Vice President, Procurement

Oaktree Capital Management, L.P.•Los Angeles, CA

1d•$145,000 - $175,000

About The Position

As a part of Brookfield’s $416B credit platform, Oaktree is a premier credit manager emphasizing an opportunistic, value-oriented, and risk-controlled approach to investing across credit, equity, and real estate. Oaktree is committed to cultivating an environment that is collaborative, curious, inclusive and honors diversity of thought. Providing training and career development opportunities and emphasizing strong support for our local communities through philanthropic initiatives are essential to our culture. Oaktree is wholly owned by Brookfield, a leading global investment firm with more than $1 trillion in assets under management. Brookfield owns and operates high-quality businesses and real assets that provide essential services and form the backbone of the global economy. It invests on behalf of institutions and individuals around the world across infrastructure, renewable power and transition, private equity, real estate, and credit.

Requirements

8-10 years of progressive procurement, strategic sourcing, supplier and contract management, contract management and operations experience, including leadership responsibility.
Extensive experience leading complex sourcing processes, negotiating enterprise technology agreements, and managing software licensing, renewals, utilization, and compliance.
Strong knowledge of procurement operations and governance, including P2P, accounts payable dependencies, three-way match, and asset controls.
Advanced financial acumen across budgeting, forecasting, variance and spend analysis, and the validation of savings and cost avoidance.
Experience with Workday or comparable ERP purchasing tools and ServiceNow or similar intake and workflow platforms, coupled with strong senior-level stakeholder management and commercial decision-support capabilities.

Nice To Haves

MBA or a relevant professional certification, such as CPSM or CIPS, is preferred.

Responsibilities

Centralize and execute a global procurement strategy that aligns purchasing verticals, category ownership and service channels with line-business needs; direct the intake, prioritization and routing of sourcing opportunities across verticals, assigning the appropriate sourcing and procurement delivery path.
Own the pre-purchase requisition, approval and demand-qualification process and embed it in business planning so the use case, budget, existing suppliers, alternatives, approvals and sourcing path are evaluated before contractual commitment and anticipated demand is visible to executive decisionmakers.
As necessary, lead complex RFI/RFP/RFX processes and negotiations with technology providers, manufacturers, value-added resellers and strategic suppliers to improve price, terms, service levels and flexibility.
Oversee enterprise software renewals across subscription, perpetual and consumption-based models; apply market intelligence to optimize the technology portfolio to meet evolving business needs and technology strategy.
Oversee special projects and co-sourcing initiatives with affiliate and portfolio companies, coordinating demand, joint commercial strategy, execution and value tracking across participating entities.
Own supplier commercial lifecycle governance from demand through contracting, onboarding, performance management, renewal and exit; maintain forward visibility to commercial commitments and dependencies.
Manage strategic supplier relationships and escalations, and negotiate or review routine agreements within delegated authority and Oaktree standards.
Partner with Legal, Accounting, Technology and the Vendor Management Office to address contractual, financial and supplier-governance requirements, including data protection, resilience and service levels.
Own the front end of the procure-to-pay pipeline from pre-purchase requisition and demand qualification through ServiceNow intake and purchase order generation enabling budget alignment and downstream three-way-match exception resolution at time of invoice receipt.
Influence change, train stakeholders and gather requirements from management to continuously improve procurement operations delivery.
Maintain a strong control environment covering approval routing, coding quality, segregation of duties and documentation.
Set and manage the procurement-related asset management strategy and processes, including lifecycle standards, tagging, register integrity, reconciliation, transfer and disposal.
Lead and develop the Hyderabad Procurement Operations Center of Excellence and a follow-the-sun, tier-based service model with clear ownership, service levels and escalation paths.
Monitor off-catalog and maverick spend and convert recurring demand into catalogs, standards, preferred-supplier arrangements or sourcing initiatives.
Partner with Finance and budget owners as an advisor and informer to the budgeting process including contributions to forecasting, variance analysis and spend management for significant vendor portfolios.
Deliver demand-focused dashboards to management to show inbound spend demand in the pre-purchase requisition process and retrospective validated savings and cost avoidance across multiple verticals.
Develop requirements and drive results for data-driven commercial contract management including contract spend and renewal exposure.
Own the procurement process and technology roadmap across ServiceNow and Workday or analogous platforms, advancing data quality, automation, standardization and user experience.