Strategic Sourcing Manager

Position Title:

Strategic Sourcing Manager

Job Description:

The Healthcare Product Sourcing Team manages a portfolio of member and client facing solutions across Commercial and Government business units. This position is part of Elevance Health's Global Supply Chain Team and will work on vendor contract deals that interface with the Healthcare Commercial Business Division and the Government Business Division.

The Strategic Sourcing Manager executes standardized contracts with suppliers that provide highly regulated services for healthcare members. The role will facilitate all phases, contract, initiation/renewal paperwork to include maintenance of documentation and tracking to completion. The successful candidate will be detail oriented in monitoring required communication, support materials and ensure licensing, legal and regulatory requirements are in compliance. Effective/timely/detailed interaction with local, state, and national oversight bodies as well as internal subject matter experts and other stakeholders is essential for success. Primary duties may include, but are not limited to:

• Executes standardized strategic sourcing processes for assigned sub-categories.
• Builds and maintains strong working relationships with internal customers and key suppliers for sub-categories.
• Focuses on cost savings.
• Participates in cross-enterprise commodity teams for sub-categories and aggressively tracks and improves non-compliance preferred supplier(s).
• Participates in fact-based negotiations and executes contracts utilizing approved terms and conditions.
• Implements sourcing recommendations and develops and manages e-procurement catalog content.
• Aggressively monitors, tracks and reports supplier compliance and performance benefits.
• Draft, structure, review, revise, and negotiate a variety of contracts with customers, partners, and vendors. Liaise with internal stakeholders and departments to confirm any requested content changes to documents are agreeable.
• Participates in fact-based negotiations and executes contracts utilizing approved terms and conditions, while facilitating across multiple subject matter expert teams in the company.
• Regulatory requirements and makes adjustments to contracts when needed.
• Acts as a liaison and business partner with other departments concerning contracts. Builds and maintains strong working relationships with internal department partners and the suppliers.
• Prepares new and amended contracts with very little supervision, is very detailed oriented and has attention to details is preferred.
• Tracks communications and contract status in accordance with other processes. Own contract lifecycle, including approvals, version control, and execution.
• Examines contracts and related documents to ensure completeness and accuracy as well as conformance to applicable compliance and regulatory rules.
• Liaise with internal stakeholders and departments to confirm any requested content changes to documents are agreeable. Provide advice and guidance related to contract structure and negotiation.
• Develop and maintain excellent working relationships with suppliers and internal customers to understand and meet their needs.
• Recognize organizational risks, limitations, or concerning language and understand proper escalation points when language modifications are proposed by external parties.
• Comfort and skill articulating and discussing contracting issues and working with legal partners and other departments to resolve them.
• Identify opportunities to improve business processes and contracting efficiencies.
• Strong knowledge of legal terminology, essential contract terms, boilerplate, contextual impacts, risks, and key considerations.
• Solid time management and organizational skills preferred.
• Communication Skills: Strong verbal and written communication skills as evidenced by positive interactions with coworkers, management, clients and vendors preferred.
• Team Collaboration Skills: Works effectively and collaboratively with other team members to accomplish mutual goals. Bring positive and supportive attitude to achieving these goals is preferred.
• Ability to balance tasks and multiple competing priorities preferred.
• Friendly, adaptable personality; maintains a positive attitude under pressure preferred.
• Professional with a high level of self-motivation and energy preferred.
• Ability to work independently in a fast-paced environment with minimal supervision preferred.
• Client-service mentality preferred.
• Working knowledge of medical terminology preferred.
• Working knowledge of applicable federal regulations and GCP preferred.
• An analytical, solutions-driven mindset is preferred.

Requirements:

• a BA/BS; 8 years of experience in sourcing/supplier selection with at least 6 years experience with negotiation of pricing and contract terms and conditions; or any combination of education and experience, which would provide an equivalent background.
• MBA preferred.
• CPM preferred.

For candidates working in person or remotely in the below locations, the salary* range for this specific position is $91,920.00 - $114,900.00.

Locations: California; Colorado; Nevada; New York; Washington State; Jersey City, NJ

In addition to your salary, Elevance Health offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the company. The company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

* The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.

Job Level:

Non-Management Exempt

Workshift:

Job Family:

PUR > Sourcing

Be part of an Extraordinary Team

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. A Fortune 20 company with a longstanding history in the healthcare industry, we are looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve. You will thrive in a complex and collaborative environment where you take action and ownership to solve problems and lead change. Do you want to be part of a larger purpose and an evolving, high-performance culture that empowers you to make an impact?

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy, providing various levels of flexibility while also ensuring that associates have opportunities to connect in-person. Unless in a designated virtual-eligible role and specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process. Candidates must reside within 50 miles or 1-hour commute each way of a relevant Elevance Health location.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19. If you are not vaccinated, your offer will be rescinded unless you provide - and Elevance Health approves - a valid religious or medical explanation as to why you are not able to get vaccinated that Elevance Health is able to reasonably accommodate. Elevance Health will also follow all relevant federal, state and local laws.

Elevance Health has been named as a Fortune Great Place To Work in 2022, has been ranked for five years running as one of the 2023 World's Most Admired Companies by Fortune magazine, and is a growing Top 20 Fortune 500 Company. To learn more about our company and apply, please visit us at careers.ElevanceHealth.com. Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact [email protected] for assistance.