Director, Sourcing - Stellarus Product Division

Your Role

The Global Business Services team sources for all vendors and goods needed for Blue Shield of California and other entities under the Ascendiun holding company umbrella.   This role oversees Stellarus procurement and sourcing for the Product division of Stellarus.  The Director, Sourcing for Stellarus will report to the Sr. Director, IT Enterprise Sourcing.

In this role, you will be responsible for contracting for new products for Stellarus to commercialize in the marketplace and contracting with potential health plan customers.  This role is also to develop this contracting and sourcing muscle, as we build our product strategy.  Working closely with the VP, Product and Chief Technology Officer, this role will be responsible for supporting the commercialization contracting.   As new partnerships and health plan customers come on board, this role will be responsible for the sourcing, contract and procurement needs. 

Your Work

In this role, you will:

• Create and develop a program that will secure contracts and services for our Product Development team within Stellarus
• Maintain alignment with the corporate objectives and strategy to optimize business value through strategic, operational and transactional sourcing relationships
• Provide business sourcing strategic advice, consultation & business case development expertise
• Foster cooperation, communication and partnership to increase competition throughout the vendor supply chain including placing greater emphasis on relationship-building to facilitate and ensure collaboration. 
• Maximize vendor relationships to deliver value to our stakeholders and be managed to the same high-quality standards as those within Stellarus Product division
• Assess critical vendors' performance outcomes with stakeholders through quarterly business reviews. 
• Leverage semi-annual balance scorecards that measure business performance, security posture, financial viability and compliance and report out to Operating Committee/Audit Committee as requested/annually
• Operate as a trusted advisor to deliver on culture of affordability initiatives and furthering the supplier relationship management operating model and practice
• Support the company performance acceleration and transformation plan leveraging traditional procurement levers and strategies to develop, lead and execute multiple Tier 1 procurement initiatives including bolder North Star savings initiatives to deliver financial value creation of at least $5M-$10M in cost savings annually
• Manage the contracting enterprise Procurement sourcing initiatives, negotiations & deliverables management processes
• Execute any new corrective plan development and remediation timely. Self-assess, document process and controls, and engage with Internal Control Advisory Program quarterly to design any new internal control structure to have zero repeat audit findings
• Deliver a proactive schedule of sources and needed contracts for all IT services in a 1–3-year plan working with Executive leadership for Stellarus - IT division 

Your Knowledge and Experience

• Requires a college degree or equivalent experience
• Requires at least 10 years of prior relevant experience, including 4 years of prior management experience with direct reports
• Requires prior experience in negotiating mulit-year service agreements with single contract values greater than $5M per year
• Requires prior supplier relationship management, business process outsourcing strategy and managing complex operations that are distributed globally
• Requires experience with IT sourcing on a global scale
• Requires one to be comfortable with sourcing for different financial entities
• Prior product sourcing/contracting for revenue generation preferred