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Strategic Sourcing Lead
As we expand and grow our team under the leadership and guidance of the Head of Strategic Sourcing an exciting and dynamic role has opened up for a Strategic Sourcing Specialist.
In this role, you will be responsible for developing and executing sourcing initiatives such as spend analysis , market and vendor analysis and supplier selection activities for a variety of categories, including but not limited to Professional Services, Market Data, and HR (Benefits ,Recruitment and other HR Services) .You will be required to build and execute RFPs, use our sourcing tool (Workday) and our other existing suite of tools. The role will require you to have a good foundation in financial analysis (Excel) and a strong understanding of commercial and contractual requirements (including a good grasp of any TPRM requirements). You will have the ability to put your own stamp on the role and help build out levels of efficiencies and cost-effective strategies such as demand management initiatives, and vendor rationalization programs.
We are looking for someone who can provide thought leadership and procurement subject matter expertise to our partners across our business and be a strategic partner to our internal and external stakeholders. The role is based solely out of the US but has global reach across our locations in US , London , Bermuda, and Singapore.

Profile Responsibilities

• Recommend and implement category specific Sourcing Category Strategies and processes to achieve Resolution Life’s objectives and specific business unit’s strategic plans. Drive action across functional organizations and across business units to affect policies, practices, processes and procedures having an impact on revenue and profitability.
• Focus on category management of Non IT commodities and services
• Lead the implementation/execution of competitive bidding events (RF), strategies, initiatives, and contracts/programs for highly complex and high-risk transactions. Understand spend analytics required to support the strategic objectives.
• Negotiate T&Cs and pricing for purchases. draft, redline and negotiate contracts, including but not limited to, Master Services Agreements, Master Staffing Agreements, Statements of Work, Order Forms, etc.
• Ability to use Resolution Life contract templates or modify supplier paper to meet the requirements of Resolution Life and its global entities
• Act as a trusted advisor to our key stakeholders including key senior management across multiple functions, divisions and geographic locations.
• Interact with internal/external third parties to support resolution of complex business issues requiring a balance of assertiveness, speed, tact, business acumen and diplomacy.
• Engage in strategic planning efforts at the business unit and enterprise level. Achieve annual savings targets and other performance metrics as assigned.
• Other duties as assigned.

Knowledge & Experience:

• Bachelor’s degree or equivalent experience required.
• Minimum 5 years experience in a Non IT Sourcing capacity for high complexity categories and/or projects.
• Good understanding of the TPRM (Third Party Risk Management Process) and Supplier Relationship Management.
• Strong competency in using Microsoft Word, Excel, and PowerPoint.
• Experience with the fundamentals of the Source-to-pay process (P2P)
• Must be able to effectively negotiate / read / interpret / draft pricing, commercial terms and contract terms with Resolution Life’s existing and new suppliers whilst acting as a strategic advisor to our internal stakeholders
• Takes the lead on all aspects of the negotiation, including review of proposals, understanding prior contracts, reviewing proposed new contracts, and drafting/redlining contracts in close collaboration with our GC partners.

Other Requirements:

• Ability to adapt to a fast paced and forever changing and evolving landscape.
• Ability to adapt very quickly to business change whilst meeting timelines and milestones and following the processes currently in place within the function
• Cross collaborate with internal teams
• Ability to bring in change and identify areas of change and efficiency
• Strong interpersonal, oral and written communication skills are required
• Ability to be fully autonomous but have the requisite experience to know when to seek management’s input and advice to resolve negotiation sticking points and internal process roadblocks.

Location: West Chester, PA, (Hybrid - 2-3 days per week in the office),
Resolution Life US is committed to disclosing a reasonable estimate of the base salary for our job roles. These estimates consider a wide range of factors in making base salary decisions, including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.

In addition to salary, Resolution Life US offers a comprehensive benefits package, including our health & wellness program, incentive and recognition programs, and 401k contribution (all benefits are subject to eligibility requirements). The salary range reflects figures based on the primary location, which is listed first. The range for the role may differ based on the location.

• West Chester, PA - $114,700- $140,200

Critical Skills

At Resolution Life, we have identified the following critical skills which are key to success in our culture:

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

Profile Responsibilities

• Recommend and implement category specific Sourcing Category Strategies and processes to achieve Resolution Life’s objectives and specific business unit’s strategic plans. Drive action across functional organizations and across business units to affect policies, practices, processes and procedures having an impact on revenue and profitability.
• Focus on category management of Non IT commodities and services
• Lead the implementation/execution of competitive bidding events (RF), strategies, initiatives, and contracts/programs for highly complex and high-risk transactions. Understand spend analytics required to support the strategic objectives.
• Negotiate T&Cs and pricing for purchases. draft, redline and negotiate contracts, including but not limited to, Master Services Agreements, Master Staffing Agreements, Statements of Work, Order Forms, etc.
• Ability to use Resolution Life contract templates or modify supplier paper to meet the requirements of Resolution Life and its global entities
• Act as a trusted advisor to our key stakeholders including key senior management across multiple functions, divisions and geographic locations.
• Interact with internal/external third parties to support resolution of complex business issues requiring a balance of assertiveness, speed, tact, business acumen and diplomacy.
• Engage in strategic planning efforts at the business unit and enterprise level. Achieve annual savings targets and other performance metrics as assigned.
• Other duties as assigned