Principal Procurement Specialist

This is a fully remote position, open to applicants in Iowa.

📋 Description

• Proactively manage suppliers to ensure timely delivery through precise status updates, oversight, and recovery efforts.

• Present root cause analyses and corrective actions to leadership based on performance metrics and supplier-related issues.

• Comprehend Statements of Work and hold suppliers accountable for meeting specified requirements.

• Implement key metrics to guarantee optimal program performance.

• Formally document purchase orders following FAR/DFAR regulations.

• Conduct post-award management tasks, including PO acknowledgment, delivery status updates, expedites, risk mitigation, and resolution of receiving and invoice issues.

• Engage significantly with suppliers in collaboration with Program Integrated Product Teams.

• Participate in supplier development initiatives when necessary.

• Assist in procurement activities for materials across various Raytheon programs.

⛳️ Requirements

• A University Degree or equivalent experience with a minimum of 5 years of relevant experience, or an Advanced Degree in a related field with at least 3 years of experience.

• Prior experience in procurement.

• U.S. citizenship is mandatory.

• Experience in reviewing drawings, specifications, and purchase history to formulate sourcing strategies.

• Proven experience in preparing and issuing RFQs to suppliers and ensuring clarity through follow-ups.

• Competence in documenting purchase orders, which includes award summaries, source justification, price analysis methodology, negotiation strategies and summaries, performance against budget/target, and risk assessment.

• Familiarity with Statements of Work (SOW).

• Willingness to support travel up to 25%.

🏝️ Benefits

• Medical insurance

• Dental insurance

• Vision insurance

• Life insurance

• Short-term disability

• Long-term disability

• 401(k) match

• Flexible spending accounts

• Flexible work schedules

• Employee assistance program

• Employee Scholar Program

• Parental leave

• Paid time off

• Holidays

• Annual short-term and/or long-term incentive compensation programs, subject to eligibility and performance

• Primarily offsite work from home for remote roles