Procurement Associate

About Wealth Enhancement

Wealth Enhancement is an independent wealth management firm with an endless passion for enriching the lives of our clients. We continually seek to perfect our craft of personalized financial planning with our team-based Roundtable and UniFi processes that go far beyond the standard approach. We proudly provide unique financial plans and investment management services to over 80,000 households from our over 140 offices - and growing - nationwide.

Since 1997, Wealth Enhancement has tirelessly raised the standard of wealth management with specialized knowledge and more attentive service that helps every client craft their future. For more information, please visit www.wealthenhancement.com.

Due to our aggressive growth trajectory, we are looking for a Procurement Associate to support the execution category strategies throughout all phases of the vendor lifecycle in collaboration with the business. The scope of the role will span across all of Wealth Enhancement's category verticals of Corporate Services, Professional Services, Technology and Products & Partners.

This role is a remote opportunity.

In the spirit of pay transparency, we are excited to share the base salary range for this position is $55,000.00 to $75,000.00, exclusive of bonuses and benefits. This position is also eligible for an annual team bonus. We encourage you to apply and provide us with your compensation expectations when you do. We’re big on open conversations, so, let’s have one.

Primary Job Functions
 

Strategic Planning

• Interacts routinely with internal business stakeholders and external vendor partners to understand strategic objectives and near/long term plans

• Supports execution of planned project initiatives and contract actions

• Collaborates with business units to incorporate procurement initiatives into financial and operational plans

• Ensures ongoing review and optimization of Category Strategies as a key enabler to business success

Category Management

• Supports and contributes to the Category Strategy, including supplier portfolio, capabilities, risk profiles, market trends, and areas of opportunity

• Applies a strategic mindset to execute on savings/efficiency opportunities

• Engages in data analysis to quantify spend forecasts and realized savings

Sourcing Events & Negotiation

• Interacts with vendors – including negotiations, RFx events, and supplier reviews

• Supports strategic recommendations on market opportunities, negotiation tactics, and points of leverage in order to deliver results

• Executes tasks, creates deliverables, and applies administrative support in Jira Projects and Ironclad Contracts platforms to ensure initiatives are delivered timely, completely, and in alignment with WE processes

Contract Review

• Reviews proposed terms and conditions pursuant to vendor engagements

• Recommends contract language improvements to both business and legal terms in alignment with desired positions and outcomes

• Leverages Ironclad Contract system for contract review, revisions and storage

Cross-Functional Collaboration & Leadership

• Contributes to and is accountable for execution of project initiatives

• Facilitates interaction with other internal/external stakeholders in support of desired business outcomes

• Collaborates with Legal, IT-Security, Compliance, and other control groups to mitigate risk, support diligence reviews in vendor engagements
   

Education/Qualifications

• Bachelor's Degree in business or related field required

• 1-3 years experience in purchasing and/or supporting sourcing projects

• Previous exposure to multiple services and/or technology categories

• Capable of interfacing with business stakeholders, both internally and externally

• Strong verbal and written communication skills

• Strong analytical skills

• Proficient with Microsoft Office Suite or related software

• Experience with contract lifecycle management and sourcing projects workflow

Wealth Enhancement hires employees and makes decisions about their salary qualifications based on factors such as: the role to be performed; educational and professional experience, qualifications, skills and credentials; tenure, cost-of-living and demand for the role in the applicable market. To comply with state pay transparency laws, we must disclose the entire salary grade. The entire salary grade for those who are classified as the individual contributor level is $58,300.00 to $81,600.00. However, the base salary range bolded above is what we expect to pay as a starting range for this position.
#LI-HB1

#LI-Remote

Comprehensive Benefits Offerings

Our benefits aim to balance four key elements that make life and work meaningful: health and wellness, financial well-being, professional development, and work/life harmony. You may be eligible to participate in the following benefits & development opportunities:

• Training and professional development

• Medical, dental and vision coverage (Available to full-time employees and their families)

• Health Savings Account (HSA) with employer contribution and Flexible Spending Accounts (FSA) for medical, dependent, and transit expenses

• Life and AD&D insurance – employer paid and voluntary options

• Short-term and long-term disability, workers compensation – employer paid

• 401k with match and profit sharing

• Wellness programs and resources

• Voluntary benefits, including pet insurance

• 18 days of paid time off (PTO), accrued annually (25 PTO days after 4 years of service)

• 12 paid holidays each year (10 pre-determined and 2 floating days)

• Paid parental leave and paid caregiver leave (Caregiver leave available after 6 months of tenure)

• Reimbursement for tuition, licensing, and other credentials (Available after meeting service requirements)

Should you need reasonable accommodation when completing the application form or during the selection process, contact the Human Resources Department at 763-417-1700

Information provided on this application will be kept confidential and only be shared with those involved in the selection process.
Equal Opportunity Employer, including disabled and veterans. This organization participates in E-Verify.

Click the following link to view Federal and E-Verify posters: Link

OSHA Requirements: This position requires the ability to stand or sit for long periods of time, file documents in high or low cabinets, to use the telephone and to use the computer systems.

Wealth Enhancement may use artificial intelligence (AI) tools to assist in the initial screening of resumes. All AI-supported evaluations are reviewed by our recruitment team to ensure accuracy and fairness. We are committed to equal opportunity in employment and do not discriminate based on race, color, religion, sex, national origin, age, disability, or any other protected status. Your personal information is handled in accordance with applicable data protection laws.