Director, Strategic Sourcing
$96.9k - $176.2kLincoln Financial Services
Director, Strategic Sourcing
In this leadership role, you will be responsible for leading the execution of category management strategies across $900M+ in spend. You will focus on delivering cost savings, enhancing supplier performance, and improving operational processes. This role leads a team of category managers/analysts and collaborates with internal stakeholders to deliver cost optimization, compliance, and operational excellence.
What you'll be doing:
- Leading and developing a team of category manager(s)/analyst(s) while fostering a collaborative, high-performing culture.
- Ensuring team deliverables align with procurement strategies and operational objectives.
- Supporting the development and execution of category strategies and roadmaps.
- Negotiating and managing identified enterprise-level supplier agreements (pricing, SLAs, risk).
- Partnering with internal stakeholders to provide subject matter expertise and procurement guidance on sourcing strategies.
- Executing procurement initiatives aligned with corporate objectives.
- Contributing to process improvement and sourcing innovation efforts.
- Identifying sourcing opportunities and closing program gaps with line of business leadership.
- Maximizing savings through strategic sourcing, pricing structures, and rebate programs.
- Ensuring spend analytics and data governance.
- Leveraging analytics to support decision-making and reporting.
- Monitoring KPIs (spend under management, compliance, supplier performance) with specific focus on category tail spend management.
- Ensuring adherence to procurement policies while supporting efficient execution of sourcing processes, operational efficiency, cost optimization, and risk mitigation through contract and supplier management.
- Championing change management for new processes and systems and introducing best practices and innovative sourcing models.
- Maintaining knowledge on current and emerging developments/trends, assessing the impact, and collaborating with management to incorporate new trends and developments in current and future solutions.
- Directing and enhancing organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives.
- Identifying and directing the implementation of process improvements that significantly reduce workloads or improve quality across the department.
- Providing subject matter expertise to team members and internal/external stakeholders on complex assignments/projects.
- Providing training and development opportunities, including stretch assignments, for team members and gives honest and open feedback to aid in the development of talent.
- Directing and evaluating individual/team performance and taking appropriate action to meet and/or exceed performance standards.
- Establishing and implementing priorities, performance goals and objectives to ensure group results.
- Directing and providing leadership to continually improve the capability and results.
- Ensuring that top talent is hired and retained.
- Building organizational capability.
What we're looking for:
- 4 Year/Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's) in in business, Supply Chain, Finance, or related field (Minimum Required)
- 7+ Years of procurement or supply chain experience, including 3+ years in category management or strategic sourcing leadership. (Required)
Application Deadline Applications for this position will be accepted through August 11, 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.
$96.53k - $132.73k
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