eProcurement Effectiveness Manager

Requisition Number: 74646

Position Title:

External Description:

Role Summary

Conducts activities to support the end-to-end procurement process from request to payment. Identifies goods/services requirements, executes purchase orders, approves payments, and processes related transactions, etc. Maintains procurement systems/databases on approved vendors, pricing guidelines, etc. Provides analytics and reporting and recommend process improvements as needed. Liaises with business stakeholders to ensure agreed-upon requirements for services and outcomes are being met. At higher levels, develops, monitors, and/or administers an effective global process including policies, procedures, and systems. Conducts activities to identify potential vendor-related risks and manages mitigation or remediation activities.

Responsibilities

• Manages activities to support the end-to-end procurement process in a variety of activities ensuring that agreed-upon requirements for services and outcomes are met. Assigned projects of complex and/or of sizable financial scope. Communicates with business stakeholders during and after the process. Responsible for third-party risk assessments and reporting results to business units in support of business unit sourcing decisions.
• Processes large or complex procurement transactions based on procurement guidelines. Escalates requests out of guidelines. Obtains and analyzes large amount of evidence during vendor due diligence process.
• Resolves identified process gaps within technology systems and follows through to resolution/completion. Assists in developing system requirements or development priorities to capture newly developed procedures.
• Conducts standard market analyses and develops request for proposal and request for information templates, pricing assessments, and total cost modeling. Compiles findings, develops recommendations, and presents to senior staff or management for consideration. Reviews findings compiled by more junior team members for accuracy and quality and recommends process improvements.
• Supports the implementation and dissemination of procurement policies, procedures, systems, or third-party engagement models.
• Point-of-contact for all procurement inquiries, provide guidance, training as needed.

Qualifications

Required:

• Bachelor's degree or the equivalent combination of education and relevant experience AND
• 5+ years of total relevant work experience

Preferred:

• Experience with Coupa P2P
• Familiarity with contract language

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for full time remote work.

City:

State:

Community / Marketing Title: eProcurement Effectiveness Manager

Company Profile:

Location_formattedLocationLong: Maryland, US

CountryEEOText_Description: Commitment to Diversity, Equity, and Inclusion: We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day. Benefits: We invest in our people through a wide range of programs and benefits, including: • Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions • Flexible and remote work opportunities • Health care benefits (medical, dental, vision) • Tuition assistance • Wellness programs (fitness reimbursement, Employee Assistance Program) Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering. T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.