Sourcing and Procurement Manager

Within Verisign, the Sourcing and Procurement Team provides enterprise-wide procurement expertise and support across various commodities, including but not limited to corporate services, technology, professional services, and telecommunications. We are seeking an experienced individual level contributor to enhance our existing capabilities.

In the Manager, Sourcing and Procurement role, you will engage with cross-functional stakeholders and lead various procurement related processes, which includes identifying sourcing opportunities, leading competitive bidding initiatives, evaluating supplier proposals, and negotiating commercial terms and conditions. This position is instrumental in achieving objectives across price, quality, service, compliance, and performance.

Key immediate focus areas include:

• Strategic Sourcing: Develop and execute sourcing strategies for information technology equipment, software and services to meet business objectives
• Contract Negotiation: Lead negotiations for technology-based categories such as software licenses, hardware, SaaS, cloud infrastructure and other technology services to secure favorable pricing and other commercial business terms
• Cost and Value Analysis: Analyze total cost of ownership, identify opportunities for cost savings and benchmark against market research
• Stakeholder Collaboration: Work with internal teams (including finance, legal, risk and other technology departments) to align sourcing strategies with business needs, support for budgeting, and overall process execution

An ideal candidate embraces collaboration and teamwork across the organization. We expect the candidate to possess competencies that allow them to bring noticeable improvements in some of the above-mentioned areas.

Duties and Responsibilities:

• Leads the execution of strategic sourcing and competitive bidding initiatives, including conducting spend and data analysis, internal assessments, drafting requests for proposals, evaluating proposals, and negotiating with suppliers
• Collaborates with stakeholders on business and technical requirements and throughout the procurement process
• Leads the negotiation of commercial terms with suppliers
• Maintains purchasing-related documentation, including sourcing assessments and deliverables, supplier performance information, compliance metrics and value capture results
• Reviews and analyzes purchase requisitions and coordinates purchasing activities with the procurement strategy, including use of preferred suppliers
• Monitors and reviews purchase requisitions and purchase orders to ensure transactions are processed in a timely and accurate manner
• Leads and/or participates in the supplier performance management reviews
• Develops and maintains policies and procedures for procurement related processes
• Identify, track and report on spend and other key metrics
• Strong attention to detail, ability to manage multiple priorities and comfort working in a dynamic environment

Required qualifications:

• Bachelor’s Degree or equivalent work experience
• 8 years of related progressively responsible related business experience leading strategic sourcing and contracting initiatives across various spend categories, including Corporate Services, Information Technology, Professional Services and Telecommunications
• 5 years of experience in technology sourcing, procurement, ideally in a tech-driven environment
• Strong analytical, problem-solving, communication and stakeholder management skills
• Proven experiences in leading complex sourcing and contracting initiatives
• Track record in leading procurement process improvement initiatives
• Experience using procurement and contract management systems (e.g., Oracle, Workday, Zycus, SAP)
• Proficiency in Microsoft Excel (for data analysis) and PowerPoint (building executive-level presentations)

Preferred qualifications:

• Graduate Degree or equivalent work experience
• Strong leadership skills to manage cross functional teams
• Certified Professional in Supply Management (CPSM)

This position is based in our Reston, VA and offers a hybrid work schedule.

The pay range is $123,500 - $167,100.

The anticipated annual base salary range for this position is noted above, however, base pay offered may vary depending on job-related knowledge, skills, experience. Verisign offers a discretionary bonus which is based on individual and company performance, and certain roles may be eligible for discretionary stock awards.