Sourcing Manager

Overview

When you join Hines, you will embark on a career journey fueled by vision and guided by leaders who set the standards of our industry. Our legacy is rooted in innovation and excellence, earning us a spot on Fast Company’s esteemed annual list of the World’s Most Innovative Companies, as well as recognition as one of U.S. News & World Report’s Best Companies to Work For in 2024. Discover endless opportunities to grow and make your mark at Hines.

Responsibilities

In this role, which is part of the Americas Management Services Sourcing Platform Team, the Sourcing Manager will primarily support the development and expansion of our strategic and national vendor partnerships. The position contributes to the success of the Sourcing Platform by negotiating contracts that support company goals, deliver value and reduce our operating expenses. Near term, the position will also support efforts to expand use of our Source-to-Pay tool and assist with completing implementation of our new supplier screening and risk management program.

Note: This is an individual contributor role, with no direct reports.

Lead development and expansion of our Strategic and National Partner (S&NP) programs, including:

• Reviewing spend data and performance input to vet existing vendors for participation in the programs
• Doing market research and meeting with prospective vendors, including emerging industry leaders, to identify new candidates for the programs
• Negotiating and executing contracts with vendors selected for either program and any identified as a result of a group (national or regional) RFP led by other members of the team that ensure quality of service, lower operating costs and provide other benefits to our commercial property (PM), facility (FM) and multi-family (MF) management teams
• Assisting PM, FM and MF teams with completing subscriber joinders, property or account specific contracts and/or sub-account set up with vendors in the program
• Assisting with resolution of any serious issues arising related to vendors in the program
• Growing Hines’ business with vendors in the program to maximize savings opportunities and ensure we achieve full value associated with volume based benefits

Provide sourcing/procurement support and services in other areas, including:

• Tracking and reporting savings for all completed agreements and initiatives
• Guiding and advising management services personnel on procurement policies, procedures, opportunities and best practices
• Assisting with remediation of any serious issues or risks arising with critical service vendors not in the S&NP program.
• Creating and adding new content, including training materials, tools and templates, to the platform team’s document and resource library
• Assisting with third-party pricing validation and other sourcing/procurement support needs associated with PM or FM business development efforts
• Assisting with vendor data validation, training and transition of legacy vendors to the new supplier screening program

Qualifications

Minimum Requirements include:

• Bachelor’s degree from an accredited institution or equivalent years of direct experience required
• Advanced sourcing or procurement training and/or certification desired
• Five or more years of experience in sourcing/procurement, preferably in the commercial real estate industry
• Three or more years of experience managing and/or negotiating contract terms, conditions, scope and pricing for complex services such as janitorial, landscaping, HVAC, elevator, security, FLS or electrical maintenance/repair
• Experience managing multiple sourcing/procurement projects or tasks simultaneously
• Experience identifying and proactively remediating supplier risks and issues
• Prior experience with Coupa Source to Pay and/or GRMS/Veritas (Risk Management vendor & tool)
• In-depth knowledge of financial terms and principles, including the ability to effectively analyze complex reports and data to accurately compare costs, identify savings opportunities and spend anomalies
• Knowledge of contract law and ability to independently negotiate common terms and conditions
• Excellent written and verbal communication skills
• Self-motivated with excellent organizational skills and ability to perform duties on schedule with minimal supervision
• Ability to manage sensitive and confidential information appropriately and with a high level of discretion
• Travel, as needed, 5-10% (typically not more than once per quarter)
• Work indoors approximately 90% of the time and outdoors 10% of the time
• Flexible work hours due to servicing internal customers and suppliers spanning multiple US time zones. More than 40 hour work weeks will occasionally be necessary to support business needs.
• Compensation: Chicago - $96,500 - $137,900; Houston, Raleigh, and Atlanta - will be determined based on experience

At Hines, we strive for excellence as a leading global real estate investment manager, driven by our by our belief that real estate is fundamentally about people. Our diverse portfolio spans $93.2 billion¹ of assets across such property types as living, office, retail, mixed-use, logistics and life science projects – all designed to enhance value, connection and inspiration. Our strategic approach integrates local expertise with global knowledge, taking calculated risks aligned with our convictions to exceed expectations and tailor solutions to our clients' needs.

While our projects are renowned for enhancing cities and pioneering sustainable practices, we recognize that the true driving force behind Hines' success is our 5,000 dedicated employees in 30 countries who draw on our 65-year history to build the world forward. This is why we prioritize investing in our people, offering comprehensive training, competitive compensation, robust benefits and generous vacation packages. By centering our focus on the growth and wellbeing of our team, we cultivate an inclusive environment where everyone, including our clients, can thrive.

Hines is proud to be named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2024. ¹Includes both the global Hines organization and RIA AUM as of December 31, 2023.

We are an equal opportunity employer and support workforce diversity.

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