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Sr. Procurement Manager

Posted about 2 months agoViewed

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💎 Seniority level: Manager, 8–10 years

📍 Location: United States

💸 Salary: 110000.0 - 148000.0 USD per year

🔍 Industry: Insurance

🏢 Company: Next Insurance👥 501-1000💰 $265,000,000 Series F over 1 year ago🫂 Last layoff over 2 years agoFinanceInsurTechInsuranceSmall and Medium BusinessesCommercial Insurance

🗣️ Languages: English

⏳ Experience: 8–10 years

🪄 Skills: Data AnalysisComplianceBudgeting

Requirements:
  • Minimum of 8–10 years of procurement experience
  • Demonstrated success in developing and implementing procurement strategies.
  • Strong experience in contract negotiation and supplier relationship management.
  • Proficient with procurement software and tools (Sudozi, Coupa, SAP Ariba, etc)
  • Proficient with Contract Management tools (Ironclad, DocuSign CLM)
  • Strong analytical skills with the ability to interpret and act on data insights.
  • Knowledge of sourcing practices and supplier management principles.
Responsibilities:
  • Lead the review, negotiation, and finalization of complex procurement contracts to ensure alignment with company objectives, legal standards, and risk management strategies
  • Develop and implement comprehensive procurement strategies aligned with business objectives.
  • Identify cost-saving opportunities and implement strategies to optimize spending.
  • Manage risk and compliance with procurement policies, regulations, and standards.
  • Assist in the implementation and optimization of procurement software systems and integration with existing ERP systems.
  • Oversee the selection, customization, testing, and deployment process.
  • Build and maintain strong relationships with key suppliers and stakeholders.
  • Negotiate contracts to achieve favorable terms and conditions for the organization.
  • Monitor supplier performance to ensure quality, timeliness, and adherence to agreements.
  • Oversee day-to-day procurement activities, ensuring efficient and timely operations.
  • Utilize data analytics to monitor procurement performance and identify improvement areas.
  • Ensure proper documentation and maintenance of procurement records.
  • Develop and manage the procurement budget.
  • Analyze financial data to ensure procurement activities align with cost-saving objectives.
  • Provide regular reports to senior management on procurement performance and expenditures.
  • Work with the Director of Revenue Accounting to ensure compliance with Revenue Recognition accounting standards.
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