A recognized insurance company in New Jersey is currently seeking an experienced professional to join their Procurement and Supplier Management team as a Senior Strategic Sourcing Specialist.
***This is a Hybrid opportunity requiring the qualified professional to work onsite at least 2 days a week.***
Responsibilities:
- Serve as a subject matter expert in IT Professional Services, including application development, testing, production support, automation, robotics, and process improvement.
- Lead negotiations and contracting efforts for IT services, ensuring alignment with business goals and maximizing ROI.
- Review, draft, and manage complex technology and service contracts
- Analyze procurement data—cost analysis, benchmarking, spend data, and competitive bids—to inform strategic decisions
- Lead supplier selection using RFx tools, managing the full sourcing lifecycle and timeline
- Develop and manage supplier relationships through best practices in onboarding, performance reviews, and renewals
- Partner with internal stakeholders to align procurement initiatives with organizational objectives
- Create and implement annual sourcing and cost management plans in collaboration with sourcing leadership
- Provide oversight for enterprise-wide sourcing projects, from initiation through execution
- Support the Sourcing Manager and Director with strategic initiatives and special projects
Qualifications:
- 8 years of experience in Strategic Sourcing, Procurement, or Supplier Management
- Bachelor’s Degree
- Experience in RFP Development, Supplier Selection, and Contract Negotiation
- Possess deep knowledge of the IT Professional Services vendor landscape, including onshore, nearshore, and offshore providers
- Proficiency in Microsoft Office
- Strong customer-focused consulting skills
- Advanced negotiation and stakeholder engagement skills
- Strong analytical and project management skills
- Excellent oral, written, and interpersonal communication skills
- Highly detail-oriented and self-motivated
Desired Skills:
- Certified Purchasing Supply Manager (CPSM) and/or Project Management Professional (PMP) certification
- Experience with eProcurement systems (e.g., Workday, Icertis, Cognos).
- Familiarity with procurement in Healthcare, Legal, Finance, and Technology sector
