Procurement Associate

Wealth Enhancement Group

10d•$55,000 - $75,000•Remote

About The Position

Wealth Enhancement 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 80,000 households from our over 140 offices - and growing - nationwide. Since 1997, Wealth Enhancement 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 our aggressive growth trajectory, we are looking for a Procurement Associate to support the execution category strategies throughout all phases of the vendor lifecycle in collaboration with the business. The scope of the role will span across all of Wealth Enhancement's category verticals of Corporate Services, Professional Services, Technology and Products & Partners. This role is a remote opportunity. In the spirit of pay transparency, we are excited to share the base salary range for this position is $55,000.00 to $75,000.00, exclusive of bonuses and benefits. This position is also eligible for an annual team bonus. 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.

Requirements

Bachelor's Degree in business or related field required
1-3 years experience in purchasing and/or supporting sourcing projects
Previous exposure to multiple services and/or technology categories
Capable of interfacing with business stakeholders, both internally and externally
Strong verbal and written communication skills
Strong analytical skills
Proficient with Microsoft Office Suite or related software
Experience with contract lifecycle management and sourcing projects workflow

Responsibilities

Strategic Planning
Interacts routinely with internal business stakeholders and external vendor partners to understand strategic objectives and near/long term plans
Supports execution of planned project initiatives and contract actions
Collaborates with business units to incorporate procurement initiatives into financial and operational plans
Ensures ongoing review and optimization of Category Strategies as a key enabler to business success
Category Management
Supports and contributes to the Category Strategy, including supplier portfolio, capabilities, risk profiles, market trends, and areas of opportunity
Applies a strategic mindset to execute on savings/efficiency opportunities
Engages in data analysis to quantify spend forecasts and realized savings
Sourcing Events & Negotiation
Interacts with vendors – including negotiations, RFx events, and supplier reviews
Supports strategic recommendations on market opportunities, negotiation tactics, and points of leverage in order to deliver results
Executes tasks, creates deliverables, and applies administrative support in Jira Projects and Ironclad Contracts platforms to ensure initiatives are delivered timely, completely, and in alignment with WE processes
Contract Review
Reviews proposed terms and conditions pursuant to vendor engagements
Recommends contract language improvements to both business and legal terms in alignment with desired positions and outcomes
Leverages Ironclad Contract system for contract review, revisions and storage
Cross-Functional Collaboration & Leadership
Contributes to and is accountable for execution of project initiatives
Facilitates interaction with other internal/external stakeholders in support of desired business outcomes
Collaborates with Legal, IT-Security, Compliance, and other control groups to mitigate risk, support diligence reviews in vendor engagements

Benefits

Training and professional development
Medical, dental and vision coverage (Available to full-time employees and their families)
Health Savings Account (HSA) with employer contribution and Flexible Spending Accounts (FSA) for medical, dependent, and transit expenses
Life and AD&D insurance – employer paid and voluntary options
Short-term and long-term disability, workers compensation – employer paid
401k with match and profit sharing
Wellness programs and resources
Voluntary benefits, including pet insurance
18 days of paid time off (PTO), accrued annually (25 PTO days after 4 years of service)
12 paid holidays each year (10 pre-determined and 2 floating days)
Paid parental leave and paid caregiver leave (Caregiver leave available after 6 months of tenure)
Reimbursement for tuition, licensing, and other credentials (Available after meeting service requirements)