Senior Strategic Sourcing Manager

Tricon Residential is anownerand operatorofa growing portfolioof morethan 38,000 single-family rental homes in the U.S.Sun Beltand multi-familyapartmentsin Canada.

Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon's culture and business philosophy.

We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams.

Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage.

At Tricon, we imagine a world where housing unlocks life's potential. For more information, visit Tricon Residential .

Job Description

Tricon Residential, recently acquired by Blackstone, is looking for a high-caliber Sr. Manager, Procurement & Supply Chain to join our growing Supply Chain & Procurement team.

The incumbent will be instrumental in developing inventory management strategies, material programs, and leading cross-functional teams to execute strategic initiatives across Tricon's markets.

The ideal candidate will bring expertise in market analysis, vendor management, and cost-effective procurement practices.

The role also works closely with Sourcing and Vendor Management teams to ensure all vendors meet and adhere to our company's standards, regulations, and operational requirements, creating a seamless, efficient, and risk-mitigated vendor partnership ecosystem.

This role will also concentrate on enhancing relationships will Tricon's vendor community while helping further develop Tricon's Strategic Vendor Partners.

The ideal candidate will have a strong background in materials management. As part of a rapidly growing company, industry, and department, this position will require innovative thinking and a desire to constantly improve processes and strategies.

Essential Duties and Responsibilities :

• Develop and implement a comprehensive supply chain strategy to support the operational needs of Tricon's single-family rental properties.
• Oversee demand planning, inventory management, and logistics of Tricon's fleet and facilities to ensure materials are available when needed without overstocking.
• Oversee Tricon's Vacant and Occupied pricing catalogs to ensure pricing is accurate and up to date.
• Establish and monitor key performance indicators (KPIs) for supply chain efficiency, such as cost savings, delivery lead times, and supplier performance.
• Oversee Tricon's purchasing card programs through Home Depot, HD Supply, and Lowe's
• Develop and implement Tricon's Appliance Program for managing all aspects of the appliance lifecycle
• Identify, evaluate, and negotiate with suppliers and vendors for the best pricing, quality, and delivery terms.
• Build and maintain strong relationships with key vendors and service providers.
• Conduct regular performance reviews of suppliers to ensure alignment with quality, cost, and service level expectations.
• Oversee the procurement of construction materials, appliances, tools, and other necessary supplies for home renovations and maintenance.
• Develop a strategic sourcing plan to reduce costs, ensure quality, and mitigate supply chain risks.
• Manage contracts and agreements with suppliers, ensuring compliance with company standards and terms.
• Manage warehousing, logistics, and the distribution of materials to various work sites and regions as needed.
• Implement effective inventory management practices, ensuring optimal stock levels and reducing waste.
• Work closely with maintenance and construction teams to forecast material needs and plan accordingly.
• Prepare and manage the materials and supply chain budget, ensuring alignment with overall company financial goals.
• Identify and implement cost-saving opportunities while maintaining material quality and availability.
• Track and report on monthly cost variances, analyzing factors impacting material and supply expenses.
• Ensure all procurement and supply chain activities comply with company policies, industry standards, and legal regulations.
• Implement sustainable sourcing practices that align with the company's environmental and social responsibility goals.
• Travel up to 30% of the time
• Demonstrated negotiation skills including a deep understanding supplier contracts
• Exceptional persuasion and interpersonal skills in order to interact with suppliers, business leaders and all other internal stakeholders
• Experience with ERP systems, Spend Data Analytics & Reporting, eSourcing, inclusive of eAuctions and contract management systems
• Writes clearly and informatively and presents numerical data in an easy to digest format
• Knowledge of Yardi and Real Estate industry / terminology is a significant plus
• Knowledge of Power BI a plus
• Demonstrate a high level of attention to detail
• Demonstrate intellectual curiosity
• Ability to effectively organize and prioritize multiple tasks
• Demonstrated understanding of purchasing policies, procedures, practices, and the value and use of procure-to-pay (P2P) digital platforms
• Proficient in Microsoft Office; Advanced Excel abilities (pivot tables, VLOOKUP, Index(Match) charting / graphing) preferred

Minimum Requirements :

• Bachelor's Degree preferred, or equivalent combination of education, training, and experience
• Minimum of 5 years of experience in a materials management or procurement function with heavy exposure to inventory strategies
• Proven track record of developing and managing RFP's and RFI's
• Strong analytical and strategic thinking skills, with an ability to conduct detailed cost analyses and market assessments.
• Excellent negotiation and vendor management skills.
• Advanced knowledge of distribution and warehousing
• Robust understanding of supply chain management and procurement software. Ariba, Coupa, D365, Yardi, Appian experience preferred
• Exceptional communication and collaboration skills to work effectively across various departments.
• Knowledge of industry-specific regulations and requirements
• Strong organizational skills with an eye for detail
• Exceptional communication and interpersonal skills
• Ability to manage multiple tasks and projects simultaneously
• Proficiency with vendor management software and tools
• A problem-solving mindset with strong analytical capabilities

At Tricon, we are committed to creating a workplace where every individual is valued for their unique contributions, experiences, voices, and backgrounds.

By embracing these principles, we aim to positively impact our business and the communities we serve, creating a lasting legacy where everyone can thrive.