Procurement Executive

4 days ago

Hyderabad, India Cotiviti Full time

Overview:
Procurement Executive, SVS

Strategic Vendor Solutions ("SVS") provides support services to the entire Cotiviti, Inc. ("Cotiviti") organization for the contracting of vendors who provide products and services to Cotiviti as well as any vendors with potential to join Cotiviti's mission through a joint venture, product development or some other form of strategic partnership.

Cotiviti is a leader in analytics driven healthcare payment accuracy and quality-based solutions with locations in the USA, Canada, Nepal and India and relies heavily on leading edge technology to deliver these products and services to our wide range of customers. SVS is tasked with driving best in class strategic sourcing starting with initial vendor engagement and contracting to vendor performance and risk management. The team’s key objectives are to manage risks while driving savings, standardization and continual improvement, and assuring that the contractual business approach is aligned across customer and vendor segments.

Key activities include supporting SVS in strategic sourcing, contracting, the invoicing process, vendor performance review, and risk management. The Procurement Executive under the guidance of an SVS Manager/Director, will support Cotiviti business leaders as they leverage third-party resources to deliver the business requirements for our products and services. To accomplish these responsibilities, the Procurement Executive will leverage cross-functional relationships and partnerships with key stakeholders within the Legal, HR, Compliance, Finance and Security teams. Vendor negotiations and contract review, analysis, and risk mitigation are a fundamental part of this role.

Key Responsibilities:
Sourcing / Procurement:

- Support SVS in the overall vendor contracting process
- Third-party contract management and execution
- Clarify, document and support business requirements for vendor purchases, identify potential third-party vendors, and complete contracts within an organization that is growing and undergoing change.
- Provide support for sourcing for all categories such as IT, business process outsourcing, and professional services.
- Help support and manage contract renewals and amendments
- Ensure details are contractually captured (quotes, contracts, statements of work, metrics, etc.), negotiate pricing, drive best value for the business, establish and communicate contracting timelines
- Ensure details are accurately captured in Cotiviti P2P and Contract Management systems (contract type, requester, vendor details, requested date, etc.)

Key Attributes:

- Requires strong attention to detail
- Requires the ability to manage a high volume of contract requests in a timely manner
- Ability to multi-task and prioritize multiple projects under tight deadlines
- Strong communication skills, both written and verbal
- Ability to operate/learn multiple software systems and follow established guidelines
- 1-3 years of work experience contracting with vendors

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