Procurement Lead, Sourcing & Contract Management

Become a part of our caring community and help us put health firstThe Procurement Lead generates and implements efficient sourcing and category management strategies. Leads a team(s) of direct reports in providing strategic value to assigned internal customer(s) that include the following:

Oversees the approval of contracts by managing intricate decision-making processes, renewals, and amendments. Monitors internal compliance with contracts, authorizes D2PO, manages reporting, and maintains the database. Drafts, reviews, negotiates and provides advice on businesses with legal risks associated with contracts for purchasing goods and services. Handles problem resolution across a broad spectrum, from administrative to complex issues. Manages contract governance, focusing on strategic oversight, risk management, compliance, and performance optimization. Provides consultancy and information for supplier contract management activities related to the operational administration of contract negotiations.

Responsible for collaborating with internal key stakeholders and category management to streamline complex sourcing activities, Total Cost of Ownership negotiation, create sourcing documents, execute supplier evaluations, and negotiate—guide business requestors in following the sourcing management process (SMP). Develop and implement effective sourcing and contract management strategies. Serve as the subject matter expert for legal and business contractual terms and act as a liaison between the Humana business units for Law, Audit, and Risk matters.

Manage queue of assigned tasks, respond timely to all requests, compliance with policy/procedures, partner with functional groups to understand contract standards and fallback positions, timely and professional contract negotiations with suppliers.

People management :Overseeing and training a team of professionals to spearhead consistent and forward-thinking initiatives. Ensuring team members' adherence to company policies, procedures, and regulatory requirements in all sourcing and contracting activities.Guiding team members to collaborate with internal stakeholders to meet their sourcing and contract management needs. Solicit interest from team members who desire to switch categories and cross-train on new areas of expertise. Simultaneously manage an assigned team contractor resource, to support the review/negotiation of Direct to Contract Management work and Mergers & Acquisitions Work.Team management :Support internal stakeholders and category management by guiding sourcing and contracting processes. Address inquiries and escalations and liaise for complex sourcing activities, legal and business decision-making, and individual professional development. Arranging periodic retraining sessions on sourcing and contract management-related topics.Keep abreast of industry trends and best practices in sourcing and contracting to foster innovation and efficiency. Take the lead in steering cross-functional teams in developing and executing sourcing and contracting initiatives, emphasizing Business with Legal Risk provisions. Additionally, serves as a peer reviewer/drafter to ensure compliance with business with legal language proposed by external departments or suppliers.Sourcing and Contract Management:Monitor sourcing and contract management workloads and dashboards across all supporting categories of purchase. Periodically recommend realignment opportunities to the Director to balance volume and cycle time. Assist the Director in annual performance and salary planning processes.Facilitate coordination across the team: assist the Director in collaborating with the leaders of the sourcing and contracting teams in EPSM to ensure seamless teamwork and proactive issue resolution.Review contract: manage and serve as the leading contract expert for designated purchase categories.Develop and implement processes: lead the creation, testing, and implementation of methods for tools and workflows used within EPSM and other relevant due diligence groups.Enhance contract template quality: continuously review and enhance contract templates and content while primarily drafting commercial language for our contract documents across all categories and due diligence areas. Agreement types include: master service agreements (MSA), business associate agreements (BAA), delegated services agreements, statements of work (SOW), nondisclosure agreements (NDA), service level agreements (SLA), software license agreements, and related third-party contracts.Sourcing and Contract Management Point of Contact (POC): acts as the business with legal risk provisions expert. Responsible for providing guidance and advice on compliance issues within their respective areas.Training:Develop, oversee, and conduct training for new direct reports and act as the main point of contact for training-related materials, subjects, and clarifications.Develop, deliver, or oversee training for contract management, sourcing management process (SMP), compliance, and other business issues involving legal risks.Strategic work:Support the director in strategic discussions concerning contract templates, language, negotiation positions, data analytics, and the impact of data on Humana’s work processes and workflow. Additionally, participate in discussions about establishing criteria for evaluating and managing suppliers and assessing their resulting contracts and performance guarantees.Exercise independent judgment and decision-making in resolving complex issues related to job duties and associated tasks, working with minimal supervision.Decision making:Supplier Contract Management – Encourage business requestors to use Humana's templates, incorporate due diligence requirements into sourcing activities, and communicate risk exposure to our business partners. Extensive contracting expertise in various procurement categories and relevant contract law about direct reports, contractors, and the legal department as necessary. Participate in decisions about preferred suppliers and maintain policies and language for these categories. Sourcing Strategy: led cross-functional teams in implementing the Sourcing Management Process for case resolution. As a subject matter expert, influence overall enterprise/category strategy development and develop negotiation strategies. Process Flow: develop processes related to sourcing and contract management, provide input on workflow processes, and oversee the content of supplier contract templates. Coordinate with legal, compliance, privacy, and risk departments to establish and update standard contractual language.Cross-functional communication and influence: serving as a connection point between the department, designated staff, and other teams:a) Collaborating with Category Team leaders to standardize contracting best practices, including templates and legal risk provisions.b) Acting as the primary contact for complex sourcing activities.c) Consulting with the legal and privacy departments to guide and contribute to implementing major and minor compliance-related issues affecting the entire enterprise.d) Delivering presentations to Enterprise Risk Management, Legal, Compliance, Medicaid, and Medicare departments to educate vendor managers on procurement processes and their interaction with multiple compliance controls.Leadership role: directly manage a team of sourcing and contract management resources. Simultaneously oversee a team of contracted resources responsible for managing the review and negotiation of Direct to Sourcing & Contract Management Procurement and Mergers & Acquisitions Work. Take charge of the daily supervision and advancement of a significant, permanent team sub-process (e.g., Department-wide onboarding training, Offshore oversight, M&A leadership, and process development).Use your skills to make an impactRequired Qualifications

