Job Family
Procurement
About Us
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
Who We Are
We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.
We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.
What We Do
Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.
Job Description Summary
Our Procurement Team has an exciting opening for a Lead Strategic Procurement Advisor role in our Finance/Financial Assets/Market Data group. In this role you will lead procurement strategy development, supplier selection, negotiation and contracting, and relationship management for your assigned areas. Additionally, this role will be responsible for managing the contracting process for Market Data services. This lead role will also have opportunities to mentor others on procurement best practices and strategies.
Job Description
Responsibilities:
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Performs a full range of contracting duties and responsibilities, which include redlining, negotiation and award, gathering subject matter expert feedback, contract modification, resolution of performance problems and complex payment issues, and contract termination.
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Responsible for negotiating legal and commercial terms.
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Creates and administers supplier request for proposals (RFPs).
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Recommends and implements category procurement and commodity sourcing strategies to achieve strategic plans for market data.
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Leads cross functional teams to develop and execute local or global strategies covering categories and commodities across a broad customer base.
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Performs market research and analysis to understand and document competitive supplier landscape, service capabilities, and opportunities.
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Serves as a trusted adviser to the business unit in all acquisition related matters, from pre-award strategic planning to contract close out actions.
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Collaborates with internal teams, including the business unit, legal, privacy, and information security to align procurement strategies with business goals and project requirements, and ensure sourced materials meet all required specifications and company guidelines.
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Fosters strong relationships with key suppliers to enhance collaboration, communication, and partnership.
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Executes governance with suppliers; drive a two-way exchange of information related to strategies, priorities, requirements, and disputes.
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Monitors supplier performance and facilitates communication between stakeholders to ensure business expectations are met.
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Drives supplier behavior and delivers continuous improvement in vendor performance.
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Champions and executes supplier management best practices to maximize the value of supplier relationships.
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Makes continuous improvement recommendations to relevant processes, procedures, policies and systems.
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May mentor others.
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Other duties as assigned.
Qualifications:
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Bachelor’s degree in business administration, operations management, Finance, or other directly applicable field or equivalent education/experience.
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At least 7 years of experience in category procurement, strategic sourcing, supplier management and contract management.
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Must work independently to manage a pipeline and to deadlines. Must be able to manage vendor and business stakeholder relationships in order to support contract negotiations.
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Experience with the supplier identification, selection and negotiation process.
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Knowledge of supplier management best practices and industry trends.
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Exceptional written, interpersonal and verbal communication skills requiring a balance of assertiveness, tact and diplomacy
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Ability to work with teams across geographically dispersed locations
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Ability to effectively manage ambiguous situations and drive towards clarification
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Demonstrated ability to influence others and drive change
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Proven analytical and problem-solving skills, with keen attention to detail
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Ability to succeed under pressure, set priorities, and meet deadlines in a rapid-paced environment
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Self-motivated with a positive attitude
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Strong business acumen and demonstrated ability to put strategic plans into operation
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Proven ability to manage multiple projects and support activities within a single job function.
Preferred Qualifications:
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Category Management experience with Market Data Subscription vendors (e.g. Bloomberg, Moody’s, Morningstar, S&P, Refinitiv, Murex, ICAP, etc.)
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Certified Sourcing Professional (CSP), Certified Outsourcing Professional (COP), or similar industry certification
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Global perspective and experience working with diverse customers and suppliers.
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Experience in a shared services environment.
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Experience in the financial services industry.
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Experience managing suppliers with global product/service provisioning models.
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Experience across multi-functional business processes.
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Experience working with various electronic procurement tools.
Working Conditions:
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Commuting Remote employees will need to report to a Company office location at times, but will perform their work primarily remotely.
**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**
The Salary for this position generally ranges between $91,000 - $115,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at Company discretion.
This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.
Worried about not having every single qualification listed? It’s okay. If it’s a role you’re interested in, we encourage you to apply. Employees who enjoy their jobs are one of our favorite things.
What We Offer
For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits
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Competitive Pay
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Bonus for Eligible Employees
Benefits Package
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Pension Plan
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401k Match
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Employee Stock Purchase Plan
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Tuition Reimbursement
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Disability Insurance
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Medical Insurance
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Dental Insurance
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Vision Insurance
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Employee Discounts
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Career Training & Development Opportunities
Health and Work/Life Balance Benefits
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Paid Time Off starting at 160 hours annually for employees in their first year of service.
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Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
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Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
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Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
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Adoption Assistance
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Employee Assistance Program
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College Coach Program
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Back-Up Care Program
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PTO for Volunteer Hours
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Employee Matching Gifts Program
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Employee Resource Groups
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Inclusion and Diversity Programs
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Employee Recognition Program
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Referral Bonus Programs
Inclusion & Diversity
We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.
To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.
Giving Back
We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
Transamerica’s Parent Company
Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
* As of December 31, 2023
What We Do
Life is about more than just money. That’s why Transamerica is committed to helping people make the wealth and health connection—it’s a whole new way of looking at everything that can affect your finances and how the little steps we take today can have a big impact tomorrow. We know that helping people achieve financial security today goes beyond that. For that reason, we will share academic, industry, and independent research so we can all work towards living better, longer. Be Well. Build Wealth.
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