Procurement Specialist(Hybrid) at GeneDx in Gaithersburg, MD

Summary: GeneDx is a leader in personalized health insights and genomic testing. The Procurement Specialist will manage procurement activities to support operational and compliance objectives, engaging with suppliers and ensuring alignment with company policies. Responsibilities: - Independently manage purchase requests and procurement activities for a range of goods and services, applying professional judgment to ensure compliance with company policies and business objectives - Evaluate requisitions for completeness, appropriateness, and risk, and determine the most effective procurement approach based on spend level, complexity, and business impact - Support competitive sourcing initiatives by developing RFQs/RFPs, analyzing supplier proposals, documenting selection rationale, and providing recommendations to internal stakeholders - Apply analytical and critical thinking skills to compare supplier offerings and assess total cost, risk, and qualitative factors - Engage directly with suppliers to negotiate pricing, service levels, delivery timelines, and commercial terms, exercising discretion to balance cost, quality, risk, and operational needs - Identify and resolve supplier issues by analyzing root causes and recommending solutions that support continuity of service and value creation - Lead vendor onboarding activities, ensuring appropriate due diligence, documentation, and risk reviews are completed in accordance with company standards - Partner with Legal, Finance, and other stakeholders to address compliance, risk, and control considerations throughout the vendor lifecycle - Support the preparation, review, and analysis of contracts, statements of work, and amendments by identifying commercial, operational, and compliance considerations and escalating issues as appropriate - Ensure procurement activities align with contractual requirements and internal approval protocols - Act as a procurement subject matter resource to internal business partners, advising on procurement processes, timelines, and best practices - Collaborate with Legal, Accounting, Finance, and Accounts Payable to resolve issues, support audits, and improve procure-to-pay effectiveness - Coordinate with Accounts Payable to resolve invoice discrepancies and ensure accurate and timely payment - Maintain accurate procurement records and generate reports in NetSuite to support transparency, audit readiness, and management decision making - Apply and reinforce procurement policies, controls, and Delegation of Authority requirements, exercising independent judgment to identify exceptions, risks, or non-standard scenarios Required Qualifications: - Bachelor's degree (BA/BS) required, or equivalent combination of education and professional experience - 1–3 years of professional procurement or related business experience, preferably in a high volume or regulated environment - Demonstrated ability to exercise independent judgment, analyze information, and make recommendations that impact business outcomes - Strong attention to detail and problem-solving skills - Solid understanding of procurement processes, policies, and internal controls - Strong written and verbal communication skills, with the ability to engage effectively with stakeholders at multiple levels - Proven organizational and prioritization skills, with the ability to manage multiple competing priorities - Proficiency in Microsoft Office, including strong Excel skills Preferred Qualifications: - Experience using NetSuite or similar ERP systems for purchasing and reporting - Biotech, healthcare, or life sciences industry experience - Familiarity with compliance frameworks such as SOC 2, SOX, or regulated procurement environments Required Skills: Procurement Processes, Supplier Negotiations, Contract Analysis, Risk Management, Vendor Onboarding, NetSuite, Microsoft Excel, Compliance Frameworks - SOC 2, Compliance Frameworks - SOX, Regulated Procurement Environments, Biotech Industry Knowledge, Healthcare Industry Knowledge, Life Sciences Industry Knowledge Benefits: Paid Time Off (PTO), Health, Dental, Vision and Life insurance, 401k Retirement Savings Plan, Employee Stock Purchase Plan, Employee Discounts, Voluntary benefits, Programs for parents and parents-to-be, Expert support for family planning, pregnancy, and postpartum care, including up to 22 weeks of fully paid parental leave (U.S.) and up to $25K annually for fertility, adoption, or surrogacy.