Job Family
Procurement
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of 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 — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.
We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.
Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.
Job Description Summary
Identify and engage with the best suppliers to negotiate optimal contracts that balance speed to market, access to needed capabilities, organizational risk tolerance, cost containment, supplier-driven innovation, etc. Act as a trusted advisor to business stakeholders to deliver value through a comprehensive and ethical sourcing approach that support business priorities and improves long term partnerships with stakeholders and suppliers.
Job Description
Responsibilities
Serve as the primary procurement point of contact for assigned business stakeholders and categories, translating business goals and risk appetite into contracting strategies and decision frameworks
Provide guidance to fellow team members on negotiation tactics, contracting best practices and category trends.
Provide valued insight of the external marketplace dynamics, trends, spend analysis, and benchmarks to inform decision- makers and create category strategies for acquisition of performance and outcome-based contracts.
Optimize category value through strategies such as supplier stratification, supply base rationalization, supply chain business continuity, category or strategy roadmap/supplier alignment, supplier-driven innovation/value creation, directed buys, and competitive bidding.
Lead and coordinate procurement of assigned categories managing the entire lifecycle from strategy through execution, including RFx solicitation, bid evaluation, and supplier negotiations.
Communicate professionally with internal stakeholders and external suppliers at all levels from operational through executive as the "face of procurement."
Act as a trusted advisor to business stakeholders for all procurement decisions related to the category.
Maintain current knowledge of the supplier marketplace, emerging technologies, diverse suppliers, regulatory changes, pricing trends, and other relevant market dynamics.
Assure year-over-year supplier productivity improvements via contractual process improvement, automation, and innovation investments.
Deploy successful engagement model with suppliers, partnering with VMO, Legal, and business stakeholders
Negotiate contracts, and contract change orders.
Assure continuous improvement of category process, strategies, data sources, tools, and metrics.
Qualifications
Bachelor’s degree in business administration, supply chain management or a related field, or equivalent experience
Minimum 3 years of experience in category management, procurement, strategic sourcing, supplier management, and contract management
Knowledge of supplier identification, evaluation, and selection skills
Understanding of supplier management, procurement, and category management best practices and industry trends for assigned categories.
Excellent negotiation skills with the ability to build good rapport with suppliers, while keeping the company’s interests in mind
Strong written and verbal communication and interpersonal skills requiring a balance of assertiveness, tact and diplomacy
Ability to work effectively and cultivate relationships across all levels of the organization and external parties
Ability to work effectively with teams across geographic locations and time zones
Ability to manage ambiguous situations and drive towards clarification
Analytical and problem-solving skills, and attention to detail
Ability to work under pressure, set priorities, and meet deadlines in a rapid-paced environment
Self-motivated and the ability to manage multiple projects and support activities within a single job function
Preferred Qualifications
Procurement experience managing Corporate Services related categories (e.g. IT, Finance, HR, Legal & Compliance, Market Data, Marketing, Public Affairs, Facilities, Risk, Global Insurance, travel, etc.)
Category Management experience with Market Data Subscription vendors (e.g. Bloomberg, Moody’s, Morningstar, S&P, Refinitiv, Murex, ICAP, etc.)
MBA, JD, or equivalent combination of advanced education and experience
Experience working in a Contracting Lifecycle Management System (CLM)
Certified Sourcing Professional (CSP), Certified Outsourcing Professional (COP), or similar industry certification
Participation in Sourcing, Procurement, and or Outsourcing Industry Associations such as Sourcing Industry Group (SIG), International Association of Outsourcing Professionals (IAOP), Procurement Foundry, institute for Supply Management (ISM), or National Contract Management Association (NCMA)
Global perspective and experience working with diverse customer and suppliers
Experience managing outsourcing and/or professional services suppliers with global product/service provisioning models
Experience in the financial services or similar highly regulated industry
Understanding of outsourcing models, supplier, products and services.
Working Conditions
The Salary for this position generally ranges between $71,000 - $94,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
Disclaimer:
Beware of fake job offers!
We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:
This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.
What We Offer
For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits
Benefits Package
Health and Work/Life Balance Benefits
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs
Inclusion & Diversity
We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.
To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.
Giving Back
We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
Transamerica’s Parent Company
Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
