Job Details
Description:Responsible for the development and 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 effect change and drive change management for 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 insightsPreparation, issuance and management of a RFP's/ RFIsBuild and maintain relationships with lines of business, team members, management, key stakeholders and external contacts (e.g., vendors, etc.)Identify and work collaboratively with the client and other stakeholder groups (Operations, PVM, EPMO, OGC, Information Security, etc.) to achieve objectives and ensure alignment with Navy Federal's strategy and business operationsDrive partner satisfaction by learning and understanding partner needs, being responsive to issues, integrating partners into procurement/sourcing processes and building relationships with key stakeholdersCollaboratively work with cross functional teams to develop business unit requirements and Statement of WorksManage a competitive RFP process that is standardized with consistent language, evaluation criteriaParticipates in collaborative handoffs with PVM staff to ensure effectively negotiated contracts that meet desirable financial terms and conditionsAdminister Non-disclosure agreements, Risk Assessments and the supplier due diligence process in collaboration with P&VM Risk teamSupport P&VM contracts teams in negotiating MSAs and other agreementsSupport periodic performance review meetings with vendorsProvide regular feedback on supplier performanceAnalyze business unit requirements for leveraging opportunities, supplier recommendations, acquisition planningConsult with business unit partners to provide sourcing strategy advice to maximize favorable results and support client strategy and goalsLead source selection activities of pre-qualified vendors, including conducting market analysis to determine potential sourcesObtain and analyze vendor performance and delivery data for to ensure quality, consistency, and fairness to inform sourcing activitiesMaintain vendor related documentation, including source selection records, supplier performance information, compliance metrics, and value capture resultsAbility to develop the overall strategy for a product category and researches new product options in the category to drive TCO savings and achieve targetsProvide Category insight by analyzing market data and monitoring relevant market conditionsPerform other related duties as assigned or appropriate Qualifications and Education Requirements:Bachelor's Degree in Business Administration or a related field, or the equivalent combination of education, training, and experienceSignificant experience in preparing and reviewing RFPs, RFIs, SOWsSignificant experience in strategic sourcing, category management, subcontracts management or procurementSignificant experience in managing a formalized process of selecting, monitoring and evaluating vendors/vendor contractsAdvanced skill translating business goals and objectives into IT capabilitiesSignificant experience developing, negotiating, and managing service level agreementsAdvanced skill exercising initiative and using good judgment to make sound decisionsAdvanced skill resolving conflicting requests and meeting changing requirements managing multiple priorities independently and/or in a team environment to achieve goalsAdvanced skill communicating complex processes to senior leadership, strong presentations skillsAdvanced skill relationship building, negotiation and facilitation skillsStrong Data Analytics and data manipulation skillsSignificant experience with change management and organizational transformationWorking knowledge of procedures or strategic sourcing experience in financial services5+ years procurement experience