Procurement Specialist

As the Procurement Specialist, on a daily basis, you will be responsible for contract management, vendor relationships, market research and reporting, assisting with the RFP process, coordinating and preparing supplier QBRs, and developing data analytics to drive cost savings and improved supplier performance. 

To thrive in this role, you will ensure accuracy by paying attention to detail, you will come up with creative solutions to solve problems, you will demonstrate strong communication capabilities, and you will utilize your negotiating skills.

Here’s what you will experience as the Procurement Specialist:

• Collaborate with both internal and external stakeholders, to resolve issues and deliver exceptional customer service and maintain stakeholder relationships, suppliers, and market experts for assigned categories;
• Supplier review, redlining, and negotiating simple contracts; including commercial T&Cs basic legal knowledge, and risk assessment. Contract Lifecycle Management for Legacy supplier contracts for expiration & renewal dates;
• Operate within established processes and procedures, while also contributing to the development of new approaches for continuous improvement;
• Track cost savings. Partner with finance to understand budgeted spend for each category influence and build sustainable relationships with internal decision makers;
• Assist in incremental cost savings initiatives;
• Communicate sourcing trends and results for assigned categories; 
• Work with stakeholders to perform market research to identify alternative vendors;
• Assist with RFP process; normalize RFP responses; organize presentations & reference checks; assist with stakeholder scoring and ranking processes.

Required Qualifications:

• Bachelor’s degree required in disciplines such as finance or strategic sourcing with a minimum 3 years of experience in procurement (purchasing roles), sourcing, or equivalent of 5+ years of Procurement/Sourcing experience in lieu of a bachelor's degree
• 2+ years of proven experience with vendor negotiations with emphasis in IT contract negotiations (healthcare a plus); including deep understanding of various contract types, redlining T&C’s, understanding legal terminology, and completing risk assessments.
• Demonstrated effective verbal and written communication skills with the ability to effectively communicate within cross-functional teams, internal stakeholders, and manage relationships with suppliers. Willing to join video and telephone calls.
• Deadline driven and detail oriented, prioritize tasks in a fast-paced environment, and can easily adapt to change.
• Proficiency in Microsoft Office Suite (especially Excel) for reporting and data analysis.
• Ability to work independently while collaborating effectively with cross-functional team
• Strong problem-solving ability, with a proactive approach to resolving procurement and operational issues.
• Strong preference for candidates located in the Chicago area.

For this US-based position, the base pay range is $47,237.00 - $78,919.86 per year . Individual pay is determined by role, level, location, job-related skills, experience, and relevant education or training.This job is eligible to participate in our annual bonus plan at a target of 5.00%

The healthcare system is always evolving — and it’s up to us to use our shared expertise to find new solutions that can keep up. On our growing team you’ll find the opportunity to constantly learn, collaborate across groups and explore new paths for your career.

Our associates are given the chance to contribute, think boldly and create meaningful work that makes a difference in the communities we serve around the world. We go beyond expectations in everything we do. Not only does that drive customer success and improve patient care, but that same enthusiasm is applied to giving back to the community and taking care of our team — including offering a competitive benefits package.

R1 RCM Inc. (“the Company”) is dedicated to the fundamentals of equal employment opportunity. The Company’s employment practices , including those regarding recruitment, hiring, assignment, promotion, compensation, benefits, training, discipline, and termination shall not be based on any person’s age, color, national origin, citizenship status, physical or mental disability, medical condition, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status or any other characteristic protected by federal, state or local law. Furthermore, the Company is dedicated to providing a workplace free from harassment based on any of the foregoing protected categories.

If you have a disability and require a reasonable accommodation to complete any part of the job application process, please contact us at 312-496-7709 for assistance.

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To learn more, visit: R1RCM.com

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