Horizon Blue Cross Blue Shield of New Jersey · 2 hours ago
Sourcing Lead
Newark, NJ
Full-time
Onsite
Senior Level, Lead/Staff
$98K/yr - $133K/yr
8+ years expHorizon Blue Cross Blue Shield of New Jersey is a health solutions leader committed to improving healthcare quality and affordability. The Sourcing Lead will be responsible for researching and developing sources of supply, leading cross-organizational teams, and driving cost management initiatives across the organization.
Health Care
Responsibilities
Serve as a strategic partner to key business leaders, addressing needs and challenges while securing support for sourcing and cost‑management initiatives
Drive continuous improvement of procurement processes across the enterprise to enhance efficiency and effectiveness
Partner with internal stakeholders to integrate procurement policies, procedures, and best practices into routine business operations
Support the development and execution of the overall commodity strategy, identifying opportunities for improvement, optimization, and expansion
Provide oversight for enterprise‑wide sourcing projects throughout the full sourcing lifecycle. Lead cross‑functional sourcing initiatives, including new contracts, onboarding new suppliers, managing demand or specification changes, and implementing workflow enhancements
Analyze procurement data—including cost analysis, benchmarking, spend analysis, and competitive bid information—to drive value, maximize supplier ROI, and inform strategic sourcing decisions
Manage supplier selection activities, leveraging RFx tools and processes to support strategic sourcing and ensure adherence to timelines
Build and maintain strong supplier relationships by applying supplier‑management best practices throughout negotiation, contracting, onboarding, performance evaluation, and renewal cycles
Collaborate with the Manager, Sourcing & Supplier Management to develop annual sourcing and cost‑management plans
Serve as an escalation point and mentor for junior team members, providing guidance and leadership as needed
Support the Sourcing Manager and/or Director with special projects and additional responsibilities as assigned
Promote inclusion of local and diverse suppliers by actively sourcing from community organizations, chambers, and networks, and by advocating for their engagement with internal business partners
Qualification
Required
Minimum Highschool diploma or GED
Minimum 8 years of experience in strategic sourcing or procurement
Minimum 5 years of experience in RFP development and contract negotiation
Proven experience leading complex contract negotiations
Strong background in IT sourcing, including IT professional services and IT security
Strong analytical thinking and problem‑solving abilities
Excellent oral, written, listening, and interpersonal communication skills
Proficiency with Microsoft Office applications
Exceptional project management skills, with experience leading large, complex initiatives with multiple interdependent workstreams
Strong negotiation capabilities with proven success in high‑impact contracting
Detail‑oriented, self‑motivated, and capable of working independently
Ability to consult with business partners to define requirements and guide sourcing strategy
Customer‑focused mindset with outstanding relationship‑building skills
Ability to manage multiple projects simultaneously and perform effectively in a fast‑paced, on‑demand environment
Advanced understanding of contract negotiation strategies, principles, and processes
Preferred
Prefers an MBA degree
Certified Purchasing Supply Manager (CPSM)
Project Management Professional (PMP)
Knowledge of the healthcare industry, legal contracting practices, finance, technology, and Workday
Benefits
Comprehensive health benefits (Medical/Dental/Vision)
Retirement Plans
Generous PTO
Incentive Plans
Wellness Programs
Paid Volunteer Time Off
Tuition Reimbursement
Company
Horizon Blue Cross Blue Shield of New Jersey
Horizon Blue Cross Blue Shield of New Jersey is a company that provides health insurance products.
5001-10000 employees
H1B Sponsorship
Horizon Blue Cross Blue Shield of New Jersey has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (7)
2024 (7)
2023 (6)
2021 (1)
Funding
Current Stage
Late StageLeadership Team
Gary St. Hilaire
President & Chief Executive Officer
Recent News
2026-01-06
2025-12-29
2025-12-25
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