Strategic Sourcing Manager

at  BECU

As the nation’s largest community credit union, we begin every day focused on delivering superior financial products and services for our 1.3 million members and more than $30 billion in managed assets. Our work has an economic impact as we support our members’ financial goals. We are unapologetic about being devoted to our members and the communities we serve. Our business is guided by our people helping people philosophy – which includes our team members.
BECU has been in business for more than 85 years, driven by unwavering core values and a dedication to improving the communities we serve. While we have a rich history, the future of our company, accelerated by business and technology transformation, is even brighter. There’s never been a better time to work for BECU.
To learn more visit becu.org/careers.

QUALIFICATIONS:

Minimum Qualifications:

• Bachelor’s degree in a business-related field or equivalent experience.
• Minimum of five years in strategic sourcing/procurement with expertise across various indirect categories of spend.
• Experience with vendor agreements, including MSAs, SOWs and SLAs
• Experience in developing category strategies, vendor negotiation and vendor relationship management.
• Experience handling conflict and negotiations

Desired Qualifications:

• Familiarity with financial institutions and BECU’s regulatory environment
• Advanced PC skills, with an advanced knowledge and use of Excel (e.g., XLOOKUP, Pivot tables, etc.)
• Strong change management skills
• Experience in leading the application of best practice sourcing skills.
• Demonstrated strong analytical skills and the ability to transform data into clear and relevant information.

• Lead Competitive Sourcing Processes: You’ll manage the end-to-end sourcing processes, including RFPs, RFIs, RFQs, and develop negotiation strategies that align with our business goals.
• Develop Negotiation Strategies: In collaboration with business units, you’ll create and execute negotiation strategies for various vendor engagements, whether competitively sourced, directly sourced, or single sourced.
• Serve as a Trusted Advisor: You’ll be the expert advisor to business units on all aspects of vendor relationships, from planning and due diligence to contract terms, vendor selection, SLA/performance monitoring, and termination.
• Create Vendor Category Strategies: Utilize spend analytics and market/vendor research to develop strategies that optimize our vendor portfolio, reduce spend, and support BECU’s strategic initiatives.
• Support VMO Peers: Assist in the vendor risk assessment and contracting process, ensuring all engagements align with our risk management policies.
  This isn’t just about ticking off tasks on a list. It’s about making a significant, positive change in BECU’s journey, where your contributions are valued, and your growth is continually fostered.