Strategic Sourcing Portfolio Manager
At a glance
Manager-level Investment & Corporate Development role at Virtua. Stow · full-time · $75,177–$116,950 base.
financeroles summary, based on the employer's posting.
What you'll do
- Negotiate and complete supply, service, blanket-order and one-time purchase agreements, protecting pricing and service levels
- Route, approve, distribute and maintain contract records, then ensure contract changes reach the right systems accurately
- Run bids for products and services, using stakeholder research to shape sourcing plans
- Review vendor results and future options with suppliers, and resolve invoice differences and accruals
- Find ways to use products and services more effectively, then put savings ideas into practice and track results
What you bring
- At least five years of progressively responsible sourcing or procurement work; candidates with two to three years may qualify with a bachelor’s degree
- A high school diploma; a bachelor’s degree is preferred
Who this fits
This manager-level role suits someone who can work through sourcing decisions independently while bringing solutions to a director for guidance. The job is on-site in Stow, works a first shift, and totals forty hours each week.
From the employer
At Virtua Health, we exist for one reason – to better serve you. That means being here for you in all the moments that matter, striving each day to connect you to the care you need. Whether that's wellness and prevention, experienced specialists, life-changing care, or something in-between – we are your partner in health devoted to building a healthier community.
If you live or work in South Jersey, exceptional care is all around. Our medical and surgical experts are among the best in the country. We assembled more than 14,000 colleagues, including over 2,850 skilled and compassionate doctors, physician assistants, and nurse practitioners equipped with the latest technologies, treatments, and techniques to provide exceptional care close to home. A Magnet-recognized health system ranked by U.S. News and World Report, we've received multiple awards for quality, safety, and outstanding work environment.
In addition to five hospitals, seven emergency departments, seven urgent care centers, and more than 280 other locations, we're committed to the well-being of the community. That means bringing life-changing resources and health services directly into our communities through our Eat Well food access program, telehealth, home health, rehabilitation, mobile screenings, paramedic programs, and convenient online scheduling. We're also affiliated with Penn Medicine for cancer and neurosciences, and the Children's Hospital of Philadelphia for pediatrics.
Location:
Stow - 20 W Stow RdRemote Type:
On-SiteEmployment Type:
EmployeeEmployment Classification:
RegularTime Type:
Full timeWork Shift:
1st Shift (United States of America)Total Weekly Hours:
40Additional Locations:
Job Information:
Job Summary:Reviews, negotiates and executes all assigned supply contracts, service agreements, blanket orders and onetime purchases. Maintains contracts with internal stakeholders, supplier representatives, sourcing peers and Group Purchasing Organization. Demonstrates value analysis, expense reduction, and customer service skills while navigating a complex multi-facility sourcing environment. Objective is to ensure best in class industry pricing and contract terms and conditions. Individual will receive guidance and oversight from director but is expected to exercise critical thinking to bring forth solutions to problems.
Position Responsibilities:
Manages and negotiates contracts to ensure competitive pricing, price protection, and service levels. Ensure that appropriate authorization, routing of contracts, distribution and document management occurs. Ensure all configuration changes pertaining to new or amended contracts are implemented in a timely and accurate manner.
Develops and introduces better utilization of products and services. Implements suggestions, securing measurable savings.
Initiates, creates, facilitates and manages the bid process for products and services.
Works with internal stakeholders to do market research and strategy development.
Regularly meet with assigned vendors to review contracts, evaluate vendor performance and consider future opportunities.
Reviews and resolves invoice discrepancies and accruals.
Position Qualifications Required:
Required Experience:
5 years of progressively responsible experience in sourcing or procurement activities, would consider candidates with 2-3 years’ experience and a bachelor’s degree.
Required Education:
High School diploma required.
Bachelor’s Degree preferred.
Annual Salary: $75,177 - $116,950
The actual salary/rate will vary based on applicant’s experience as well as internal equity and alignment with market data.This position is eligible to participate in one of Virtua’s annual incentive compensation plan (AICP). The amount is subject to the terms and conditions of the plan document.

Virtua offers a comprehensive package of benefits for full-time and part-time colleagues, including, but not limited to: medical/prescription, dental and vision insurance; health and dependent care flexible spending accounts; 403(b) (401(k) subject to collective bargaining agreement); paid time off, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, colleague and dependent life insurance and supplemental life and AD&D insurance; tuition assistance, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.For more benefits information click here.