Procurement Sourcing Category Strategist

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

Job Description:

At Regions, the Procurement Sourcing Category Strategist provides day-to-day management and execution of Sourcing initiatives within a cross functional team. With minimal guidance, this position will generally have responsibility for leading certain expense reduction efforts and associated vendor related engagements and negotiations for certain business units or strategic categories to effectively support the delivery of business outcomes. Associates in this role interact daily with senior and executive level associates within business units to accomplish objectives.

Primary Responsibilities

• Negotiates contracts with service providers that deliver effective business outcomes to include negotiations of SLA’s, terms, risk components, and fee structure
• Directs and oversees negotiations with good interpersonal and communication skills, to deliver a desired result
• Communicates clearly and effectively within a working team to foster collaboration
• Utilizes strategic sourcing approach to determine and prepare request for proposals (RFP)/competitive bid requirements, solicit responses, analyze responses, prepare recommendation and negotiate contracts to enhance efficiencies and reduce costs
• Executes the bank’s competitive bidding process and lead strategic sourcing activities for assigned areas
• Develops cross-functional teams, business objectives, identify bidding suppliers, set up the RFP in the bank’s P2P system, execute the RFP / competitive bid with suppliers, negotiate contracts and work with business stakeholders to develop recommendations
• Partners with key stakeholders and senior leaders in proactively identifying expense reduction opportunities as it relates to suppliers
• Analyzes market industry conditions and develops plans to procure goods not related to information technology vendors
• Communicates corporate procurement standards to vendors and business partners
• Completes and executes RFPs and/or contracts that meet the company’s legal and business requirements
• Offers advice and guidance to junior consultants on occasion
• May partner with Procurement Strategic Sourcing Technology Consultant on projects

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. 

Requirements

• Bachelor’s degree in Business, Supply Chain/Engineering, Procurement, or related field and five (5) years of experience in procurement or related field
• Or High School Diploma or GED and nine (9) years of experience in procurement or related field

Preferences

• Professional certification in Supply Chain, Procurement, or related field
• Master of Business Administration (MBA) or related degree

Skills and Competencies

• Ability to lead associates to desired outcomes through influence and buy-in
• Ability to learn additional systems as needed
• Ability to research, analyze data, and derive facts
• Ability to work in a team environment when applicable
• Ability to work under pressure and meet deadlines
• Demonstrated negotiation skills
• Demonstrated ability to execute RFPs and/or competitive bids
• Demonstrated ability to negotiate with suppliers and internal customers to maximize value, ensure standardization, successfully resolve disputes, and drive optimal outcomes
• Developed relationship-building skills
• Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
• Strong verbal, written communication, and organizational skills
• Strong work ethic and self-motivation

This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.

This position is currently offsite and associates will work from their home primarily. They may be expected to go on site for meetings or other events as needed.

Position Type

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

Median:

Incentive Pay Plans:

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

https://www.regions.com/welcometour/benefits.rf

Location Details

Location:

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.