Head of Business Strategy

Strategic Sourcing Director
At Univest, we believe strong partnerships and thoughtful strategies drive lasting success. As our Strategic Sourcing Director, you will play a pivotal role in shaping how we build and manage relationships with the vendors and partners who support our organization's growth and service excellence.
This is more than procurement, it's about building trusted partnerships, strengthening operational efficiency, and supporting the financial well-being of the communities we serve.
Build and maintain a vendor inventory and rationalization framework, identifying opportunities to reduce redundancy and consolidate spend
Develop and enforce sourcing governance policies, intake standards, and approval frameworks in collaboration with key stakeholders
Sourcing Execution & Commercial Management

Lead competitive sourcing processes including RFx design and execution, vendor outreach, evaluation, and award recommendation
Own contract negotiations and commercial engagements for new vendors and renewals, driving favorable terms, SLAs, and pricing structures
Manage contract renewals, extensions, and renegotiations, maintaining pricing consistency and contractual compliance
Leverage enterprise-scale buying power to optimize cost and performance across the vendor portfolio
Vendor Relationships & Performance

Build and manage a preferred vendor program, including performance monitoring and ongoing relationship management
Serve as the primary liaison between business units and vendor contacts
Proactively review vendor agreements to identify cost savings, consolidation opportunities, and risk exposure
Partner with Legal, Risk, and Compliance to ensure contracts meet regulatory and organizational standards
Serve as primary liaison for vendor-related requests working with business units to assess, prioritize, and manage demand
Collaborate with Finance, Legal, Risk, Compliance, and Technology to align sourcing activity with enterprise priorities and risk appetite
Provide regular reporting and visibility into sourcing activity, vendor performance trends, and portfolio health for leadership
Bachelor's degree in Supply Chain Management, Business Administration, Finance, or a related field.

• 7+ years of strategic sourcing or procurement experience, with demonstrated success managing complex vendor relationships and commercial negotiations.
• Experience in banking, financial services, or a similarly regulated industry strongly preferred.
• Proven track record of building or maturing a sourcing function, with the ability to operate effectively in an environment where processes are still being established.
• Strong knowledge of contract structures, negotiation strategy, and vendor risk management principles.
• Comfort working with senior and executive-level stakeholders across business units.
• Proficiency with sourcing/contract management tools (e.g., Experience with third-party risk management (TPRM) frameworks and regulatory requirements common to financial institutions preferred
• Familiarity with indirect spend categories including technology, professional services, facilities, and operations.
• Experience using spend analytics tools or BI platforms to inform sourcing decisions and executive reporting.

Health Insurance: Medical, dental and vision coverage (single or family; Retirement Plan: Participation in 401(k) plan with up to a 3% employer match after 6 months of employment
Short Term Disability: 12 weeks of sick time with a doctors note after 6 months of service
Holiday Time Off: 11 paid holidays
We offer company paid life insurance: as well as other supplemental insurances
Tuition reimbursement
Employee Wellness programs: including fitness club discounts and fitness tracker discounts/ annual reimbursement
Univest does not discriminate against any applicant for employment because of race, color, religion, religious creed, ancestry, national origin, age, sex, disability or protected veteran status.