[Hiring] Procurement Specialist III @Teladoc Health

Role Description

The Procurement Specialist III is an experienced procurement professional responsible for independently managing complex purchasing, sourcing, and contract execution activities across indirect spend categories. This role drives value through advanced supplier engagement, contract administration, and Procure-to-Pay (P2P) process execution within Oracle. The Procurement Specialist III partners closely with business leaders, Legal, Privacy counsel, Info/Cyber Security, QA/RA, Compliance, Finance and Responsible AI to ensure timely contractual reviews are conducted and onboarding, risk mitigation, and delivery of procurement services and/or solutions that support business continuity and cost savings initiatives. The Procurement Specialist III will conduct ABRs, QBRs with 3rd party vendors and is expected to maintain contracts repository and various trackers to update their status of assigned tasks and requests accordingly.

• Independently manage complex procurement requests, including sourcing, pricing analysis, contract review coordination, and execution.
• Serve as a primary Procurement partner for assigned functional areas (e.g., IT, SaaS, Marketing, HR, Professional Services, etc.).
• Lead supplier sourcing activities, including competitive bids, commercial term negotiations, and renewal strategy development.
• Administer and optimize SaaS, MSA, Contract Purchasing Agreements (CPA) and Business Pricing Agreements (BPA), if applicable.
• Partner with Procurement Leadership to identify cost-saving opportunities and supplier consolidation initiatives.
• Provide guidance to business stakeholders on procurement policies, intake requirements, and timelines.
• Drive end-to-end Purchase Requisition and Contract lifecycle execution, including new vendor onboarding.
• Coordinate legal, privacy, information security, and compliance reviews to meet contract execution deadlines.
• Evaluate requisition accuracy and completeness, ensuring compliance with procurement standards.
• Develop and manage proactive action plans for renewals, expirations, and risk mitigation.
• Maintain accurate documentation, sourcing artifacts, and KPI reporting.
• Contribute to continuous improvement of procurement processes, intake quality, and service levels.
• Serve as a subject matter expert on procurement tools, policies, and indirect spend best practices.
• Negotiate contracts based on strategic and financial goals, prior contract performance, projected contract performance, and thresholds.
• Plan, prioritize, collaborate, and communicate information regarding projects, issues, and negotiations to ensure relationships are maintained.
• Manage negotiations, contract, and Business contingency plan for applicable Indirect category.
• Drive cost reduction initiatives through effective negotiation, value engineering, and alternative sourcing strategies.
• Manage overall Compliance-related assessments with suppliers, internal cross-functional teams, and stakeholders.
• Communicate clearly, effectively, and respectfully to employees and supplier partners and manage to provide status updates on a timely basis.

Qualifications

• 7+ years of progressive experience in indirect procurement (e.g., IT, Software/SaaS, Marketing, HR, Professional Services).
• Strong experience supporting sourcing, contract lifecycle management, and supplier negotiations.
• Demonstrated ability to independently manage procurement initiatives with minimal oversight.
• Strong organizational, analytical, and problem-solving skills.
• Excellent written and verbal communication skills; ability to interact effectively with senior stakeholders.
• Proven ability to manage multiple priorities in a deadline-driven environment.
• Experience working within structured procurement lifecycles and governance models.
• Working knowledge of contract terms, risk considerations, and compliance requirements.
• Experience with P2P ERP platforms (Oracle strongly preferred).
• Strong Microsoft Office skills (Excel, Word, PowerPoint).
• Bachelor’s degree in Business, Supply Chain, Finance, or related field preferred (or equivalent Procurement experience with demonstrated contract and Supplier Management expertise).

Requirements

• To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily.
• Reasonable accommodations may be made to enable qualified individuals with disabilities to perform essential job functions.

Benefits

• Enjoy an inclusive benefits program centered around you and your family, with tailored programs that address your unique needs.