Procurement Lead at Humana

, , United States -

Full Time

Start Date

Immediate

Expiry Date

07 Mar, 26

Salary

143000.0

Posted On

07 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Procurement, Sourcing, Category Management, Vendor Management, Contract Compliance, Negotiation, Financial Acumen, Business Analysis, Communication Skills, Relationship Management, Risk Management, Supplier Segmentation, Continuous Improvement, Project Management, Spend Analytics, Environmental Sustainability

Industry

Insurance

Description

Become a part of our caring community and help us put health first The Procurement Lead generates and implements efficient sourcing and category management strategies. Manages the company's supply portfolio ensuring transparency of spending. The Procurement Lead works on problems of diverse scope and complexity ranging from moderate to substantial. The Procurement Lead complies with federal and state regulatory guidelines. Reconciles purchases with invoices from vendors, validates pricing and contract compliance. Monitors sales and margins through vendor negotiations and promotional opportunities. Deals with the pharmaceutical companies for drug purchasing. Advises executives to develop functional strategies (often segment specific) on matters of significance. Exercises independent judgment and decision making on complex issues regarding job duties and related tasks, and works under minimal supervision, Uses independent judgment requiring analysis of variable factors and determining the best course of action. Use your skills to make an impact Details Work with leadership to develop category strategies based on sourcing profession best practices, including supply market analyses, Porter’s Five Forces, should-cost models, process and domain expertise Develop risk- and probability-adjusted multi-year savings forecasts and annual savings goals Leverage internal and external resources, as part of the operating model, to deliver results in the most effective and efficient way Oversee analysis of qualitative and quantitative supplier characteristics, including supplier capabilities, supplier goals and objectives, risk profile, and supplier's financial position for requisite categories Implement a supplier segmentation program that differentiates the sourcing/management model for different supply categories and suppliers Develop multi-year sourcing pipelines that drive total value, including cost savings and supplier innovation for Humana Work collaboratively with the Continuous Improvement team for multi-business unit project implementations Drive corporate compliance to the preferred-supplier program via end-user change management and communications programs Work closely with Procurement Operations and Corporate Payables to ensure a seamless end-to-end experience for associates Develop and implement leading sourcing practices for environmental sustainability and supplier code of conduct Mitigate legal and commercial risk for Humana Required Qualifications 4+ years of experience Sourcing/supply chain/vendor management and or contracting experience Previous sourcing experience with RFI/RFQ/RFP Experience partnering and presenting to leadership Outstanding communication (oral and written) and interpersonal skills, including assertiveness, courage, and the ability to influence others Excellent relationship management skills, demonstrating mature confidence and integrity Business analysis skills to drive and implement sourcing programs and services aligned with business partner strategies Demonstrated ability to work autonomously, both as a lead and as a part of a team Ability to work in a team environment to collate and act upon feedback from all levels within the business and sourcing environments Strong financial and business acumen required Experienced in negotiations with third parties Experience building category strategies Desired Qualifications College degree in Finance, Business or another related field Project Management Spend analytics & reporting Interview Format As part of our hiring process for this opportunity, we will be using an interviewing technology called HireVue to enhance our hiring and decision-making ability. HireVue allows us to quickly connect and gain valuable information from you pertaining to your relevant skills and experience at a time that is best for your schedule. WAH Internet Statement To ensure Home or Hybrid Home/Office employees’ ability to work effectively, the self-provided internet service of Home or Hybrid Home/Office employees must meet the following criteria: At minimum, a download speed of 25 Mbps and an upload speed of 10 Mbps is required; wireless, wired cable or DSL connection is suggested. Satellite, cellular and microwave connection can be used only if approved by leadership. Employees who live and work from Home in the state of California, Illinois, Montana, or South Dakota will be provided a bi-weekly payment for their internet expense. Humana will provide Home or Hybrid Home/Office employees with telephone equipment appropriate to meet the business requirements for their position/job. Work from a dedicated space lacking ongoing interruptions to protect member PHI / HIPAA information. Travel: While this is a remote position, occasional travel to Humana's offices for training or meetings may be required. Scheduled Weekly Hours 40 Pay Range The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc. $104,000 - $143,000 per year This job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance. Description of Benefits Humana, Inc. and its affiliated subsidiaries (collectively, “Humana”) offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, volunteer time off, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities. About us Humana Inc. (NYSE: HUM) is committed to putting health first – for our teammates, our customers and our company. Through our Humana insurance services and CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large. Equal Opportunity Employer It is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status. It is also the policy of Humana to take affirmative action, in compliance with Section 503 of the Rehabilitation Act and VEVRAA, to employ and to advance in employment individuals with disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.

Responsibilities

The Procurement Lead generates and implements sourcing and category management strategies while managing the company's supply portfolio. This role involves compliance with regulatory guidelines and monitoring vendor negotiations to optimize spending.