Chief Procurement Officer

Chubb•Philadelphia, PA

About The Position

Chief Procurement Officer The Chief Procurement Officer will lead a global team responsible for developing and executing strategies for sourcing, source-to-pay, third-party risk management and compliance. The role will be responsible for the following specific areas, including, but not limited to: Leading a global, client-focused procurement organization that fully leverages and assertively sources our third-party spending; Comprehensive management of third-party spend while delivering world-class metrics; Delivering innovation in methods, tools and processes; Analyzing industry trends and evolving technology to proactively identify supply base issues to minimize risk, protect continuity of supply, and utilize emerging opportunities; Understanding market conditions for key goods and services. – e.g. IT and IT Services We expect the successful candidate will be a seasoned executive, with a proven track record of leading a procurement function for a large, global, publicly traded company, in a technology-enabled business platform. Duties & Responsibilities: The Chief Procurement Officer responsibilities include, but are not limited to: Directing a team of procurement professionals in both direct and global matrixed teams to achieve the overall goals of the organization on a flexible, scalable basis; Anticipating future procurement needs and having strategies in place to meet the needs of Chubb’s business; Developing a global procurement governance model - clarifying global, regional and local roles and responsibilities; Developing and consistently delivering an effective and clear communications program regarding procurement programs/processes to global and specific employee audiences on an ongoing, proactive basis; Providing senior leadership with a regular analysis and recommendations of changes to available programs aimed at optimization of return on investment for Chubb, including conducting regular external benchmarking analysis and comparisons of procurement programs; Building alliances and fostering relationships across Chubb’s leadership team, providing advice and counsel to business leaders on policy and guideline interpretation, etc. Qualifications Experience: minimum of 15 years of professional experience, in progressively responsible procurement roles, ultimately leading the global procurement function, including direct and matrixed people management, in a global company, with a demonstrable track record of organizational achievements Demonstrated track record of developing and implementing effective procurement strategies, including excellent working knowledge of procurement-related policies, laws and regulations Strong team player with the ability to collaborate and influence business, as well as functional partners Ability to motivate in a team-oriented, collaborative environment Excellent negotiation and communication skills Strategic mindset and problem-solving skills Deep knowledge of industry and global trends Exceptionally self-motivated and directed Company platform experience: experience in a global, publicly traded, Fortune 500 company, financial services background desirable Education: a bachelor’s degree is required, preferably in business administration; a Master’s degree in a related field and/or a Master’s of Business Administration is highly preferred Work Location: United States; Philadelphia area is preferable but not required Some travel required

Requirements

Minimum of 15 years of professional experience, in progressively responsible procurement roles, ultimately leading the global procurement function, including direct and matrixed people management, in a global company, with a demonstrable track record of organizational achievements
Demonstrated track record of developing and implementing effective procurement strategies, including excellent working knowledge of procurement-related policies, laws and regulations
Strong team player with the ability to collaborate and influence business, as well as functional partners
Ability to motivate in a team-oriented, collaborative environment
Excellent negotiation and communication skills
Strategic mindset and problem-solving skills
Deep knowledge of industry and global trends
Exceptionally self-motivated and directed
Company platform experience: experience in a global, publicly traded, Fortune 500 company
A bachelor’s degree is required, preferably in business administration

Nice To Haves

Financial services background desirable
A Master’s degree in a related field and/or a Master’s of Business Administration is highly preferred
Philadelphia area is preferable but not required

Responsibilities

Leading a global, client-focused procurement organization that fully leverages and assertively sources our third-party spending
Comprehensive management of third-party spend while delivering world-class metrics
Delivering innovation in methods, tools and processes
Analyzing industry trends and evolving technology to proactively identify supply base issues to minimize risk, protect continuity of supply, and utilize emerging opportunities
Understanding market conditions for key goods and services. – e.g. IT and IT Services
Directing a team of procurement professionals in both direct and global matrixed teams to achieve the overall goals of the organization on a flexible, scalable basis
Anticipating future procurement needs and having strategies in place to meet the needs of Chubb’s business
Developing a global procurement governance model - clarifying global, regional and local roles and responsibilities
Developing and consistently delivering an effective and clear communications program regarding procurement programs/processes to global and specific employee audiences on an ongoing, proactive basis
Providing senior leadership with a regular analysis and recommendations of changes to available programs aimed at optimization of return on investment for Chubb, including conducting regular external benchmarking analysis and comparisons of procurement programs
Building alliances and fostering relationships across Chubb’s leadership team, providing advice and counsel to business leaders on policy and guideline interpretation, etc.