Manager - Strategic Sourcing Commodity

Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.

We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.

PURPOSE / SCOPE

Identify and leverage corporate purchasing power within indirect categories such as professional services, consulting, technology (software, hardware, maintenance), facilities, human resources, marketing, finance, shared services, mortgage originations and servicing core functions, and other assigned commodities. Partner with internal business units to improve quality of procurement, sourcing penetration and contribution. Engage customers in a managed selection process. Manage and facilitate contracting and negotiation processes to ensure contractual protection. Provide proactive strategic sourcing support to Business Units to drive cost reduction, operational efficiencies, and risk mitigation.

PRIMARY RESPONSIBILITIES

Develop and manage relationships with internal Business Units

Drive early engagement, sourcing penetration, customer compliance and relationships with assigned Business Units

Guide sourcing projects within overall acquisition strategy, identify opportunities to reduce costs, create operational efficiencies, and assist in mitigating risk

Socialize sourcing / contracting processes to internal customers, recommend project approach and secure approvals from Business Units, Support Partners, and Executive Leadership as required

Formulate procurement and category-specific strategies, policies, and lead implementations, driving Business Unit compliance

Assist in developing product and service specifications according to best practices in cooperation with Business Units and Support Partners

Monitor category trends and conduct market research as needed

Conduct RFx activities, as necessary

Manage negotiation process with suppliers jointly with Business Units and Legal department

Manage supplier relationships in collaboration with Business Units and Vendor Management

Overall, manage all aspects of assigned Business Units, Categories and Contracts

KEY ATTRIBUTES

Creativity, integrity, and Innovation – is creative and inclusive in approach, honest, accountable, upholds ethical standards and maintains confidentiality, as required. Demonstrates integrity in handling sensitive negotiations and managing key supplier relationships

Effective Change Agent and Communicator - demonstrates advanced verbal and written communication skills, with added focus on listening and ability to develop and present subject matter materials to all levels of the organization

Consistently Demonstrate Quality Customer Focus and Leadership – is a self-starter, assertive and a team player, striving to provide stellar service to the assigned Business Units

Problem Solving and Conflict Leadership – strives to understand contributing factors, works to resolve complex challenges, and works with others to effectively resolve conflicts

Delivering Results – sense of urgency – defines appropriate goals, works toward achieving goals, articulates vision and steps for achievement, meets deadlines and provides timely status updates and follow-through

Teamwork / Cooperation – accountable to team, works with others to meet established milestones, appreciates view of team members and is respectful of others

Initiative – acts, seeks new opportunities, and strives to see projects through to completion

Work Reliability / Quality – strives to eliminate errors, values accurate work as a priority, and seeks opportunities to improve deliverables

KNOWLEDGE

Knowledge of Work Areas and Responsibilities – demonstrates a clear understanding of the role and associated responsibilities within the assigned area(s), remaining flexible and agile in adapting to changes or exploring opportunities and challenges :

Drives leveraging of spend and consolidation of supply base, as appropriate

Develops, executes, and manages leveraged contracts / agreements, and negotiation tactics

Shares expertise with others and takes a leadership role in mentoring others

Strong background and knowledge of expenditure analysis and Strategic Sourcing processes and practices

Experience in development of sourcing savings plans, and for designing sourcing support models that reach the greatest number of potential customers at the lowest cost to the company

Strong understanding and experience in working with a large supply base

Broad working knowledge of procurement best practices and trends

Strong knowledge of sourcing products / services for supporting internal and external groups in a services industry

Understanding and commitment to continuous business improvement process

Capable of working closely with internal customers, cross-functional teams, business units, support partners and suppliers – exhibits leadership behaviors

Effective planner and organizer

Ability to manage multiple projects and tasks effectively

Analytical ability to develop and execute strategic and tactical plans

Possess strong financial skills and knowledge of business law

JOB REQUIREMENTS

Minimum 5-7 years’ experience delivering category specific sourcing service, strategic sourcing, supplier / category management and compliance management

Financial Services experience a plus

Professional Procurement Qualification (CIPS / CPM or equivalent preferred)

4 Year College Degree

MBA / JD and appropriate professional affiliations / preferred

eProcurement / eSourcing technology experience, in particular Workday and Conga skills a plus

Leading project teams experience desirable

While this job description is intended to be an accurate reflection of the job requirements, management reserves the right to modify, add, or remove duties from jobs and to assign other duties, as necessary.

Additional Information :

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies / states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.

Company Benefits :

Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!

Medical, dental, and vision insurance

Health Savings Account with employer contribution

401(k) Retirement plan with employer match

Paid Maternity Leave / Parental Bonding Leave

Pet insurance

Adoption Assistance

Tuition reimbursement

Employee Loan Program

The Newrez Employee Emergency and Disaster Fund is a new program to support our team members

Newrez NOW :

Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more

1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice

Employee Matching Gifts Program : We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee

Newrez Grants Program : Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions