Procurement Sourcing Specialist

Do you have experience in the health care/health insurance industry? Are you a dedicated procurement specialist with a passion for sourcing, supplier contracting, and purchasing? Would you enjoy supporting our Corporate Procurement team as a key team player? If so, read on and get ready to apply!

Job Summary

The position of Sourcing Specialist requires talented, experienced, professionals with good business acumen, legal acuity, product knowledge, project management and organization skills. These skills, combined with a suite of competencies designed to successfully navigate the enterprise and vendor community, are necessary to produce well-constructed, mid-complexity solutions and contracts containing sound financials, balanced risk and measurable vendor accountabilities. Candidate must be a self-starter who requires minimal supervision in performing assigned tasks and has the ability to comprehend legal, financial and business concepts. Candidate will ensure that contracts and payment terms are negotiated in accordance with established Florida Blue contract administration policies and procedures, including all regulatory requirements. Prepares management reporting to summarize the status of contract negotiations and provides information to aid in management decision-making.

What You Will Be Doing:

  • Interacting and collaborating well with internal stakeholders from Legal, Compliance, IT, Sales, Marketing and other functional business areas, as applicable, to:
  • Influence across all levels of management, including executive leadership
  • Lead business requirement gathering sessions
  • Document and prepare comprehensive bidding packages
  • Represent Florida Blue as the single point of contact with potential suppliers during the RFP process
  • Facilitate and lead onsite vendor presentations
  • Develop and facilitate the use of formal scoring matrices to support vendor selection
  • Maintaining strict compliance with corporate policies and procedures relating to Business Ethics and Code of Conduct, in addition to the specific procurement regulations established by the Federal Government.
  • Managing continuous process improvement by:
  • Proactively identifying and taking action to improve the applicable procurement processes
  • Identifying opportunities to increase internal business partners’ education and alignment and acting on ideas
  • Using and analyzing data to support improvement opportunities
  • Utilizes professional specialized expertise in technical, legal, business, procurement and asset management disciplines for the acquisition of tangible and non-tangible assets
  • Must be able to, with minimal supervision, determine the appropriate contracting approach to mid-complexity acquisition needs, as well as draft, present and negotiate all language within such contracts with stakeholders and vendors
  • Must possess a good working knowledge and understanding of legal, risk and business implications of contract language
  • Must be able to, with minimal supervision, accurately ascertain, manage the associated due diligence regarding, and contractually address the implications of FEP, CMS, State Group, HIPAA, HITECH, etc. requirements on any asset acquisition activity
  • Must be able to develop well thought out acquisition and negotiation strategies and execute with accuracy and agility
  • Must be able to articulate, defend and present contracting strategies and approaches (of both parties) with business stakeholders and management as necessary to gain support and buy-in on negotiating strategies and efforts
  • Must be able to construct professionally written executive summaries which articulate, in summary fashion, the initiative supported by the acquisition, the strategy, negotiation highlights, inherent risks and benefits, and financial landscape of mid-complexity contracting efforts
  • Must be able to handle multiple assignments and achieve goals and deadlines in a fast-paced environment
  • Must possess computer skills with the ability to grasp other software applications required to perform job duties
  • Must be detail and teamwork oriented with excellent organizational skills
  • The essential functions listed represent the major duties of this role, additional duties may be assigned.

What You Must Have:

  • Required Work Experience

5+ years related work experience. Experience Details: successful strategic sourcing and supplier contract negotiation experience in mid-to-high complexity projects and expenditure events. Experience with one or more spend categories including – SOFTWARE/TECHNOLOGY, BUSINESS PROCESS OUTSOURCING (BPO), PROFESSIONAL SERVICES, CONSULTING, MEMBER HEALTH PROGRAMS & SOLUTIONS, HEALTH PAYER OPERATIONS

  • Related Bachelor’s degree or additional related equivalent work experience related field

Additional Required Qualifications

Requires strategic as well as tactical knowledge of the RFP/Process Improvement to promote a change in procedural compliance.

Understands principals of procurement and supply management

Proven ability to drive organizational change

Proven ability to influence across matrix and at all levels of management, including executive level

Excellent written and verbal communication skills

Proven ability to lead cross functional teams

Excellent written and verbal communications skills with the ability to communicate effectively within an organization and diverse audiences

Solid contract drafting and terminology knowledge that includes understanding of subtleties of contract language, risk based language, contracting traps and pitfalls to avoid, document management and control, and legal acuity necessary to successfully negotiate mid-complexity contracts

For [Software], [Hardware], [Technology related Professional Services], possesses a good understanding of the IT Infrastructure related to computer hardware and software products to include servers, storage, networking, and software (including utilities, development and application)

For [Technology related Professional Services], [Business Process Outsourcing], [General Business Services], possesses a good understanding of human sourcing methodologies to include Consulting, Staff Augmentation, and in-sourcing

For [Business Process Outsourcing], possesses a good understanding of the business intricacies and details associated with establishing a BPO arrangement and accurately representing those details in the contract

For [Goods and Retail], possesses a good understanding of best practices for contracting to acquire goods for the organization as well as consumer products for resale or for distribution and fulfillment arrangements including an excellent working knowledge of product liability issues

Ability to multi-task and handle several assignments concurrently while still meeting deadlines

Ability to work independently, reviewing moderate to complex contract issues and recommending appropriate resolutions

Ability to comprehend complex problems where analysis of situations or data requires an in-depth evaluation of various factors

Strong organizational and time management skills.

General Physical Demands

Sedentary work: Exerting up to 10 pounds of force occasionally to move objects. Jobs are sedentary if traversing activities are required only occasionally.

What We Offer:

As a Florida Blue employee, you will thrive in our Be Well, Work Well, GuideWell culture where being well as an individual, and working well as a team, are both important in serving our members and communities.

To support your wellbeing, comprehensive benefits are offered. As an employee, you will have access to:

  • Medical, dental, vision, life and global travel health insurance;
  • Income protection benefits: life insurance, Short- and long-term disability programs;
  • Leave programs to support personal circumstances;
  • Retirement Savings Plan includes employer contribution and employer match;
  • Paid time off, volunteer time off, and 10 holidays
  • Additional voluntary benefits available; and
  • A comprehensive wellness program

Employee benefits are designed to align with federal and state employment laws. Benefits may vary based on the state in which work is performed. Benefits for intern, part-time and seasonal employees may differ.

To support your financial wellbeing, we offer competitive pay as well as opportunities for incentive or commission compensation. We also conduct regular annual reviews with pay for performance considerations for base pay increases.

Typical Annualized Hiring Range: $74,200 – $90,700

Annualized Salary Range: $74,200 – $120,500

Final pay will be determined with consideration of market competitiveness, internal equity, and the job-related knowledge, skills, training, and experience you bring.

We are an Equal Opportunity/Protected Veteran/Disabled Employer committed to creating a diverse, inclusive and equitable culture for our employees and communities.

Job Details

Posted By

Nicholas Fratto

Location

Florida Blue

Company Name

Florida Blue

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