Sourcing and Contract Manager

Sourcing & Contract Manager

The next part of your journey is right around the corner — with The Standard.

A genuine desire to make a difference in the lives of others is the foundation for everything we do. With a customer-first mindset and an intentional focus on building strong teams, we've been able to uphold our legacy of financial stability while investing in new, innovative technologies that support the needs of our customers. Our high-performance culture focused on operational excellence thrives thanks to remarkable people united by compassion and a customer-first commitment.

Are you ready to make a difference?

The Sourcing & Contract Manager is responsible for leading sourcing, procurement, and contract management activities that support the organization's strategic and operational objectives. This role partners closely with internal stakeholders to procure products, services, and professional services while mitigating supplier-related risks and ensuring regulatory compliance. The position manages the end-to-end sourcing process, negotiates contracts and commercial terms, and drives value through cost savings, supplier performance, stakeholder satisfaction and risk management.

As a trusted advisor, the Sourcing & Contract Manager collaborates across business functions to develop sourcing strategies, evaluate suppliers, and deliver effective procurement solutions aligned to business needs. Additionally, the role leverages market intelligence and industry insights to support informed decision-making and continuous process improvement.

• Lead the end-to-end sourcing and procurement process, including RFx activities, supplier evaluation and selection, and purchasing/negotiation strategy execution.
• Develop, review, negotiate, and manage supplier contracts, master level agreements, statements of work, service agreements, amendments, renewals, and terminations in accordance with company policies and procedures.
• Partner with business stakeholders and cross-functional teams to identify requirements, provide procurement guidance, and deliver cost-effective solutions that balance business needs and organizational objectives.
• Assess and mitigate supplier-related risks by collaborating with due diligence partners such as Legal & Compliance, Information Security, Third-Party Risk Management, and other key partners to ensure regulatory and policy compliance.
• Drive supplier performance, cost savings, and process improvements by utilizing market intelligence, supplier competition, analyzing data and trends, and recommending strategic sourcing opportunities.

Education:

High School Diploma required. Bachelor's degree in business or related field is preferred.

Experience:

3-5 years of experience in contract negotiations/management, sourcing, procurement, and/or supply management.

• In depth knowledge of Procurement and contract negotiation strategy, processes, systems/tools and procurement/supplier management best practices.
• Proven negotiation, contracting and project management skills with the ability to lead and prioritize activities.
• Experience in negotiation of assets, outsourced service, hardware and software/Cloud, and professional services contracts.
• Experience supporting technology, professional services, and outsourced service agreements
• Proficient in the use of MS SharePoint, Excel, Word and PowerPoint, and at workload and time management.
• Proficient skillset in analyzing cost data, research market trends, identify best practices, and manage supporting contract development activities.
• Preferred professional licensure or certification: CPSM, C.P.M., CPIM, or CSCP or equivalent certification is strongly preferred.

• Driving Success:
  Acts with urgency, pursues ambitious goals and shows resilience in the face of obstacles and setbacks.
• Adaptability:
  Sees possibilities in changing circumstances, accepts and understands change and alters behavior as necessary.
• Improvement Mindset:
  Continually seeks new ways to create business/ customer value by identifying and implementing opportunities for improved efficiency, effectiveness and innovation.
• Customer Focus:
  Understands and anticipates both internal and external customer needs and develops customer-inspired solutions that exceed expectations.
• Winning Together:
  Actively engages colleagues to achieve shared outcomes by developing trust, inviting diverse perspectives and pushing to bring the best ideas forward.

We have built an enduring legacy of stability, financial strength and exceptional customer service through the contributions of the service-oriented people who choose to work at The Standard. To ensure we can attract and retain the best talent, when you join The Standard you can expect:

• A rich benefits package including medical, dental, vision and a 401(k) plan with matching company contributions
• An annual incentive bonus plan
• Generous paid time off including 11…