Transamerica Lead Procurement & Vendor Management Specialist in Cedar Rapids, Iowa

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Job Description SummaryAt Transamerica we’ve seen that Wealth + Health are inextricably linked, and that living well tomorrow starts with the habits we form today. That’s why we’re passionate about inspiring our customers to improve their financial health- and their overall well-being- to optimize how we help people prepare for the future. We’re seeking ambitions people who can bring fresh ideas and varying perspectives, and help us to shake up the status quo! Come join our supportive culture that encourages a healthy lifestyle, community giving, diversity, and lifelong learning!Our Procurement division is being transformed, and we have an opportunity for a Lead Procurement & Vendor Management Specialist with INDIRECT sourcing experience in categories that include Legal, HR, Finance, Travel, Facilities. If your INDIRECT sourcing experience includes these categories we would love to speak with you!Job Description

What You Will Do: As a strategic partner to the Executive and other business stakeholders, you will provide your subject matter expertise to identify the appropriate category strategies for various procurement projects that you will manage in a growing wealth management firm. You will bring to the table your expertise, as well as your existing relationships with your previously vetted vendors in order to immediately provide guidance and recommendations to your business stakeholders. Your knowledge, judgement, and credibility will serve you well as you guide your client groups through process changes, and help them to understand the importance of the Procurement relationship. Through your effective contract negotiations and vendor management and oversight, you will ensure successful on-time project delivery, supplier compliance, and cost savings.

What You Will Learn: You will develop a deep understanding of our corporate structure, stakeholder needs, current processes, resources, and sourcing initiatives, in order to become a valued partner to your stakeholders, and make recommendations on suppliers’ performance to ensure optimal support of Transamerica’s objectives.

What Success Looks Like:

  • Recommend, implement category procurement and commodity sourcing strategies to achieve strategic plans.

  • Lead cross functional teams to develop and execute local or global strategies covering categories and commodities across a broad customer base.

  • Implement and execute the sourcing and supplier management program that includes developing RFx proposals, evaluate and recommend best available options, negotiate contract and transition and monitor suppliers.

  • Identify, analyze, and recommend sourcing and supplier management solutions that support Divisional strategic objectives.

  • Partner with Divisional Leadership to develop effective supplier relationships that ensure high performance and competitive pricing.

  • Execute governance with suppliers; drive a two-way exchange of information related to strategies, priorities, requirements, and disputes.

  • Negotiate contract provisions for initial agreements and ongoing amendments; facilitate coordination between internal and external stakeholders.

  • Interpret supplier contracts, participate in contract change negotiations, and monitor fulfillment of contractual obligations.

  • Implement and on-board suppliers.

  • Monitor supplier performance and facilitate communications between stakeholders to ensure business expectations are met.

  • Drive supplier behavior and deliver continuous improvement in vendor performance

  • Champion and execute supplier management best practices to maximize the value of supplier relationship

  • Creates and manages supplier request for proposals (RFPs)

  • Perform preparation, review and analysis of contract language to mitigate risk

  • Successful use of Ariba to manage requests, sourcing activities and contracts

    What You Need:

  • Bachelor’s degree in business administration, operations management, or other directly applicable field or equivalent education/experience

  • Minimum of 7 years of experience in category procurement, strategic sourcing, supplier management and contract management

  • Experience with the supplier identification, selection and negotiation process

  • Knowledge of supplier management best practices and industry trends.

  • Exceptional written, interpersonal and verbal communication skills requiring a balance of assertiveness, tact and diplomacy

  • Demonstrated ability to lead difficult conversations and collaborate, facilitate, and achieve consensus amongst key stakeholders

  • Ability to work effectively and cultivate strong relationships across all levels of the organization and with external parties

  • Ability to work with teams across geographically dispersed locations

  • Ability to effectively manage ambiguous situations and drive towards clarification

  • Demonstrated ability to influence others and drive change

  • Proven analytical and problem-solving skills, with a keen attention to detail

  • Ability to succeed under pressure, set priorities, and meet deadlines in a rapid-paced environment

  • Self-motivated with a positive attitude

  • Strong business acumen and demonstrated ability to put strategic plans into operation

  • Proven ability to manage multiple projects and support activities within a single job function

  • What You Receive:

    A Comprehensive Wealth + Health package. It’s our passion to empower people, and especially our employees, to add years to their lives and more life to their years. That means a healthy account balance and a healthy body to match. As you’ll come to discover, Wealth + Health is a central part of everything we do!

    Wealth Benefits; Competitive Pay, Bonus, and Benefits Package, Pension Plan, 401K Match, Employee Stock Purchase Plan, Tuition Reimbursement, Disability Insurance, Employee Discounts, Career Training & Development Opportunities, and more

    Health and Work/Life Balance Benefits; Be Well Company sponsored holistic wellness program which includes Wellness Coaching and reward dollars, Parental Leave, Paid Time Off, Adoption Assistance, Employee Assistance Program, College Coach Program, Back-up Care Program, Paid time to Volunteer, Employee Matching Gifts Program, Employee Resource Groups, Inclusion and Diversity Programs, Employee Recognition Program.

Why Work for Us

Total Rewards at Transamerica: It’s more than a paycheck.

Our comprehensive Total Rewards package is designed to help support you in many ways — throughout all stages of your life and career. We provide a competitive, market-driven program that encompasses base compensation, bonus potential, retirement, health and wellness benefits, learning and development opportunities, plus great employee perks. All designed with you in mind… to help you live your best life, grow personally and professionally - and feel valued for the work you do.

Learn more about our Total Rewards Package.

Equal Opportunity Employer:

Transamerica Life Insurance Company is an Equal Employment Opportunity employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.

Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Transamerica Companies. Please contact: if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.

Ontario Applicants:

Our Company is committed to providing accessibility to those with disabilities in a manner that is consistent with the principles of independence, dignity, integration and equality of opportunity, that is in compliance with the Accessibility for Ontarians with Disabilities Act 2005 ("AODA"). Please contact if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.

Technical Assistance:

If you experience technical problems during the application process, please email

At Transamerica, hard work, innovative thinking and personal accountability are qualities that we honor and reward. We understand the potential that is 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 focused on helping customers secure their long-term financial futures.

Transamerica is a part of AEGON, an international life insurance, pension, and asset management company. The AEGON companies employ approximately 28,000 people and have a strong presence in more than 20 countries across the globe. For more information, visit