Manager - Sourcing and Procurement at Verisign

Reston, Virginia, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Internet Infrastructure, TechnologyIndustries

Requirements

Bachelor’s Degree or equivalent work experience
8+ years of related progressively responsible business experience leading strategic sourcing and contracting initiatives across various spend categories, including Corporate Services, Information Technology, Professional Services and Telecommunications
5+ years of experience in technology sourcing, procurement, ideally in a tech-driven environment
Strong analytical, problem-solving, communication and stakeholder management skills
Strong attention to detail, ability to manage multiple priorities and comfort working in a dynamic environment

Responsibilities

Leads the execution of strategic sourcing and competitive bidding initiatives, including conducting spend and data analysis, internal assessments, drafting requests for proposals, evaluating proposals, and negotiating with suppliers
Collaborates with stakeholders on business and technical requirements and throughout the procurement process
Leads the negotiation of commercial terms with suppliers
Maintains purchasing-related documentation, including sourcing assessments and deliverables, supplier performance information, compliance metrics and value capture results
Reviews and analyzes purchase requisitions and coordinates purchasing activities with the procurement strategy, including use of preferred suppliers
Monitors and reviews purchase requisitions and purchase orders to ensure transactions are processed in a timely and accurate manner
Leads and/or participates in the supplier performance management reviews
Develops and maintains policies and procedures for procurement related processes
Identifies, tracks and reports on spend and other key metrics
Develop and execute sourcing strategies for information technology equipment, software and services to meet business objectives
Lead negotiations for technology-based categories such as software licenses, hardware, SaaS, cloud infrastructure and other technology services to secure favorable pricing and other commercial business terms
Analyze total cost of ownership, identify opportunities for cost savings and benchmark against market research
Work with internal teams (including finance, legal, risk and other technology departments) to align sourcing strategies with business needs, support for budgeting, and overall process execution

Skills

Key technologies and capabilities for this role

Strategic SourcingContract NegotiationCost AnalysisValue AnalysisSupplier EvaluationCompetitive BiddingStakeholder ManagementProcurementSaaSCloud InfrastructureSoftware LicensingHardware ProcurementTotal Cost of OwnershipMarket Benchmarking

Questions & Answers

Common questions about this position

What benefits does Verisign offer?

Verisign offers competitive benefits along with a dynamic and flexible work environment and the ability to grow your career.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What are the key skills required for the Manager, Sourcing and Procurement role?

Key skills include strategic sourcing, contract negotiation for technology categories, cost and value analysis, and stakeholder collaboration with teams like finance, legal, and technology.

What is the company culture like at Verisign?

Verisign is a mission-focused, values-driven company that embraces collaboration and teamwork across the organization, providing a dynamic and flexible work environment.

What makes a strong candidate for this procurement manager position?

A strong candidate is an experienced individual level contributor who can lead strategic sourcing, competitive bidding, negotiations, and stakeholder collaboration to drive improvements in price, quality, service, compliance, and performance.

Verisign

Provides internet domain registry and security services

About Verisign

Verisign boasts a robust infrastructure pivotal in managing top-level domains like .com and .net, enhancing the security and stability of crucial internet services. By dedicating efforts to combat DNS abuse and advancing DNSSEC technology, the company supports the reliability and trustworthiness of the internet, making it an ideal workplace for those passionate about maintaining and innovating essential digital frameworks and ensuring a secure online environment.

Reston, VirginiaHeadquarters

1995Year Founded

$10MTotal Funding

IPOCompany Stage

Data & Analytics, Enterprise Software, CybersecurityIndustries

1,001-5,000Employees

Benefits

Hybrid Work Options

Performance Bonus

Stock Options

Risks

Increased competition from alternative domain name registries could erode market share.

Decentralized domain name systems pose a threat to traditional registries like Verisign.

Potential regulatory scrutiny and antitrust actions could lead to legal challenges.

Differentiation

Verisign operates two of the Internet's thirteen root nameservers.

It manages the generic top-level domains for .com and .net.

Verisign provides a wide range of security and telecom services.

Upsides

Increased demand for cybersecurity solutions boosts Verisign's security services.

The rise of IoT devices drives demand for domain registrations and secure connections.

5G network expansion is expected to boost demand for Verisign's telecom services.

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