Director of Procurement
The Director of Procurement will lead sourcing and implementation of all vendor engagements in support of carrying out our business objectives while implementing systems for monitoring performance, assessing risk, and responding to changes in demand. They will monitor enterprise vendor performance, mange requests for proposals for new vendors and/or suppliers, and drive the company’s strategy for contract lifecycle management. The Director of Procurement will possess a strong track record of successful, large-scale vendor management initiatives with mature leadership experience and a familiarity with a variety of the IT concepts, practices, and procedures along with major IT providers, such as Microsoft and AWS.
This role will manage and coach a team of professionals and routinely partner with groups across all business units. They will collaborate cross-functionally with other enterprise departments to strategically evaluate vendors and align resources. As a key part of our operating model, will also act as the primary point of contact with vendors and internal stakeholders-working closely with them to strengthen and support the needs of the business.
Essential Duties & Responsibilities:
Translates business needs to support procurement of new vendors and strategic alignment of existing ones in support of business operations.
Generates requests for proposals and reviews bids alongside business owners.
Partners with internal stakeholders to facilitate and lead vendor evaluation, selection, risk assessment, contract negotiations/execution, guide vendor onboarding/offboarding and performance management.
Leads and drive contract negotiation in coordination with Legal.
Creates functional strategies and specific objectives for the function and develops budgets/policies/procedures to support the functional infrastructure.
Manages vendor portfolio and serves as a primary point-of-contract to manage issues and resolutions with internal and external stakeholders.
Proactively identifies opportunities for cost savings and process improvements.
Works collaboratively with business units to establish KPIs to monitor and assess performance of vendors and/or suppliers.
Supports business unit’s transition activities to integrate the new vendor and/or supplier into the Company.
Designs processes and systems and utilizes technical tools to analyze data and increase responsiveness to material demands.
Communicate the impact of market change and potential effects on supply with stakeholders.
Leads initiatives of varying scope and complexity.
Performs other job-related duties as assigned.
Experience & Education:
Bachelor’s degree in Business Administration or related field.
7+ years of experience in corporate environment with external sourcing/procurement, vendor management, and vendor oversight.
Requires 5+ years in a leadership role
Superior project and change management skills.
Dedicated to solving complex and challenging problems with a creative mindset.
Demonstrated collaboration and highly-effective communication skills with the ability to negotiate and facilitate issue resolution across the enterprise.
Excellent communication, both written and verbal, and interpersonal skills.
Strong strategic and analytical thinking as well as problem solving skills.
Demonstrated ability to influence vendors.
Skills & Abilities Required:
Have a "hands on" approach to working in a fast-paced environment, solve problems effectively and creatively while maintaining a high level of flexibility and professionalism.
Comprehensive knowledge of standard contract terms and conditions.
Ability to develop and deliver presentations.
Skilled in budget preparation and fiscal management.
Proven positive experience working with vendors/stakeholders.
Ability to foster a cooperative work environment.
Knowledge and understanding of institutional policies and procedures and the regulatory environment within which they operate.
Knowledge of financial/business analysis techniques.