Sr Consultant, Procurement Strategic Sourcing (*remote consideration))

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Date: Jan 3, 2025

Primary Location: Radnor, PA, US

Company: Lincoln Financial

Alternate Locations: Radnor, PA (Pennsylvania)

Work Arrangement:

Hybrid/Common Days+ : Work 2-3 days a week in a Lincoln office with a designated workspace.

Relocation assistance: is not available for this opportunity.

Requisition #: 73631

The Role at a Glance

We are excited to bring on a Procurement Strategic Sourcing Sr Consultant to join our Procurement Team in a remote environment.

The Role at a Glance

The Sr Consultant, Procurement Strategic Sourcing role will function as the subject matter expert in developing and executing procurement sourcing strategies for categories within, and in support of, our commercial lines of business. These may include, but are not limited to the following: Product Development, Strategic Partnerships / Co-Marketing, business area SaaS tools, and Insurance Support Services. This role will collaborate intensely with internal stakeholders using a structured approach to identify business requirements and benefit delivery objectives and ensure these are ultimately delivered via agreements negotiated with external suppliers or other continuous improvement programs activities that demonstrate the value-add of Procurement across all spectrums of the source to pay process and post supplier selection governance.

What you'll be doing

Lead cross-functional teams in the development and implementation of strategic sourcing strategies and demand management opportunities for assigned categories of expenditure
Ensure sourcing strategies align with and support accomplishment of business objectives across dimensions of service, total cost, security of supply, quality, and appropriate compliance or regulatory needs
Collaborate with internal stakeholders in the development of key supplier strategies to include cost-out initiatives
Establish and meet / exceed savings and benefit delivery targets for assigned categories over an extended time frame and ensure such targets are enabled via agreed sourcing strategies and support business unit / LFG-wide cost management objectives
Build strategic relationships with key suppliers and work with internal stakeholders and other parties in conducting regular performance reviews to ensure LFG’s business requirements are being met
Regularly conduct sophisticated analysis on both the marketplace and suppliers within assigned categories of spend and leverage this information with internal clientele in developing sourcing strategies that will maximize total value
Prepare and present category business cases and cost models
Lead the negotiation of tactical and strategic (linked to broader sourcing strategies) contracts for use in multi-site locations and work intensely with LFG Legal counsel to ensure ways of working and practices are streamlined and minimize risk for LFG
Manage supplier contracts for assigned spend categories throughout the agreement’s lifecycle ensuring proactive management of agreement expirations, amendments / addendums, etc. aligned to category strategies
Participate in or lead cross-functional LFG councils, panels or communities of practice to provide ongoing governance and thought leadership around continuous improvement and compliance for strategic spend areas
Demonstrates a high proficiency around influencing skills and building consensus; promotes a collaborative style while ensuring project timelines and objectives are met or exceeded
Provides training and development opportunities, including stretch assignments, for subordinates (if applicable) and gives honest and open feedback to aid in the development of talent.
Up to 20% Domestic Travel.

What we’re looking for

Bachelor’s Degree in Business or related field plus minimum of five (5) years’ strategic sourcing or related supply chain management experience, to include demonstrated track record in driving supplier rationalization and cost-out programs in a cross functional environment Masters of Business Administration or Advanced Degree highly desirable.
Demonstrated use of eSourcing, spend analytics, contract management and procure to pay systems and processes and their application in developing and implementing strategic sourcing strategies in a multi-site environment
Familiarity with (to include certification e.g. Green Belt) with Operational Excellence / Lean Sigma tools and processes highly desirable.
In-depth and hand’s on engagement and use of Procurement systems and processes on an enterprise level
Intimate familiarity with the Procurement strategic sourcing process and associated foundational interdependencies (people, technology/systems including procure-to-pay, etc.)
Solid understanding and proven application of Operational Excellence and Lean Sigma techniques
Familiarity with supplier management processes and measures
Certified Professional in Supply Management (CPSM), Certified Purchasing Manager (C.P.M.), and Certified Professional in Supplier Diversity (CPSD) desirable
Excellent project, program and time management skills and techniques
Ability to work with and rationalize variable data from multiple data points / systems and turn same into competitive intelligence and knowledge for decision making
Demonstrates excellent interpersonal skills with collaborative style.
High proficiency in the use of Microsoft Office applications (Word, Excel, PowerPoint, Outlook)

Application Deadline

Applications for this position will be accepted through 02/28/2025, subject to earlier closure due to the applicant volume.

What’s it like to work here?

At Lincoln Financial Group, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.

What’s in it for you:

Clearly defined career tracks and job levels, along with associated behaviors for each Lincoln leadership Attribute.
Leadership development and virtual training opportunities
PTO/parental leave
Competitive 401K and employee benefits
Free financial counseling, health coaching and employee assistance program
Tuition assistance program
A leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situations
Effective productivity/technology tools and training

The pay range for this position is $90,300 - $164,700 with anticipated pay for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law. Pay is based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln’s total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln’s standard benefits package.

About The Company

Lincoln Financial Group helps people to plan, protect and retire with confidence. As of Dec. 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection and retirement plan services. As of December 31, 2023, the company had $295 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at LincolnFinancial.com.

Lincoln is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Be Aware of Fraudulent Recruiting Activities

If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters.

Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview. Please contact Lincoln's fraud team at fraudhotline@lfg.com if you encounter a recruiter or see a job opportunity that seems suspicious.

Additional Information

This position may be subject to Lincoln’s Political Contribution Policy. An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.

Any unsolicited resumes or candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.

Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, Veteran status, or genetic information. Applicants are evaluated on the basis of job qualifications. If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.

This Employer Participates in E-Verify. See the E-Verify notices.

Este Empleador Participa en E-Verify. Ver el E-Verify avisos.

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