Lead Category Manager, Procurement Strategy

2 weeks ago

Grand Rapids, Michigan, United States ACRISURE Full time

About Acrisure

Acrisure stands as a prominent leader in the Fintech sector, merging human expertise with advanced technology to deliver a diverse range of financial products and services to countless businesses and individual clients. Our mission is to connect clients with solutions that safeguard and enhance their most valuable assets, including Insurance, Reinsurance, Cyber Services, Mortgage Origination, and beyond.

With a workforce exceeding 17,000 entrepreneurial professionals across 21 countries, Acrisure has experienced remarkable growth, expanding from $38 million to $4.3 billion in revenue over a decade. Our organizational culture is characterized by an entrepreneurial spirit, fostering innovation, client focus, and an unwavering determination to succeed.

Position Overview:

As the Senior Category Manager for Procurement, you will be instrumental in refining our procurement operations. Your responsibilities will encompass the development and management of procurement strategies across various assigned categories, particularly those that are highly technical and competitive. You will establish and nurture essential relationships with senior-level business partners, both internal and external, engage in complex vendor negotiations, and ensure the effective administration and execution of high-value contracts. Additionally, you will mitigate risks by adhering to and monitoring established performance metrics, internal processes, and management routines. Your expertise will be crucial in formulating and executing strategies aimed at enhancing efficiency, reducing costs, and guaranteeing the highest quality of professional arrangements and goods/services for our organization.

Key Responsibilities:

Leadership and Development:

Coaching and Mentoring: Guide peers and junior team members by focusing on their strengths and developmental needs, sharing insights and experiences to foster growth. Servant Leadership: Act as a horizontal leader within the department and organization, collaborating cross-functionally to achieve optimal outcomes and being a trusted advisor on various topics. Continuous Improvement: Promote a culture of ongoing enhancement within the procurement function by soliciting feedback from internal stakeholders and implementing best practices to boost efficiency and effectiveness.

Procurement Strategy and Category Management:

Strategic Planning: Formulate long-term plans, establish strategic directions, and execute comprehensive procurement strategies aligned with the company's objectives and financial goals. Contract Oversight: Provide consultation on statements of work, negotiate pricing, services, and contract terms, and collaborate with Legal and other experts to ensure contract accuracy and resolve escalated issues. Market Analysis: Conduct in-depth market research to identify cost-saving opportunities, create requests for proposals, evaluate and select suppliers, and negotiate favorable terms. Cost Efficiency: Regularly assess procurement processes to pinpoint areas for cost reduction and efficiency enhancement, implementing innovative solutions to achieve savings without sacrificing quality.

Building Strategic Relationships:

Trusted Advisor: Secure a prominent role in strategic discussions, actively listen, and present proactive ideas. Collaboration: Forge strong relationships and collaborate with stakeholders across various functions (e.g., finance, operations, and legal) to align strategies with organizational goals. Influence: Guide leaders on supplier utilization to meet operational and strategic objectives, engaging internal stakeholders and suppliers to enhance value and performance. Supplier Management: Develop and maintain robust relationships with suppliers, negotiating contracts to secure advantageous pricing, quality, and service levels.

Managing Procurement Processes:

Performance Evaluation: Create and implement key performance indicators (KPIs) to assess the effectiveness of procurement strategies, regularly analyzing performance data and adjusting strategies as necessary. Compliance: Ensure adherence to company policies, legal regulations, and ethical standards in all procurement activities, maintaining transparency and integrity throughout the process. Risk Mitigation: Proactively identify and address risks related to supplier performance, market fluctuations, and regulatory compliance to ensure supply continuity and minimize disruptions.

Qualifications:

Strategic Insight: Ability to anticipate and leverage opportunities, challenges, and disruptions, engaging input from all organizational levels to create competitive strategies with actionable plans. Effective Communication: Strong ability to communicate and influence senior stakeholders, demonstrating political acumen and executive presence, along with proven relationship-building skills. Analytical Skills: Expertise in data analysis and market research techniques, utilizing insights to inform strategic decisions and drive continuous improvement. Prioritization: Capacity to thrive in a fast-paced environment, managing multiple priorities and deadlines while maintaining attention to detail. Problem-Solving: View challenges as opportunities, identifying root causes through active listening and thorough analysis, and advocating for solutions over perfection. Accountability: Fulfill commitments, communicate challenges proactively, and maintain open and honest communication regarding issues while taking ownership of outcomes.

Education and Experience:

Bachelor's degree in business administration, Supply Chain Management, Finance, or a related field; a Master's degree or professional certification is preferred. A minimum of 8 years of proven experience in procurement, strategic sourcing, or supply chain roles, with a successful track record of implementing effective procurement strategies and achieving cost savings. Experience with multiple complex Indirect Procurement categories and a background in Financial or Professional Services is preferred.

Benefits:

Competitive Compensation Leading Healthcare Options Savings and Investment Opportunities Charitable Giving Programs Hybrid Work Arrangement Growth Opportunities Parental Leave Generous Time Off

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