Job Details

Strategic-Sourcing-Manager

Company name
T. Rowe Price Group, Inc.

Location
Owings Mills, MD

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Strategic Sourcing Manager

in

Owings Mills

Maryland

Our mission as a leading investment management firm is to help our clients achieve their long-term financial goals. We believe our associates are the key to this mission and we are always looking for talented individuals who share our commitment to our client’s success.If you’re looking for challenging work experiences and the ability to learn in a collaborative culture, we invite you to explore the opportunities available at T. Rowe Price.

PRIMARY PURPOSE OF THE POSITION

The Sourcing Manager works within the Strategic Sourcing, and is responsible for completing complex RFx activity for the firm, often serving as a Procurement project manager for enterprise-wide sourcing projects and working independently to present recommendations to management.

The Manager is responsible for all aspects of a sourcing initiative, including supplier cost modeling and vendor contract negotiation.

The Manager will interact with senior level business partners / heads of BU’s, and will represent the firm when negotiating on TRP’s behalf.

PRINCIPAL RESPONSIBILITIES

RFx Project Management and Technical Writing:

The Manager will be tasked with developing proactive category management strategies, as well as tactical RFx execution.

The Manager will serve as a Procurement project manager for vendor sourcing projects across functional project teams, often with a high level of technical complexity and should be familiar with category management and competitive bidding / RFx process.

The Manager will collaborate with internal business partners to write complex RFx requirement documentation.

The Manager will spend time working with MS Excel and MS PowerPoint to build cost models and conduct independent supplier due diligence sessions to ensure accuracy.

The Manager will work independently to develop PowerPoint presentations summarizing complex cost models into concise summaries for management.

The Manager will work with TRP legal to negotiate Master Service Agreements (MSA’s) and subsequent contracts as an outcome of a sourcing event.

The Manager will lead contract negotiations with external third party vendors.

Contract Review and Redlining:

The Manager serves as a Subject Matter Expert (SME) for areas of contracting for the Sourcing team, and provides guidance to more junior associates and contractors on the Sourcing team.

The Manager should have a strong educational or working background with commercial contracting, and should understand document compare functions, contract negotiation strategies, and the contract redlining process.

The Manager should be able to work independently to develop a contract term sheet, and successfully lead negotiations with external suppliers to ensure T. Rowe Price’s internal business partner’s needs are achieved.

System Administration / Data Reporting:

The Manager will be responsible for pulling category spend reports from a spend analytics system, and will be tasked with making independent and proactive sourcing decisions.

The Manager will be responsible for clearly explaining and discussing spend details with business leaders on an on-going basis, and identifying spend patterns or trends conducive to strategic sourcing activities.

The Manager will provide data quality oversight to junior members of the Sourcing team as it pertains to spend analytics.

QUALIFICATIONS

Required

Bachelor’s Degree

2-4 years of professional experience in Sourcing, Procurement, or Supply Chain Management

Professional experience with MS Excel, MS Word, MS Power Point

Professional experience with technical writing

Strong verbal and written communication skills

Strong presentation skills

Professional experience with MS Excel, MS Word, MS Power Point

Professional experience with technical writing

Professional experience with contract management

Professional experience managing competitive bidding or RFx projects

Preferred

Experience with IT Procurement and Sourcing

IT systems experience in mapping workflow and processes

Professional experience developing and executing category management strategies

Professional experience managing a spend analytics solution

A graduate or undergraduate degree with a focus on accounting or technical writing

Excellent presentation and communication skills, both verbal and written

Strong proficiency in Microsoft Excel, with ability to build multi-tab cost models using pivot tables and complex formulas

T. Rowe Price is an Equal Opportunity EmployerT. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on–now, and over the long term.

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Company info

T. Rowe Price Group, Inc.
Website : http://corporate.troweprice.com

Company Profile
Founded in 1937 by Thomas Rowe Price Jr.Managing $692.4 billion in assets* (as of December 31, 2013) Serving individuals, financial intermediaries and institutions Offering a full range of investment strategies Independent company with considerable employee ownership Headquartered in Baltimore, Maryland, with offices in 12 countries around the world Employing over 5,600 associates

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