Director, Procurement Relationship Management

Prudential Financial • Newark, NJ

3d

About The Position

Prudential’s Global Sourcing and Procurement (GSP) organization drives enterprise‑wide value by cultivating strategic supplier partnerships and elevating commercial decision‑making across the business. GSP provides global stakeholders with streamlined access to best‑in-class products and services, informed by robust business intelligence, deep supply‑market knowledge, and a clear grasp of micro‑ and macroeconomic dynamics. Through efficient, disciplined processes and proactive commercial coaching, GSP empowers stakeholders to make informed, value‑driven decisions that strengthen Prudential’s competitive advantage. Your Team & Role The Director, Procurement Relationship Management plays a key role in advancing Prudential’s enterprise procurement strategy by partnering closely with senior business leaders to translate BU and functional priorities into structured commercial opportunities. This role serves as a trusted advisor across the business, connecting stakeholder needs with GSP’s full suite of capabilities—including Sourcing & Category Management, Contracts/CLM, Third-Party Risk Management (TPRM), and Systems & Analytics. The Director will be part of a team of relationship managers and value analysts who identify opportunities, model financial impacts, drive adoption of procurement processes, and ensure the delivery of meaningful, P&L ‑ aligned outcomes.

Requirements

• Bachelor’s degree ; MBA or advanced degree preferred.
• 10+ years of experience in procurement, consulting, financial analysis, or supplier management.
• Proven ability to partner with senior business leaders and influence without authority.
• Strong communication , commercial modeling, and storytelling capabilities.
• Demonstrated experience leading teams and driving adoption of new processes, technologies, or operating models.
• Curiosity and comfort working with digital tools, including AI assisted analysis.

Responsibilities

• Build deep partnerships with BU and functional leaders (including numerous senior executives) to understand strategic plans and surface potential sourcing, savings, supplier ‑ innovation, and risk ‑ mitigation opportunities.
• Translate business needs into structured opportunity briefs for GSP category, sourcing, and analytics teams.
• Assess and compile action plans pertaining to procurement control reporting (e.g., compliance, maverick spend, guided ‑ buying adoption, contract coverage) through Systems & Analytics dashboards and facilitate corresponding action plans.
• Coach stakeholders on procurement processes, interpreting KPIs, and navigating the sourcing lifecycle to improve efficiency and experience.
• Develop and refine financial models that quantify cost mitigation, cost reduction, margin impacts, and supplier ‑ driven value.
• Ensure relationship management teams leverage AI ‑ enabled tools for opportunity sensing and insights generation.
• Collaborate cross ‑ functionally with FP&A, Sourcing, Category leads, CLM, and TPRM to ensure consistent, high ‑ quality delivery of procurement services.
• Represent the GSP value proposition across assigned business units and functions, ensuring stakeholder engagement and adoption.
• Guide and develop junior PRM team members ; provide coaching and feedback to ensure strong performance and career growth.
• Support global operating cadence across U.S., Japan, Ireland, and India procurement teams.

Benefits

• Market competitive base salaries, with a yearly bonus potential at every level .
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave .
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.
• Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Director