Contract & Sourcing Consultant

Location US-IA-Des Moines
Job ID
Requires Non-Compete?

Job Summary

Wellmark is currently recruiting for a Contract & Sourcing Consultant to join our team.  In this role, you will lead contract negotiation and/or manage supplier relationships of moderate risk and/or complexity with impact to the business strategy. You will utilize procurement best practices to set negotiation strategy as appropriate with vendors/suppliers and control all aspects of the negotiation process and provide knowledge and expertise to customers and stakeholders to identify and deliver optimal business solutions. You will provide the analysis and acquisition of goods/services and software to create effective agreements.


Experience in IT sourcing would be a plus in this role.


Minimum Qualifications Required (all must be met to be considered)

  • Bachelor's Degree in Business Administration, Contract Law, Legal, Compliance, Supply Chain, or related field or direct and applicable work experience
  • Minimum 4 years of Procurement experience, including understanding of contracts
  • Strong negotiation skills and demonstrates a high degree of integrity
    • Demonstrated ability to develop and execute/lead negotiations that generate economic value and reduce business and legal risk
    • Strong familiarity with project management processes and methodology requirements
    • Demonstrated ability to utilize excellent time management and project management skills
  • Strong communication skills, both verbal and written
  • Demonstrated interpersonal skills, with the ability to positively influence, while building collaborative relationships
  • Ability to think strategically and pro-actively partner with the business to drive results, including advanced knowledge of the role of sourcing and contracting in meeting company goals, and how supply chain creates value for the enterprise with a good understanding of defined strategies

Hiring Specifications Preferred

  • Bachelor’s Degree in related field
  • IT sourcing experience
  • Prior compliance experience, including application of risk assessment, procurement contracting provisions and contracting processes and how to leverage optimal outcomes with long-term best value results
  • Prior vendor management experience, including evaluating performance metrics 
  • Prior contract experience in a highly regulated industry

Job Accountabilities

a. Develop and implement strategic sourcing strategies to meet enterprisewide objectives. Consult with customers and stakeholders to identify and deliver optimal business solutions. Conduct analysis of supplier contracts and identify inconsistencies with standard templates, business goals and market initiatives.

b. Execute the endtoend strategic sourcing process for assigned commodities and services, which includes gathering data, conducting market research, benchmarking and identifying potential vendors, and recommending the optimal procurement approach RFI, RFP, reverse eAuction, etc.. Ensure the standard process for Requests for Information, Requests for Proposals, and contract documentation is consistently followed.

c. Partner with stakeholders to issue and evaluate RFI/RFPs to ensure successful implementation of enterprise agreements and act as a resource for coordinating sourcing efforts across the organization. Create and issue the procurement documents facilitate the procurement approach. Analyze vendor responses, create vendor scorecards and facilitate discussions with business decision makers. Respond to questions from vendors, and internal business customers related to the request for information and/or proposal, and requisition process.

d. Set negotiation strategy for vendors/suppliers as appropriate and control all aspects of the negotiation process. Conduct vendor negotiations and facilitate contract signatures implement vendor contracts. Support acquisitions including negotiation reassignment, due diligence participation, and review of closing agreements.

e. Participate in strategic supply chain and business change initiatives in order to drive both administrative and medical expense reduction.

f. Monitor supplier relationship process compliance as appropriate. Coordinate and administer review of new vendor contract agreements, assessing the performance of key vendors and developing vendor improvement plans to support the continued focus on delivering improved value.

g. Coordinate internal executive and vendor execution of legal contracts, statements of work, change orders, addendums, and other required legal documents. Customize legal contract language to proactively anticipate technology, market and business issues. Draft standard contract terms and conditions and summary overview of terms and conditions.

h. Maintain relationships with potential and existing vendors, such as coordinating vendor presentations and conference calls, and obtain purchasing reports from diversity vendors. Establish and maintain a good rapport with executive management, vendors, and third party leasers/suppliers to optimize negotiation, savings and service improvements and problem resolution.

i. Support cross functional project coordination and internal process compliance with corporate policies, particularly the purchasing policy.

j. Other duties as assigned.


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