Make a game-changing next move.

Learn more about the opportunities in Coatue's portfolio.

Sourcing Manager

Root Insurance

Root Insurance

Sales & Business Development
United States · Remote
Posted on Thursday, June 6, 2024

CURRENT ROOT EMPLOYEES - Please apply using the career page in Workday. This career site is for external applicants only.

The Opportunity:

Root is seeking a Sourcing Manager who is a strategic and creative problem solver ready to roll up their sleeves and work with a variety of cross-functional stakeholders. In this role, you will support our business partners’ vendor relationships by driving consistency and optimization. This individual contributor should be a highly analytical and strategic advisor to the departments who will bring their procurement knowledge to our growing team. The perfect candidate will be comfortable working cross-functionally with business teams to guide and support our business partners throughout the procurement lifecycle.

Root is a “work where it works best” company. Meaning we will support you working in whatever location that works best for you across the US. We will continue to have our headquarters in Columbus and offices in other locations to give more flexibility and more choice about how we live and work.

Salary Range: $90,000 to $110,000

How You Will Make an Impact:

  • Partner with departments to evaluate current/future business requirements and utilize this information for planning, develop/execute on sourcing strategies, and other procurement/finance related activities

  • Review and coordinate contract reviews/negotiations to ensure department and other stakeholder requirements are met. As well as ensure contracts are reviewed and approved by required departments such as legal and information security, per established processes

  • Create and manage bids or requests for proposals incorporating stakeholder and department requirements

  • Establish and maintain relationships with department and cross functional stakeholders, including departments such as legal, information security, finance, etc

  • Develop and manage vendor performance scorecards

  • Partner with the risk teams to ensure that the activities throughout the procurement lifecycle are aligned with third party risk management requirements and monitor significant vendor risk issues.

  • Evaluate supplier proposals (such as applying forecasting skills including cash/cost, pricing models) and make recommendations to department leaders/executives to support the needs of the departments and the cost reduction goals of the team

  • Provide suggestions, create efficiencies and identify continuous improvement opportunities throughout the procurement lifecycle and processes

  • Perform other duties as assigned

What You Will Need to Succeed:

  • Bachelor’s degree in finance, supply chain, and/or program management

  • 5+ years demonstrated sourcing and/or category management experience, preferably in financial services and/or fast-paced technology environment

  • Proven success in vendor management throughout the procurement lifecycle such as sourcing, contract review/negotiation, vendor performance management, payment, renewals, terminations etc.

  • Exceptional communication skills, both written and verbal

  • Approaches problem solving with natural curiosity, open-mindedness, and comfort with ambiguity

  • Thrives in a fast-paced work environment, prioritizing, and executing on the most critical project

Don’t meet every single requirement?

Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Root, Inc., we are dedicated to building a diverse and inclusive workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway!

Join us

At Root, we judge people based on the merit of their work, not who they are. If you are passionate about what this role entails and solving real problems, we encourage you to apply. We want to learn about you and what you can add to our team.

Who we are

We’re harnessing the power of technology to revolutionize insurance. Using machine learning and mobile telematic platforms, we’ve built one of the most innovative FinTech companies in the world. And we’re just getting started.

What draws people to Root

Our success is in large part due to our unwavering standards in hiring. We recognize that our products are only as good as the people building and promoting them. We want individuals who find solutions by going through the cycle of ideation to implementation with curiosity, rigor, and an analytical lens. Ask anyone who works here and you’ll hear similar reasons for why they joined:

Autonomy—for assertive self-starters, the opportunities to contribute are limitless.

Impact—by challenging the way it’s always been done, we solve problems that have a big impact on our business.

Collaboration—we encourage rich discussion and civil debate at every turn.

People—we are inspired by the collection of crazy-smart people around us.