Sourcing and Procurement Specialist

The Procurement Buyer (Sourcing/Procurement Specialist II) performs procurement buying related activities to include review of incoming requests, managing competitive bid requests, evaluation of supplier bids, and creating purchase orders for various goods and/or services. This position will support a variety of commodities that include information technology hardware and software, IT services, telecommunications equipment and services, professional services, data center equipment & services and facilities.

This position is instrumental in achieving business objectives across price, quality, service and compliance. This position follows established acquisition policies, programs and procedures that enhance operational efficiencies and promote cost effectiveness and standardization. The Sourcing / Procurement Specialist II has regular interaction and engagement with suppliers and cross-functional stakeholders on procurement related activities.

Key Responsibilities:

• Supports procurement request intake processes, including general requests and purchase requisitions. Reviews and performs thorough due diligence on purchase requisitions and coordinates purchasing activities including contract execution within the applicable delegation authority. Creates and issues purchase orders to suppliers. Manages changes and modifications to purchase orders.
• Develops a thorough understanding of Verisign’s processes and risk tolerance.
• Manages the bid process for small-and medium-sized purchases in accordance with policies and procedures. Evaluates vendor quotes and services to determine optimal suppliers and best value. Reports on savings achievements.
• Coordinates with stakeholders and aligns negotiations strategies. Conducts basic negotiations with suppliers for scope areas managed by procurement (e.g., pricing, availability, delivery dates, etc.). Provides ongoing procurement operations support to internal stakeholders.
• Follows established acquisition policies, programs and procedures that enhance operational efficiencies and promote cost effectiveness, including standardization where possible.
• Ensures accurate business system data input and integrity. Maintains purchasing-related documentation, the status of purchases in progress in various enterprise-wide systems (e.g. procurement ERP, intake or general work management systems).
• Provides support for various procurement operations programs or activities including but not limited to supporting updates to supplier records and systems.
• Supports the creation of procurement processes.
• Identifies process improvement opportunities and supports change management initiatives and special projects.

Qualifications

• 5+ years’ relevant procurement experience
• Proficient with Microsoft Office (MS Word, MS Excel, MS PowerPoint)
• Proficient in use of enterprise tools and technologies (e.g. procurement and/or financial management systems, collaboration tools, contracts repository)
• Experience reviewing quotes, proposals, contracts, etc for compliance with company standards and to flag potential issues
• Demonstrable ability to work effectively and efficiently in a fast-paced environment
• Procurement commodity experience in information technology hardware and software, IT services, telecommunications equipment and services, professional services, data center equipment & services and facilities
• 4-year Bachelor's degree or equivalent work experience

This position is based in our Reston, VA office and offers a hybrid work schedule.

The pay range is $74,500 - $100,700.

The anticipated annual base salary range for this position is noted above, however, base pay offered may vary depending on job-related knowledge, skills, experience. Verisign offers a discretionary bonus which is based on individual and company performance, and certain roles may be eligible for discretionary stock awards.