Contract/Procurement Manager
2 weeks ago
Title: Procurement/Contract Manager
Duration: Contract to start, 9-12+ months
Location: Ft. Mill, SC or Austin, TX (hybrid 2-3 days onsite)
Essential Functions:
As a Procurement/Sourcing Manager you will be responsible for leading a sourcing team to execute the sourcing and procurement process to procure various products and services across company with multiple Business Units (BU’s) as the customer. As such, you will work closely with a number of internal stakeholders including Executive level stakeholders in the selection, use and management of external vendors across the Company’s BUs. This includes management of the entire sourcing process for assigned categories with a constant focus on working collaboratively with BU leadership, understanding and managing strategy, vendor selection and due diligence, contract negotiations, costs to budget, risk mitigation, and regulatory compliance.
A fundamental component of the role is change management and the ability to lead the transformation of the division into a strategic partner across the firm.
Other responsibilities include:
• Developing a high performing and engaged team who continually elevate their contributions and are highly respected members
• Developing and maintaining a Category Sourcing Strategy
• Working with leadership teams across the Business Units to form actionable strategic sourcing plans
• Understanding BU’s operational needs while anticipating new opportunities.
• Managing and delivering on strategic sourcing engagements with high spend (>$1M) across all phases of the sourcing life cycle
• Leading the research, sourcing, negotiation, and implementation of strategic, high risk vendor relationships across multiple categories
• Building strong relationships and acting as the sourcing SME for senior leaders in your assigned categories, providing experience and insight to become a “trusted advisor’ to our internal partners
• Bringing strategic thought leadership to identify additional cost, service, quality and operational efficiencies
• Representing the Division in senior level meetings
• Contract negotiations which include, but not limited to, technical, financial, goods and services, outsourcing and consulting agreements for products, services and solutions
• Working with company’s Compliance, Legal, and Risk functions to ensure vendor risk is mitigated across the firm
• Leading and supporting projects to continuously improve the capabilities of the division
Key Qualifications:
• Strong relationship building and collaboration skills with the ability to engage and influence others in all levels of the organization
• Experience with sourcing strategy development and execution
• Proven experience in managing multiple projects, with an ability to prioritize individual and team workload based on business needs and deadlines
• Advanced knowledge of sourcing and vendor management best practices with extensive knowledge of various industry contract types, structure, pricing, terms and conditions, warrantees, service level agreements (SLAs), etc.
• Excellent negotiation skills with demonstrable experience in negotiating win-win outcomes that meet the interests of all parties.
• Ability, with proven experience, to work in a dynamic fast paced organization, with a focus on continuous improvement, customer service and teamwork.
• Superior leadership skills and experience in providing coaching and feedback to allow individuals and teams to grow professionally
• Creative problem solving skills and experience in facilitation of effective discussions around change management and varied ideas, opinions, insights and expertise
Education and Experience:
• An appropriate 4 year college degree
• A minimum of 10 years of experience working in a Sourcing or Vendor Management role within a mid to large sized company
• Financial Services experience is desirable
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