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PrincipalVPProcurement Investment Management
3 months 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 practicesMonitors and measure Sourcing and Procurement Organization effectiveness against established performance metricsDevelops a highly qualified and effective Sourcing and Procurement OrganizationFacilitates change management with colleagues and key stakeholders throughout the systemMonitors 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 purchasingApproves high dollar contractsIdentifies large-scale business opportunities and improvement initiatives that support system strategic objectives while maximizing profitabilityDrive use of procurement practices and standardization of procurement processes while minimizing supply riskOriginates new concepts and innovative approaches for the organization; develops skills of supporting team and provides performance review reportingInfluences large strategic sourcing and purchasing decisionsPrepares and recommends operating and personnel budgets for approval. Monitors spending for adherence to budget, recommends variances as necessary.Establish KPI/Metrics and reportingQualificationsB.S./B.A. degree in Business (or other related degree programs), MBA preferred8+ years of Strategic Sourcing/Procurement experience, Performance Measurement, Contract Negotiation, Project Management, Category Management, Business Analytics, Change ManagementStrong knowledge of category management, strategic sourcing, and supplier relationship management processesProven track record in delivery of complex, cross-functional sourcing and procurement initiatives on time and on budgetDemonstrated success in leveraging company-wide spend by ensuring the implementation of global/international agreementsKnowledge 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 analysisStrong organizational, planning and problem-solving skills – multi-task oriented with strong attention to detailStrong people management, development and coaching experienceExcellent interpersonal skills to facilitate change management with colleagues and key stakeholders (perceptive and adaptable)Excellent verbal and written communication and negotiating skillsMust be able to interface at all levels of the organization and with suppliers to solve problems when facing evolving demands
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