Strategic Sourcing Portfolio Manager

Job Summary

Position Responsibilities

• Manages and negotiates contracts to ensure competitive pricing, price protection, and service levels.
• Ensures appropriate authorization, routing of contracts, distribution and document management occurs.
• Ensures all configuration changes pertaining to new or amended contracts are implemented in a timely and accurate manner.
• Develops and introduces better utilization of products and services.
• Implements suggestions, securing measurable savings.
• Initiates, creates, facilitates and manages the bid process for products and services.
• Works with internal stakeholders to do market research and strategy development.
• Regularly meets with assigned vendors to review contracts, evaluate vendor performance and consider future opportunities.
• Reviews and resolves invoice discrepancies and accruals.

Position Qualifications

• Required Experience: 5 years of progressively responsible experience in sourcing or procurement activities, would consider candidates with 2-3 years’ experience and a bachelor’s degree.
• Required Education: High School diploma required. Bachelor’s Degree preferred.

Pay

$75,177 - $116,950 Yearly

Benefits

This position is eligible to participate in one of Virtua’s annual incentive compensation plan (AICP). The amount is subject to the terms and conditions of the plan document. Virtua offers a comprehensive package of benefits for full-time and part-time colleagues, including, but not limited to: medical/prescription, dental and vision insurance; health and dependent care flexible spending accounts; 403(b) (401(k) subject to collective bargaining agreement); paid time off, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, colleague and dependent life insurance and supplemental life and AD&D insurance; tuition assistance, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.