Sr. Strategic Sourcing Lead
$96.9k - $176.2kLincoln Financial
Sr. Strategic Sourcing Lead
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:
- Leading cross-functional teams in the development and implementation of strategic sourcing strategies and demand management opportunities for assigned categories of expenditure.
- Ensuring 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.
- Collaborating with internal stakeholders in the development of key supplier strategies to include cost-out initiatives.
- Establishing and meeting/exceeding savings and benefit delivery targets for assigned categories over an extended time frame and ensuring such targets are enabled via agreed sourcing strategies and supporting business unit/LFG-wide cost management objectives.
- Building strategic relationships with key suppliers and working with internal stakeholders and other parties in conducting regular performance reviews to ensure LFG's business requirements are being met.
- Regularly conducting sophisticated analysis on both the marketplace and suppliers within assigned categories of spend and leveraging this information with internal clientele in developing sourcing strategies that will maximize total value.
- Preparing and presenting category business cases and cost models.
- Leading the negotiation of tactical and strategic (linked to broader sourcing strategies) contracts for use in multi-site locations and working intensely with LFG Legal counsel to ensure ways of working and practices are streamlined and minimize risk for LFG.
- Managing supplier contracts for assigned spend categories throughout the agreement's lifecycle ensuring proactive management of agreement expirations, amendments / addendums, etc. aligned to category strategies.
- Participating in or lead cross-functional LFG councils, panels or communities of practice to provide ongoing governance and thought leadership around continuous improvement and compliance for strategic spend areas.
- Demonstrating a high proficiency around influencing skills and building consensus; promoting a collaborative style while ensuring project timelines and objectives are met or exceeded.
- Providing training and development opportunities, including stretch assignments, for subordinates (if applicable) and giving honest and open feedback to aid in the development of talent.
What we're looking for:
- Bachelor's Degree in Business or related field plus minimum of five (5) years' strategic sourcing or related supply chain management experience, to include demonstrated track record in driving supplier rationalization and cost-out programs in a cross functional environment. Masters of Business Administration or Advanced Degree highly desirable.
- Demonstrated use of eSourcing, spend analytics, contract management and procure to pay systems and processes and their application in developing and implementing strategic sourcing strategies in a multi-site environment.
- Familiarity with (to include certification e.g. Green Belt) with Operational Excellence / Lean Sigma tools and processes highly desirable.
- In-depth and hand's on engagement and use of Procurement systems and processes on an enterprise level.
- Intimate familiarity with the Procurement strategic sourcing process and associated foundational interdependencies (people, technology/systems including procure-to-pay, etc.)
- Solid understanding and proven application of Operational Excellence and Lean Sigma techniques.
- Familiarity with supplier management processes and measures.
- Certified Professional in Supply Management (CPSM), Certified Purchasing Manager (C.P.M.), and Certified Professional in Supplier Diversity (CPSD) desirable.
- Excellent project, program and time management skills and techniques.
- Ability to work with and rationalize variable data from multiple data points / systems and turn same into competitive intelligence and knowledge for decision making.
- Demonstrates excellent interpersonal skills with collaborative style.
- High proficiency in the use of Microsoft Office applications (Word, Excel, PowerPoint, Outlook)
Application Deadline Applications for this position will be accepted through September 29, 2026, subject to earlier closure due to applicant volume.
What's it like to work here? At Lincoln Financial, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.
What's in it for you:
- Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes
- Leadership development and virtual training opportunities
- PTO/parental leave
- Competitive 401K and employee benefits
- Free financial counseling, health coaching and employee assistance program
- Tuition assistance program
- Work arrangements that work for you
- Effective productivity/technology tools and training
The pay range for this position is $96,900 - $176,200 with anticipated pay for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law. Pay is based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln's total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln's standard benefits package.
About The Company Lincoln Financial (NYSE: LNC) helps people to confidently plan for their version of a successful future. We focus on identifying a clear path to financial security, with products including annuities, life insurance, group protection, and retirement plan services. With our 120-year track record of expertise and integrity, millions of customers trust our solutions and service to help put their goals in reach. Lincoln Financial Distributors, a broker-dealer, is the wholesale distribution organization of Lincoln Financial. Lincoln Financial is the marketing name for Lincoln Financial Corporation and its affiliates including The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Lincoln Financial affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice.
Lincoln is committed to creating an inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Follow us on Facebook, X, LinkedIn, Instagram, and YouTube. For the latest company news, visit our newsroom.
Be Aware of Fraudulent Recruiting Activities If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters. Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview. Please contact Lincoln's fraud team at View email address on click.appcast.io if you encounter a recruiter or see a job opportunity that seems suspicious.
Additional Information This position may be subject to Lincoln's Political Contribution Policy. An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln's current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.
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