Sr. Procurement Specialist (Remote Opportunity)

About Wealth Enhancement Group

Wealth Enhancement Group is an independent wealth management firm with an endless passion for enriching the lives of our clients. We continually seek to perfect our craft of personalized financial planning with our team-based Roundtable and UniFi processes that go far beyond the standard approach. We proudly provide unique financial plans and investment management services to over 55,000 households from our over 100 offices - and growing - nationwide.

Since 1997, Wealth Enhancement Group has tirelessly raised the standard of wealth management with specialized knowledge and more attentive service that helps every client craft their future. For more information, please visit www.wealthenhancement.com.

Due to growth, we are looking for a Sr. Procurement Specialist to execute category strategies throughout all phases of the vendor lifecycle in collaboration with leadership across the business. The scope of the role will span across several indirect procurement categories, potentially including (but not limited to) Technology, Facilities, Professional Services, Marketing, and Travel. (This role is a remote opportunity.)

The salary target for this role is $110,000.00 - $120,000.00 depending on experience.

We select our initial compensation target using national compensation survey data. When we make an offer, we then factor in things like tenure, performance, and geographic location to come up with the most accurate numbers. We encourage you to apply and provide us with your compensation expectations when you do. We’re big on open conversations, so, let’s have one. 

Primary Job Functions

Category Management

• Maintains in-depth understanding of categories they lead, including supplier portfolio, capabilities, risk profiles, market trends, and areas of opportunity

• Manages performance of suppliers within categories they lead, including supplier score carding and business reviews

• Applies critical thinking and a strategic mindset to identify category opportunities

Strategic Planning

• Meets routinely with business unit leadership to understand their strategic objectives and near/long term plans

• Collaborates with business units to incorporate procurement initiatives into forward-looking category roadmaps of existing contracts and planned projects

• Ensures ongoing review and optimization of category plan as a key enabler to WEG’s business success

Leading Negotiations & Sourcing Events

• Spearheads vendor interactions on behalf of WEG, including direct negotiations, RFx, and supplier performance reviews

• Maintains internal alignment on initiative objectives, action items, and timeline

• Makes strategic recommendations on market opportunities, negotiation tactics, and points of leverage to deliver best results for WEG

• Executes tasks, creates deliverables, and applies administrative support to ensure initiatives are delivered timely, completely, and in alignment with WEG’s evolving processes

Contract Review

• Reviews proposed terms and conditions pursuant to potential vendor engagements

• Utilizes subject matter expertise to recommend contract language improvements on both legal and business terms in alignment with desired positions and outcomes

• Develops contractual strategies that deliver business need with minimum risk

• Leverages contract management system for contract storage and research

Cross-Functional Collaboration

• Serves as primary owner of initiatives, driving project team activities through completion

• Single point of contact for business owner, facilitating interaction with other internal/external stakeholders to deliver desired business outcomes

• Extensive collaboration with Legal, IT Security, Finance, and other risk control groups to mitigate risk in vendor engagements

Education/Qualifications

• Bachelor's Degree in business or related field

• At least 5 years’ experience leading enterprise negotiations

• Experience leading negotiations in multiple indirect categories, including Technology, Facilities, Professional Services, Marketing, and Travel

• Confidently interfaces with senior leadership level counterparts, both internally and externally

• Superior verbal and written communication skills

• Advanced analytical skills

• Proficient with Microsoft Office Suite or related software

• Experience with contract lifecycle management, sourcing workflow, and procure to pay systems

IND123

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Comprehensive Benefits Offerings

Our benefits aim to balance four key elements that make life and work meaningful: health and wellness, financial well-being, professional development, and work/life harmony. You may participate in the following benefits & development opportunities:

• Training and professional development

• Medical and dental coverage

• 401k – with match and profit sharing

• Health care spending and savings accounts

• Dependent care spending account

• Vision coverage

• Wellness programs and resources

• Life insurance – employer paid

• Short-term and long-term disability – employer paid

• Paid Time Off

• 10 paid holidays each year

• Paid parental leave

• Tuition reimbursement

Should you need reasonable accommodation when completing the application form or during the selection process, contact the Human Resources Department at 763-417-1700

Information provided on this application will be kept confidential and only be shared with those involved in the selection process.

Equal Opportunity Employer, including disabled and veterans. This organization participates in E-Verify.

Click the following link to view Federal and E-Verify posters: Link

OSHA Requirements: This position requires the ability to stand or sit for long periods of time, file documents in high or low cabinets, to use the telephone and to use the computer systems.