Director, Sourcing & Strategic Initiatives

Ryan Specialty • Chicago, IL

3d • $156,000 - $195,000

About The Position

The Procurement Director oversees and optimizes procurement through delivery, ensuring procurement strategies, processes, and program execution support internal budget plans and company objectives. The role collaborates with stakeholders to make effective use of organizational knowledge, relationships, and investments, and leads teams responsible for procuring goods and services.

Requirements

• Bachelor’s degree required; any related discipline or commensurate work experience may be considered.
• 12–15 years of experience in Procurement or a related field.
• At least 5 years of experience managing a team.
• Knowledge of the insurance industry.
• Microsoft Office skills.
• Knowledge of cost reduction techniques, procurement, contract management, procurement tools, KPI tracking, financial management, spend management software, process improvement, vendor management, and analytics.
• Business relationship management, effective communication, time management, negotiation, and problem-solving skills.

Nice To Haves

• Master’s degree preferred, particularly in Business Administration, Finance, or Supply Chain.
• Chartered Institute of Procurement & Supply (CIPS) or Certified Purchasing Manager (CPM) certification is a plus.

Responsibilities

• Provide leadership, guidance, and support to procurement professionals in developing comprehensive procurement strategies.
• Engage with senior leaders and align procurement strategies with business objectives.
• Drive accountability and deliver results against financial metrics, including cost savings.
• Improve supplier performance through continuous improvement and collaboration with strategic suppliers; lead major supplier contract and price negotiations.
• Work with the Procurement team and senior management to share market trends that inform strategic decisions and sourcing initiatives.
• Develop and maintain reports on spend by category, vendor, and business unit.
• Recruit, hire, evaluate, train, develop, and retain productive and engaged Procurement Department team members.
• Assist with acquisition due diligence.
• Maintain files on contracts and related correspondence.
• Maintain and oversee the annual budgeting process.

Benefits

• Paid time off for company holidays, vacation, sick days, and personal days.
• Paid parental leave.
• Mental health services.
• Bonuses and benefits are available to full-time roles.
• Comprehensive benefits package intended to support employees’ and family members’ physical, financial, and emotional well-being.

What This Job Offers

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