Job Description
Join Our Team as a Sr. Category Management Analyst!Are you passionate about strategic sourcing and vendor governance? As a Sr. Category Management Analyst, you’ll play a pivotal role in managing all sourcing and vendor governance activities for your assigned categories. Your mission will be to reduce the organization’s cost of ownership by leveraging innovative sourcing strategies, tools, and processes, all while mitigating risk through effective vendor governance.
You’ll collaborate closely with third-party vendors, business owners, and the Corporate Services Vendor Contracting team to prepare, analyze, and negotiate vendor contracts. Additionally, you’ll assist business owners across all functional areas in selecting vendors and documenting vendor obligations to meet business requirements.
If you’re ready to make a significant impact and drive cost efficiencies, we want to hear from you!
Establish sourcing strategies for an assigned category(ies) in conjunction with internal stakeholders and their associated business strategy.
Conduct sourcing events, including development of project work plan, category profile, category strategy, minimum requirements and evaluation criteria, solicitation
Develop and implement assorted bid documents and requests (i.e. RFP, RFI, RFQ); and manage status reporting and performance metrics of sourcing and category management activities.
Understand, analyze and forecast complex market and industry dynamics and share subject matter expertise and industry knowledge within the established portfolio of products and services.
Partner with stakeholders to source products and services using proven tools, processes, and analytics to drive and achieve business results.
Evaluate analyses of sourcing results from a total cost of ownership perspective and provide optimization recommendations
Participate in cross-functional teams responsible for complex vendor negotiations, including those that require specialized subject matter expertise, nonstandard risk mitigation solutions, and coordination of multiple arrangements.
Review and lead supplier relationship management and performance within an assigned category
Proactively establish and foster successful, positive working relationships with vendor personnel. Drive vendor engagement through formal and informal transactions.
Engage stakeholders to implement and execute vendor relationship management plan.
Coordinate and host vendor business reviews
Develop, track and manage yearly vendor plans for assigned vendors within the assigned category(ies) and ensure vendor compliance.
Coordinate vendor risk assessments and develop plans to track and address significant risks.
Serve as an escalation point for the business in resolving vendor performance issues. issue resolution.
Manage contracts and collaborate effectively with Corporate Compliance, Legal, Audit and Risk Management and other internal stakeholders for compliance activities to ensure regulatory conditions are met.
Research, analyze and provide data driven recommendations regarding compliance or audit level issue resolution and remediation.
Facilitate and monitor vendor implementation of relevant corrective action plans.
Develop new procedures, training, initiatives, specifications and recommendations for process or policy changes and improvements, as appropriate.
Hiring Requirements
Bachelor's degree or advanced degree (where required)
5+ years of experience in related field
In lieu of degree, 7+ years of experience in related field
Preferred Skills
Familiarity with all types of contract agreements to provide an array of Professional services to Corporate Human Resources, Legal, and Marketing.
Experience in negotiating vendor contracts and managing vendor relationships.
Excellent verbal and written communication skills, with the ability to collaborate effectively with cross-functional teams and external partners.
Experience in identifying and mitigating risks associated with vendor management and sourcing activities/Issue Spotting.
Salary Range
At Blue Cross NC, we take great pride in a fair and equitable compensation package that reflects market-price and our starting salaries are typically planned near the middle of the range listed. Compensation decisions are driven by factors including experience and training, specialized skill sets, licensure and certifications and other business and organizational needs. Our base salary is part of a robust Total Rewards package that includes an Annual Incentive Bonus*, 401(k) with employer match, Paid Time Off (PTO), and competitive health benefits and wellness programs.
*Based on annual corporate goal achievement and individual performance.