Strategic Sourcing Manager I

Overview

Responsible for the execution of sourcing strategies that support Navy Federal Credit Union strategic vision and goals and to support efficient business operations. Individuals in this role will support change management efforts including new methodologies, solutions and approaches to sourcing and technology within Navy Federal Credit Union. Individuals in this role will generate high-quality work product and strategize vendor approach in a collaborative manner to support cost savings with beneficial contractual terms that effectively manage risk. The SSM leverages best in class practices and sound sourcing processes that drive reliable and innovative Total Cost of Ownership initiatives.

Responsibilities

• Collaborate with partners to align sourcing priorities, source selection, conduct market research, mitigate issues and add value through insights
• Assist higher level staff in the preparation, issuance and management of RFXs; assist with inquires and coordination efforts
• Build and maintain relationships with lines of business, team members, management, key stakeholders and external contacts (e.g., vendors, etc.)
• Collaborate with assigned clients and other stakeholder groups (Operations, PVM, EPMO, OGC, Information Security, etc.) to achieve objectives and ensure alignment with Navy Federal's strategy and business operations
• Drive partner satisfaction by learning and understanding partner needs, being responsive to issues, integrating partners into procurement/sourcing processes and building relationships with key stakeholders
• Ensure compliant RFP process is competitive and maintains consistent language, evaluation criteria, and incorporates with the SDLC process
• Participates in collaborative handoffs with PVM staff to ensure effectively negotiated contracts that meet desirable financial terms and conditions
• Assist with administering Non-disclosure agreements and conducting supplier due diligence activities in collaboration with P&VM Risk team
• Support higher level staff with analyzing business unit requirements for leveraging opportunities, supplier recommendations and acquisition planning
• Assist in source selection activities of pre-qualified vendors, including conducting market analysis to determine potential sources
• Obtain and analyze vendor performance and delivery data for to ensure quality, consistency, and fairness to inform sourcing activities
• Maintain vendor related documentation, including source selection records, supplier performance information, compliance metrics, and value capture results
• Assist in the development of product category strategy and research new product options in the category to drive TCO savings and achieve targets
• Perform market data analysis and monitor relevant market conditions for assigned categories
• Perform other related duties as assigned or appropriate

Qualifications

• Experience in preparing and reviewing RFPs, RFIs, SOWs
• Experience in strategic sourcing, category management, subcontracts management or procurement
• Experience in managing a formalized process of selecting, monitoring and evaluating vendors/vendor contracts
• Experience developing, negotiating, and managing service level agreements
• Experience with change management and organizational transformation
• Effective skill translating business goals and objectives into IT capabilities
• Effective skill exercising initiative and using good judgment to make sound decisions
• Effective skill resolving conflicting requests and meeting changing requirements managing multiple priorities independently and/or in a team environment to achieve goals
• Effective communicating complex processes to senior leadership, strong presentations skills
• Effective relationship building, negotiation and facilitation skills
• Strong Data Analytics and data manipulation skills
• Bachelor's Degree in Business Administration or a related field, or the equivalent combination of education, training, and experience

Desired Qualifications

• Working knowledge of Navy Federal products, services, programs, policies and procedures or strategic sourcing experience in Financial services
• Master's in Business Administration or 3-5 years supply chain management experience

Additional Information

Hours:

• Monday - Friday, 8:00AM - 4:30PM

Location:

• 820 Follin Lane, Vienna, VA 22180

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