Cost Manager- Procurement

Richemont•New York, NY

9d•$125,000 - $140,000•Hybrid

About The Position

The Cost Manager on the Procurement team, reporting to the Director, Strategic Sourcing, has a vital role within the Richemont organization in North America and will be responsible for supporting the efforts to optimize indirect procurement/sourcing activities within the Maisons and Functions while driving savings. The Cost Manager, Procurement position requires a highly resourceful individual with strong relationship-building, self-motivating, analytical and sourcing skills. They will assist in leading the regional sourcing efforts and execute best practice purchasing principles. The qualified candidate will drive value region-wide working closely with Central Procurement, Richemont Americas Sourcing team members, the Maisons and Functions. They will center on the details while focusing on the Richemont mission/vision.

Requirements

Bachelor's degree in Supply Chain Management, Finance, Engineering, Construction Management, or a related field.
6+ years of progressive experience in strategic sourcing, procurement, or supply chain management, preferably within a luxury retail environment, demonstrating a strong track record of leadership and strategic impact.
Proven expertise in leading complex RFx processes, advanced negotiation strategies, and comprehensive contract management, specifically within construction or real estate development.
Project management skills combined with an ability to work as part of a cross-functional team; Richemont Americas operates within a matrix structure where collaboration across Maisons and Functions is essential.
Strong Microsoft Office suite skills, with advanced proficiency in Excel and PowerPoint for analysis and presentation.
Detailed oriented person, motivated in a fast-paced environment managing multiple activities; Ability to work independently as well as in a team and complete assignments within established deadlines
High level of integrity and dependability with a strong sense of urgency; Results-orientated with a strong track record of overall execution; Continually striving for improvement and efficiency
Flexibility to adapt quickly to changing circumstances; Comfortable working proactively in a challenging environment and capable of prioritizing with execution in a timely manner
Ability to cultivate/maintain strong collaborative working relationships with the Maisons, Functions, multiple corporate levels, Richemont contacts and third-party partners
Proactively troubleshoot with an ability to gather/analyze data from numerous sources, and interpret results into actionable steps supported by an analytical approach
Excellent written and verbal communication, especially pertaining to vendor relationships, negotiations, Richemont communications; Proven ability to influence others and drive meaningful improvements coupled with strong presentation skills

Nice To Haves

Specific experience in luxury retail real estate development or store design and construction.
Strong understanding and practical experience with quantity surveying principles and robust cost management in construction projects.
Professional certification (e.g., CPSM, CIPS, RICS for Quantity Surveying).
Experience with e-procurement platforms and ERP systems (e.g., SAP Ariba, Coupa).
In-depth knowledge of global trade regulations and international sourcing best practices.

Responsibilities

Lead the development, growth, and strategic management of comprehensive sourcing plans and projects within key spend areas, including a significant focus on luxury retail construction, ensuring alignment with Richemont Americas' core requirements for quality, delivery, and cost. Proactively engage with stakeholders and leadership to define and achieve strategic objectives.
Expertly lead and optimize the vendor selection process across varied categories, including specialized suppliers for luxury retail construction (e.g., general contractors, architects, millworkers, etc.), leveraging best-practice principles. This includes mastery of leading complex RFx events, performing in-depth bid leveling, conducting expert negotiations, and developing robust, legally sound contracts.
Drive close collaboration with global Category Managers in Central Procurement, Richemont Maisons, and Functions to effectively implement and evolve procurement strategy, policy, and procedures, formalizing advanced sourcing activities.
Proactively identify and advance value-added opportunities with Maisons and Functions, enhancing procurement platform services and fostering a culture of strategic sourcing awareness and adoption across the organization.
Conduct in-depth market research, sophisticated spend analysis, and comprehensive supplier landscape assessments to proactively identify and capitalize on opportunities for significant cost reduction, process improvement, and innovation, demonstrating thought leadership in market dynamics.
Develop construction supplier/contractor database, maintaining feedback on performance, and cost data to improve benchmarking and cost visibility
Lead procurement forums and deliver continuous, impactful training to educate and influence stakeholders on current compliance requirements, strategic sourcing methodologies, and harmonization opportunities.
Strategically manage supplier performance reviews, including driving remediation efforts, leading re-negotiations, and implementing strategies for total cost of ownership (TCO) reduction.
Lead the identification and realization of strategic cost savings opportunities through thorough category and spend analysis, a deep understanding of core business requirements, and by expertly leading the end-to-end sourcing process to deliver measurable cost savings and avoidance. This can include applying advanced cost management techniques and quantity surveying principles to construction projects, ensuring budget adherence and value for money.
Develop and sustain a competitive advantage for Richemont Americas through sophisticated supplier relationship management and the strategic application of best-in-class agreements and levers.
Develop insightful team reporting based on advanced data analyses, create compelling presentations, and confidently present strategic findings and recommendations to leadership teams and Maisons, demonstrating strong upward communication and influencing skills.
Champion the development of creative, value-focused, and innovative sourcing strategies that are meticulously aligned with evolving business needs and market dynamics.
Continuously evaluate, drive, and implement innovative procurement process improvements that generate significant efficiency gains, enhance compliance, and foster a culture of continuous improvement.
Work closely across multiple business functions to strategically streamline and optimize the procure-to-pay process cycle.
Support HQ Responsible Sourcing alignment with indirect supplier activity in the Americas region, ensuring all suppliers adhere to and approve the Richemont Supplier Code of Conduct.
Align with Corporate Social Responsibility (CSR) objectives and seamlessly integrate these principles into the RFx process.
Build and lead cross-functional partnerships to champion and promote procurement guiding principles with each Maison, fostering a collaborative and ethical sourcing environment.