakeholders, and 3 rd party vendors. The Sourcing Manager role executes and delivers from assigned initiatives through an optimized base of strategic vendors and has a deep understanding of the value drivers in the source-to-pay process. We are looking for a leader comfortable working in a lean organization, flexible in managing competing priorities and focused on value-based outcomes.
Responsibilities include, but are not limited to :
Lead assigned third-party spend initiatives with a focus on spend optimization through quick-wins and sustained value, by leveraging strong working relationships with business area owners, subject matter experts, and other key stakeholders.
Create value to the business through data driven insights and analysis of third-party spend and critical vendor relationships. Use results to inform business area portfolio transparency and priorities to optimize third-party spend.
Maintain effective working relationships and represent CSP with executive leaders in all areas of the company.
Implement and drive project management discipline to plan, execute and communicate project approach, priorities, status, and risk assessment to provide effective and timely project execution.
Develop and maintain strong working relationships with the broader CSP team
Ensure proper execution of assigned projects, monitoring services provided, updating stakeholders and project management tools.
Assist with other source-to-pay critical initiatives as assigned, leveraging working knowledge of business process, risk, analysis, and controls. Matters are driven by business priorities and may relate all areas of CSP including sourcing, vendor risk assessments, procurement operations, and/or accounts payable process or technology.
Management Responsibility: Will lead and guide, assigned initiatives and projects, and work collaboratively with key internal and external stakeholders.
The base salary range for this position is $85,000-$125,000. Actual base salaries vary based on skills, experience, and geographical location. In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.
For eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below.
Equitable Pay and Benefits: Equitable Total Rewards Program (https://portal.equitable.com/appentry/EDoxRedirect?node_id=A2023013000001)
5 years of strategic sourcing and procurement experience
Outstanding negotiation abilities
Critical thinker with ability to analyze problems and data to drive timely results
Experience leading Sourcing competitive RFx events, obtaining quotes from different suppliers, and negotiating the best price and contractual terms
Proven ability to lead projects and influence others with a focus on business value and outcomes
Demonstrated success in using data analysis to inform decision making and sourcing strategy
Knowledge of business risk, vendor risk and overall controls mindset
Demonstrated understanding of business operational processes, preferably source-to-pay processes
Effectively facilitates meetings and communicates results to peers and executive management, rolling up messaging to bring along stakeholders and drive to specified outcomes
Established meeting management and presentations skills and comfortable presenting ideas and influencing others at all levels of the organization
Curious about learning new ways to optimize third-party spend, investigating contracts and other related data to help identify opportunities for optimizing spend.
Able to balance technical acumen, problem-solving abilities, and interpersonal skills
Develops and maintains effective working relationships within the team and across business areas
Demonstrated success as a leader in a large financial services organization
Effective Communications: Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
Influencing: Knowledge of effective influencing tactics and strategies; ability to impact decisions within and outside own organization.
Managing Multiple Priorities: Knowledge of effective self-management practices; ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.
Negotiating: Knowledge of successful negotiation concepts and techniques; ability to negotiate successfully across the organization and with external vendors and clients in a constructive and collaborative manner.
Procurement: Knowledge of buying and procurement; ability to work with organizational strategies and practices, and use tools for buying goods, supplies, equipment and services needed to conduct business.
RFP (Request for Proposal): Knowledge of RFP (request for proposal); ability to understand and utilize processes, tools and techniques for responding to a customer RFP and creating viable proposals for work to be done.
Strategic Sourcing: Knowledge of strategic sourcing methods, technologies and processes; ability to analyze, improve and re-evaluate organizational procurement process continuously.
Vendor Management: Knowledge of vendor management methodologies, technologies and processes; ability to gain increased value and excellent services from vendors, as well as costs control and risk mitigation throughout the deal life cycle.
Diversity, Equity and Inclusion: Demonstrates a commitment to Diversity, Equity and Inclusion by treating everyone with respect and dignity, ensuring all voices are heard and advocating for change.
At Equitable, we’re a team of over ten thousand strong; committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives.
We turn challenges into opportunities by thinking, working, and leading differently – where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities.
We are continuously investing in our people by offering growth, internal mobility, comprehensive compensation and benefits to support overall well-being, flexibility, and a culture of collaboration and teamwork.
We are looking for talented, dedicated, purposeful people who want to make an impact. Join Equitable and pursue a career with purpose.
Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.
NOTE: Equitable participates in the E-Verify program.
If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at TalentAcquisition@equitable.com .
Req ID: 230000WR