Loews Hotels

Director of Strategic Sourcing & Contracting - Hotel Operations

Loews Hotels$100K — $130K *
Hospitality & Recreation
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Supply Chain, Hospitality, Finance, or related field or equivalent experience.
  • 5+ years in sourcing, procurement, contracting, or supply chain, with at least 2 years in strategic sourcing and contract management; hospitality experience preferred.
  • Strong analytical skills and ability to translate data into actionable recommendations.
  • Experience leading sourcing initiatives and vendor management programs.
  • Knowledge of procurement systems and strategic sourcing best practices.
  • Proven leadership experience managing a team in the sourcing and contracting space.
  • Advanced proficiency in Microsoft Office; experience with procurement systems preferred.

Responsibilities

  • Lead a team of 15 sourcing and procurement professionals.
  • Develop and execute enterprise sourcing strategies aligned with business goals.
  • Oversee hiring, onboarding, training, and performance evaluations for the team.
  • Manage vendor selection initiatives and collaborate with cross-functional teams.
  • Ensure compliance with company policies and procurement standards.
  • Direct negotiations and contract execution to achieve cost savings and operational efficiencies.
  • Build and maintain strong partnerships with suppliers and stakeholders.

Benefits

  • Professional development opportunities for career growth.
  • Comprehensive training programs and materials for continuous learning.
  • Supportive company culture fostering collaboration and teamwork.
  • Access to a centralized procurement system with efficient processes.
Full Job Description
The Director of Strategic Sourcing, Procurement, and Contracting leads a centralized sourcing, procurement, contracting, and vendor management function within a complex, multi-location hospitality environment. This role drives enterprise-wide initiatives that deliver cost savings, quality improvements, operational efficiencies, and exceptional service to internal stakeholders. Responsibilities include developing sourcing strategies, evaluating suppliers, leading negotiations, managing contracts, and overseeing the procurement of goods and services that support hotel operations. The Director ensures compliance with company policies, budgets, and service standards while fostering strong supplier partnerships and business relationships. This position also provides leadership, training, mentoring, and professional development to build a high-performing sourcing and procurement team.

Who You Are:

  • A relationship builder with a dynamic approach to developing connections


  • A continually curious forward thinker who loves to find creative solutions


  • A team builder with the ability to establish a strong following


  • Comfortable with taking the lead in a variety of settings


  • Collaborator who excels in an exciting, ever-evolving environment


What You Will Do:

  • Lead the Sr. Manager, Sourcing & Contracting and Sr. Manager, Procurement, overseeing a team of 15 professionals.
  • Establish performance goals, delegate responsibilities, monitor progress, and provide coaching to ensure delivery of objectives.
  • Oversee hiring, onboarding, training, performance evaluations, and corrective action planning.
  • Develop and maintain training programs, materials, and competency standards for team members.
  • Drive the development and execution of enterprise sourcing strategies aligned with business objectives.
  • Direct spend analysis, market benchmarking, supplier cost modeling, and financial impact assessments.
  • Lead vendor selection initiatives and collaborate with operations, finance, legal, and executive leadership to implement sourcing strategies.
  • Build strong cross-functional partnerships to ensure alignment and support for procurement initiatives.
  • Oversee the RFP process, including vendor solicitation, bid evaluation, and final supplier selection.
  • Ensure sourcing and contracting activities are executed consistently, efficiently, and in accordance with established standards.
  • Direct negotiation strategies and contract execution to achieve cost savings, operational synergies, and risk mitigation.
  • Ensure agreements deliver quality, competitive pricing, clear terms, and measurable performance expectations.
  • Identify and implement opportunities for process improvement, operational efficiencies, and financial savings.
  • Track, validate, and communicate cost savings and synergies across business units.
  • Develop and manage strategic supplier relationships to ensure service excellence, quality, compliance, and value creation.
  • Lead vendor governance, performance management, issue resolution, quarterly business reviews, and contract implementations.
  • Serve as procurement process owner, establishing policies, procedures, service levels, and operational standards for a centralized procurement program.
  • Oversee procurement system integrity, purchase order processing, inventory and catalog management, invoice reconciliation, and customer service performance.
  • Own and manage the company's GPO relationship, ensuring compliance, maximizing rebates, and resolving vendor or contract issues.
  • Demonstrate leadership through integrity, accountability, effective communication, fiscal management, compliance oversight, auditing, and departmental administration.


Your Experience Includes:

  • Bachelor's degree in Business, Supply Chain, Hospitality, Finance, or a related field, or equivalent experience.


  • 5+ years of progressive sourcing, procurement, contracting, or supply chain experience, including at least 2 years in strategic sourcing and contract management; hospitality experience preferred.


  • Strong analytical, problem-solving, financial modeling, and business process improvement skills with the ability to translate data into actionable recommendations.


  • Experience leading sourcing initiatives, RFPs, supplier evaluations, contract negotiations, and vendor management programs.


  • Knowledge of supply chain operations, procurement systems, sourcing methodologies, spend analysis, and strategic sourcing best practices.


  • Experience sourcing a broad range of products and services, including FF&E, F&B, IT, telecom, engineering, security, HR, housekeeping, operating supplies, and specialty services.


  • Proven leadership experience managing sourcing and contracting professionals and driving cross-functional initiatives.


  • Advanced proficiency in Microsoft Excel, Word, and PowerPoint; experience with Adaco, Epicor, or similar procurement systems preferred.


  • Excellent communication, presentation, customer service, and relationship-building skills with the ability to influence stakeholders at all levels.


  • Strong organizational skills, attention to detail, sound business judgment, and the ability to manage multiple priorities in a fast-paced environment.


  • Ability to work independently and collaboratively while maintaining confidentiality and delivering results within established timelines.


Who You'll Supervise:

  • Senior Manager of Sourcing and Contracting - Hotel Operations


  • Senior Manager of Procurement

About Loews Hotels

Loews Hotels is a luxury hotel chain with properties in the United States and Canada. The company was founded in 1946 and is headquartered in New York City. Loews Hotels is committed to providing exceptional service and amenities to its guests, with a focus on creating memorable experiences. The company's properties range from large convention hotels to boutique properties, and offer a variety of amenities, including restaurants, spas, and fitness centers. Loews Hotels is a subsidiary of Loews Corporation, a diversified company with interests in insurance, energy, and other industries.
Learn more about Loews Hotels
Size
10,000 employees
Industry

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