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Horizon Blue Cross Blue Shield of New Jersey empowers our members to achieve their best health. For over 90 years, we have been New Jersey's health solutions leader driving innovations that improve health care quality, affordability, and member experience. Our members are our neighbors, our friends, and our families. It is this understanding that drives us to better serve and care for the 3.5 million people who place their trust in us. We pride ourselves on our best-in-class employees and strive to maintain an innovative and inclusive environment that allows them to thrive. When our employees bring their best and succeed, the Company succeeds.
This position is responsible for researching and developing sources of supply for various commodities and delivering corporate-wide sourcing savings that meet or exceed fiscal year targets. The incumbent provides overall leadership of cross-organizational teams that develop and execute sourcing initiatives. This position develops policies, procedures and drives cost management methodologies and practices throughout the organization. The position partners with Legal Affairs and divisional vendor management groups in the selection, development, and negotiation of high dollar value/high risk contracts.
Serve as a strategic partner to key business leaders, addressing needs and challenges while securing support for sourcing and costmanagement initiatives. Drive continuous improvement of procurement processes across the enterprise to enhance efficiency and effectiveness. Partner with internal stakeholders to integrate procurement policies, procedures, and best practices into routine business operations. Support the development and execution of the overall commodity strategy, identifying opportunities for improvement, optimization, and expansion. Provide oversight for enterprisewide sourcing projects throughout the full sourcing lifecycle. Lead crossfunctional sourcing initiatives, including new contracts, onboarding new suppliers, managing demand or specification changes, and implementing workflow enhancements. Analyze procurement data-including cost analysis, benchmarking, spend analysis, and competitive bid information-to drive value, maximize supplier ROI, and inform strategic sourcing decisions. Manage supplier selection activities, leveraging RFx tools and processes to support strategic sourcing and ensure adherence to timelines. Build and maintain strong supplier relationships by applying suppliermanagement best practices throughout negotiation, contracting, onboarding, performance evaluation, and renewal cycles. Collaborate with the Manager, Sourcing & Supplier Management to develop annual sourcing and costmanagement plans. Serve as an escalation point and mentor for junior team members, providing guidance and leadership as needed. Support the Sourcing Manager and/or Director with special projects and additional responsibilities as assigned. Promote inclusion of local and diverse suppliers by actively sourcing from community organizations, chambers, and networks, and by advocating for their engagement with internal business partners.
Education/Experience
Minimum Highschool diploma or GED Prefers an MBA degree. Minimum 8 years of experience in strategic sourcing or procurement Minimum 5 years of experience in RFP development and contract negotiation Proven experience leading complex contract negotiations Strong background in IT sourcing, including IT professional services and IT security
Additional Licensing, Certifications, Registrations
Skills
Strong analytical thinking and problemsolving abilities Excellent oral, written, listening, and interpersonal communication skills Proficiency with Microsoft Office applications Familiarity with eProcurement tools such as Workday, Icertis, or Cognos Exceptional project management skills, with experience leading large, complex initiatives with multiple interdependent workstreams Strong negotiation capabilities with proven success in highimpact contracting Detailoriented, selfmotivated, and capable of working independently Ability to consult with business partners to define requirements and guide sourcing strategy Customerfocused mindset with outstanding relationshipbuilding skills Ability to manage multiple projects simultaneously and perform effectively in a fastpaced, ondemand environment
Knowledge
Advanced understanding of contract negotiation strategies, principles, and processes Preferred: Knowledge of the healthcare industry, legal contracting practices, finance, technology, and Workday
Horizon BCBSNJ employees must live in New Jersey, New York, Pennsylvania, Connecticut or Delaware Salary Range: $97,800 - $133,455
This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions, including but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. This range has been created in good faith based on information known to Horizon at the time of posting. Compensation decisions are dependent on the circumstances of each case. Horizon also provides a comprehensive compensation and benefits package which includes:
Disclaimer: This job summary has been designed to indicate the general nature and level of work performed by colleagues within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of colleagues assigned to this job. Horizon Blue Cross Blue Shield of New Jersey is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or status as an individual with a disability and any other protected class as required by federal, state or local law. Horizon will consider reasonable accommodation requests as part of the recruiting and hiring process.
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