Strategic Sourcing Manager - Contingent Labor & Professional Services

Company: Insmed Incorporated
Location: Bridgewater
Posted on: July 10, 2025

Job Description:

Company Description Insmed is a global biopharmaceutical company on a mission to transform the lives of patients living with serious and rare diseases. Our most valuable resource is our employees, and everything we do is motivated by a patients-first mentality. We are dedicated to growing our team with talented individuals from around the world who are willing to challenge the status quo, solve problems, and work collaboratively with a sense of urgency and compassion. Guided by our core values of collaboration, accountability, passion, respect, and integrity, we aim to foster an inclusive, diverse, and flexible work environment, where our employees are recognized for leaning in and rolling up their sleeves. If you share our vision and want to work with the most dedicated people in the biopharma industry, come to Insmed to accelerate your career. Recognitions Consistently Ranked Science 's Top Employer Insmed is dedicated to creating a collaborative environment where our team can thrive. Every day, our employees turn their passion for science and research into innovative solutions for patients. That's why we've been named the No. 1 company to work for in the biopharma industry in Science 's Top Employers survey for four years in a row. A Certified Great Place to Work® We believe our company is truly special, and our employees agree. In July 2024, we became Great Place to Work-certified in the U.S. for the fourth year in a row. We are also honored to have been listed on the Best Workplaces in Biopharma™, Best Workplaces in New York™, PEOPLE® Companies That Care, Best Workplaces for Women™, Best Workplaces for Millennials™, and Best Medium Workplaces™ lists. Overview The Strategic Sourcing Manager will be responsible for managing the indirect procurement of the organization's Contingent Labor and Professional Services (Consulting and Managed Services) workforce categories and for overseeing the daily operations, strategy development, sourcing, negotiation and ongoing governance of our external workforce solutions . This position will contribute to the organization in the following ways: o Administration of the Contingent Labor Program: The Strategic Sourcing Manager will be responsible for overseeing day-to-day operations of our MSP partner; ensuring requests for new resources meet Insmed's internal policy and requirements, assisting in the financial management of open requisitions, and managing any escalations from the MSP to ensure alignment with HR, Talent Acquisition and Legal partners. o Strategic Oversight / Supplier Relationship Management of MSP Provider: The Strategic Sourcing Manager will partner with and provide strategic oversight of the MSP provider to develop a roadmap to meet the needs of program stakeholders, which may include monitoring and increasing performance metrics, ideating and executing financial savings, and partnering with internal stakeholders to identify opportunities for supplier additions and rationalizations. This position will also be responsible for developing and distributing reports on program metrics. o Professional Services Strategic Sourcing Activities: The Strategic Sourcing Manager will partner with key stakeholders to understand the needs and requirements for incremental Consulting Services and Managed Services within the company and collaboratively develop and implement strategies to meet and execute on those needs. Additionally, this individual will be responsible for Supplier Relationship M anagement and future negotiations with incumbent partners. Additionally, this individual will work with key stakeholders and suppliers to evaluate policies and processes within this area of the business to develop and execute continuous improvement plans. This position will report to the Director of Strategic Sourcing. Given that this will be a first-generation program within the company, strong knowledge and exhibited experience within these categories is critical to demonstrate procurement value to key stakeholders and drive adoption of best practices. The ideal candidate for this position will be a strong collaborator who is a self-motivated problem solver with a proven track record of operating autonomously. Responsibilities Responsibilities: Understand business requirements, and develop and implement sourcing strategies for contingent labor, including MSP and SOW-based engagements. Administer the contingent labor program through partnership with the MSP and VMS platform, ensuring business partners are aware of their responsibilities in the process. Serve as the subject matter authority for contingent workforce procurement processes and standard methodologies. Lead RFPs, vendor selection, contract negotiations and onboarding as needed for Professional Services (SOW) providers. Handle vendor performance, SLAs and critical metrics to ensure alignment with business needs. Collaborate with HR, Legal, and business leaders to define contingent workforce requirements and ensure compliance with labor laws and internal policies. Monitor market trends, compliance requirements and risk factors related to contingent workforce management. Track and analyze spend to identify initiatives to optimize spending and value to the organization. Position Requirements: Bachelor's degree in Supply Chain, Business, HR or other related field is required. Master's Degree/MBA experience is a plus. Minimum of 7 years of experience, including strategic sourcing, indirect procurement management, HR Operations, and/or Talent Acquisition, with at least 3 years in contingent labor or professional services procurement. Experience working with global contingent labor programs is desired. Experience in pharma/biotech/life sciences and solid understanding of drug development processes is highly desirable. Experience working in mid-cap sized company highly desired. Must exhibit a strong understanding of labor categories, classification (W2 v. 1099) and contingent workforce compliance. Familiarity with co-employment risks and mitigation strategies is strongly desired. Must have strong project management and excellent communication skills (verbal and written), with strong attention to clarity, accuracy, and conciseness. Consistent track record of cross-functional collaboration with confirmed ability to incorporate collaborator feedback and influence outcomes. Strong business/financial competence, with confirmed negotiation skills Experience with VMS platforms and knowledge of procurement software and systems is required. Must successfully exhibit Insmed's five (5) core corporate competencies of: Collaboration, Accountability, Passion, Respect, and Integrity; along with any other position specific competencies. Salary Range $111,000 - $156,133 a year Compensation & Benefits At Insmed, we're committed to investing in every team member's total well-being, now and in the future. Our benefit programs vary by country but we offer the following to all Insmed team members, regardless of geographic location: Flexible approach to how we work Health benefits and time-off plans Competitive compensation package, including bonus Equity Awards (Long-Term Incentives) Employee Stock Purchase Plan (ESPP) For more information on U.S. benefits click here . Additional Information Insmed Incorporated is an Equal Opportunity employer. We do not discriminate in hiring on the basis of physical or mental disability, protected veteran status, or any other characteristic protected by federal, state, or local law. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Unsolicited resumes from agencies should not be forwarded to Insmed. Insmed will not be responsible for any fees arising from the use of resumes through this source. Insmed will only pay a fee to agencies if a formal agreement between Insmed and the agency has been established. The Human Resources department is responsible for all recruitment activities; please contact us directly to be considered for a formal agreement. Insmed is committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation to participate in the job application or interview process, please contact us by email at TotalRewards@insmed.com and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this email address. Applications are accepted for 5 calendar days from the date posted or until the position is filled.

Keywords: Insmed Incorporated, Sayreville , Strategic Sourcing Manager - Contingent Labor & Professional Services, Human Resources , Bridgewater, New Jersey