Senior Strategic Sourcing Manager - Remote

Posted Yesterday
Be an Early Applicant
Hiring Remotely in Home, PA, USA
In-Office or Remote
81K-138K Annually
Senior level
Insurance
The Role
Lead sourcing strategies for mid-risk, mid-spend, complex vendor categories. Manage RFx/RFPs, vendor selection, negotiations, contract drafting/redlining, and supplier lifecycle. Partner cross-functionally to drive cost savings, performance, risk reduction, and sourcing system improvements. Mentor team members and support sourcing projects and policy initiatives.
Summary Generated by Built In

At Prime Therapeutics (Prime), we are a different kind of PBM, with a purpose beyond profits and a unique ability to connect care for those we serve. Looking for a purpose-driven career? Come build the future of pharmacy with us.

Job Posting Title

Senior Strategic Sourcing Manager - RemoteJob Description

The Senior Strategic Sourcing Manager is responsible for developing and leading sourcing strategies for mid-level risk, spend and complex vendor categories. This includes developing vendor strategies, designing and administering RFx(s), leading vendor negotiations, leading contract drafting and redlining, and other sourcing management functions. The Strategic Sourcing Manager will independently develop and drive cross-functional vendor lifecycle management and sourcing initiatives.

Responsibilities

  • Lead the sourcing needs and procurement activities for mid-level risk, mid-level spend, and mid-level complex vendor categories, including option/cost analysis, contract drafting and redlining, and negotiations in alignment to company sourcing processes, standards, and documentation
  • Lead and conduct all activities relating to evaluating, selecting, negotiating, and implementing preferred supplier agreements
  • Lead the negotiation strategy development, spend management, and action planning for assigned sourcing categories; ensure that vendor contracts, contract renewals, amendments, terminations, and related projects are completed on a timely basis and at maximum value
  • Partner with internal stakeholders and leaders on implementing the sourcing strategies approved by leadership, with a goal of maximizing value (cost savings, cost avoidance, partner performance, quality, risk reduction)
  • Participate in department projects and initiatives including, but not limited to, Sourcing and Finance policy management, process improvement, contract audits, contracting project management reporting, and competitive sourcing events and Request For Proposal (RFP) responses
  • Mentor other sourcing teammates and lead the team in the Director's absence.
  • Responsible for data integrity, usability, and insights into the procurement and contract management systems. Assist and lead financial and options analysis. Assist Sourcing Managers and Director to develop and execute implementation of Sourcing systems roadmap and continuous improvement plans.
  • Build and maintain strong relationships with stakeholders and vendors. Communicate effectively to keep business partners informed of progress and status on sourcing projects and initiatives.
  • Other duties as assigned

Minimum Qualifications

  • Bachelor's degree in accounting, finance or related area of study, or equivalent combination of education and/or work experience
  • 5 years of work experience in procurement, buying, supply chain, or strategic sourcing with 2 years of experience with sourcing and contract lifecycle management technology
  • Must be eligible to work in the United States without need for work visa or residency sponsorship

Additional Qualifications

  • Strong communication skills, ability to communicate effectively verbally and in writing
  • Ability to work effectively in a matrix environment, collaborate, and manage multiple tasks and priorities.
  • Proficient in use of Microsoft Office suite (Excel, Word and PowerPoint)

Preferred Qualifications

  • Experience with ERP financial systems, sourcing tools, contract lifecycle management systems, and/or other related systems
  • PBM/health care experience
  • Experience sourcing one or more of the following categories: technology, real estate & facilities, marketing, human resources, clinical, customer service, or PBM operations
  • Prior project management experience

Every employee must understand, comply with and attest to the security responsibilities and security controls unique to their job, and comply with all applicable legal, regulatory, and contractual requirements and internal policies and procedures

Every employee must be able to perform the essential functions of the job and, if requested, reasonable accommodations will be made to enable employees with disabilities to perform the essential functions, absent undue hardship. In addition, Prime retains the right to change or assign other duties to this job.

Potential pay for this position ranges from $81,000.00 - $138,000.00 based on experience and skills.

To review our Benefits, Incentives and Additional Compensation, visit our Benefits Page and click on the "Benefits at a glance" button for more detail (https://www.primetherapeutics.com/benefits).

