Category Management Lead

Bread Financial•Columbus, OH

1d•$108,300 - $245,400•Hybrid

About The Position

The Lead - Category Management role is responsible for developing and implementing fact-based, comprehensive, and well-communicated strategies that deliver superior financial returns and competitive advantages. This role ensures the strategy is dynamic and responsive to market, customer, supplier, and company needs. They oversee supplier relationships, selection, development, and management, partnering with internal stakeholders to align business objectives. They lead strategic sourcing activities across high value diverse spend categories to drive cost reduction, maximize value, and minimize third-party risks. Acts independently to develop methods and procedures on new or special assignments.

Requirements

High School Diploma or GED
8+ years experience in sourcing/procurement, category and supplier management, negotiations, cost analysis and process improvements.

Nice To Haves

Bachelor’s Degree in Business Administration, Finance, Business Analytics, Procurement, or Project Management
10+ years experience in banking, insurance or other regulatory environment, Services strategic sourcing, category management, high value negotiation, pricing scenario analysis, budget cycles, total cost of ownership, Procurement, Analytics and Microsoft tools including Word, Excel, PowerPoint.

Responsibilities

Drive strategic sourcing strategy, market analysis, RFX development and complex negotiations.
Lead business requirement development and drive stakeholders’ interactions to ensure understanding of product or service.
Provide sourcing analysis and recommendations to senior leaders.
Monitor supplier lifecycle performance.
Leads development and implementation of category strategies aligned with business requirements and cost reduction objectives.
Leads analysis of spend data, benchmarks and other key metrics to identify savings and maximize value.
Drives multiyear category roadmap with stakeholders and senior leaders.
Ability to interact with stakeholders and supplier personnel at all levels in the organization, to influence the direction of the business, and align and engage resources outside area of responsibility.
Drive processes to monitor performance and ensure continuous improvement with suppliers.
Must demonstrate leadership and commitment to ensure the continued strengthening of partnerships.
Expertise in contract lifecycle management.
Review, negotiate and manage commercial issues relating to contracts, payments and supplier non-performance.
Provide guidance to stakeholders on commercial contract issues and proactively drive lifecycle management to drive value and mitigate risk.
Advise internal constituents on the full contract lifecycle management process and best practices.
Lead, develop, and implement new strategic sourcing processes and policies to drive continuous improvement and team growth.
Streamline RFX and category management processes.
Proactively champion consistent processes across the teams and drive change management to ensure adoption.
Lead and foster cross-functional communication.
Acts as a mentor and coach to team members.
Leads by example.
Lead development and implementation of strategies and processes to track and monitor progress across the teams' initiatives and special projects to ensure targeted value is achieved.
Create and present strategic documents to leadership, outlining the progress and impact of initiatives.
Initiate, lead, plan, execute, monitor and drive projects to closure, escalating issues at appropriate times to ensure resolution among stakeholders and/or suppliers.
Develop strong relationships with the project team.
Identify risk, measure the impact, and communicate proactively for risk mitigation to ensure desired outcome.
Build reports that provide spend and market analysis insights to help Category strategists and stakeholders drive savings efficiency.
Strong understanding of intelligence reporting tools and methods, including Coupa, to develop opportunities in sourcing, category management and contract negotiation.
Clearly articulate and present improvement opportunities to all levels of the organization.

Benefits

medical
prescription drug
dental
vision
other voluntary benefits (including basic and optional life insurance, supplemental medical plans, and short and long-term disability)
Six weeks of 100% paid parental leave
401(k) plan
11 paid holidays
Flexible Time Off (FTO) program
80 hours of Paid Sick and Safe Time (“PSST”)
40 hours of Illinois PSST
40 hours of Illinois Paid Leave
company stock purchase
annual incentive bonus