eProcurement Effectiveness Manager at T. Rowe Price in Owings Mills, Maryland

Job Description:

There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. ​ We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.

Role Summary

Conducts activities to support the end-to-end procurement process from request to payment. Identifies goods/services requirements, executes purchase orders, approves payments, and processes related transactions, etc. Maintains procurement systems/databases on approved vendors, pricing guidelines, etc. Provides analytics and reporting and recommend process improvements as needed. Liaises with business stakeholders to ensure agreed-upon requirements for services and outcomes are being met. At higher levels, develops, monitors, and/or administers an effective global process including policies, procedures, and systems. Conducts activities to identify potential vendor-related risks and manages mitigation or remediation activities.

Responsibilities

• Manages activities to support the end-to-end procurement process in a variety of activities ensuring that agreed-upon requirements for services and outcomes are met. Assigned projects of complex and/or of sizable financial scope. Communicates with business stakeholders during and after the process. Responsible for third-party risk assessments and reporting results to business units in support of business unit sourcing decisions.


• Processes large or complex procurement transactions based on procurement guidelines. Escalates requests out of guidelines. Obtains and analyzes large amount of evidence during vendor due diligence process.


• Resolves identified process gaps within technology systems and follows through to resolution/completion. Assists in developing system requirements or development priorities to capture newly developed procedures.


• Conducts standard market analyses and develops request for proposal and request for information templates, pricing assessments, and total cost modeling. Compiles findings, develops recommendations, and presents to senior staff or management for consideration. Reviews findings compiled by more junior team members for accuracy and quality and recommends process improvements.


• Supports the implementation and dissemination of procurement policies, procedures, systems, or third-party engagement models.


• Point-of-contact for all procurement inquiries, provide guidance, training as needed.

Qualifications

Required:

• Bachelor's degree or the equivalent combination of education and relevant experience AND


• 5+ years of total relevant work experience

Preferred:

• Experience with Coupa P2P


• Familiarity with contract language

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for full time remote work.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$78,000.00 - $133,000.00 for the location of: Maryland, Colorado, Washington and remote workers
$85,500.00 - $146,000.00 for the location of: Washington, D.C.
$97,500.00 - $166,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual’s relevant experience and skills for the role.  Base salary is only one component of our total compensation package.  Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance. 

This job posting is expected to be available until:

Commitment to Diversity, Equity, and Inclusion

We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.

Benefits

We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.   

Featured employee benefits to enrich your life:   

• Competitive compensation  

• Annual bonus eligibility  

• A generous retirement plan  

• Hybrid work schedule  

• Health and wellness benefits, including online therapy  

• Paid time off for vacation, illness, medical appointments, and volunteering days  

• Family care resources, including fertility and adoption benefits  

Learn more about our benefits.  

Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.