Strategic Sourcing Manager

Crinetics is a pharmaceutical company based in San Diego, California, developing much-needed therapies for people with endocrine diseases and endocrine-related tumors. We were founded by a dedicated team of scientists with the simple belief that better therapies developed from rigorous innovation can lead to better lives. Our work continues to make a real difference in the lives of patients. We have a prolific discovery engine and a robust preclinical and clinical development pipeline. We are driven by science with a patient-centric and team-oriented culture. Crinetics is known for its inclusive workplace culture. We are also a dog-friendly workplace. This is an exciting time to join Crinetics as we shape our organization into the world’s premier fully-integrated endocrine company from discovery to patients. Join our team as we transform the lives of others.

Position Summary:

The Strategic Sourcing Manager is responsible for developing and executing sourcing strategies for assigned categories including IT and other technical spend, building, and maintaining relationships with internal stakeholders and suppliers, negotiating product and services pricing. The individual will play a key role in introducing and implementing sourcing best practices to the organization. The individual will be able to manage change and effectively partner with the business leaders while delivering tangible value to the organization through cost savings, supply risk reduction and efficiency gains.

Essential Job Functions and Responsibilities:

These may include but are not limited to:

• Maintain professional relationships with internal and external customers and suppliers.
• Responsible for working with cross-functional teams to reduce costs while achieving expected customer service levels.
• Select or recommend suppliers, develop and solicit bids and proposals, analyze and evaluate responses, negotiate product and services prices and other terms, monitor deliveries, work with accounting to reconcile invoice discrepancies and approve payments.
• Research, interview, evaluate, and select prospective vendors.
• Evaluate supplier reliability and performance.
• Partner with legal and contracts group to manage and maintain the contracts terms.
• Ensure quality of procured items and processes.
• Ensure compliance with company policies and procedures
• Collaborate closely and serve as a trusted sourcing business partner while driving a disciplined strategic sourcing approach for assigned functions/categories.
• Lead key sourcing initiatives, conduct RFPs, negotiate critical contracts, analyze market data, evaluate supply alternatives, and develop and execute on negotiation strategies to deliver best value for the organization.
• Measure and track performance within each spend category or region and partner with FP&A to review budgetary impact.
• Partner with IT to stay ahead of renewals and optimize true ups and total cost of ownership
• Be informed on market cost drivers, economic outlooks, and supply and contractual risks ensuring relevant market intelligence is communicated to appropriate personnel.
• Monitor, track, and report on savings and key performance indicators (KPIs) for targeted categories.
• Continuously assess the existing supply base to identify and pursue opportunities for consolidation & improvement. Serve as the SME for supplier segmentation strategies.
• Lead QBRs with key suppliers.

Education and Experience:

Required:

•  Bachelor’s degree in Business, Finance, or related field.
• 8 years of experience in strategic sourcing, contract management, procurement preferably within the Life Sciences industry.
• Experience negotiating IT contracts including Saas, Paas, Hardware, Managed service.
• Experience with sourcing and procurement and building a vendor program.
• Strong negotiant skills, as well as excellent communication, i.e., verbal and written.
• Ability to work effectively across multiple departments and levels of the organization, as well as with outside vendors.
• Ability to work in a fast-paced, team-oriented, and collaborative environment.
• Ability to evaluate market conditions and various suppliers.

Physical Demands and Work Environment:

Physical Activities: On a continuous basis, sit at desk for a long period of time; intermittently answer telephone and write or use a keyboard to communicate through written means. Some walking and lifting up to 25 lbs. may be required. The noise level in the work environment is typically low to moderate. The physical demands described above are representative of those that must be met by an employee to successfully perform the essential functions and responsibilities of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions and responsibilities.

Laboratory Activities (if applicable): Biology and chemical laboratory environment experience needed. Environmental health and safety requirements also apply.

Travel:

You may be required to travel for up to 5% of your time.

Equal Opportunity Employer:

Crinetics is proud to be an Equal Opportunity Employer. We provide equal employment opportunities to all employees and employment applicants without regard to unlawful considerations of sex, sexual orientation, gender (including gender identity and/or expression), pregnancy, race, color, creed, national or ethnic origin, citizenship status, religion or similar philosophical beliefs, disability, marital and civil union status, age, genetic information, veteran status or any personal attribute or characteristic that is protected by applicable local, state or federal laws.

Total Compensation:

The final salary offered to a successful candidate will be dependent on several factors that may include but are not limited to the type and length of experience and education. Crinetics Pharmaceuticals is a multi-state employer, and this salary range may not reflect positions that work in other states. Your recruiter can share more about the specific salary range during the hiring process.

Salary Range

In addition to your base pay, our total rewards program consists of a discretionary annual target bonus, stock options, ESPP, and 401k match. We also provide top-notch health insurance plans for employees (and their families) to include medical, dental, vision and basic life insurance, 20 days of PTO, 10 paid holidays, and a winter company shutdown.