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Principal, Spend Management Lead at Vizient in Virtual Office
Job Description
Principal, Spend Management Lead
Location: Virtual Office
When you’re the best, we’re the best. We instill an environment where employees feel engaged, satisfied and able to contribute their unique skills and talents while living and working as their authentic selves. We provide extensive opportunities for personal and professional development, building both employee competence and organizational capability to fuel exceptional performance through an inclusive environment both now and in the future.
Summary:
In this role, you will be accountable for leading the successful delivery of complex Spend Management domain engagements, aligning Vizient’s resources, programs, and methodologies with clients’ strategic objectives as outlined in the Statement of Work (SOW). This client-facing role involves managing delivery teams across sub-domain areas to drive client value, ensuring financial improvement targets are achieved while fostering strong client relationships and governance.
Responsibilities:
Strategic Ownership:
Own accountability of engagement deliverables, financial outcomes, and compliance with the SOW while ensuring adherence to the Spend Management Partnership Management Methodology (SM-PMM). Rejects deviations that may impact quality or results.
Build client trust, gain buy-in for initiatives and influence Financial Impact Agreements (FIAs) and strategic decisions.
Operational Oversight:
Manage resource allocation by aligning SME hours and staff assignments with engagement objectives while overseeing scope control and risk management. Rejects unauthorized activities outside the SOW unless formally approved with mitigation measures.
Track key performance indicators and proactively communicates issues to internal and external stakeholders.
Governance and Compliance:
Establish and lead the Vizient/Client governance structure for the engagement, including Steering Committee meetings and C-Suite updates.
Maintain financial compliance and vetoes decisions that exceed budgets, impact margins, or misuse SME hours.
Safeguard quality control by escalating unresolved issues and adhering to governance standards.
Leadership and Team Development:
Drive accountability within the team by coaching, guiding, and fostering a high-performance culture.
Lead with influence to align teams on goals, while promoting professional development, ethical behavior, and collaboration.
Client Engagement and Communication:
Develop and maintain productive relationships with clients and suppliers to ensure high satisfaction and successful outcomes.
Craft and deliver clear, confident, and persuasive communications to senior executive-level audiences within Vizient and client organizations.
Facilitate internal and external meetings, ensuring alignment across workstreams and signoffs on critical milestones.
Risk and Value Management:
Understand and manage engagement scope, timeline, financials, risks, and dependencies.
Track engagement performance using quantitative and qualitative measures of value, velocity, and satisfaction.
Qualifications:
Relevant degree preferred. Master's degree in healthcare administration, business administration, or a closely related field desired.
10 or more years of relevant experience required.
Extensive experience in spend management within a supplier, hospital system, or consulting is required.
Ability to make effective and efficient strategic decisions and prudent judgment to achieve long-range and short-term goals.
Must have executive presence and strong communication skills.
Capable of rapidly building trust, relationships, and credibility.
Promote and preserve the Vizient culture both within the team and in communications with other teams, projecting a strong work ethic, helpfulness, compassion, integrity, and character.
Proven ability to work positively with a wide range of individuals and groups that includes having excellent consensus building and conflict resolution skills.
The ability to positively influence, inspire and motivate people’s behaviors and actions.
Ability to travel regularly and expeditiously throughout the year to meet clients’ needs and timetables.
Estimated Hiring Range:
At Vizient, we consider skills, experience, and organizational needs in our compensation approach. Geographic factors may adjust the range estimate and hires typically fall below the top range. Compensation decisions are tailored to individual circumstances. The current salary range for this role is $187,800.00 to $348,300.00.This position is also incentive eligible.
Vizient has a comprehensive benefits plan! Please view our benefits here:
http://www.vizientinc.com/about-us/careers
Equal Opportunity Employer: Females/Minorities/Veterans/Individuals with Disabilities
The Company is committed to equal employment opportunity to all employees and applicants without regard to race, religion, color, gender identity, ethnicity, age, national origin, sexual orientation, disability status, veteran status or any other category protected by applicable law.