Associate Director, Sourcing and Procurement

About Acadia Pharmaceuticals

Acadia is committed to turning scientific promise into meaningful innovation that makes the difference for underserved neurological and rare disease communities around the world. Our commercial portfolio includes the first and only FDA-approved treatments for Parkinson's disease psychosis and Rett syndrome. We are developing the next wave of therapeutic advancements with a robust and diverse pipeline that includes mid- to late-stage programs in Alzheimer's disease psychosis and Lewy body dementia psychosis, along with earlier-stage programs that address other underserved patient needs.

At Acadia, we're here to be their difference.

Please note that this position can be based in San Diego, CA, OR Princeton, NJ. Acadia s hybrid model requires this role to work in our office three days per week on average.

This position will be part of the Acadia Sourcing & Procurement team, leading the development of sourcing strategies for all raw materials and formulation sourcing subcategories. Responsibilities include leadership and operational management of strategic sourcing activities to ensure the right capabilities, guidance, resources, and accountabilities are in place and development and implementation of category management plans. This position leads the identification, assessment, selection, negotiation, execution of contracts and relationship with key vendors, and will contribute to the corporate sourcing & procurement processes, compliance reporting and financial tracking.

It will also be responsible for benchmarking top vendors and building direct material vendor partnership roadmaps. This role is based in San Diego, CA or Princeton, NJ.

• Develop both immediate & long-term global sourcing strategies including potential vendor risk mitigation plans for Acadia drug substance and development teams
• Lead the efforts to monitor and improve key vendor performance including implementing supplier KPIs
• Proactively work with business stakeholders to identify their sourcing need & responsible for the negotiations & executions of all top vendor contracts
• Strong track record of identifying saving opportunities and executing sourcing projects
• Able to assess and benchmark existing vendors in pharma industry is highly preferred.
• Collaborate with manufacturing/quality teams to identify/monitor/mitigate supply chain risks proactively
• Work closely with the rest of the Sourcing team to align and improve current sourcing processes.
• Collaborate with financial planning team on vendor cost forecasting, budgeting, and saving validation

• 10+ yrs sourcing experience and category knowledge of drug substance/APIs & excipients in a pharma
• Experience working with international vendors and work in their time zones as needed
• Deep understandings of pharma/biotech supply chain, quality, and regulatory requirements
• Strong vendor spend data analysis skill and financial reporting capabilities
• Proficient system knowledge of S2P(Coupa), ERP (Net Suite) and MS tools such as Smartsheet
• Familiarity with sourcing saving report methodology and associated tools such as Smartsheet
• BS/BA or equivalent combination of relevant education

• Ability to take initiative, be flexible, exercise good judgment, interface with all levels of management
• Excellent "attention to detail" skills to ensure the most efficient contract solutions are achieved
• Willing to go beyond and look for new innovative ways to bring in tangible results/savings
• Strong negotiation, influencing, and conflict resolution skills
• Ability to interpret and comprehend contract documentation
• Available for up to 10% domestic or international travel as needed

This role involves regular standing, walking, sitting, and the use of hands for handling or operating equipment. The employee may also need to reach, climb, balance, stoop, kneel, crouch, and maintain visual, verbal, and auditory communication in a standard office environment and while working independently from remote locations. The employee must occasionally lift and/or move up to 20 pounds. This position requires the ability to travel independently overnight and/or work after hours as required by travel schedules or business needs.

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In addition to a competitive base salary, this position is also eligible for discretionary bonus and equity awards based on factors such as individual and organizational performance. Actual amounts will vary depending on experience, performance, and location.

Salary Range

$141,100 — $176,400 USD

• Competitive base, bonus, new hire and ongoing equity packages
• Medical, dental, and vision insurance
• Employer-paid life, disability, business travel and EAP coverage
• 401(k) Plan with a fully vested company match 1:1 up to 5%
• Employee Stock Purchase Plan with a 2-year purchase price lock-in
• 15+ vacation days
• 13
  -15 paid holidays, including…