Procurement Manager

Franklin Templeton•Boston, MA

2d•Hybrid

About The Position

At Franklin Templeton, we’re advancing our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we provide opportunities to help you reach your potential while helping our clients reach theirs. Come join us in delivering better outcomes for our clients around the world! Procurement Manager Reporting to the Director within Enterprise Vendor Management, the Procurement Manager leads an offshore team responsible for day-to-day tactical procurement activities. The team ensures speed, compliance, and cost control across the organization while managing supplier onboarding, catalog enablement, tactical sourcing, purchase order execution, invoice exception resolution, and tactical contract management. This is a hands-on leadership role where success is measured by cycle time, accuracy, compliance, supplier performance, and stakeholder satisfaction. Team members collaborate closely with stakeholders and legal partners to maintain high standards and deliver value. Location: Florida, Maryland, Massachusetts and other locations may be considered (East Coast time zone preferred); may be hybrid or remote. How You Will Add Value

Requirements

Bachelor’s degree in accounting, finance, or related field, or combination of education and work experience
7+ years’ procurement industry experience
Microsoft Office (advanced Excel with macros and PowerPoint skills), SharePoint
Experience with procurement concepts, processes, systems, tools
Experience in strategic sourcing (RFIs / RFPs) and contract review and negotiation
Demonstrated ability to lead projects independently and as part of a team
Works independently, requires minimal guidance
Player coach with initiative to deliver results
Solves complex problems; takes a new perspective
Proven people leadership and management skills
Results driven with attention to detail and the ability to move quickly while staying organized
Strong research, problem solving, and communication skills (verbal and written)
Continuous improvement mindset
Contract management experience preferred

Nice To Haves

Understanding of procurement, finance and accounting principles, budgeting, and reconciliation
Experience with a Procurement system (i.e. Coupa or Ariba) a plus
Familiarity with contract lifecycle management (CLM) tools
Experience supporting indirect spend categories
Experience in a regulated industry or complex enterprise environment preferred

Responsibilities

You will lead and coach an offshore team responsible for tactical procurement execution
You will oversee supplier onboarding, catalog enablement, and tactical sourcing activities
You will manage purchase order processing and invoice exception resolution
You will handle tactical contract management and ensure compliance with policies
You will run RFQs / RFPs and make award recommendations for low-to-mid complexity spend
You will set performance expectations, SLAs (Service Level Agreements), and KPIs (Key Performance Indicators)
You will drive standardization, process discipline, and continuous improvement initiatives
You will analyze procurement data and report KPIs to senior management for strategy development
You will lead initiatives to improve customer experience, automation, and Procure-to-Pay adoption
You will enforce global vendor management policies and procedures
You will act as escalation point for procurement, supplier, and stakeholder issues
You will collaborate with Legal, Risk, AP (Accounts Payable), and Compliance to resolve onboarding blockers
You will partner with business stakeholders to set expectations and drive value
You will manage supplier relationships at an operational level to ensure performance

Benefits

Franklin Templeton offers employees a competitive and valuable range of total rewards—monetary and non-monetary — designed to support their well-being and recognize their time, talents, and results.
Along with base compensation, employees are eligible for an annual discretionary bonus, a 401(k) plan with a generous match, and recognition rewards.
We also offer a comprehensive benefits package, which includes a range of competitive healthcare options, insurance, and disability benefits, employee stock investment program, learning resources, career development programs, reimbursement for certain education expenses, paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program.
Three weeks paid time off the first year
Medical, dental and vision insurance
401(k) Retirement Plan with 85% company match on your pre-tax and/or Roth contributions, up to the IRS limits
Employee Stock Investment Program
Tuition Assistance Program
Purchase of company funds with no sales charge
Onsite fitness center and recreation center
Onsite cafeteria