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ManipalCigna Health Insurance
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Associate Director of Category Management & Strategic Sourcing

Associate Director of Category Management & Strategic Sourcing

ManipalCigna Health Insurance

3 - 5 years

5 - 7 Lacs

hyderabad

Posted:5 hours ago| Platform:

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Skills Required

relationship management health insurance due diligence rf process improvement cost reduction strategic sourcing business strategy us healthcare monitoring

Work Mode

Work from Office

Job Type

Full Time

Job Description

ABOUT EVERNORTH:

Evernorth exists to elevate health for all, because we believe health is the starting point for human potential and progress. As champions for affordable, predictable and simple health care,
we solve the problems others don t, won t or can t.

Our innovation hub in India will allow us to work with the right talent, expand our global footprint, improve our competitive stance, and better deliver on our promises to stakeholders. We are passionate about making healthcare better by delivering world-class solutions that make a real difference.

We are always looking upward. And that starts with finding the right talent to help us get there.

Associate Director of Category Management & Strategic Sourcing

Position Overview

In this role, you will p rovide overall direction and leadership for our teams of category management and strategic sourcing professionals in Hyderabad . You will be a part of our Global Procurement, Third Party Management, & Shared Services (GPTPMS) organization , which provides procurement-related services to the great er Cigna Group organization . A key function of this position is m anaging teams to deliver procurement category strategies , driv ing business value through our suppliers, and providing negotiati on lead er ship for critical supplier contracts . This position will serve a critical role in establishing a Category Management and Strategic Sourcing (CMSS) presence within the innovation hub .

The Evernorth strategy is fully aligned with our business strategy , resulting in an opportunity for you to influence future procurement and sourcing direction for the hub , talent recruit ment and mentoring , and CMSS strategic direction at the hub , with the shared goal of evolving our world class procurement organization.

This is a hands-on position reporting to management within GPT PMS with visibility to the highest levels of the organization , who are motivated to see the successful results of our efforts and growth of our procurement excellence in the innovation hub .

Responsibilities

Lead teams of Category Management and Strategic Sourcing professionals across indirect procurement categori es

Manage overa ll category strategi c direction utilizing market conditions , business strategies, strategic importance, benchmark ing and other levers to drive value in assigned categories

Through business unit and partnerships, develop , and execute on sourcing opportunities driving cost savings, cost avoidance, risk reduction, enhanced business outcomes and improved service for suppliers across the enterprise

Provide leadership for teams to achieve contracting excellence in negotiations and drafting of master service agreements, statement s of work, amendments, and other contracts

Lead cross - functional teams to evaluate best in class suppliers through RF(x) market competitive events with the goal of optimizing supplier engagements

Be a go - to trusted advisor for your team in terms of coaching and mentorship on sourcing best practices, negotiation techniques, contract terms, commercial negotiations, procure -to-pay issues, and other procurement activities

Ensure consistent communication and project management with stakeholders of assigned sourcing intakes throughout the organization

Develop a strong understanding and forecast of key cost drivers and market factors in assigned categories through continuous research and monitoring.

Support continuou s improvement in all aspects of the sourcing and procurement process ; lia ise with the GPTPMS center of excellence organization in the US to ensure alignment with process, best practices, and talent strateg y

Maintain and promote sound relationships with suppliers, stakeholders and the business community . Liase with the US GPTPM S and Third - Party Management Teams when Supplier relationship or performance may factor into sourcing projects

As a leader, act as a change agent and demonstrate resiliency as changes occur.

Manage recruiting , onboarding , and training success o f new hires within GPTPMS in Hyder a bad to support building a core procurement capability

Be a point of escalation for your team for internal matrix partners , suppliers , and business stakeholders during sourcing activities , critical supplier negotiations, and other related activity

Qualifications

Required Skills :

Strong written and verbal communication skills with the ability to interact with all levels of the organization.

Strong skills in understanding legal and commercial supplier contract terms and conditions

Strong interpersonal/relationship management skills.

Strong time and project management skills.

Broad knowledge of all aspects of the Source to Pay lifecycle including onboarding, due diligence, contracting , and payment

Ability to identify opportunities for cost reduction and process improvement

Ability to interpret accounting practices, policies, regulatory requirements as they relate to the procurement process

Required Experience & Education :

1 6+ Years of relevant e xperience

At least 3-5 years in a leadership or managerial role

Experience with procurement and sourcing in an onshore/offshore model.

College degree (Bachelor) in related technical/business areas or equivalent work experience.

Experience in a broad range of indirect procurement categories; technology category experience preferred

Exposure to Ariba or similar Procurement systems and iCertis or similar Contract Lifecycle Management (CLM) systems

Experience working with a matrix organization and other internal partners to execute on goals

Desired Experience:

Experience in the health-related fields such as health services, health insurance, pharmacy benefits management, and

Experience with HIPAA , Business Associate Agreements (BAAs) , and other related US Healthcare concepts

Experience with Purchase Order terminology and Procure-to-Pay processes and industry standards

C oaching and mentoring of team members

Industry certifications such as SIG, CSCP, CPM or similar

Location & Hours of Work

Full-time position, working 40 hours per week. Expected overlap with US hours as appropriate

Primarily based in the Innovation Hub in Hyderabad, India in a hybrid working model (3 days WFO and 2 days WAH)

Equal Opportunity Statement

About Evernorth Health Services

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Associate Director of Category Management & Strategic Sourcing