Procurement Lead - Remote

Join the People Helping People

PSCU/Co-op Solutions is now Velera! PSCU and Co-op Solutions became a single entity on January 2, 2024, and our new company name was announced on May 7, 2024. Our new brand represents our combined company’s shared mission and unique ability to drive velocity and positive momentum for credit union success in a new era of financial services.

The Opportunity:

We are seeking a talented Procurement Lead. The Procurement Lead is responsible for performing primarily indirect strategic sourcing and negotiation activities for vendor spend that spans multiple categories and/or lines of business under the direction of the Procurement Manager. The Procurement Lead builds strong relationships with internal and external partners to execute against enterprise-wide sourcing strategies that deliver value and create measurable, meaningful impact on the company’s success. To be successful in this role you must think strategically, demonstrate exceptional contracting, negotiation, and communication skills, and have a high level of customer focus and business judgement. The ideal candidate for this role has a history of delivering results, has strong analytical skills, is proactive, and can influence stakeholders, earning the role as trusted advisor.

Day In the Life:

• Contribute to the development and execution of category strategies to achieve functional and organizational objectives.
• Focus on sales, product, and technology departments.
• Build a strong understanding of strategic business direction, requirements, and priorities for suppliers and spend categories across lines of business. Earn trust as a business advisor to internal stakeholders.
• Lead the negotiation of enterprise agreements in collaboration with business stakeholders, external suppliers, and internal teams including Legal, Risk Management, Information Security, and IT.
• Responsible for analyzing and leading procurement requests, crafting sourcing and negotiation strategies, and creating cost estimates and forecasts, while simultaneously negotiating equitable and cost-effective vendor contracts.
• Responsible for improving data, reporting, processes, and communication, both within the team and with other departments, to solve operational problems and create efficiencies.
• Perform deep dive analysis on contract and spend information to identify potential savings opportunities.
• Prepare Executive Summaries of agreements which include business context, key terms, benefits, cost analysis, risks, and mitigations
• Dig deep into contract details, collaborate with internal teams to understand business requirements, analyze contractual terms, formulate strategy, and execute contract negotiations to achieve best possible outcomes while maintaining successful business relationships.
• Identify potential risks and liabilities in contracts as they relate to policies and business objectives, and proactively develop solutions on contractual terms in collaboration with Legal, Risk, Privacy, Information Security, and business stakeholders.
• Maintain deadlines on deliverables and communicate on an ongoing basis with all appropriate parties about any issues encountered in the vendor process.
• Establish a strong network and foster collaboration with customers, suppliers, key stakeholders, and team members.
• Exercise discretion and independent judgement in making decisions and interact effectively and positively with all levels of management, staff, and vendors.

Qualifications:

• Bachelor’s degree in business management, supply chain, information technology or a related field, or an equivalent combination of experience, skills, training, and education.
• 7+ years’ experience in sourcing, procurement, vendor management, contract management, and/or related field delivering similar job outcomes, with at least 3-4+ years’ experience specific to Procurement or related negotiation experience.
• Other functional experience, particularly in IT, business strategy, business analysis, the credit union industry or finance is an advantage.
• Experience writing and generating RFPs, RFIs and RFQs to suppliers.
• Experience redlining and negotiating multiple agreement types, including Master Agreements, SOW’s, Addenda, Change Orders, Sales Orders, and Technology agreements (SaaS, End User License, Subscription, Cloud Services, Managed Services, Support Agreements, etc.).
• Advanced Microsoft Excel skills.
• Experience with data analytical/reporting tools preferred.

About Velera

At Velera we are committed to fostering a workplace where every employee feels valued, respected, and connected. We understand, attract and engage a diverse workforce where every employee can live up to their full potential; ensuring that our employee base reflects the consumers we serve. The result of this effort is an inclusive environment where diverse talent thrives. We strive to foster a safe and inclusive work environment for people to bring their authentic selves in order to build a better community within our company and with our partners. Learn more about our commitment to Diversity, Equity, and Inclusion HERE!

Pay Equity

$84,900.00

to

$108,200.00

Actual Pay will be adjusted based on experience and other job-related factors permitted by law.

Great Work/Life Benefits!

• Competitive wages

• Medical with telemedicine

• Dental and Vision

• Basic and Optional Life Insurance

• Paid Time Off (PTO)

• Maternity, Parental, Family Care

• Community Volunteer Time Off

• 12 Paid Holidays

• Company Paid Disability Insurance

• 401k (with employer match)

• Health Savings Accounts (HSA) with company provided contributions

• Flexible Spending Accounts (FSA)

• Supplemental Insurance

• Mental Health and Well-being: Employee Assistance Program (EAP)

• Tuition Reimbursement

• Wellness program

• Benefits are subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions

Velera is an Equal Opportunity Employer. We consider applicants without regard to race, color, religion, age, national origin, ancestry, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, disability, genetic information, citizenship status, or membership in any other group protected by federal, state or local law.

Velera is an Equal Opportunity Employer that complies with the laws and regulations set forth in the following "EEO is the Law" Poster and the "EEO is the Law" Poster Supplement. Velera will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the legal duty to furnish information.

Velera is an E-Verify Employer. Review the E-Verify Poster here (English and Spanish). For information regarding your Right To Work, please click here (English and Spanish poster).

As an ongoing commitment to reasonably accommodate individuals with disabilities please contact a recruiter at [email protected] for assistance.