Sourcing Manager

At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care with guidance, products, and services that meet families where they are. Further, we are the spouses, children, siblings, friends, and neighbors of those that need care—and we bring those experiences with us to work in serving our millions of policyholders each day.
 

We apply that same compassion and empathy as we work with each other and our local communities, Genworth values all perspectives, characteristics, and experiences so that employees can bring their full, authentic selves to work to help each other and our company succeed. We celebrate our diversity and understand that being intentional about inclusion is the only way to create a sense of belonging for all associates. We also invest in the vitality of our local communities through grants from the Genworth Foundation, event sponsorships, and employee volunteerism.

Our four values guide our strategy, our decisions, and our interactions:
• Make it human. We care about the people that make up our customers, colleagues, and communities.
• Make it about others. We do what’s best for our customers and collaborate to drive progress.
• Make it happen. We work with intention toward a common purpose and forge ways forward together.
• Make it better. We create fulfilling purpose-driven careers by learning from the world and each other.
 

SOURCING MANAGER

POSITION LOCATION
Richmond/Lynchburg, VA/Stamford CT

This role is not eligible for employment visa sponsorship.

YOUR ROLE

Selecting, contracting, and managing quality suppliers is critical to protecting Genworth and ensuring we are able to meet our stakeholder commitments.

You will focus on specific categories of spend and partner with business leaders to maximize value while minimizing risk by leading requests for proposal, contract negotiations and ensuring due diligence practices are followed. Primary categories include Technology Professional Services, Value Added Resellers (VARS), Hardware, and Software.

What you will be doing

• Collaborating closely with your business clients, select and contract with suppliers offering the most value (for example, cost savings, cost avoidance, agreement to key terms) to Genworth
• Use the supplier risk tools to determine the service's risk tier and lead the business through the Supplier Life-Cycle stages: selection, contracting, management, and exit.
• Manage and maintain strategic relationships with VARs and to drive performance, contract compliance, and value delivery.
• Collaborate closely with internal departments to understand their sourcing needs, specifications, and requirements.
• Develop and issue complex Request for Proposals, manage the selection process and lead contract negotiations.
• Work with the Sourcing Operations and Supplier Management Leader to drive adherence to Sourcing and Supplier Management Policy.
• Manage a pipeline of sourcing projects, ensuring prioritization aligns with enterprise goals.

What you bring

• BS/BA in Business, Finance or equivalent work experience.
• 5+ years of experience in a Sourcing and or Supply Management role or Program Management role
• Strong Analytical skills
• Inquisitive – desire to continuously learn and grow
• Passion for increasing opportunities for diverse businesses.
• Demonstrated effective influencing and team building skills with ability to drive results and gain commitment at all levels across the organization
• Comfortable with conflict – creating, managing, and resolving
• Attention to detail and willingness to read and review documentation
• Strong interpersonal, communication (oral and written), and presentation skills.
• Knowledgeable on Microsoft suite of office products (Word, Excel. PowerPoint, etc).
• Occasional travel may be required

ADDITIONAL INFORMATION

Within our company the base salary pay range for the job level P3 starts at a minimum rate of $80,200 up to the maximum of $158,200. The final determination on base pay for this position will be based on multiple factors to ensure pay equity within the organization. In addition to your base salary, you will also be eligible to participate in an Incentive Plan. The Incentive Plan is based on performance and the target earning opportunity is 10%

WHY GENWORTH?

• We have a real impact on the lives of the people we serve
• We work on challenging and rewarding projects
• We give back to the communities where we live
• We offer competitive benefits including:
  • Medical, Dental, Vision, Flexible Spending Account options beginning your first day
  • Generous Choice Time Off your first full year
  • 12 Paid Holidays
  • 40 hours of volunteer time off
  • 401K Account with matching contributions
  • Tuition Reimbursement and Student Loan Repayment
  • Paid Family Leave
  • Child Care Subsidy Program

Employee Benefits & Well-Being

• Genworth employees make a difference in people’s lives every day. We’re committed to making a difference in our employees’ lives.
• Competitive Compensation & Total Rewards Incentives
• Comprehensive Healthcare Coverage
• Multiple 401(k) Savings Plan Options
• Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!)
• Generous Paid Time Off – Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave
• Disability, Life, and Long Term Care Insurance
• Tuition Reimbursement, Student Loan Repayment and Training & Certification Support
• Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management)
• Caregiver and Mental Health Support Service