Senior Manager, Strategic Sourcing

Senior Manager, Strategic Sourcing (Boston, Hybrid or Remote)

At Edelman Financial Engines (EFE), our purpose is to guide people with the financial advice they need to thrive. 

We believe that every dollar saved represents a lifetime of hard work and aspirations, and every dollar invested has job to do for our clients. That’s why we are committed to managing our clients’ investments by truly understanding them as people first and then delivering advice, strategies and solutions to help them feel confident about the plans they are making, whether for today, tomorrow, or in the great unknown future. Our goal is to build long-term relationships based on respect, integrity, and a belief that our responsibility is to help people make smart investments decisions in every stage of their lives.

Our culture is grounded in our CORE values: Client First, One Team, Respectful Candor, and Endless Curiosity. These values guide everything we do, for our clients and each other. We are committed to moving forward together. If you are inspired by purpose-driven work and a collaborative, values-led culture, we invite you to explore a career with us.

As the Senior Strategic Sourcing Manager, you will offer support in mitigating risk and negotiating appropriate commercial terms. If you are an experienced procurement manager with proficient supply management, vendor management and overall vendor and contract redlining and negotiating experience - including project management and spend analytics - this could be the opportunity for you!

In addition to an earnest desire to help people, we are looking for the ideal candidate to complement the team’s existing talents. For this Senior Manager role, we are seeking a candidate with proven procurement experience who can work collaboratively across the organization. If you have strong negotiation skills and the ability to mitigate risk, this may be an opportunity for you!

Responsibilities:

• Proactively identify and implement efficiencies across the end-to-end Procure-to-Pay (P2P) process to enhance operational effectiveness.
• Lead procurement strategy and execution for key business categories including Facilities, Marketing, and Wealth Planning, ensuring alignment with organizational goals.
• Drive supplier innovation, cost optimization, and transformation initiatives to deliver measurable business value.
• Expertly negotiate and redline Professional Services Agreements, Statements of Work (SOWs), and technology/AI-related contracts, ensuring alignment with category-specific needs.
• Advise business stakeholders on procurement strategy, contract structure, and volume-based agreements; deliver utilization reports and define negotiation criteria to support compliance and budget management.
• Negotiate and implement supplier agreements with transparent, metric-driven fee structures that support business flexibility, including scalability during market downturns.
• Collaborate closely with internal Legal to review, approve, and finalize contract redlines and edits.
• Ensure timely and accurate creation, management, and closure of Purchase Orders (POs) for executed contracts; maintain contract records within SharePoint and ZYCUS (Procurement CRM platform).
• Contribute to the annual review and enhancement of corporate Procurement Policies and Procedures, including Vendor Risk Management frameworks.
• Effectively prioritize and communicate and follow up with stakeholders to ensure accountability and leadership oversight for critical contracts supporting firm-wide operations.
• Prepare and deliver executive-level presentations on high-impact contracts and procurement initiatives using PowerPoint.

Requirements:

• Demonstrate expertise in negotiating supplier contracts that optimize terms while mitigating financial and operational risk.
• Technically proficient in Procure-to-Pay (P2P) systems and Microsoft Office Suite, with advanced skills in Excel and PowerPoint.
• Proven ability to manage multiple priorities effectively in a fast-paced