Oaktree Capital Group, LLC

Vice President, Procurement

Oaktree Capital Group, LLC • $145K — $175K *
Los Angeles, CA 90011In-Person
Business Services
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 8-10 years in procurement and strategic sourcing leadership
  • Expertise in complex sourcing and enterprise technology agreements
  • Strong understanding of procurement operations and financial stewardship
  • Advanced skills in budgeting and variance analysis
  • Experience with ERP tools like Workday and intake platforms like ServiceNow

Responsibilities

  • Execute a global procurement strategy that aligns with business needs
  • Lead pre-purchase requisition and demand qualification processes
  • Oversee software renewals and optimize technology portfolios
  • Manage supplier governance and performance throughout the lifecycle
  • Direct procurement operations and controls for effective budgeting
  • Develop the Hyderabad Procurement Operations Center of Excellence
  • Collaborate with Finance to manage vendor portfolios and savings

Benefits

  • Comprehensive health, dental, and vision insurance
  • 401(k) plan with company matching
  • Generous paid time off and holidays
  • Professional development opportunities
  • Flexible work arrangements
Full Job Description
Responsibilities

The Vice President, Procurement leads Oaktree's global procurement strategy and operating model, combining strategic sourcing and technology procurement with ownership of supplier lifecycle management, procurement operations and the procure-to-pay control environment. This leader is a trusted advisor to senior stakeholders, owns the pre-purchase requisition and demand-qualification process, aligns purchasing verticals to business needs and embeds procurement into line-business planning before commercial commitments are made. The role also directs the Hyderabad Procurement Operations Center of Excellence to deliver measurable value and responsive global service.

Responsibilities include:
Strategy, Sourcing & Technology Procurement
  • Centralize and execute a global procurement strategy that aligns purchasing verticals, category ownership and service channels with line-business needs; direct the intake, prioritization and routing of sourcing opportunities across verticals, assigning the appropriate sourcing and procurement delivery path.
  • Own the pre-purchase requisition, approval and demand-qualification process and embed it in business planning so the use case, budget, existing suppliers, alternatives, approvals and sourcing path are evaluated before contractual commitment and anticipated demand is visible to executive decisionmakers.As necessary, lead complex RFI/RFP/RFX processes and negotiations with technology providers, manufacturers, value-added resellers and strategic suppliers to improve price, terms, service levels and flexibility.
  • Oversee enterprise software renewals across subscription, perpetual and consumption-based models; apply market intelligence to optimize the technology portfolio to meet evolving business needs and technology strategy.
  • Oversee special projects and co-sourcing initiatives with affiliate and portfolio companies, coordinating demand, joint commercial strategy, execution and value tracking across participating entities.


Supplier Lifecycle, Contracts & Governance
  • Own supplier commercial lifecycle governance from demand through contracting, onboarding, performance management, renewal and exit; maintain forward visibility to commercial commitments and dependencies.
  • Manage strategic supplier relationships and escalations, and negotiate or review routine agreements within delegated authority and Oaktree standards.
  • Partner with Legal, Accounting, Technology and the Vendor Management Office to address contractual, financial and supplier-governance requirements, including data protection, resilience and service levels.


Procurement Operations, Controls & Global Delivery
  • Own the front end of the procure-to-pay pipeline from pre-purchase requisition and demand qualification through ServiceNow intake and purchase order generation enabling budget alignment and downstream three-way-match exception resolution at time of invoice receipt.
  • Influence change, train stakeholders and gather requirements from management to continuously improve procurement operations delivery.
  • Maintain a strong control environment covering approval routing, coding quality, segregation of duties and documentation.
  • Set and manage the procurement-related asset management strategy and processes, including lifecycle standards, tagging, register integrity, reconciliation, transfer and disposal.
  • Lead and develop the Hyderabad Procurement Operations Center of Excellence and a follow-the-sun, tier-based service model with clear ownership, service levels and escalation paths.
  • Monitor off-catalog and maverick spend and convert recurring demand into catalogs, standards, preferred-supplier arrangements or sourcing initiatives.


Financial Stewardship, Analytics & Improvement
  • Partner with Finance and budget owners as an advisor and informer to the budgeting process including contributions to forecasting, variance analysis and spend management for significant vendor portfolios.
  • Deliver demand-focused dashboards to management to show inbound spend demand in the pre-purchase requisition process and retrospective validated savings and cost avoidance across multiple verticals.
  • Develop requirements and drive results for data-driven commercial contract management including contract spend and renewal exposure.
  • Own the procurement process and technology roadmap across ServiceNow and Workday or analogous platforms, advancing data quality, automation, standardization and user experience.


Qualifications
  • 8-10 years of progressive procurement, strategic sourcing, supplier and contract management, contract management and operations experience, including leadership responsibility.
  • Extensive experience leading complex sourcing processes, negotiating enterprise technology agreements, and managing software licensing, renewals, utilization, and compliance.
  • Strong knowledge of procurement operations and governance, including P2P, accounts payable dependencies, three-way match, and asset controls.
  • Advanced financial acumen across budgeting, forecasting, variance and spend analysis, and the validation of savings and cost avoidance.
  • Experience with Workday or comparable ERP purchasing tools and ServiceNow or similar intake and workflow platforms, coupled with strong senior-level stakeholder management and commercial decision-support capabilities.

Personal Attributes
  • Strategic and analytical, with sound judgement and a disciplined approach to execution
  • Collaborative leader with strong executive presence
  • High degree of integrity and accountability
  • Clear, credible, and effective communicator


Education

Bachelor's degree required; MBA or a relevant professional certification, such as CPSM or CIPS, is preferred.

Base Salary

$145,000 - $175,000

About Oaktree Capital Group, LLC

Oaktree Capital Group, LLC is a global investment management firm specializing in alternative investment strategies. The firm was founded in 1995 by a group of individuals who had been investing together since the mid-1980s in high yield bonds, convertible securities, distressed debt, real estate, control investments and listed equities. Oaktree has more than 950 employees and offices in 19 cities worldwide. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Oaktree's clients include 75 of the 100 largest U.S. pension plans, more than 400 corporations around the world, and over 350 endowments and foundations globally.
Learn more about Oaktree Capital Group, LLC
Industry
Finance & Insurance
NASDAQ
OAK
* Ladders Estimates

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