Sr. Strategic Sourcing Lead

Alternate Locations: Radnor, PA (Pennsylvania); Charlotte, NC (North Carolina); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Hartford, CT (Connecticut); Omaha, NE (Nebraska)     Work Arrangement: Hybrid : Employee will work 3 days a week in a Lincoln office   Relocation assistance:   is not available for this opportunity.   Requisition #:  76377   The Role at a Glance

The Sr. Strategic Sourcing Lead role serves as the subject matter expert responsible for developing and executing sourcing and category management strategies across key corporate functions. Categories may include, but are not limited to, Finance, Human Resources, Professional Services, Consulting, Outsourcing and Managed Services, Business Process Services, and enterprise business support solutions.   This role partners closely with stakeholders across corporate functions to understand business objectives, operating requirements, and value delivery expectations. Using a structured, data-driven approach, the Sr. Strategic Sourcing Lead will translate business needs into sourcing strategies, lead competitive procurement initiatives, negotiate complex supplier agreements, and drive supplier performance and governance programs. The role is also responsible for identifying and implementing continuous improvement opportunities that optimize cost, mitigate risk, enhance service delivery, and demonstrate the strategic value of Procurement throughout the end-to-end source-to-pay lifecycle and ongoing supplier relationship management process. What you'll be doing

•    Lead cross-functional teams in the development and implementation of strategic sourcing strategies and demand management opportunities for assigned categories of expenditure. •    Ensure sourcing strategies align with and support accomplishment of business objectives across dimensions of service, total cost, security of supply, quality, and appropriate compliance or regulatory needs. •    Collaborate with internal stakeholders in the development of key supplier strategies to include cost-out initiatives. •    Establish and meet / exceed savings and benefit delivery targets for assigned categories over an extended time frame and ensure such targets are enabled via agreed sourcing strategies and support business unit / Lincoln-wide cost management objectives. •    Build strategic relationships with key suppliers and work with internal stakeholders and other parties in conducting regular performance reviews to ensure Lincoln Financial's business requirements are being met. •    Regularly conduct sophisticated analysis on both the marketplace and suppliers within assigned categories of spend and leverage this information with internal clientele in developing sourcing strategies that will maximize total value. •    Prepare and present category business cases and cost models. •    Lead the negotiation of tactical and strategic (linked to broader sourcing strategies) contracts for use in multi-site locations and work intensely Legal counsel to ensure ways of working and practices are streamlined and minimize risk for Lincoln Financial. •    Manage supplier contracts for assigned spend categories throughout the agreement’s lifecycle ensuring proactive management of agreement expirations, amendments / addendums, etc. aligned to category strategies. •    Participate in or lead cross-functional Lincoln Financial councils, panels or communities of practice to provide ongoing governance and thought leadership around continuous improvement and compliance for strategic spend areas. •    Demonstrates a high proficiency around influencing skills and building consensus; promotes a collaborative style while ensuring project timelines and objectives are met or exceeded. •    Provides training and development opportunities, including stretch assignments, for subordinates (if applicable) and gives honest and open feedback to