Director, Sourcing & Strategic Initiatives
About The Position
The Procurement Director oversees and optimizes procurement from sourcing through delivery, ensuring procurement strategies, processes, and program execution support internal budgets, business plans, and company objectives. The role collaborates with stakeholders to make effective and efficient use of organizational knowledge, relationships, and investments, and leads teams responsible for procuring goods and services. The Director provides leadership to procurement professionals, aligns strategies with business objectives, drives cost savings and supplier performance, negotiates major supplier contracts and prices, and advises senior leaders on market trends and sourcing initiatives. The role also manages spend reporting, team recruitment and development, acquisition due diligence, contract records, and the annual budgeting process.
Requirements
- Bachelor’s degree required; a 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.
- Knowledge of Microsoft Office, 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
- Lead, guide, and support procurement professionals in developing comprehensive procurement strategies.
- Engage 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 initiatives and collaboration with strategic suppliers.
- Lead major supplier contract and price negotiations.
- Collaborate with the Procurement team and senior management to share market perspectives and inform strategic decisions and sourcing initiatives.
- Develop and maintain detailed spend reports 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 for full-time roles.
- Comprehensive benefits package intended to support employees’ and their family members’ physical, financial, and emotional well-being.
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What This Job Offers
Job Type
Full-time
Career Level
Director
