Sourcing Manager, Corporate Sourcing and Procurement at Equitable

Syracuse, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

24 Mar, 26

Salary

80000.0

Posted On

24 Dec, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Project Management, Collaboration, Risk Management, Vendor Evaluation, Procurement, Business Acumen, Influencing, Critical Thinking, Communication, Data Analysis, Spend Optimization, Negotiation, Vendor Risk Assessment, Sourcing, Stakeholder Management, Operational Processes

Industry

Financial Services

Description

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 procurement 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 (in partnership with a gainshare provider), vendor risk assessments, contracting, and ongoing vendor management of the organization’s third-party vendor contracts. Using contemporary technology platforms, CSP partners with business area vendor managers to manage risk while providing the best value for the negotiated price. CSP is focused 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 drive value, working effectively toward outcomes through effective collaboration with outside procurement partners, business area owners, and other stakeholders. The role is responsible for an assigned portfolio of strategic initiatives, with a deep understanding of the value drivers in the source-to-pay process. We are looking for a candidate with experience sourcing technology and services in the Financial industry, who is collaborative, exhibits excellent project management skills, and is comfortable working in a lean organization with competing priorities. Responsibilities include: Lead assigned third-party vendor initiatives with a focus on spend optimization through partnership with gainshare vendors, by leveraging strong working relationships with business area owners, other Sourcing Managers and other key stakeholders. Implement and demonstrate project management discipline to plan, execute and communicate project approach, priorities, status and risk assessment to drive to key outcomes effectively and timely. Ensure proper execution of assigned projects, monitoring services provided, updating stakeholders and project management tools. Develop and maintain strong working relationships with the broader CSP team and with all stakeholders across the company. Assist with other source-to-pay critical initiatives as assigned, leveraging working knowledge of business processes, risk, analysis and controls. Matters are driven by business priorities and may relate to sourcing, vendor risk assessments, procurement operations or accounts payable process or technology. The base salary range for this position is $59,000 - $80,000. 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 Required Qualifications: 3+ years of corporate sourcing and procurement experience Demonstrated understanding of business operational processes, including source-to-pay processes Ability to lead projects, manage timelines, and influence others with a focus on business value and outcomes Ability to effectively facilitate meetings and communicate results and next steps to stakeholders Preferred Qualifications: Critical thinker with ability to analyze problems and data to drive timely results Knowledge of business risk, vendor risk and overall controls mindset Excellent verbal and written communication skills Curious about learning new ways to optimize third-party spend, investigating contracts and other related data to help identify opportunities for optimizing spend. Skills: Business Acumen: Knowledge of business concepts, tools, and processes that are needed for making sound decisions in the context of the company's business; ability to apply this knowledge appropriately to diverse situations. Cross-functional Collaboration: Knowledge of collaborative techniques and approaches; ability to promote a culture of continuous improvement and working together across functions to solve business problems and meet business goals Influencing: Knowledge of effective influencing tactics and strategies; ability to impact decisions within and outside own organization. Knowledge of a Specific Procurement System: Knowledge of the features, functions and operations of a specific procurement system; ability to develop and use tools, techniques, and practices for a specific procurement application. 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. 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. Risk Management: Knowledge of processes, tools and techniques for assessing and controlling an organization's exposure to risks of various kinds; ability to apply knowledge of risk management appropriately to diverse situations. Vendor/Supplier Evaluation and Selection: Knowledge of vendor/supplier evaluation and selection; ability to utilize the processes, strategies, practices and tools for evaluating, selecting and certifying vendors, suppliers and partners. ABOUT EQUITABLE At Equitable, we’re a team 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.

Responsibilities

The Sourcing Manager will lead third-party vendor initiatives focused on spend optimization and manage project execution. They will also develop strong relationships with stakeholders and assist with source-to-pay initiatives.