Sourcing Specialist

Sourcing Specialist

At Welltower, we're transforming how the world thinks about senior living and wellness-focused real estate. As a global leader in residential wellness and healthcare infrastructure, we create vibrant, purpose-driven communities where housing, healthcare, and hospitality converge. Our culture is fast-paced, collaborative, and endlessly ambitiousguided by our mantra : The Only Easy Day Was Yesterday.

We're looking for bold, independent thinkers who thrive on challenge, embrace complexity, and are driven to deliver long-term value. Every team member is empowered to think like an owner, innovate fearlessly, and lead from where they stand. If you're passionate about outcomes and inspired by the opportunity to shape the future of healthcare infrastructure, we want you on our best-in-class team.

Job Summary

Join our team as a Sourcing Specialist and play a pivotal role in ensuring the smooth operation of construction projects for our Capital Projects / Redevelopment team. As the Sourcing Specialist, you will be responsible for negotiating terms with vendors, analyzing pricing structures, and identifying potential new partners. Your keen eye for detail will be essential as you manage vendor onboarding packages and ensuring compliance with Welltower's requirements. This position is based in our Plano, TX office and reports directly to the Invoice Manager, Capital Administration.

Key Responsibilities

• Compile comprehensive vendor onboarding packages, including thorough reviews of licenses and insurance to ensure compliance with company policies.
• Collaborate with Risk Management to address and resolve insurance discrepancies promptly and effectively.
• Research and identify new vendors for the SHO Capital / Redevelopment team, ensuring alignment with Welltower's standards and requirements.
• Address budgetary issues, invoice discrepancies, and pricing discrepancies as they arise, ensuring financial integrity throughout project execution.
• Prepare and assemble contract packages, including budgetary estimates, requests for proposals (RFPs), project scopes, and schedules, facilitating contract execution on behalf of Project Managers.
• Negotiate terms and conditions with vendors, encompassing discount terms, contract pricing, and material pricing.
• Conduct analysis of current vendor pricing to identify outliers and optimize procurement strategies.
• Coordinate and facilitate pre-construction and post-construction meetings, ensuring effective communication and alignment among project stakeholders.
• Oversee the purchase order cycle from initiation to completion, ensuring accuracy and timeliness in procurement processes.
• Support project managers in monitoring project progress, billing, and deliverables, providing regular updates to stakeholders as needed.
• Foster collaboration and synergy among project team members to enhance productivity and achieve project objectives.
• Continuously assess and refine project processes to drive efficiency and effectiveness, contributing to ongoing improvement initiatives.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of this employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Minimum Requirements

What We Offer

About Welltower

Welltower Inc. (NYSE : WELL) an S&P 500 company, is the world's preeminent residential wellness and healthcare infrastructure company. Our portfolio of 1,500+ Seniors and Wellness Housing communities is positioned at the intersection of housing, healthcare, and hospitality, creating vibrant communities for mature renters and older adults in the United States, United Kingdom, and Canada. We also seek to support physicians in our Outpatient Medical buildings with the critical infrastructure needed to deliver quality care.

Our real estate portfolio is unmatched, located in highly attractive micro-markets with stunning built environments. Yet, we are an unusual real estate organization as we view ourselves as a product company in a real estate wrapper driven by relationships and unconventional culture.

Through our disciplined approach to capital allocation powered by our data science platform and superior operating results driven by the Welltower Business System, we aspire to deliver long-term compounding of per share growth and returns for our existing investors our North Star.

Welltower is committed to leveraging the talent of a diverse workforce to create great opportunities for our business and our people. EOE / AA. Minority / Female / Sexual Orientation / Gender Identity / Disability / Vet

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.