TIAA Senior Sourcing Manager in Iselin, New Jersey
Senior Sourcing Manager
The Senior Sourcing Manager will be responsible for managing the end to end sourcing process within our Global Supplier Services (GSS) department. GSS encompasses Sourcing, Purchasing and our Enterprise Vendor Management Program (EVPO) teams. The Senior Sourcing Manager will build relationships with key business partners and suppliers while developing, leading and executing the sourcing strategy for the assigned categories. This role works under limited supervision to minimize contract/supplier risk, analyze data, and maximize savings in support of the business and strategy.
Key Responsibilities and Duties
Main area of responsibility is supporting TIAA’s CS&T (Client Services & Technology) organization which primarily consists of categories consisting of software (SaaS, on-prem), hardware (infrastructure, storage, network, etc), and professional services categories.
Leads negotiations of supplier contracts (many on supplier paper), sourcing and procurement for a variety of company departments to ensure consistency as well as satisfaction and success.
Facilitates and drives collaborative and strong relationships with peers in Global Supplier Services as well as suppliers, business partners and control partners (risk, legal, info security, etc.) across the Enterprise.
Prepares contracts and other related documents using competitive sourcing, benchmarking, and category strategies to deliver continuous cost performance and process improvement.
Analyzes price proposals, financial reports, and other data and information to determine optimal pricing and minimize supplier risk.
Develops, owns and leads category strategy aligning to the business priorities.
Conducts research on suppliers to ensure that the organization and industry standards of price, quality, timing, and reliability of supply are met.
Partners with internal clients and stakeholders to proactively identify needs of business partners.
- University (Degree) Preferred
- 5+ Years Required; 7+ Years Preferred
- Physical Requirements: Sedentary Work
- 5+ years’ experience in strategic sourcing,procurement or purchasing
7+ years’ experience in strategic sourcing,procurement or purchasing
Experience in strategic sourcing in the financial services industry
Advanced level Sourcing, Procurement, and Category Management
Knowledge of the financial services and/or Insurance industry, or industry with regulated environment
Prior experience supporting an Information Technology (IT) organization with a focus on sourcing technology and professional services.
Strong skills in relationship building, negotiation, communication, coupled with diplomacy and an executive presence
Experience in managing multiple projects and priorities in a dynamic, fast paced environment
Strong communication and presentation skills
Excellent knowledge of RFP process and supplier selection best practices
Strong negotiation skills
Extensive experience in contract management including working on SaaS, MSA, Statements of Work, Order Forms.
University degree, MBA or JD degree
Base Pay Range: $93,000/yr. - $155,000/yr.
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. We offer a wide range of financial solutions, including investing, banking, advice and education, and retirement services.
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
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TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.