Strategic Sourcing Manager Sr.

It's an exciting time to join the WellSense Health Plan, a growing regional health insurance company with a 25-year history of providing health insurance that works for our members, no matter their circumstances.

Job Summary:

The Strategic Sourcing Manager Sr. is responsible for the delivery of best in class strategic sourcing, contract management and negotiation. Develop category strategies for complex, indirect spend categories in area(s) of responsibility and serve as the primary contact for business customers. Drive effective, fact-based group decisions that have significant operational or financial impact. Build and manage relationships with internal customers, contribute to savings opportunities, ensure regulatory compliance, and mitigate company risk. The ideal candidate will be a self-starter, and thrive in rapidly changing, delivery-focused environments.

Our Investment in You:

* Full-time remote work

* Competitive salaries

* Excellent benefits

Key Functions/Responsibilities:

• Develop sustainable strategies for complex categories that include spend analysis, market and geographic considerations, and strategic importance, etc.
• Identify and qualify large-scale / executive level suppliers to perform critical services, develop relevant specifications and Statement of Work/Services language, conduct supplier sourcing events, manage supplier on-boarding and off-boarding and manage supplier performance and development.
• Responsible for large-scale third party relationships with direct responsibility for commercial, contractual, legal and financial aspects including striving for most favorable total cost of ownership (price and service delivery/quality) from the supplier arrangements.
• Negotiate and manage complex contracts for assigned categories ensuring the relentless pursuit of cost savings and favorable terms.
• Develop focus area knowledge and expertise within the categories to further understand company-wide needs and evaluate suppliers within focus area.
• Apply in-depth knowledge to solve broad issues that are complex in scope, and establish medium to long- range plans.
• Recommend and implement sourcing, contracting and supplier management policies and procedures that provide for financial strength of the company and asset security.
• Drive continuous improvement in all aspects of the procurement process including the evaluation of existing contracts for savings opportunities.
• Lead favorable results through providing leadership to the function.
• Develop sustainable sourcing strategies for assigned spend categories by considering spend profiles, market and geographic considerations, WellSense's strategic objectives, etc.
• Maintain contracting and compliance data integrity within the contract management systems.
• Lead business owners through the supplier selection, procurement, and contracting process to ensure that contracts produce value in alignment with WellSense's objectives.
• Prepare and present contract executive summaries and obtain contract approvals in accordance to governance policies.
• Create, manage and promote sound relationships with strategic suppliers and internal business partners.
• Partner with Supplier Relationship Managers and Operations Managers as needed to resolve supplier issues.

Supervision Exercised:

• None

Supervision Received:

• General direction received weekly

Qualifications:

Education Required:

• Bachelor's degree required

Education Preferred:

• Master's degree in a related field preferred

Experience Required:

• The Strategic Sourcing Manager Senior would have a Bachelor's degree in business, supply chain management, or related field and 10 + years sourcing and contracting experience or related field. MBA or similar degree preferred.
• Healthcare related experience preferred
• Working knowledge of regulatory requirements in a healthcare environment (FDRs, CMS, NCQA, URAC, etc.) preferred
• Experience in CMS Medicare products, Medicaid, or both preferred

Required Licensure, Certification or Conditions of Employment:

• Successful completion of pre-employment background check

Competencies, Skills, and Attributes:

• Advanced leadership and change management skills
• Advanced, demonstrated ability to lead highly complex, multi-departmental sourcing events
• Advanced skillset in driving decisions and influencing stakeholders in multi-functional corporate areas
• Demonstrated mature approach to problem solving and conflict resolution
• In depth knowledge of sourcing and contract fundamentals.
• Demonstrated knowledge of indirect spend categories, contracting skills and principles, laws, regulations, and industry standards.
• Prior experience in all elements of sourcing and category management for indirect services, including professional services and business process outsourcing.
• Experience in the 7-step strategic sourcing process with emphasis in the areas of category strategy development, RFx sourcing processes and contract management.
• Prior experience in desired spend categories.
• Strong Project management skills with the ability to lead and prioritize activities.
• Proven negotiation skills and the ability to apply key sourcing principles.
• Effective communication and collaboration skills with a wide variety of stakeholders, including leadership and large groups.
• Excellent relationship management, problem resolution, and service excellence skills.
• Demonstrated competency in facilitating, leading and influencing decision-making.
• Excellent problem solving and risk management skills.
• Ability to accomplish results through others by establishing relationships, effective controls and monitoring processes.
• Ability to develop and analyze business cases, spend analytics, and financial models.
• Ability to translate data into convincing information.
• Strong working knowledge of Microsoft Office products.

Working Conditions and Physical Effort:

• Regular and reliable attendance is an essential function of the position.
• Work is normally performed in a remote work environment.
• No or very limited physical effort required. No or very limited exposure to physical risk.
• Limited travel may be required

About WellSense

WellSense Health Plan is a nonprofit health insurance company serving more than 740,000 members across Massachusetts and New Hampshire through Medicare, Individual and Family, and Medicaid plans. Founded in 1997, WellSense provides high-quality health plans and services that work for our members, no matter their circumstances. WellSense is committed to the diversity and inclusion of staff and their members.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. WellSense participates in the E-Verify program to electronically verify the employment eligibility of newly hired employees