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Regions Bank · 3 days ago

Procurement Sourcing Category Strategist

Atlanta, GA

Full-time

Onsite

Mid, Senior Level

$104K/yr - $141K/yr

7+ years exp

Regions Bank is committed to providing a career-focused environment for its associates. The Procurement Sourcing Category Strategist is responsible for managing complex sourcing initiatives, leading expense reduction efforts, and collaborating with senior leaders to optimize procurement processes.

BankingInsurance

Responsibilities

Utilizes strategic sourcing approach to determine and prepare request for proposals (RFP)/competitive bid requirements, solicits responses, analyzes responses, prepares recommendation and negotiates contracts to enhance efficiencies and reduce costs

Utilizes the ability to execute the bank’s competitive bidding process and leads strategic sourcing activities for assigned areas

Utilizes the ability to develop cross-functional teams and business objectives; identifies bidding suppliers, sets up the RFP in the bank’s P2P system, executes the RFP/competitive bid with suppliers, and works with business stakeholders to develop recommendations

Partners with key stakeholders and senior leaders in proactively identifying expense reduction opportunities as it relates to suppliers

Analyzes market industry conditions and develops plans to procure goods not related to information technology vendors

Communicates corporate procurement standards to vendors and business partners

Completes and executes RFPs and/or contracts that meet the company’s business and legal requirements

Offers advice and guidance to junior consultants, assisting in the development of necessary skills and the promotion of continuous improvement initiatives

May serve as team lead or supervise entry level procurement consultants

May partner with Procurement Strategic Sourcing Technology Consultant on projects

Qualification

Strategic sourcingRFP executionNegotiation skillsProcurement experienceMicrosoft OfficeData analysisTeam collaborationCommunication skillsRelationship buildingSelf-motivation

Required

Bachelor's degree in Business, Supply Chain/Engineering, Procurement, or related field and seven (7) years of experience in procurement or related field

Or High School Diploma or GED and eleven (11) years of experience in procurement or related field

Ability to lead associates to desired outcomes through influence and buy-in

Ability to learn additional systems as needed

Ability to research, analyze data, and derive facts

Ability to work in a team environment when applicable

Ability to work under pressure and meet deadlines

Demonstrated ability to execute RFPs and/or competitive bids

Demonstrated ability to negotiate with suppliers and internal customers to maximize value, ensure standardization, successfully resolve disputes, and drive optimal outcomes

Demonstrated negotiation skills

Developed relationship-building skills

Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)

Strong verbal, written communication, and organizational skills

Strong work ethic and self-motivation

Preferred

Professional certification in Supply Chain, Procurement, or related field

Master of Business Administration (MBA) or related degree

Procurement experience in the following spaces: Corporate / Consumer Banking, Wealth Management, Treasury Management, Enterprise Payments, Wealth Management

Benefits

Paid Vacation/Sick Time

401K with Company Match

Medical, Dental and Vision Benefits

Disability Benefits

Health Savings Account

Flexible Spending Account

Life Insurance

Parental Leave

Employee Assistance Program

Associate Volunteer Program

Company

Regions Bank

Glassdoor3.6

Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services.

Founded in 1971

Memphis, Tennessee, USA

10001+ employees