Strategic Sourcing Specialist

Duties & Responsibilities

Strategic Sourcing Execution

• Lead the operational execution of competitive sourcing initiatives across enterprise procurement categories, including RFIs, RFPs, RFQs, supplier evaluations, and other market engagement activities.

• Translate approved category and sourcing strategies into structured sourcing plans, event timelines, supplier communications, evaluation frameworks, and procurement documentation.

• Manage sourcing events from launch through evaluation and recommendation, ensuring fairness, transparency, competition, and adherence to established procurement methodologies.

• Coordinate supplier questions, proposal submissions, presentations, clarification sessions, and evaluation activities throughout the sourcing lifecycle.

• Partner with Category Managers to ensure sourcing execution remains aligned with business objectives, commercial strategy, risk requirements, and desired business outcomes.

Commercial Analysis & Supplier Evaluation

• Analyze supplier proposals, pricing submissions, commercial terms, service models, and evaluation results to support objective supplier selection decisions.

• Develop bid comparison models, total cost analyses, pricing summaries, scenario comparisons, and commercial evaluation materials that clearly identify value opportunities and tradeoffs.

• Support Category Management in identifying commercial risks, negotiation opportunities, supplier dependencies, and potential value levers.

• Prepare sourcing recommendations and supporting analyses for stakeholder and leadership review in accordance with procurement governance requirements.

• Coordinate supplier due diligence and required risk inputs with appropriate enterprise stakeholders before recommendation and award.

Market Intelligence & Sourcing Insights

• Conduct supplier market research to identify qualified suppliers, emerging providers, competitive alternatives, and relevant market developments.

• Develop supplier profiles, capability assessments, market scans, and benchmarking inputs that strengthen sourcing strategies and commercial negotiations.

• Partner with the Procurement Intelligence Analyst to leverage spend analytics, pricing intelligence, supplier data, and market insights throughout sourcing engagements.

• Monitor supplier markets, pricing trends, technology developments, and sourcing practices that may create opportunities for increased competition, innovation, or value.

• Document and share sourcing insights and lessons learned to improve future sourcing strategies and enterprise procurement knowledge.

Sourcing Project & Stakeholder Management

• Coordinate cross-functional sourcing teams involving Category Management, business stakeholders, Legal, Finance, Compliance, Information Technology, Risk, and other subject matter experts as required.

• Establish sourcing project plans, milestones, responsibilities, evaluation schedules, and decision points and proactively manage progress through completion.

• Facilitate supplier presentations, evaluation workshops, sourcing meetings, and decision sessions while maintaining clear documentation of outcomes and next steps.

• Provide sourcing guidance to business stakeholders and promote consistent use of enterprise sourcing processes, templates, and evaluation methodologies.

• Escalate material sourcing risks, delays, supplier issues, or governance concerns to Category Management and Procurement Operations leadership.

Digital Sourcing & Process Excellence

• Use enterprise sourcing platforms, analytics, automation, and AI-enabled procurement capabilities to improve sourcing efficiency, consistency, and decision quality.

• Partner with the Procurement Digital Transformation Lead to implement digital sourcing workflows, automated event administration, supplier communications, evaluation support, and sourcing analytics.

• Identify repetitive sourcing activities, documentation requirements, and workflow steps suitable for automation or standardization.

• Support testing, adoption, and continuous improvement of digital sourcing tools and enterprise procurement technologies.

• Continuously improve sourcing templates, playbooks, evaluation methodologies, workflows, and stakeholder experience through data-driven process improvement.

Governance, Documentation & Transition

• Ensure sourcing activities comply with enterprise procurement policies, delegated authority, sourcing standards, and applicable governance requirements.

• Maintain complete, accurate, and audit-ready sourcing records, including supplier communications, proposals, evaluations, approvals, recommendations, and decision documentation.

• Coordinate sourcing-to-contract and sourcing-to-onboarding transitions with Category Management, Legal, Procurement Operations, Vendor Management, and business stakeholders.

• Support contract negotiation preparation by organizing commercial inputs, supplier commitments, evaluation outcomes, and sourcing documentation required for contracting.

• Promote consistent sourcing governance, documentation quality, and procurement best practices across enterprise sourcing engagements.

Minimum Qualifications

• Bachelor's degree in Business Administration, Supply Chain Management, Finance, or equivalent experience listed below.

• Minimum 3-5 years of experience in strategic sourcing, procurement, purchasing, category management, or related procurement disciplines.

• Demonstrated experience administering competitive sourcing events including RFIs, RFPs, and RFQs.

• Strong analytical and commercial skills, including experience evaluating supplier proposals, pricing, and sourcing alternatives.

• Strong project coordination, communication, stakeholder management, and problem-solving skills.

• Proficiency with Microsoft Office and enterprise procurement or sourcing technologies.

• Must be able to adhere to a hybrid work schedule which consists of reporting to our 100 Church Street, NYC office every Tuesday, Wednesday & Thursday.

Preferred Qualifications

• CPSM, CIPS, or equivalent procurement certification.

• Healthcare payer or managed care procurement experience.

• Experience using enterprise procurement platforms such as Workday, Coupa, SAP Ariba, Icertis, or similar sourcing technologies.

• Experience supporting sourcing initiatives across multiple spend categories, including technology, professional services, BPO, or corporate services.

• Experience using sourcing analytics, automation, AI-enabled procurement tools, or digital evaluation capabilities.

• Knowledge of contract management, supplier due diligence, commercial evaluation, and procurement governance.

Hiring Range*:

Greater New York City Area (NY, NJ, CT residents): $58,900 - $80,070

All Other Locations (within approved locations): $51,000 - $75,905

As a candidate for this position, your salary and related elements of compensation will be contingent upon your work experience, education, licenses and certifications, and any other factors Healthfirst deems pertinent to the hiring decision.

In addition to your salary, Healthfirst offers employees a full range of benefits such as, medical, dental and vision coverage, incentive and recognition programs, life insurance, and 401k contributions (all benefits are subject to eligibility requirements). Healthfirst believes in providing a competitive compensation and benefits package wherever its employees work and live.

*The hiring range is defined as the lowest and highest salaries that Healthfirst in “good faith” would pay to a new hire, or for a job promotion, or transfer into this role.

WE ARE AN EQUAL OPPORTUNITY EMPLOYER. Applicants and employees are considered for positions and are evaluated without regard to mental or physical disability, race, color, religion, gender, gender identity, sexual orientation, national origin, age, genetic information, military or veteran status, marital status, mental or physical disability or any other protected Federal, State/Province or Local status unrelated to the performance of the work involved.