Senior Sourcing Manager - IT

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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

As a dedicated IT Senior Sourcing Manager, you will work directly with the Chief Information Office (CIO) in fulfillment of their software, hardware, and professional services needs. You will also lead a team of IT Sourcing Leads to deliver Cloud solutions, mainframe and distributed infrastructure, and professional services to support the group.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

1. Conducts all phases in the development of complex and strategic acquisitions of third-party/affiliate solutions to include consulting on statements of work, creating requests for proposals, identification of qualified suppliers, proposal evaluations and negotiation of pricing, services, and contract terms.

2. Applies advanced knowledge in the design of complex and strategic sourcing plans and solutions to achieve client's strategy through deployment of third-party solutions.

3. Interprets the provisions and terms of all contract risks with a focus on complex and significant risk contracts that can hinder the Enterprise's ability to execute on the mission, damage reputation, and/ or impair financial stability of the Enterprise such that capital strength or liquidity is impacted.

4. Collaborates with Legal and other subject matter experts as needed to interpret and ensure accuracy of contracts and resolve escalated issues.

5. Provides client consultation, on highly complex and critical actions, evaluates client requirements, dependencies and advises in the development of contract specifications to achieve pre-established savings, quality, and risk/cost avoidance targets.

6. Influences business leaders on third-party utilization to achieve overall operational and strategic objectives.

7. Engage internal stakeholders and suppliers to bring greater value, better performance and favorable terms with suppliers delivering IT solutions.

8. Leads team and guides fellow sourcing and procurement staff to ensure goals are achieved.

9. Utilizes significant background experience in Procurement Strategy and planning to develop complex sourcing strategies.

10. Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in concert with internal experts.

QUALIFICATIONS

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Bachelor's degree or equivalent experience

2. 8 years of experience in procurement strategy, to include planning, sourcing, and/or solutioning, to include 4 years of experience negotiating and authoring IT contracts, terms and conditions, and pricing.

3. Ability to:

4. Create successful procurement engagements focused on delivering business value.

5. Lead strategic sourcing methods and drive process efficiency.

6. Communicate to all levels of the organization.

7. Apply strategic sourcing principles to IT procurement.

8. Lead cross-functional teams or projects.

Preferred Qualifications:

1. Experience in the procurement of IT software, hardware, and professional services categories.

2. Advanced skills with industry standard analytics platforms/ERP (Workday, PowerBI, Excel, etc.).

3. Experience leading RFP process (helping generate requirements with the business, evaluation criteria, evaluation of proposals, negotiation, and award).

4. Advanced degree in Business, Supply Chain Management and/or Technology.

General Description of Available Benefits for Eligible Employees of TIH:

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of TIH Insurance Holdings, LP (TIH) offering the position. TIH offers medical, dental, vision, life insurance, disability, accidental death and dismemberment and tax-preferred savings accounts, along with other voluntary benefits. All regularly scheduled teammates (not temporary or contingent workers), regardless of the number of scheduled hours, can contribute to a 401(k) savings plan and you become eligible for Company matching contributions after one year of service and attainment of age 21. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on TIH's generous benefit plans, please visit our Benefits site (~~~/)

. Depending on the position and division, this job may also be eligible to participate in a deferred compensation plan. As you advance through the hiring process, you will learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

This position is part of TIH.

Truist Financial Corporation has completed the sale of Truist Insurance Holdings (TIH). As a result, TIH is a separate company from Truist Bank as of May 6, 2024. Refer to the news release (~~~)

for details.

TIH Insurance Holdings, LP (TIH) supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. TIH is a Drug Free Workplace.

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