Executive Director, Vendor Relationship Management

Reinsurance Group of America•Des Peres, MO

3d•$139,380 - $207,700

About The Position

This position has the global responsibility to develop and mature a company-wide center-led procurement capability. This also includes being the key owner of developing and recommending a Vendor Management Strategy, including vendor identification, vendor qualification and governance (including risk-based supplier management), vendor contract management, vendor onboarding, and vendor performance management.

Requirements

Bachelor’s Degree in Arts/Sciences (BA/BS) in related field (supply chain management, economics, finance, engineering) required
10+ Years of management experience in leading a global procurement organization (5+ in a center-led structure) required
5+ Years operational management experience required
Greenfield start-up, acquisition integration or business process re-design experience required
Experience with modern sourcing and procurement systems. required
Motivate and influence others within organizational hierarchy and among differing cultures. required
Ability to work with senior management to develop an improved control environment required
Solid operational management and general business skills and savvy. required
Strong negotiation skills required
Familiarity with relevant and emerging legislative and regulatory requirements, as well as understanding of standard contractual terms and conditions required
Demonstrated ability to develop long range supplier relationships. required
Ability to assess source to settle risk and develop effective mitigation plans. required
Proven sourcing and cost reduction strategy development. required
Developed high performance strategic purchasing and transaction processing teams. required
Benchmark and scorecard development to drive continuous improvement. required
Working knowledge of finance and/or accounting in terms of budgeting, cost management, financial accounting, treasury, risk management, etc. required

Nice To Haves

Master’s degree in Arts/Sciences (MA/MS) preferred
Financial Services/Insurance industry experience preferred
Knowledge of global vendor regulations including third party requirements preferred
Certified Professional in Supply Management (CPSM) preferred

Responsibilities

Establishing and maintaining the Global Vendor Management Strategy, including: Implementing a Center-Led Procurement Model; Establishing Governance Model that is consistent, transparent, and efficient; Creating consistent and repeatable workflows that provide an enhanced level of control; Unifying data by creating a centralized Vendor Inventory; Leads a multi-year systems improvement plan in support of the strategy; Improving the efficiency of Third-Party on-boarding processes; Establishing a process to manage ongoing relationships with Third-Parties and Third-Party Administrators; Drives collaboration and process improvement by creating intuitive processes and tools; Enhances visibility through feedback loops
Leading and managing the Global Procurement department, including IT purchases, contract labor, facilities purchases, etc.
Developing and maintaining relationships with senior functional leaders to further develop and mature their purchasing processes; Responsible for expanding the program and coordinating with additional departments and regions where procurement support is needed.
Establishing and implementing purchasing policies, procedures and best practices.
Communicating and educating stakeholders on procurement policies, practices and abilities to increase awareness and engagement.
Providing oversight and monitoring of overall procurement performance and identification and implementation of continuous improvement.
Developing, coordinating and implementing strategies to optimize contract negotiations with suppliers and ensure appropriate oversight for key categories of purchases. Develops negotiation strategies and closes deals with optimal terms.
Enhancing the procurement capability by helping to develop and deliver processes, training, and procurement technology and knowledge management tools.
Identification and realization of cost-saving and cost reduction opportunities.
Supervising members of the expanded corporate purchasing staff.