Head of Global Procurement

Morningstar • Chicago, IL

10d • Hybrid

About The Position

The Role: Morningstar's Head of Global Procurement will lead a central team that oversees key categories including data, technology, professional services, and travel and partners with business leaders to ensure objectives are met. The team is also responsible for creating and maintaining polices, core processes and procurement standards. Essential activities include implementing sourcing strategies to drive value, negotiating high-value contracts, and providing leadership, guidance, and development to the procurement organization. This position will report to the Chief Accounting Officer and is based at the company’s headquarters in Chicago.

Requirements

• Minimum of 15 years of procurement management experience in large, global organization growing at scale.
• Experience with or understanding of key categories of direct and indirect spend including data, technology, hardware and software, professional services, and travel.
• Experience with sourcing in international regions.
• Proven ability to evaluate, implement, and scale business systems for the function.
• Demonstrated understanding of procure to pay processes, including the process implementation and system requirements for purchase requisitions and purchase orders.
• Demonstrated ability to build consensus and foster positive relationships with team members and suppliers.
• Broad experience in operating in a complex, and diverse business environment.
• Ability to articulate and communicate thoughts clearly, plan initiatives, and execute with excellence and with appropriate urgency.
• Professional presence, credibility, and authority such that others listen/seek advice and guidance.
• Proven ability to coach, motivate and develop careers of others within a global team.
• Bachelor’s degree required; advanced degree preferred.

Nice To Haves

• Knowledge and understanding of Coupa a plus.

Responsibilities

• Leads the development and execution of Morningstar’s sourcing and procurement strategies to create value for the organization.
• Serves as key partner to business and functional stakeholders and collaborates to meet business and company objectives.
• Provides leadership, guidance, and oversight to the procurement team across all procurement categories.
• Designs and implements processes and policies around contracting, sourcing and vendor management.
• Leads large RFI/RFP process, managing stakeholders through the evaluation, selection, and contract negotiations processes.
• Establishes and maintains meaningful strategic supplier relationships.
• Ensures procurement strategies are driving appropriate vendor pricing and cost reduction opportunities to increase business profitability.
• Serves as a senior subject matter expert, developing and presenting recommendations from procurement assessments and/or analysis.
• Builds and monitor KPI’s around savings performance of the department and ensures accountability over those metrics.
• Leads and guides strategies to impact our supplier diversity and sustainability programs.
• Ensures ongoing awareness of market trends for major categories and proactively adapts procurement strategies.

Benefits

• Financial Health 75% 401k match up to 7% Stock Ownership Potential Company provided life insurance - 1x salary + commission
• Physical Health Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages Additional medical Wellness Incentives - up to $300-$600 annual Company-provided long- and short-term disability insurance
• Emotional Health Trust-Based Time Off 6-week Paid Sabbatical Program 6-Week Paid Family Caregiving Leave Competitive 8-24 Week Paid Parental Bonding Leave Adoption Assistance Leadership Coaching & Formal Mentorship Opportunities Annual Education Stipend Tuition Reimbursement
• Social Health Charitable Matching Gifts program Dollars for Doers volunteer program Paid volunteering days 15+ Employee Resource & Affinity Groups
• Total Cash Compensation Range $215,825.00 - 388,500.00 USD Annual Inclusive of annual base salary and target incentive
• Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

What This Job Offers

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