Strategic Sourcing and Procurement Manager

Description The application window will close June 30th, 2026 Job Location The primary work location for this role is Berwyn, PA or Denver, CO with a hybrid and/or remote work model. About Envestnet Envestnet is an adaptive WealthTech company that is redefining the future of wealth management by helping advisors meet the moment with its comprehensive technology, actionable insights, and industry leading support. Backed by over 25 years of experience and approximately $7.0 trillion in platform assets, Envestnet is trusted by over one third of financial advisors across leading banks, wealth managers, brokerages, and RIAs. For a deeper look at how Envestnet is shaping the future of financial advice, visit www.envestnet.com . The Team You'll Join ENV's Strategic Sourcing & Procurement team is a highly collaborative, enterprise-focused group that partners closely with executive leaders to help the company move faster, spend smarter, and manage third party risk effectively. Our goals are simple but meaningful: deliver measurable value, enable better business decisions, reduce risk, and help our internal partners work with great suppliers. We operate end to end, supporting everything from early-stage supplier strategy and complex negotiations to contracting, procure to pay, and ongoing supplier management. Our impact is visible, trusted, and felt across the company. We are curious, pragmatic, and laser-focused on serving our internal customers. Team members are empowered to lead, encouraged to think strategically, and supported as they grow their skills across sourcing, negotiation, risk management, and stakeholder influence. We value transparency, empathy, and mutual respect—and take pride in being the kind of team internal customers genuinely want to work with. If you enjoy meaningful work, smart colleagues, and the chance to shape how a company engages with its suppliers, you'll feel right at home here. How You ' ll Contribute The Strategic Sourcing and Procurement Manager is responsible for delivering category management, strategic sourcing, contract negotiations and supplier relationship management for IT and non-IT suppliers. Strong category-specific knowledge and experience is essential among IT categories such as cloud services, software including SaaS, third party data, infrastructure and architecture, and among non-IT categories such as facilities, human resources, marketing and professional services. This is a highly cross-functional position, working with business owners, executives, financial teams and more, which requires excellent relationship development and communication skills. The ideal candidate is also an analytic and thorough individual who can identify and deliver savings opportunities through complex projects and negotiations. Serve as a spend category expert for IT-specific and non-IT spend categories. Maintain in depth knowledge of external trends, future developments, key suppliers, regulatory requirements and general market practices and costs in assigned categories through ongoing research and continuing professional education. For assigned categories, implement comprehensive short and long-term category plans that include supplier rationalization and consolidation strategies, demand management, supplier relationship management programs, and cost savings plans. Analyze spend within assigned categories and deliver a pipeline of strategic sourcing projects. Execute pipeline projects, deliver associated cost savings, and regularly update the pipeline in collaboration with internal business partners. Design and lead strategic sourcing initiatives (RFI / RFP, bids, auctions, etc.) in collaboration with internal business partners, including evaluation criteria, full cost analysis and robust decision making processes. Lead and complete complex negotiations with suppliers related to scope, costs, service levels. Negotiate and finalize contract terms and conditions with suppliers. Participate in full lifecycle contract management activities including regular review, updates and management of existing contracts. Participate in the third party risk management program. Follow third party risk management requirements into category management, strategic sourcing, contracts and ongoing supplier relationship management. Initiate, develop and maintain strong professional relationships with executives and business owners aligned with assigned spend categories. Lead periodic meetings with senior leaders to provide updates, insights and status of forward-looking pipeline, and build executive sponsorship for potential changes and impacts. In collaboration with internal business partners, drive ongoing supplier relationship management activities including compliance with contracts and service level agreements, periodic business reviews, issue resolution, and completion of third party risk management requirements. Work closely with Finance team members to support business case realization, financial analysis, budgeting, forecasting and variance analysis associated with third party spending. Work closely with procurement team members to execute and manage purchase orders and related transactions for managed suppliers. Participate in the improvement and enhancement of category management, strategic sourcing, negotiation and contract management processes, procedures, tools and templates. All other duties as assigned. What You ' ll Need to Bring Bachelor's degree in Business, Finance, Supply Chain, or related experience 7+ years of category management, sourcing, negotiation and contract management experience. Category knowledge and experience in IT and non-IT categories. Experience supporting sourcing, procurement and third party risk management, preferably but not required in a financial services, technology and regulated company. Understanding foundational concepts of project management, finance, accounting, operating expense and capital spending. Proficient in Microsoft Office programs (especially Word, PowerPoint and Excel, including pivot tables, vlookups, etc.) and with applying AI solutions to Sourcing and Procurement challenges. Excellent negotiation and communication skills. Excellent relationship building skills and leads with empathy. Detailed, investigative and accuracy-oriented. Proactive, results-oriented with a bias for action. Ability to handle multiple projects simultaneously to meet specified goals and deadlines. Ability to listen carefully and ask relevant questions to gather relevant facts required. Nice-to-Haves Master's Degree a plus Why You'll Enjoy Working at Envestnet Help shape the future of WealthTech. At Envestnet you'll gain hands-on experience and collaborate with some of the industry's brightest minds to deliver meaningful, innovative solutions that make a real difference. We value flexibility in how and where work gets done, and we recognize strong performance with meaningful rewards—because your contributions should drive both business success and your own personal growth. If you're looking for a place where your work has impact, your development is supported, and your contributions are truly valued, Envestnet is where you can build your future. The opportunity is now! Sponsorship This position is not open to candidates requiring visa sponsorship Our Investment in You This role offers a base salary range of $94,600 to $118,300 . The range listed represents a good-faith estimate of base salary compensation for this position and does not include incentive compensation, equity or benefits. Individual pay will be determined based on factors including, but not limited to, relevant experience, skills, education, certifications, and geographic location, in accordance with applicable pay transparency laws. This role is eligible for an additional incentive component as part of the total rewards package. We provide a comprehensive suite of benefits - subject to Envestnet's plan eligibility rules - that support your overall well-being including, medical insurance, paid time off (PTO), 401k company match, paid parental leave, education reimbursement, disability coverage and mental health & wellness support. Our investment in you means supporting you professionally, financially, and personally at every stage of your journey with us. Please visit our benefits page on our career site to learn more. Our Commitment to Inclusion & Belonging Envestnet is an Equal Opportunity Employer and is committed to creating an inclusive environment for all employees and applicants. We welcome and value individuals of all backgrounds and do not discriminate based on race, color, religion, creed, sex (including pregnancy or related medical conditions), gender identity or expression, sexual orientation, national origin, ancestry, age, disability, genetic information, military or veteran status, citizenship status, or any other status protected by applicable law. We encourage individuals from all backgrounds to apply. We strive to provide an inclusive application and interview process. If you are a candidate with a disability and require reasonable accommodation, please contact us at careers@envestnet.com. Please include your full name, the title of the role you are applying for, and the accommodation necessary to assist you with the recruiting process. Recruitment Fraud At Envestnet, safeguarding the trust and safety of job seekers is a top priority. We are aware that scammers may impersonate Envestnet recruiters or create fake job opportunities to deceive candidates. Review the information on our recruitment fraud awareness page to help you recognize and avoid recruitment fraud. #LI-MD1