Job Summary
We are seeking a highly experienced individual to join our team as the Director of Strategic Procurement. In this pivotal role, you will be tasked with creating and leading our Strategic Procurement team from the ground up. This includes establishing the department's structure, developing and implementing strategic sourcing and supplier relationship management (SRM) processes, hiring and managing the strategic procurement team, and helping to transform the organization's approach to spend management. Your exceptional project management and leadership skills will be vital in setting up the team, defining and encouraging adoption of new spending habits, and ensuring the successful utilization of new procurement tools and systems.
Primary Responsibilities:
• Establish the Strategic Procurement Team: Build and structure a high-performing Strategic Procurement team from scratch, defining its role within the company and setting its strategic direction.
• Develop Strategic Sourcing, Category Management, and SRM Processes: Create and implement clear, efficient policies and procedures from the ground up. Ensure these processes are well-documented and integrated with the company's overall business operations.
• Team Building and Leadership: Lead the hiring process for the strategic procurement team, defining roles and responsibilities and ensuring all members are aligned with the department's goals and objectives. Contribute to a department culture focused on high performance and continuous improvement. Partner with leadership teammates on hiring and development activities of the procure-to-pay, real estate, and travel teams.
• Spend Analysis and Management: Conduct thorough spend analysis to identify cost-saving opportunities and inefficient spending patterns. Develop and implement a comprehensive spend management strategy, including the establishment of new organizational spending habits and controls.
• Supplier Consolidation and Strategic Sourcing: Utilize spend analysis results to drive supplier consolidation initiatives, reducing the vendor base to optimize efficiency and leverage buying power. Implement strategic sourcing practices to ensure the best value from supplier relationships.
• Negotiation and Contract Management: Lead the negotiation of terms with suppliers to secure favorable conditions and pricing. Establish robust contract management processes to ensure compliance, monitor performance, and manage supplier relationships effectively.
• Stakeholder Engagement: Actively engage and build relationships with executive-level stakeholders, effectively communicating the new procurement vision and its impact on the organization.
• Cross-functional Collaboration: Work closely with other Integrity departments to ensure the procurement function integrates seamlessly with the wider business, facilitating a collaborative approach to procurement across the company. Support and develop joint strategies with leaders of other teams with the procurement team; including the procure-to-pay, real estate, and travel teams; to optimize overall Integrity business results, user experience, and supplier effectiveness.
• Continuous Improvement and Innovation: Foster an environment of continuous improvement, identifying and pursuing opportunities for cost savings, process optimization, and innovation within the procurement function.
Primary Skills & Requirements:
• Demonstrated ability in building and leading a Strategic Procurement team from the ground up.
• Extensive experience in spend analysis, vendor consolidation, negotiation, and contract management.
• Strong leadership skills with a proven track record in hiring and developing high-performing teams.
• Excellent communication and stakeholder engagement abilities.
• Strategic thinker with the ability to translate strategic plans into actionable objectives.
• Deep understanding of change management and experience in driving organizational transformation.
• BS/BA in IT, Business, Supply Chain Management, or related discipline.
• 10+ years of experience in Supply Chain Management.
• 8+ years of experience in Procurement, preferably procurement operations.
• Experience managing procurement operations within a shared services environment.
• Knowledge of compliance and experience with controls.
• Familiarity with IPO processes and requirements.
• Prior experience in a matrix organization.
• Experience in the Financial Services Industry (Insurance) is preferred.
