Senior Sourcing Specialist
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Portland, ME 04104
Job Posting End Date: 11/22
Unum is a company of people serving people. As one of the world’s leading employee benefits providers and a Fortune 500 company, Unum’s financial protection benefits help protect more than 36 million working people and their families from the financial impact of illness or injury. Unum’s three distinct, but similarly focused US businesses – Unum US, Colonial Life, and Starmount Life – are each a market leader in making disability, life, accident, critical illness, dental, and vision insurance accessible in the workplace.
Headquartered in Chattanooga, Tennessee, Unum has significant US operations in Portland, Maine, Worcester, Massachusetts, and Glendale, California with over 35 field offices nationwide. Colonial Life is headquartered in Columbia, South Carolina with over 40 field offices nationwide. Starmount Life is based in Baton Rouge, Louisiana, and is the dental and vision center of excellence for Unum in the US.
General Summary:The Sr Sourcing Specialist is part of Unum’s global supply management organization and is responsible for leading the sourcing and execution of projects, contracting, and supplier relationship management across the enterprise utilizing project management skills to drive results and manage deadlines. These responsibilities include work in partnership to manage cost, quality, and delivery performance of Unum’s Supply Base. Key activities include management of cost reduction projects, assisting with strategic sourcing activities for new and existing programs, supplier contract negotiations and administration, supplier performance management, and developing and driving customized supplier and sourcing strategies.
Principal Duties and Responsibilities
+ Leads and participates on high energy, cross-functional teams responsible for developing, implementing, and executing of sourcing strategies specific to defined category in order to reduce cost and mitigate risk
+ Manages and conducts RFX events related to low and medium complexity enterprise-wide sourcing projects (e.g., preparing bid analysis, process specifications, tests, reports, and other exhibits for critical and complex requirements, presenting sourcing recommendations, managing timeline related to bid/proposal – meetings, amendments, and notifications)
+ Ensures proper control & consistent application of best practices for the enterprise through the use of sourcing and procurement processes
+ Develops negotiation strategies, gains alignment from business stakeholders, leads cross-functional, category-based negotiation teams using BATNA and other methodologies, and implements appropriate supplier risk analyses
+ Conducts complex analyses, including price/cost analysis, benefit analysis, and financial analysis. Has excellent understanding of requirements for contract development and evaluation
+ Works closely with key business owners, and subject matter experts throughout the organization to ensure that new requirements are sourced in a timely manner
+ Assists in analysis and interpretation of various procedures and guidelines as it relates to sourcing of goods and/or services
+ Supports and improves supply base development programs (e.g., supplier diversity, local economic development, green sustainability programs)
+ Assist and consult with the business partners to create Service Level Agreements to effectively measure and manage supplier performance
+ Manages, coordinates, and tracks ongoing supplier relationship and performance by building supplier scorecards and conducting regular supplier feedback cycles to maintain or improve performance as appropriate
+ Ensure that the decision-making process is supported by technical and functional knowledge of the category and leading-edge analytical methods which encompass people, systems, and financial measures
+ Collaborate with legal to ensure contracts follow the contract review and approval process per company policy
+ Analyze supplier contracts and recommend appropriate changes
+ Perform prospective supplier assessments including financial stability and customer reference checks
+ Bachelor’s Degree in Business, Supply Chain Management (or equivalent work experience) and at least 5-8 years of Procurement, Category Management, Supplier Management or Sourcing.
+ Project Management experience considered a plus
+ Relationship and communication skills with ability to collaborate with and influence internal and external partners across all levels and geographic markets; proven ability to initiate and maintain stakeholder engagement; ability to develop a deep and thorough understanding of business category goals and objectives as they relate holistically to the enterprise
+ Strong negotiation, contracting, communication (verbal & written), influence and leadership skills.
+ Strategic thinking and planning skills, balanced with proven track record of delivering tangible results in complex and matrix work environment
+ Strong initiative with ability to set stretch goals and define steps to achieve results
+ Proven skills to develop and implement sourcing and negotiation strategies.
+ Demonstrated negotiation, presentation, and decision-making skills
+ Ability to perform financial analysis (i.e., supplier capital projects, ROI, NPV, financial status, make vs. buy, lease vs. buy, etc.)
+ Advanced PC skills required (Excel, Power Point, Word, etc.)
Unum and its family of businesses offer world-class training and development, generous compensation and benefits packages, and a culture built on employee ideas.
Unum is an equal opportunity employer, considering all qualified applicants and employees for hiring, placement, and advancement, without regard to a person’s race, color, religion, national origin, age, genetic information, military status, gender, sexual orientation, gender identity or expression, disability, or protected veteran status.
A Fortune 500 company, Unum’s family of 10,000 employees spans three countries and dozens of office locations. Our employees focus each day on delivering financial protection benefits to millions of workers and their families when they need it most.
The Unum enterprise includes Unum in the U.S. and U.K., Colonial Life and Starmount Life Insurance – each a market leader in making disability, life, accident, critical illness, dental and vision insurance accessible in the workplace.