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Open nowFirst seen 3 hours ago

Sourcing Manager

Pinnacle Bank, a Tennessee bank, d/b/a Synovus Bank159 open roles

Where
Columbus, GA, USA
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Your applicationOpen nowSourcing ManagerPinnacle Bank, a Tennessee bank, d/b/a Synovus Bank · Columbus, GA, USA

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  2. CV RocketCV written for this posting.

  3. 25 readersRecruiter, hiring manager, skeptic. Round after round.

  4. CV RocketApplied on Pinnacle Bank, a Tennessee bank, d/b/a Synovus Bank's own form.

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The clock on this job

Early applications get read.

12.8% of postings close within 7 days. Measured by our own scanner across the market. Pinnacle Bank, a Tennessee bank, d/b/a Synovus Bank postings stay open a median of 5 days.

Share of postings closed within
  1. 2.2%1 day
  2. 4.5%3 days
  3. 12.8%7 days
  4. 20.6%14 days
  5. 35.6%30 days
  6. 58.4%60 days
This job: first seen 3 hours ago

Pinnacle Bank, a Tennessee bank, d/b/a Synovus Bank median: 5 days open

The posting

Job Summary: Manages sourcing plans and activities for assigned product category from inception to completion. Works closely with line-of-business category owners in the negotiation of contacts. Leverages current and future business requirements, market intelligence and historical spend information as guidance in contract negotiations. Provides management with periodic reviews of spend reports, savings reports, and industry analyses. Develops category strategies that drive a simplified supply base, business value and cost reductions/savings. Works with line-of-business category owners regarding contract negotiations, and planning.

Job Duties and Responsibilities:

  • Works with business unit management or line-of-business (LOB) category owner to identify procurement needs and objectives including requirements and expectations around schedules, statements of work, and service level agreements. Ensures all business requirements are addressed in final contract or agreement.
  • Manages, drafts and negotiates contracts and agreements in accordance with established policies and procedures and utilizing industry best practices. Identifies and recommends savings to improve overall financial returns to the line-of-business and Pinnacle while balancing quality, and contracting goals. Works closely with risk partners including Legal, Compliance, Risk, and Information Security in negotiating contracts and in managing and outsourcing risk.
  • Researches and develops sources of supply for assigned categories. Creates and continuously refines sourcing strategies to optimize supplier base including supplier consolidation and standardization opportunities. Evaluates price trends, new products, service levels and processes.
  • Works with Procurement team members in the development of strategic sourcing plans and pipelines looking ahead one to two years. Works closely with Procurement Department team members in the evaluation of suppliers and the development of supplier selection criteria for each spend category as part of the overall procurement and business partner management strategy.
  • Maintains business partner relations and serves as a liaison between Pinnacle and suppliers for resolution of problems. Develops and reviews performance data with suppliers to implement continuous cost and quality improvements. Initiates corrective actions in the event of missed expectations.
  • Develops and refines sourcing processes, tools and templates that can be applied across all business partners and categories. Recommends systems and processes improvements to increase contract effectiveness. Maintains knowledge of industry trends and best practices.
  • Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.
  • Meet all the client's financial needs, both business and personal, and refer clients to other specialty areas such as Trust, Investments, Insurance, Treasury Management, etc. as appropriate.
  • Assist other team members as needed to ensure delivery of distinctive service.
  • Performs other related duties as required.

The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job

Pinnacle is an Equal Opportunity Employer committed to fostering an inclusive work environment.

Minimum Education: Bachelor's Degree in Business Administration or related discipline OR an equivalent combination of education and experience.

Minimum Experience: Six years of experience in a procurement sourcing role including negotiating contracts and working/collaborating with cross-functional teams. Sit Regularly

Required Knowledge, Skills & Abilities:

  • Stand or Walk Regularly
  • Talk and Hear Regularly
  • Climb, Bend, Kneel, Crouch, or Crawl Regularly
  • Ability to see objects up close or at a distance, use peripheral vision, identify basic colors
  • Use of Hands/ability to reach
  • Up to 10 pounds weight lifting/force exertion required
  • Weight/Force exertion required less than 25%
  • Travel required less than 10%
  • Valid Driver's License Required
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