Associate Director, Procurement

$65K - $75K
Posted on 08/05/17
Confidential Company
Chicago, IL
5 - 7 years experience
Financial Services
$65K - $75K
Posted on 08/05/17

ASSOCIATE DIRECTOR, PROCUREMENT  

Position Specifications

Reporting to the AVP, Risk Assessment, the AssociateDirector - Procurement will serve as the single point of contact for all procurement activities and vendor contracts.

Responsibilities:

The Associate Director - Procurement will be accountable for the following responsibilities: 

  • Lead Vendor Management including developing policies and procedures and ensure compliance; performing ongoing due diligence for all vendors; supporting assigned vendor relationship development programs and vendor review meetings; and monitoring vendor performance to ensure that contract terms and conditions are being met or exceeded
  • Identify and implement sourcing and category management best practices and support both internal and external to objectives across related categories and/or across multiple sourcing initiatives
  • Conduct and/or oversee Request for Information (RFI) / Request for Proposal (RFP) processes for all vendors of services and products, ensuring the highest level of business ethics
  • Lead negotiations related to contract terms, pricing and implementation
  • Assist in establishing master agreements blanket contracts and support special projects as well as complex sourcing initiatives
  • Manage assigned vendors and provide oversight and governance of associated purchases; perform category spend and risk analysis; and design and implement category and supplier risk mitigation strategies
  • Facilitate the resolution of systemic or recurring vendor/customer issues
  • Prioritize competing needs in support of strategic sourcing initiatives and other Sourcing projects, as appropriate
  • Identify and implement opportunities for cost reductions and efficiencies
  • Review new vendor requests prior to engaging services
  • Create a database of vendors relevant to company needs by provide periodic economic data and forward looking indicators
  • Perform Dashboard analysis and presentation of marketing, price, cost and financial analysis using various reports and data, and prepare narrative synopsis for management
  • Participate in periodic special project initiatives and participate on an as-needed basis to resolve emergent issues

Job Requirements:  

Education: Bachelor’s degree from four-year college or university; or five or more years related experience and/or training; or equivalent combination of education and experience.

Professional Experience:

·         Certificates and Licenses – FINRA Series 7 and 24 are required and must be obtained within the first year.

·         Demonstrated knowledge of vendor management concepts

·         Juris Doctorate (JD) a plus.

·         Must be effective in communicating with all levels of the organization

·         Represent the end users interests by being able to identify critical customer requirements and ensuring the procured services or products meet expectations

·         Demonstrated data analysis capability

·         Demonstrated negotiation skills

·         Demonstrated ability to hold vendors accountable for performance

·         Computer proficiency in various software; including Excel, PowerPoint, and related

Six Sigma Certification and/or PMP Certification a plus

SKILLS AND CERTIFICATIONS [note: bold skills and certification are required]
Juris Doctorate from an ABA Accredited Law School
FINRA Series 7 and Series 24

Security Clearance Required: No

Visa Candidate Considered: No

COMPENSATION
Base Salary - $65,000 to $75,000
Full-time Benefits - Full 
Relocation Assistance Available - Yes 
Commission Compensation - No 
Bonus Eligible - No 
Overtime Eligible - No 
Interview Travel Reimbursed - Yes 

CANDIDATE DETAILS
5+ to 7 years experience
Management Experience Required - No
Minimum Education - Bachelor's Degree
Willingness to Travel - Occasionally

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