Principal/VP-Procurement - Investment Management
1 month ago
Leading, highly reputable global investment management firm experiencing impressive growth is looking for a VP/Principal for the Strategic Sourcing & Procurement activities of the organization. This role has excellent visibility and opportunity to make an immediate impact throughout the firm
*Top tier management consulting firm and/or large financial services firm required
*Total Compensation (base + annual bonus) = $220k - $330k depending on level/experience.
*Hybrid 3 days/week in office
Responsibilities:
- Provides overall direction to the Sourcing and Procurement organization including efforts to reduce costs, mitigate risks, improve spend compliance and establish best practices
- Monitors and measure Sourcing and Procurement Organization effectiveness against established performance metrics
- Develops a highly qualified and effective Sourcing and Procurement Organization
- Facilitates change management with colleagues and key stakeholders throughout the system
- Monitors and enforces compliance to existing processes and policies and develops new policies and procedures in the areas of category management, sourcing, supplier relationship management and purchasing
- Approves high dollar contracts
- Identifies large-scale business opportunities and improvement initiatives that support system strategic objectives while maximizing profitability
- Drive use of procurement practices and standardization of procurement processes while minimizing supply risk
- Originates new concepts and innovative approaches for the organization; develops skills of supporting team and provides performance review reporting
- Influences large strategic sourcing and purchasing decisions
- Prepares and recommends operating and personnel budgets for approval. Monitors spending for adherence to budget, recommends variances as necessary.
- Establish KPI/Metrics and reporting
Qualifications
- B.S./B.A. degree in Business (or other related degree programs), MBA preferred
- 8+ years of Strategic Sourcing/Procurement experience, Performance Measurement, Contract Negotiation, Project Management, Category Management, Business Analytics, Change Management
- Strong knowledge of category management, strategic sourcing, and supplier relationship management processes
- Proven track record in delivery of complex, cross-functional sourcing and procurement initiatives on time and on budget
- Demonstrated success in leveraging company-wide spend by ensuring the implementation of global/international agreements
- Knowledge and experience of strategic sourcing processes, organization, technology required. Nationally recognized professional certification preferred (Certified Purchasing Manager or Certified Professional Contract Manager).
- Experience being on a project team implementing new technology and/or enterprise level process change a plus.
- Knowledge and experience with best practice processes, tools, and procurement/spend systems data and analysis
- Strong organizational, planning and problem-solving skills – multi-task oriented with strong attention to detail
- Strong people management, development and coaching experience
- Excellent interpersonal skills to facilitate change management with colleagues and key stakeholders (perceptive and adaptable)
- Excellent verbal and written communication and negotiating skills
- Must be able to interface at all levels of the organization and with suppliers to solve problems when facing evolving demands
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