Prime Therapeutics LLC is proud to be an equal opportunity and affirmative action employer. We encourage diverse candidates to apply, and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sex (including pregnancy), national origin, disability, age, veteran status, or any other legally protected class under federal, state, or local law.

We welcome people of different backgrounds, experiences, abilities, and perspectives including qualified applicants with arrest and conviction records and any qualified applicants requiring reasonable accommodations in accordance with the law.

Prime Therapeutics LLC is a Tobacco-Free Workplace employer.

Positions will be posted for a minimum of five consecutive workdays.

Skills Required

  • Bachelor's degree in accounting, finance or related field or equivalent combination of education and/or work experience
  • 5 years of work experience in procurement, buying, supply chain, or strategic sourcing with 2 years of experience with sourcing and contract lifecycle management technology
  • Eligible to work in the United States without need for work visa or residency sponsorship
  • Strong communication skills, verbal and written
  • Ability to work effectively in a matrix environment and manage multiple tasks and priorities
  • Proficient in Microsoft Office suite (Excel, Word, PowerPoint)
  • Experience with ERP financial systems, sourcing tools, contract lifecycle management systems, or related systems
  • PBM or healthcare industry experience
  • Experience sourcing categories such as technology, real estate & facilities, marketing, HR, clinical, customer service, or PBM operations
  • Prior project management experience

Prime Therapeutics Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Prime Therapeutics and has not been reviewed or approved by Prime Therapeutics.

  • Healthcare Strength Health coverage is described as comprehensive, with medical, dental, and vision options and plan designs that include low deductibles for some choices. Wellness screenings and related incentives add perceived value to the health offering.
  • Retirement Support Retirement benefits stand out through a 401(k) match that is characterized as generous and immediately vested. This structure improves the overall long-term value of the total rewards package.
  • Strong & Reliable Incentives Annual incentive bonuses are positioned as a meaningful component of total compensation and are often portrayed as substantial when performance goals are met. Incentive eligibility appears broadly available across roles, boosting the perceived completeness of rewards.

Prime Therapeutics Insights

Am I A Good Fit?
beta
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
HQ: Eagan, MN
3,577 Employees
Year Founded: 1987

What We Do

Everything we do is connected to helping people get the medicine they need to feel better and live well. It’s meaningful work and we’ve been doing it for over 20 years. In the pharmacy benefit management (PBM)industry, we’re different. We’re owned by 18 not-for-profit Blue Cross and Blue Shield health plans. This allows us to control costs and empower our employees to put members first. It’s a successful combination. We have the lowest pharmacy trend in the industry and serve 28+ million members throughout the US. In addition to core PBM services, we work closely with our clients to implement the right benefit design, clinical and specialty programs, formulary and networks. A few key products: • NetResults™ • Specialty Drug Management • Best in Care™ • GuidedHealth® • Advanced Fraud, Waste and Abuse: Member and Prescriber Investigations • Prime Analytics™ • CareCentered Contracting™Controlled Substance Management Program Join us! Prime is always looking for smart, purposeful people to join our team. We’re growing fast which means there are plenty of opportunities to advance and grow in your career. At the same time, Prime supports flexibility and offers generous PTO so you can enjoy an enviable work/life balance. We’re a privately held company -big enough to make a difference and small enough for you to have an impact. Follow Prime on LinkedIn to learn more.

Similar Jobs

Cox Enterprises Logo Cox Enterprises

Technical Customer Care Specialist I (Vin Solutions)

Artificial Intelligence • Automotive • Greentech • Information Technology • Machine Learning • Software • Cybersecurity
Remote or Hybrid
United States
50000 Employees
17-25 Hourly

Dragos Logo Dragos

Machine Learning Engineer

Security • Cybersecurity
Remote
United States
295 Employees
190K-190K Annually

Dragos Logo Dragos

Senior Capabilities Hunter

Security • Cybersecurity
Remote
United States
295 Employees
152K-152K Annually

Dragos Logo Dragos

Machine Learning Engineer

Security • Cybersecurity
Remote
United States
295 Employees
225K-225K Annually

Similar Companies Hiring

Globe Life Thumbnail
Insurance • Financial Services
McKinney, TX
3000 Employees
MassMutual India Thumbnail
Big Data • Fintech • Information Technology • Insurance • Financial Services
Hyderabad, Telangana
Granted Thumbnail
Artificial Intelligence • Healthtech • Insurance • Mobile • Financial Services
New York, New York
23 Employees

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account