The Role
Manages strategic sourcing plans for assigned product categories, including supplier research, contract drafting and negotiation, spend analysis, category strategy, supplier selection, and performance improvement. Partners with business owners, Legal, Compliance, Risk, and Information Security to address requirements and mitigate outsourcing risk. Develops sourcing processes, tools, and pipelines while driving supplier consolidation, cost savings, quality improvements, and contract effectiveness.
Summary Generated by Built In
Job Summary & Responsibilities
The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Pinnacle is an Equal Opportunity Employer committed to fostering an inclusive work environment.Preferred Qualifications
Minimum Experience: Six years of experience in a procurement sourcing role including negotiating contracts and working/collaborating with cross-functional teams. Sit Regularly
Required Knowledge, Skills & Abilities:
Job Summary:
Manages sourcing plans and activities for assigned product category from inception to completion. Works closely with line-of-business category owners in the negotiation of contacts. Leverages current and future business requirements, market intelligence and historical spend information as guidance in contract negotiations. Provides management with periodic reviews of spend reports, savings reports, and industry analyses. Develops category strategies that drive a simplified supply base, business value and cost reductions/savings. Works with line-of-business category owners regarding contract negotiations, and planning.
Job Duties and Responsibilities:
Manages sourcing plans and activities for assigned product category from inception to completion. Works closely with line-of-business category owners in the negotiation of contacts. Leverages current and future business requirements, market intelligence and historical spend information as guidance in contract negotiations. Provides management with periodic reviews of spend reports, savings reports, and industry analyses. Develops category strategies that drive a simplified supply base, business value and cost reductions/savings. Works with line-of-business category owners regarding contract negotiations, and planning.
Job Duties and Responsibilities:
- Works with business unit management or line-of-business (LOB) category owner to identify procurement needs and objectives including requirements and expectations around schedules, statements of work, and service level agreements. Ensures all business requirements are addressed in final contract or agreement.
- Manages, drafts and negotiates contracts and agreements in accordance with established policies and procedures and utilizing industry best practices. Identifies and recommends savings to improve overall financial returns to the line-of-business and Pinnacle while balancing quality, and contracting goals. Works closely with risk partners including Legal, Compliance, Risk, and Information Security in negotiating contracts and in managing and outsourcing risk.
- Researches and develops sources of supply for assigned categories. Creates and continuously refines sourcing strategies to optimize supplier base including supplier consolidation and standardization opportunities. Evaluates price trends, new products, service levels and processes.
- Works with Procurement team members in the development of strategic sourcing plans and pipelines looking ahead one to two years. Works closely with Procurement Department team members in the evaluation of suppliers and the development of supplier selection criteria for each spend category as part of the overall procurement and business partner management strategy.
- Maintains business partner relations and serves as a liaison between Pinnacle and suppliers for resolution of problems. Develops and reviews performance data with suppliers to implement continuous cost and quality improvements. Initiates corrective actions in the event of missed expectations.
- Develops and refines sourcing processes, tools and templates that can be applied across all business partners and categories. Recommends systems and processes improvements to increase contract effectiveness. Maintains knowledge of industry trends and best practices.
- Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.
- Meet all the client's financial needs, both business and personal, and refer clients to other specialty areas such as Trust, Investments, Insurance, Treasury Management, etc. as appropriate.
- Assist other team members as needed to ensure delivery of distinctive service.
- Performs other related duties as required.
The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Pinnacle is an Equal Opportunity Employer committed to fostering an inclusive work environment.
Minimum Education: Bachelor's Degree in Business Administration or related discipline OR an equivalent combination of education and experience.
Minimum Experience: Six years of experience in a procurement sourcing role including negotiating contracts and working/collaborating with cross-functional teams. Sit Regularly
Required Knowledge, Skills & Abilities:
- Stand or Walk Regularly
- Talk and Hear Regularly
- Climb, Bend, Kneel, Crouch, or Crawl Regularly
- Ability to see objects up close or at a distance, use peripheral vision, identify basic colors
- Use of Hands/ability to reach
- Up to 10 pounds weight lifting/force exertion required
- Weight/Force exertion required less than 25%
- Travel required less than 10%
- Valid Driver's License Required
Skills Required
- Bachelor's degree in Business Administration or a related discipline, or equivalent combination of education and experience
- Six years of procurement sourcing experience
- Experience negotiating contracts
- Experience working or collaborating with cross-functional teams
- Ability to stand or walk regularly
- Ability to talk and hear regularly
- Ability to climb, bend, kneel, crouch, or crawl regularly
- Ability to see objects up close or at a distance, use peripheral vision, and identify basic colors
- Ability to use hands and reach
- Ability to lift or exert force up to 10 pounds
- Valid driver's license
Synovus Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Synovus and has not been reviewed or approved by Synovus.
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Parental & Family Support — Fully paid 12‑week parental and adoption leave is highlighted for eligible mothers and fathers, indicating strong support for family needs. This policy is repeatedly positioned as a standout element of the package.
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Leave & Time Off Breadth — PTO is available from the first day of service and scales with tenure, pointing to accessible and growing time‑off availability. Company materials indicate companywide PTO policies rather than ad‑hoc discretion.
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Equity Value & Accessibility — An employee stock purchase plan includes a 15% company match on contributions (up to a 7% cap by service), providing accessible equity participation beyond base pay. This feature is presented as a notable value‑add in the package.
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The Company
What We Do
Synovus is a full-service, top-performing mid-cap bank with over $57 billion in assets and $7.3 billion in capital and has been named one of Newsweek’s Most Trustworthy Companies. Our purpose is to enable people to reach their full potential, and we pursue that aspiration in all the communities we serve across the Southeast and beyond. Whether you’re a prospect, client, or team member, we know you have goals you want to reach. We’ll help you get there
