Sr. Sourcing Manager

Who We Are

At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

Who You'll Work With:

The Chief Operating Officer organization includes Customer Experience, Insurance and Investment Operations, Transformation, Global Procurement Services, and Real Estate. The team partners with business and functional teams across the organization to drive operational excellence in order to achieve our priorities, strengthen our position as a market-leading organization, create partnerships, and ultimately deliver a better end-to-end experience for our customers, distribution partners and colleagues.

About The Role:
We are looking for an experienced Sr. Sourcing Manager with proven background in sourcing complex software (i.e., SaaS, on-prem, AI, POCs, pilots, etc.) and associated Services across a global supply chain.  This role leads all aspects of strategic sourcing, from category assessment and planning, vendor due diligence, RFx, negotiations, contracting and participation in related vendor management activities across multiple Lines of Business.  The role includes indirect management of a team of software sourcing managers.

Responsibilities:

• Accountable for competitively bidding, negotiating price and related business terms and relaying said terms into logical and meaningful contracts that are in compliance with the policies, procedures and contracting principles.
• Provide key negotiation and pricing advice to assigned Lines of Business on each transaction with an emphasis on delivering bottom-line financial savings and/or risk minimization.
• Effectively manage complex projects including: LOB expectations, leadership involvement, internal/ external communications, deliverable(s) timing, and executive reporting.
• Manage the workload, training, and performance of a team of software sourcing managers  (a mix of full-time employees, staff augmented personnel and managed service workers).
• Operate effectively at all levels and across matrixed environments, both internally and externally, including with CXOs.
• Partner closely with our internal legal, risk and finance teams towards the successful completion of integrate negotiations and initiatives.
• Partner closely with key business stakeholders. Develop and share category-specific operational measurements. Respond to requests in a timely manner.
• Maintain necessary sourcing system data, metrics and spend/savings analytics in support of departmental reporting and policy and procedure requirements.
• Ensure consistency in supplier engagements. Carry out all supplier due diligence as required.
• Work closely with regional teams and clients on local, regional and sometimes global project activities.
• Continually develop subject matter expertise. Remain current on competition, category trends and industry practices.
• Actively participate/lead Sourcing & Procurement initiatives that drive the continuous improvement of the Sourcing function at Corebridge
• Demonstrate understanding of the client’s business, objectives, and constraints when addressing their needs. Respond to clients with the appropriate sense of urgency and importance.
• Build effective and trusted relationships with internal clients and vendors.
• Create a portfolio approach towards select key spend categories.
• High energy and enthusiasm required to contribute to and help shape an evolving Corebridge Sourcing & Procurement organization.
• Capable of exercising forceful yet sensible project management techniques.
• Incorporate different perspectives and experiences of clients and colleagues to generate better ideas, solve problems and improve performance.
• Affable, with a high tolerance for ambiguity.
• Collaborating with Supplier Diversity teams.
• Achieve cost reduction/savings target

Skills and Qualifications:

• 10+ years sourcing experience
• 6+ years of experience in sourcing software
• 3+ year of managing personnel
• Strong analytical and problem-solving skills
• Strong entrepreneurial, interpersonal and team skills.
• Demonstrated ability to work independently and in teams to deliver results
• Excellent communication, writing, facilitation, collaboration and interpersonal skills.
• Develop reporting to track the progress of the initiatives
• Excellent experience with Ariba, Fieldglass, and MS Office products.
• Must be able to function in a fast-paced environment with minimal supervision.
• Must be able to work with Global Cross-Functional teams and operate in a Flexible work schedule.
• Bachelor's degree in Business, Supply Chain or equivalent field.

Compensation:

Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications.

In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.

Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.

Work Location:

This position is based in Corebridge Financial’s Houston, TX office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

Estimated Travel:

Up to 25%

#LI-RL1 #LI-SAFG #LI-Hybrid #LI-Remote

Why Corebridge?

At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.

Benefit Offerings Include:

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location.  In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity Employer

Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives.

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs.  If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to [email protected].  Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.

We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com

Functional Area:

CS - Corporate Services

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

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