Bachelor’s degree in business, Supply Chain/Procurement, or related field from an accredited University

4 years of people management experience

5 years of contracting and negotiating commercial terms and conditions, procurement, and/or legal experience.

Advanced understanding of negotiating, redlining, and interpreting legal and commercial provisions.

Advanced understanding of the sourcing and procurement processes with soliciting, awarding, and onboarding new and existing suppliers.

Preferred Qualifications

Healthcare and /or highly regulated industry commercial legislation knowledge.

Coupa, aSSIST, iCertis knowledge.

Additional InformationSSN Alert StatementHumana values personal identity protection. Please be aware that applicants may be asked to provide their Social Security Number, if it is not already on file. When required, an email will be sent from Humana@myworkday.com with instructions on how to add the information into your official application on Humana’s secure website.Interview FormatAs part of our hiring process for this opportunity, we will be using an interviewing technology called HireVue to enhance our hiring and decision-making ability. HireVue allows us to quickly connect and gain valuable information from you pertaining to your relevant skills and experience at a time that is best for your schedule.WAH Internet StatementTo ensure Home or Hybrid Home/Office employees’ ability to work effectively, the self-provided internet service of Home or Hybrid Home/Office employees must meet the following criteria:At minimum, a download speed of 25 Mbps and an upload speed of 10 Mbps is recommended; wireless, wired cable or DSL connection is suggestedSatellite, cellular and microwave connection can be used only if approved by leadershipEmployees who live and work from Home in the state of California, Illinois, Montana, or South Dakota will be provided a bi-weekly payment for their internet expense.Humana will provide Home or Hybrid Home/Office employees with telephone equipment appropriate to meet the business requirements for their position/job.Work from a dedicated space lacking ongoing interruptions to protect member PHI / HIPAA informationScheduled Weekly Hours40Pay RangeThe compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.$102,200 - $140,700 per yearThis job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.Description of BenefitsHumana, Inc. and its affiliated subsidiaries (collectively, “Humana”) offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, volunteer time off, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.About usHumana Inc. (NYSE: HUM) is committed to putting health first – for our teammates, our customers and our company. Through our Humana insurance services and CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.Equal Opportunity EmployerIt is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or veteran status. It is also the policy of Humana to take affirmative action to employ and to advance in employment, all persons regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.Humana complies with all applicable federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, sex, sexual orientation, gender identity or religion. We also provide free language interpreter services. See our https://www.humana.com/legal/accessibility-resources?source=HumanaWebsite.