At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.* For more information, visit www.transamerica.com.
Who We Are
Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. Transamerica is dedicated to building America’s leading middle market life insurance and retirement company, providing a broad range of quality individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products, including mutual funds, annuities, stable value solutions, as well as investment management services.
What We Do
Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People and Places; Brand; Corporate Affairs; Risk; and Technology).
Job Description Summary
Global Technology Services (GTS) is Aegon's global IT partner that provides infrastructure services, information security and global/corporate application support for Aegon's businesses around the world.
From 6 locations in the US, the Netherlands, UK, and Hungary, we support 20+ country units and 24000+ employees in the world. Our support consists of a wide range of centralized global IT services such as programming, database management, project management, agile/dev/ops, and more.
We continue to maximize the value from having a clear digital and data technology platform strategy that extends our ecosystem, as an approach to digitization, enhancing customer experience, and improving operational efficiency.
All of these teams work closely together to provide innovative and digital solutions as well as critical technology support. This is essential for enabling Aegon's businesses around the globe to be innovative, digital and competitive, efficient, and effective, and to provide the best solutions and customer experience for our customers and shareholders.
Job Description
The Senior Director Procurement and Strategic Sourcing will provide strategic leadership in driving continuous improvement of the overall sourcing end to end lifecycle by implementing industry best practices to reduce spend, reduce risk, and increase process efficiency and effectiveness for our internal business partners and strategic relationships. Manage the Strategic Sourcing team to successfully execute all enabling activities including negotiations, contracting, and communications.
Responsibilities:
Collaborate with key stakeholders to develop and implement indirect sourcing strategies
Provide leadership to the Sourcing team, including performance coaching and developmental opportunities to build strong, qualified subject matter experts knowledgeable of industry leading practices to enable achievement of the organization’s objective.
Develop high performing sourcing professionals through internal and external training (formal and informal),and exposure to leading practices to strengthen the team’s procurement acumen.
Assess the current state of the negotiations and contracting practices and recommend and implement changes to align with best practices
Develop sourcing/deal strategy and lead negotiations for high complexity, high risk or otherwise critical contracts
Continually identify and implement new opportunities for cost savings, cost avoidance, and value creation and proactively tracks progress towards these objectives. Develop innovative approaches to delivering benefit to the organization beyond traditional performance measures. Continually refine these programs to deliver optimal results for the company.
Prepare and presents business cases, return on investment models, and change management programs to stakeholders and senior management.
Instill a culture of continuous improvement within the team and foster a bias for root cause problem solving
Lead complex, high risk, or critical negotiations with suppliers, contractors and partners
Oversee the contracting process and work closely with the Legal, Risk, Compliance, and other matrix partners, to drive efficiencies in the end-to-end purchasing process.
Provide leadership for all phases of the sourcing process, including project identification and start up, data collection and analysis, option development and recommendation preparation, implementation and supplier management.
Anticipate unfavorable events through data analysis; prepare control environment for preventative, detective, manual and wherever possible automated controls.
Develop and maintain relationships with key stakeholders and matrix partner functions as well as the vendor community; interact with senior management levels, which involves negotiating and influencing on significant matters such as addressing and resolving service issues, complaints, and concerns.
Provide consultation, recommendations and assistance with reporting, data input, and data collection.
Work with internal stakeholders and sourcing partners to identify bottlenecks and drive solutions.
Champion, sponsor and participate in key project initiatives.
Build collaboration among diverse groups, through effective communication, consensus and team building.
Work with key stakeholders to develop actionable reporting packages that enables leadership to take appropriate action for risk reduction and effective spend management.
Identify opportunities that enable the organization to exploit combined purchasing leverage across business units.
Qualifications:
Bachelor’s or Master’s degree in Accounting, Finance, Vendor or Business Management, Supply Chain or equivalent work experience.
Ten years of sourcing and negotiations experience, including significant experience with technology (software, SaaS, hardware, network, telecom, Cloud, etc.) and managed service/outsourcing deals
Eight years of management experience.
Experience working with insurance and financial services regulators and governance bodies in the US and Europe as it relates to third party directives.
Strong negotiation skills with vendors, contractors, and customers.
Deep understanding of information security, data security and privacy regulatory requirements.
Outstanding communication skills and ability to interact with all levels, across all disciplines of the organization.
Analytical approach to problem solving, with a focus on managing a team environment with attention to results and with a sense of urgency.
Demonstrated experience with procurement/AP industry systems like Ariba, Concur, Fieldglass, etc.
Preferred Qualifications:
Lean Six Sigma, Kaizen or other Business Process Improvement methodology experience.
Active participation in Sourcing and Procurement Industry Associations.
Experience negotiating global and multinational contracts.
Experience leading teams that span multiple countries.
Working Conditions:
Office or Remote environment
Occasional travel, including some international.
Compensation:
**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**
The Salary for this position generally ranges between $165,000 - $245,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Bonus Eligibility: This position is also typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at Company Discretion.
This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.
What We Offer
For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits
Competitive Pay
Bonus for Eligible Employees
Benefits Package
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Health and Work/Life Balance Benefits
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
College Coach Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs
Peer Recognition Program (BRAVO)
As of December 31, 2022
Inclusion & Diversity
We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.
To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.
Giving Back
We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 29.5 million people across the globe. It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Purchasing and Supply Chain
Industries
Insurance and Financial Services
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