Procurement Manager (Term Position)
About The Position
This is a 12-month term position. The Procurement Manager (Contract-to-Hire) is responsible for establishing the Credit Union's procurement function under the guidance of the Sr. Manager, Enterprise Risk & Vendor Management. This role serves as the central procurement advisor and coordinates sourcing, procurement, and contract-related activities across business units in accordance with procurement policies, delegated authority, and approval thresholds. The position is responsible for developing procurement governance, increasing spend visibility, improving contract lifecycle management, driving strategic sourcing initiatives, and delivering measurable cost savings. The successful candidate will partner closely with Finance, Legal, Risk Management, and business stakeholders to create a scalable procurement operating model that supports organizational growth, operational efficiency, and responsible stewardship of organizational resources. This role focuses on procurement strategy, sourcing, contract negotiation, spend analytics, and procurement governance, while partnering with vendor management on supplier oversight, performance monitoring, and ongoing third-party risk activities.
Requirements
- Bachelor's degree in Business Administration, Supply Chain Management, Finance, Procurement, or a related field; or equivalent combination of education and experience.
- Minimum five years of procurement, sourcing, contract management, supply chain, vendor management, or related experience.
- Demonstrated experience managing contract lifecycles and vendor negotiations.
- Strong understanding of procurement best practices, contract administration, and supplier management.
- Ability to identify and execute cost savings and process improvement opportunities.
- Strong analytical and problem-solving skills with the ability to interpret spend data and contract information.
- Excellent project management and organizational skills with the ability to manage multiple priorities simultaneously.
- Strong written, verbal, and presentation communication skills.
- Ability to influence and collaborate effectively with stakeholders across all levels of the organization.
- Proficiency in Microsoft Office Suite, particularly Excel, PowerPoint, and reporting tools.
Nice To Haves
- Experience establishing procurement programs, processes, or governance frameworks preferred.
- Experience with contract repositories, procurement systems, or vendor management platforms preferred.
- Experience within financial services, banking, or credit unions preferred.
Responsibilities
- Operationalize the inventory of all active vendor and supplier contracts.
- Document centralized contract management processes and repository practices.
- Develop baseline reporting for vendor spend and procurement activity.
- Assess existing contracts for renewal dates, pricing opportunities, risks, and optimization opportunities.
- Implement and maintain a contract renewal calendar to improve visibility and reduce missed negotiation opportunities.
- Identify and execute quick-win savings opportunities, including: Eliminating duplicate vendors or services, Consolidating purchases under preferred suppliers, Recovering unused licenses and subscriptions, Renegotiating contracts approaching renewal, Improving pricing transparency and contract terms.
- Develop and document procurement policies, standards, and approval workflows.
- Establish sourcing and negotiation processes to support consistent procurement practices.
- Create procurement governance frameworks that align with organizational objectives and risk management requirements.
- Partner with Legal to support contract review and remediation activities.
- Collaborate with Finance to develop spend reporting and supplier analytics.
- Support the alignment of procurement and vendor management practices to ensure an efficient and scalable operating model.
- Partner with Vendor Management to ensure procurement activities provide the necessary contract, pricing, and supplier information to support ongoing supplier performance monitoring and third-party oversight.
- Prepare status reports, dashboards, and executive-level presentations regarding procurement program maturity, savings opportunities, and governance milestones.
- Procurement responsibilities include sourcing, contract negotiation, spend analysis, supplier selection, contract administration, and procurement governance.
- Ongoing supplier performance monitoring, relationship management, issue escalation, and third-party risk oversight remain the responsibility of Vendor Management and business owners.
- Participate in cross-functional projects and strategic initiatives related to procurement, vendor management, and operational efficiency.
- Perform other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
