We are seeking a highly experienced individual to join our team as the Director of Procurement. In this pivotal role, you will be tasked with creating and leading our Procurement department from the ground up.

• Establish the Procurement Department: Build and structure a high-performing Procurement department from scratch, defining its role within the company and setting its strategic direction.
• Develop Procurement Processes: Create and implement clear, efficient procurement policies and procedures from the ground up. Ensure these processes are well-documented and integrated with the company’s overall business operations.
• Team Building and Leadership: Lead the hiring process for the procurement team, defining roles and responsibilities, and ensuring all members are aligned with the department’s goals and objectives. Develop a department culture focused on high performance and continuous improvement.
• Spend Analysis and Management: Conduct thorough spend analysis to identify cost-saving opportunities and inefficient spending patterns. Develop and implement a comprehensive spend management strategy, including the establishment of new organizational spending habits and controls.
• Supplier Consolidation and Strategic Sourcing: Utilize spend analysis results to drive supplier consolidation initiatives, reducing the vendor base to optimize efficiency and leverage buying power. Implement strategic sourcing practices to ensure the best value from supplier relationships.
• Negotiation and Contract Management: Lead the negotiation of terms with suppliers to secure favorable conditions and pricing. Establish robust contract management processes to ensure compliance, monitor performance, and manage supplier relationships effectively.
• System Implementation: Spearhead the implementation/enhancement of COUPA, ensuring it supports the newly established procurement processes and aligns with company needs. Prior experience with systems such as Coupa is advantageous.
• Stakeholder Engagement: Actively engage and build relationships with executive-level stakeholders, effectively communicating the new procurement vision and its impact on the organization.
• Cross-functional Collaboration: Work closely with other departments to ensure the procurement function integrates seamlessly with the wider business, facilitating a collaborative approach to procurement across the company. Continuous Improvement and Innovation: Foster an environment of continuous improvement, identifying and pursuing opportunities for cost savings, process optimization, and innovation within the procurement function.

• Demonstrated ability in building and leading a Procurement department from the ground up.
• Extensive experience in spend analysis, vendor consolidation, negotiation, and contract management.
• Strong leadership skills with a proven track record in hiring and developing high-performing teams.
• Excellent communication and stakeholder engagement abilities.
• Strategic thinker with the ability to translate strategic plans into actionable objectives.
• Deep understanding of change management and experience in driving organizational transformation.
• BS/BA in IT, Business, Supply Chain Management, or related discipline.
• 10+ years of experience in Supply Chain Management.
• 8+ years of experience in Procurement, preferably procurement operations.
• Experience managing procurement operations within a shared services environment.
• Knowledge of compliance and experience with controls.
• Familiarity with IPO processes and requirements.
• Prior experience in a matrix organization.
• Experience in the Financial Services Industry (Insurance) is preferred.