Strategic Sourcing Manager - Category Management (Remote)

Posted Yesterday
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Hiring Remotely in Home, PA, USA
In-Office or Remote
66K-106K Annually
Junior
Insurance
The Role
Manage sourcing for lower-risk, lower-spend vendor categories: develop sourcing strategies, run RFx/RFP events, negotiate and redline contracts, support vendor lifecycle management, produce spend and performance reports, and maintain procurement system data and sourcing process improvements.
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

Strategic Sourcing Manager - Category Management (Remote)Job Description

The Strategic Sourcing Manager is responsible for supporting the Sourcing team in executing sourcing strategies for lower risk, lower spend, and lower complex vendor categories. This includes assisting in developing vendor strategies, designing and administering RFx(s), vendor negotiations, contract drafting and redlining, and other sourcing management functions. The Strategic Sourcing Manager will assist in cross-functional vendor lifecycle management and sourcing initiatives.

Responsibilities

  • Lead the sourcing needs and procurement activities for lower-risk, lower spend, and lower complex vendor categories, including basic option/cost analysis, contract drafting and redlining, and negotiations in alignment to company sourcing processes, standards, and documentation
  • Support the Strategic Sourcing team in negotiation strategy development, spend management and action planning for contract renewals, extensions, and amendments, ensuring that projects are completed on a timely basis and at maximum value; research and develop sourcing strategy options and support team on implementing the sourcing strategies approved by leadership
  • Provide monthly, quarterly, and ad hoc reports including, but not limited to, vendor spend, contract clause library, contract pricing, vendor performance, and other ad hoc research and analysis in support of the broader sourcing team's and Prime's needs
  • 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
  • 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.
  • 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
  • 2 years of work experience in procurement, buying, supply chain, or strategic sourcing
  • Must be eligible to work in the United States without need for work visa or residency sponsorship

Additional Qualifications

  • Strong verbal and written communication skills
  • 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)
  • Basic understanding of contract drafting and redlining and the sourcing process

Preferred Qualifications

  • Experience with ERP financial systems, sourcing tools, contract lifecycle management systems, and/or other related systems
  • 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 $66,000.00 - $106,000.00 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/work experience)
  • 2 years of work experience in procurement, buying, supply chain, or strategic sourcing
  • Eligible to work in the United States without need for visa or residency sponsorship
  • Strong verbal and written communication skills
  • Ability to work effectively in a matrix environment and manage multiple tasks and priorities
  • Proficient in Microsoft Office suite (Excel, Word, PowerPoint)
  • Basic understanding of contract drafting, redlining, and the sourcing process
  • Experience with ERP financial systems, sourcing tools, or contract lifecycle management systems
  • 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

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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.

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