Senior Manager - Strategic Sourcing

Senior Manager
- Strategic Sourcing

The Senior Manager
- Strategic Sourcing leads the organization's procurement, sourcing, and accounts payable (AP) functions to ensure strong financial stewardship, operational efficiency, and risk‑aware vendor relationships. This role oversees the end‑to‑end sourcing and purchasing lifecycle, while also ensuring timely, accurate, and well‑controlled vendor payments. The position leads and develops a team of vendor managers and procurement and AP professionals, aligning people, processes, and supplier strategy to deliver cost optimization, service excellence, regulatory compliance, and strong internal controls.

The position partners closely with Finance, Risk Management, Legal, IT, Compliance, and business leaders to ensure vendors meet credit union standards for security, performance, resilience, and value.

Our Credit Union founded in 1936 and has grown to serve members throughout Texas and beyond. At UFCU, we are more than just a financial institution, and our people are more than just employees. We are dedicated to our purpose of empowering our Members to achieve financial success and build brighter futures. In pursuit of our aspiration that UFCU is loved by millions of Members and built to thrive for generations, we are guided by our values:

Purposefully Member‑Obsessed

We are driven by a profound sense of empathy to deeply understand our Members' needs and preferences, what brighter futures means to them, and the obstacles in their way. We act in our Members' best interests, forever seeking to empower their financial success.

Possibilities Reimagined

We are inspired to courageously experiment, learn, and iterate in pursuit of positive impact for our Members, UFCU, and coworkers. We challenge assumptions, embrace diverse perspectives, and make use of data and insights.

Performance Excellence Rooted in Unwavering Integrity

We do the right thing, always. We champion teamwork, accountability, continuous improvement, and celebrate successful outcomes of others, fostering an inclusive environment of excellence and collaboration.

Essential Functions

Leadership & Cross‑Functional Partnership

• Develop, coach, and lead an effective, high‑performance procurement and AP team
• Set clear performance expectations and foster a culture of accountability and continuous improvement.
• Partner with Finance, Risk, Legal, IT, and business units to align sourcing and payment activities with enterprise strategy.
• Present procurement and AP insights, risks, and opportunities to leadership

Strategic Sourcing

• Develop and execute enterprise sourcing and procurement strategies aligned with organizational goals.
• Lead competitive sourcing initiatives (RFPs, RFIs, RFQs) to secure best‑value solutions.
• Oversee contract negotiations, including pricing, service levels, risk provisions, and termination terms.
• Partner with business owners to define requirements and ensure sourcing decisions meet operational needs.
• Establish category management, spend analytics, and savings tracking.

Procurement & Accounts Payable Operations

• Standardize procurement workflows, approval thresholds, and documentation.
• Promote ethical procurement practices and adherence to delegation‑of‑authority policies.
• Oversee end‑to‑end AP operations, including invoice intake, approvals, disbursements, reconciliations, and vendor inquiries.
• Ensure strong internal controls, segregation of duties, and audit readiness.
• Drive AP process optimization, automation, and electronic payments.
• Monitor AP metrics (aging, cycle time, exception rates, discount capture).

Vendor & Third‑Party Partnership Enablement

• Collaborate with vendor management and risk partners to support vendor onboarding, performance monitoring, and contract compliance.
• Support service performance reviews and vendor scorecards.
• Identify and elevate vendor‑related financial, operational, or compliance risks.
• Contribute to continuous improvement of vendor and procurement governance practices.

Governance, Compliance & Controls

• Maintain policies, procedures, and documentation for procurement and AP processes.
• Ensure compliance with internal policies, regulatory expectations, and audit requirements.
• Support…