Job Family

Procurement

About Us 

 

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.  

 

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there. 

     

Who We Are 

  

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.  

Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them. 

We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms. 

What We Do 

 

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs. 

 

Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.  

Job Description Summary

Help our procurement team move up the value chain and become trusted advisors to the business. Provide strategic leadership in driving continuous improvement of the overall sourcing end-to-end lifecycle by implementing industry best practices to reduce spend, mitigate risk, increase supplier-driven value, and improve process efficiency and effectiveness for our internal business partners and strategic relationships. Manage the procurement organization to successfully execute all enabling activities including contracting, governance, and communications.

Job Description

Responsibilities:

Achieve the target operating model and deliver procurement functional excellence that supports Transamerica’s growth and performance objectives, including sourcing strategy, indirect contracting, and ongoing skills and capabilities assessment for people and resources throughout the end-to-end procurement process. 

Provide leadership to the strategic procurement team, including performance coaching and mentoring, and create developmental opportunities to build strong, qualified subject matter experts knowledgeable of industry-leading practices that meet the leadership expectations for keeping pace in our fluid and dynamic business and operating environment.  

Work with executive team to manage the organizational change and adoption of the procurement transformation strategy, including organization structure, tools, processes, policies, and training. 

Identify and implement new opportunities for supplier-driven value creation, cost savings, cost avoidance, and revenue generation, and proactively track progress towards these objectives. Continually refine these programs to deliver optimal results for the company, balancing cost, speed, capabilities, etc. of each individual procurement. 

Manage the contracting process, partnering with key stakeholders such as Legal, Third-Party Risk Management, and Service Delivery organizations, including leading and supporting negotiations with suppliers, contractors, and partners. 

Improve Category Management functional excellence and outcomes to strategically enable procurement initiatives that achieve stakeholder business imperatives. 

Build collaboration among diverse groups through effective communication, consensus, and team building within procurement and across our business partners and stakeholders. 

Analyze all current systems and applications currently leveraged in the Procurement team and identify streamlining opportunities as well as areas we could further exploit untapped functionality in systems like Concur, Ariba, Fieldglass, and SirionLabs and propose value-adding new technologies that have a positive business case. 

Identify opportunities for “Global Contracts” that enables the organization to exploit our combined purchasing leverage and build strong working relationships with the other Global Procurement leadership for any global projects or synergies.  

 

Qualifications: 

Bachelor’s degree in a business field or equivalent work experience  

Ten years of procurement experience developing targets, leading change management, and developing and implementing strategic sourcing strategies and contracting activities

Seven years of management experience  

Deep understanding of relevant contractual Terms, such as limitation of liability, warranty, indemnity, information security, data privacy, etc. 

Experience developing and implementing requirements/change management methodologies to execute strategic sourcing activities  

Experience developing and implementing requirements to execute and enhance day-to-day strategic sourcing and procurement activities 

Excellent written and oral communications skills to work with internal and external stakeholders

Ability to collaborate and present information to staff and management at all levels  

Ability to maintain compliance with internal policies and external regulations.  

Strong negotiation skills with vendors, contractors, and customers. 

Analytical approach to problem solving, with a focus on managing a team environment with attention to results and with a sense of urgency. 

Experience with common procurement systems/technology (such as Ariba, Concur, Fieldglass, SirionLabs, Workday, Ecovadis, etc.) 

 

Preferred Qualifications: 

Certified Sourcing Professional (CSP), Certified Outsourcing Professional (COP), or similar industry certification. 

Lean Six Sigma, Kaizen or other Business Process Improvement methodology experience. 

Active participation in Sourcing, Procurement, and or Outsourcing Industry Associations such as Sourcing Industry Group (SIG), International Association of Outsourcing Professionals (IAOP), Procurement Foundry, institute for Supply Management (ISM), or National Contract Management Association (NCMA). 

Experience in procurement transformation, coaching, and mentoring teams as they move up the value chain 

Experience with the WAVE business transformation process as an initiative owner, workstream lead, and/or milestone owner. 

Working Conditions:

Non-commuting Remote employees will not be assigned to report to a Company office location (although they may need to travel to a Company office upon request) and will perform their work remotely.

Moderate travel for team meetings and supplier visits

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.** 

The Salary for this position generally ranges between $175,000 - $195,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.  

Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at Company discretion. 

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

Worried about not having every single qualification listed? It’s okay. If it’s a role you’re interested in, we encourage you to apply. Employees who enjoy their jobs are one of our favorite things. 

What We Offer  

 

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees. 

 

Compensation Benefits 

Competitive Pay 

Bonus for Eligible Employees 

 

Benefits Package 

Pension Plan 

401k Match

Employee Stock Purchase Plan

Tuition Reimbursement

Disability Insurance

Medical Insurance

Dental Insurance

Vision Insurance

Employee Discounts

Career Training & Development Opportunities

 

Health and Work/Life Balance Benefits 

Paid Time Off starting at 160 hours annually for employees in their first year of service.

Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars 

Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.

Adoption Assistance

Employee Assistance Program

College Coach Program

Back-Up Care Program

PTO for Volunteer Hours

Employee Matching Gifts Program

Employee Resource Groups

Inclusion and Diversity Programs

Employee Recognition Program

Referral Bonus Programs

 

Inclusion & Diversity  

  

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women. 

  

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all. 

   

Giving Back  

  

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.     

  

Transamerica’s Parent Company  

 

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has  grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.   

* As of December 31, 2023