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Senior Strategic Sourcing Specialist

Company: Pacific Life
Location: Newport Beach
Posted on: May 16, 2020

Job Description:

Pacific Life is looking to invest in bright new talent to ensure we continue to provide excellent value and strengthen relationships with our policyholders. It s in this spirit that we are currently looking to add a talented Senior Strategic Sourcing Specialist to our team in beautiful Newport Beach, CA.

As Senior Strategic Sourcing Specialist, you will play a key role in Pacific Life s operations by supporting execution of key strategic sourcing initiatives set forth by sourcing managers within the Procurement Function. You ll be responsible for supporting execution of spend and supply/market analysis, strategy development, execution of RFx activities, vendor evaluation/selection, negotiation of terms and conditions and bid award activities.

If you re an expert in strategy and sourcing who s a self-starter who s comfortable with ambiguity, able to think big without overlooking minute details, and who thrives in a fast-paced, collaborative environment, you re perfect for our team.

What You ll Do

* Strategy/Sourcing Create sourcing strategies for software and related categories to reduce risk and meet targets for the internal customer, Business and Procurement Department

* Stakeholder Management Develop and maintain key internal stakeholder relationships to create a collaborative planning environment. Communicate, manage, and drive compliance to category strategies among internal stakeholders. Provide solutions to a wide range of difficult problems

* Analysis Responsible for advanced quantitative analysis to identify financial impacts of decisions and performance for category managed. Perform business process analysis and develop models to improve cost. Collaborate with stakeholders to define SLAu0027s and KPIu0027s for suppliers and measure the appropriate criteria, such as: delivery of business results, cost reduction, quality and timeliness of delivery. Conduct research, perform benchmarking, and gather market analysis for assigned categories

* Contract Negotiations Utilize negotiations to maximize value and cost savings benefit while lowering risk

* Supplier Management Establish preferred suppliers for assigned category. Identify service areas of need within Pacific Life and develop relationships with new suppliers to meet those service needs. Maintain supplier base as needed to allow for proper implementation of bidding procedures and RFPs. Create and implement related management programs to develop, continuously improve, manage the performance of, and monitor KPIs of the supply base

* Tactical Purchasing Issue purchase orders and resolve blocked invoices related to assigned category. Performs assignments independently with instruction limited to results expected

* Project Management Responsible for identifying and executing cost reduction projects including planning, coordinating with stakeholders, estimating completion, and project updates

* Efficiency Develop and lead efforts to reduce number of transactions for assigned category

* Contract Management Responsible for negotiating contract documents in collaboration with the Legal Department. Management of contracts ensuring performance of the supplier to contract obligations. Understand interrelationships between contracts and terms while applying creativity and sound business reasoning to interpret application of contract to business needs.

Tech & Tools You ll Use

ERP (Peoplesoft) and Coupa, Microsoft Excel, various programming languages

Factors for Success

* Bachelor s required, MBA or advanced degree is a plus

* Knowledge of and proficiency in ERP (Peoplesoft) and Procurement systems highly preferred

* Advanced Excel knowledge and/or programming experience

* IT asset management (ITAM) experience strongly desired

* Experience with execution of RFx activities

* 3+ years of experience with software licensing, software contracts, and negotiations

* Remarkable analytical, problem-solving and organizational skills

* Strong interpersonal and influencing skills, ability to build strong partnerships, work and communicate with all levels of leadership

* Demonstrated success with managing a project/program to completion

* Excellent customer service skills, effective written, verbal, and presentation communication skills

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.

Keywords: Pacific Life, Newport Beach , Senior Strategic Sourcing Specialist, Other , Newport Beach, California

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