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Head of Category Strategy

2 months ago

Morristown, Tennessee, United States The CGC Group Full time

Position Overview:

The Director of Category Management is a pivotal role focused on the development, oversight, and execution of category strategies for Medical Claims expenditures. This position entails leading strategic sourcing initiatives, establishing category best practices, negotiating supplier contracts, and managing projects aimed at enhancing supplier quality, contract integrity, cost efficiency, service levels, and compliance with risk management protocols.

Work Arrangement:

This position offers a hybrid work model, requiring attendance at the Morristown, NJ office three days a week (Tuesday through Thursday).

Key Responsibilities:

  • Oversee the complete lifecycle of designated expenditures, collaborating closely with a sourcing delivery team within an agile framework.
  • Manage all suppliers associated with the designated category of spending, both emerging and established, while driving the implementation of standards and best practices.
  • Act as a trusted advisor to business and finance leaders, identifying best practices, and exploring demand and supply-side opportunities to set strategic targets.
  • Lead comprehensive sourcing events to support major initiatives and significant vendor partnerships.
  • Maintain strategic relationships with category suppliers, seeking opportunities for growth or adjustments within the supply chain.
  • Draft contracts that adhere to quality standards, ensuring business and legal protections while mitigating risks.
  • Engage with clients to uphold high service standards.
  • Ensure the accuracy and quality of contract data entered into the system.
  • Collaborate with various groups within or supporting the Claims organization.

Qualifications:

  • A minimum of 5 years of experience in a corporate procurement role, including sourcing and negotiating agreements of varying complexity and value.
  • Experience in the insurance sector and/or with Claims-related expenditures is essential.
  • Proven track record in leading strategic sourcing processes, as well as reviewing, analyzing, drafting, and negotiating contract terms.
  • Strong skills in packaging and presenting complex pricing models.
  • Exceptional written and verbal communication abilities, along with strong influencing and relationship-building skills across all corporate levels.
  • Self-driven and capable of thriving in an agile team environment.
  • Ability to apply management theories and principles in planning, organizing, and integrating work effectively.
  • Familiarity with Continuous Improvement or Six Sigma methodologies is advantageous.
  • High creativity level with the capacity to analyze and challenge conventional thinking.
  • Experience with Coupa (or Ariba) is highly preferred.
  • A Bachelor's degree is required; JD, Master's degree, or certification as a purchasing manager is preferred, along with a solid understanding of legal concepts.
  • Willingness to travel as necessary, up to approximately 10% of the time.

Compensation:

The annualized base pay range for this position is based on an analysis of similar roles in the external market. Actual compensation may vary based on performance, proficiency, and demonstration of required competencies. The base pay is one component of the total compensation package, which may also include short-term or annual bonuses, long-term incentives, and immediate recognition rewards. The annualized base pay range for this role is: $130,000 - $165,000.

The CGC Group is an equal opportunity employer and prohibits discrimination or harassment based on race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.