Strategic Sourcing (Manager - Senior Manager)

Position: Strategic Sourcing (Manager - Senior Manager)

Position Summary

Karuna Therapeutics is seeking a Manager - Senior Manager, Strategic Sourcing for clinical and R&D-related services. This individual will be responsible for executing the operational goals and objectives of the Procurement Department and delivering on Karuna's Procurement value proposition. Assist the Director of Procurement to establish policies and procedures that will consistently deliver financial and operational efficiencies for a rapidly growing organization. Bring a solid understanding of category management, Strategic Sourcing, and contract management. Have the business acumen to identify contract terms that may pose certain liability to Karuna and collaborate with legal and other stakeholders to deliver RFPs and execute on statements of work with optimal contract terms for Karuna. Build, manage and nurture relationships with suppliers and clinical operations team to support clinical trial objectives.

Responsibilities

• Build and nurture stakeholder relationships by serving as a business partner by providing Strategic Sourcing and procurement services that meet expectations, such as leading and managing RFPs; helping stakeholders identify critical business requirements; and providing valuable insights to stakeholders on procurement matters.
• Perform analyses and use analytics to support strategic decisions and provide recommendations to stakeholders and suppliers on procurement matters.
• Be proactive in seeking opportunities for process improvement, cost efficiencies, and developing category and sourcing strategies to leverage supplier capabilities to benefit Karuna.
• Manage supplier performance - including acting as an escalation point in the event of non-performance for responsible categories.
• Assist in establishing and maintaining Procurement policies and processes to consistently deliver value to the organization and to maintain regulatory compliance.
• Work with appropriate stakeholders (Clinical Operations, Legal, Compliance, FP&A etc.).
• Assist with internal education of Oracles system for purchase orders.
• Efficiently process contracts and purchase orders within Oracle Purchasing module.

Required Qualifications

• Geographically located in or willing to move to Greater Boston area.
• 5+ years of procurement experience is required, preferably in a pharmaceutical, SOX, GMP or FDA-regulated environment.
• Bachelor's degree, preferably in Supply Chain Management, Business, Science or closely related discipline. Will consider equivalent experience, which includes a strong background in sourcing services for the Biotech or Pharmaceutical space.
• Creative and excel at problem solving.
• Demonstrated experience and success in Strategic Sourcing and negotiation with CROs for clinical trial management services.
• Good business acumen and proven success with contract negotiation.
• Demonstrated basic understanding of accounting and invoice processing.
• Proficient with MS Excel and Word is a must.
• Experience with Oracle Fusion a big plus.
• Must be proactive, results oriented, and have strong attention to detail, along with an ability to work independently with minimum supervision.
• Demonstrate strong project management skills with the ability to also process and execute at the transactional level.
• Strong communication skills with the ability to communicate effectively at any level and to work cross functionally with diverse teams and incorporate business stakeholder goals and objectives.
• Must be able to problem solve while effectively handling multiple tasks.
• Excellent verbal and written skills, allowing for an open and effective dialogue throughout the company.
• Attention to detail and quality are critical to success.
• Highly accountable for the results and outcomes of their responsibilities and understands the impact of their efforts, results, and attitudes on others.
• Uses teamwork to work cooperatively toward the most effective solutions, championing the best ideas of team members, and assisting where help is needed yet is capable of highly independent work when efficiency is required.
• Results-oriented individual who is highly motivated, decisive, flexible in thought, and has the creativity to excel in and contribute to a rapidly growing company.
• Forward thinking mindset with the ability to manage multiple projects, and identify and resolve issues.
• Broad experience in an emerging, publicly traded company environment is a plus.

 The successful candidate will also embody our values:

Our purpose is to create value for those we have the privilege to serve:

• We take pride in our work
• We keep our promises and deliver
• We are driven to meaningfully innovate
• We succeed through inclusion and teamwork

Karuna Therapeutics is committed to equal opportunity in the terms and conditions of employment for all employees and job applicants without regard to race, color, religion, sex, sexual orientation, age, gender identity or gender expression, national origin, disability or veteran status.

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