- Drive key sourcing events and negotiations, leveraging the full suite of sourcing capabilities and market analysis
- Be responsible for managing and negotiating deals for select supplier relationships in the organization
- Coordinate with Procurement, Contracting, Spend Analytics, Risk, Diversity, Accounts Payable, Enterprise Risk Management, etc. to ensure an effective sourcing process and end-to-end supplier management approach
- Champion third party risk management process compliance and Supplier Diversity
- Partner with Procurement to develop and execute supplier negotiations strategies to achieve the best value and least risk for the organization
- Collaborate with cross-functional teams to ensure key contracting elements, including service level agreement components and evaluation process are aligned and included in the draft contract before passing to Legal for review
- Lead supplier onboarding and offboarding activities, including, but not limited to, coordinating supplier training, granting system access and ensuring that the supplier is familiar with their main contacts within MassMutual
- Determine and lead appropriate supplier specific ongoing monitoring plan (operational business review meetings, executive oversight meetings, issue management reviews, performance monitoring, contract management reviews, risk management reviews etc.)
- B.S. in business or related experience and/or combination of procurement experience.
- 5+ years' experience with procurement and/or sourcing experience
- B.S. in business or related fields
- Strong influence skills to encourage leaders from across MassMutual towards positive supplier relationships and results delivery
- Courage to influence across the organization for compliance with standards and escalate noncompliance when needed
- Demonstrated verbal and written communication, change management capabilities, business acumen, project management and leadership skills
- Ability to lead through transition; Communicate the vision for the future and provide motivation for people to change; Address questions and resistance to change with confidence and an understanding of what is needed for buy-in
- Experience in working complex, sourcing projects
- Experience creating and leading sourcing activities to realign suppliers in the category
- Possesses a strong understanding and prior working experience in supplier management activities including performance management (SLAs, KPIs etc.), relationship management, contracting and risk management
- Seasoned individual capable of handling broad-scope projects with short to medium term focus
- Team player who collaborates with business units and functional partners (i.e., IT, finance, HR, legal)
- Extensive experience negotiating agreements and managing complex vendor / client relationships
- Regular meetings with the Procurement Team
- Focused one-on-one meetings with your manager
- Access to mentorship opportunities
- Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
- Access to learning content on Degreed and other informational platforms
- Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
Procurement Consultant - Boston, United States - MassMutual
Description
Procurement Consultant
Full-Time
Boston, MA or Springfield, MA
We have 6 Procurement Consultant positions open on across different teams- Enterprise Technology, HR & Law, Procurement Strategy.
The Opportunity
Come Join Us We have a role which will enable you to work with a dynamic and growing Procurement team. As a Procurement Consultant, you will be responsible for managing supplier relationships, negotiating deals, facilitating sourcing events, and providing directed and independent analytical support for the assigned categories. You will serve as a procurement subject matter expert for your category, partnering across the business and with other procurement functional areas including supplier diversity, and procurement operations. A strong mix of analytic, strategic vision, and communication skills will ensure your success.
The Team
On the MassMutual Procurement team, we have a goal to enable MassMutual's mission and vision by providing the right supplier solution at the right time. Our mission is to streamline the procurement process, align supplier partners to meet business needs and continuously increase the value provided to our policyholders. We have embarked on an extensive maturity of our procurement operating model with a focus on standardization, implementing industry best practices and reducing supplier spend.
The Impact
This role focuses on being a subject matter expert (SME) to assigned business groups. The Procurement Consultant partners with business leaders/internal procurement group to meet expectations to make sure that all purchases are smart, timely, cost-effective, and aligned with Procurement policies.
In this role, as well as all roles within MassMutual, you will demonstrate accountability, agility, a dedication to be inclusive, a strong business acumen, and will show courage, even in the most difficult situations. We also highly value strong communication skills, a passion for learning, leadership traits, resilience and self-awareness.
The Minimum Qualifications
The Ideal Qualifications
What to Expect as Part of MassMutual and the Team
#LI-MM1
Salary Range:
$84,100.00-$110,300.00At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.
Why Join Us.
We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.
We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure – it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.
If you need an accommodation to complete the application process, please and share the specifics of the assistance you need.
At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our