Director, Strategic Sourcing
Compensation: $147,390.00 - $147,390.00 /year *
Employment Type: Full-Time
Industry: Executive Management
Director, Strategic Sourcing
**Primary Job Duties & Responsibilities:**
Manages, plans, budgets, directs and executes departmental objectives on strategic sourcing initiatives, including international, ensuring efficient and effective accomplishment of Corporate Procurement goals. May direct staff in areas, which may include selection, training, establishment of accountabilities, objectives, development, evaluation, salary administration and termination. Develop, implement, and manage Corporate Procurement policies, processes and guidelines to establish best in class processes. Maintain standard templates for contracts, requests for proposal, supplier performance metrics and all other recurring use procurement documents that impact the organization's operating costs and productivity targets. Assist with the ongoing and future development of Supplier Diversity initiatives through education and support of the team. Establish and maintain strategic relationships with business customers and senior management, as well as with various internal and external partners such as Legal, Finance, IT Security, Compliance, Audit, IT, Supplier Management, and Supplier Diversity. Work on end-to-end negotiation deals and strategic sourcing events that have high complexity and dollar value. Provides assistance and direction to analysts to evaluate and negotiate contracts that represent business requirements with a focus to drive optimal Total Cost of Ownership (TCO). Assist to establish practices that negotiate contracts for adherence to corporate contract standards, escalating changes that impact the risk profile for discussion and approval as appropriate. Use negotiation and influencing skills as needed to enlist support from across many levels of the organization. Make recommendations on sourcing strategies and results to senior management. Assist to establish practices to draft and manage contracts through collaboration with Legal (e.g., master agreement, statement of work, amendment, pricing schedule, service level agreement, etc.) through the established Corporate Procurement processes. Communicate Corporate Procurement processes, policies and periodic updates on the progress of related sourcing projects to the business and stakeholders, including senior management. Communicate and support Supplier Management standards and due diligence requirements when consulting with business customers and partner with the Supplier Management team to resolve issues or questions. Assess, communicate and monitor priority on contract execution based on business impact in partnership with the business, Legal, stakeholders and senior management, as appropriate. Partner with multiple business lines for enterprise purchases to ensure optimal pricing, flexibility, and terms and conditions. Maintain awareness of changing market conditions, as well as strategic business directions and senior management directives that create opportunities for cost savings. Inspire colleagues to collaborate with other Strategic Sourcing team members on sourcing strategy, best practices, and knowledge transfer. Perform other duties as assigned.
**Job Opening ID:**
**Equal Employment Opportunity Statement:**
Travelers is an equal opportunity employer.
**Job Specific & Technical Skills & Competencies:**
Intermediate to advanced proficiency of eSourcing and Ariba procurement applications preferred. Intermediate to advanced proficiency of Excel, PowerPoint and Word preferred. Intermediate to advanced proficiency of working with a contract management tool/application to ensure all documents are organized and data is entered accurately preferred.
The Director, Strategic Sourcing assists in the formulation of the Corporate Procurement processes, methods, systems, tools and metrics supporting Enterprise Business and International lines of business including Personal Insurance, Business Insurance, Bond, Claim, Business Process and IT Outsourcing, and International. This position assists the 2VP, Strategic Sourcing in managing the enforcement of all corporate contracts to drive contract utilization, guidelines and compliance that reduces total cost of ownership (TCO), increases productivity and drives operational excellence. The position may also direct procurement analysts working on strategic sourcing, negotiation, contract drafting and execution, support of Supplier Management, program management, category management and spend and market analysis.
**Education, Work Experience & Knowledge:**
Experience in negotiating data, software, hardware, software-as-a-service and consulting services contracts is preferred. Bachelors' or Master's degree preferred.
1 Operates standard office equipment (Frequently) 1 Sitting (can stand at will) (Frequently) 1 Standing (Occasionally) 1 Use of Keyboards, Sporadic 10-Key (Frequently)
Minimum 7 years of strategic sourcing, negotiation, finance or supplier management experience required. Must have strong management skills, including communicating, negotiating, directing, planning, organizing, writing skills and problem solving. Requires thorough knowledge and understanding of strategic sourcing concepts to include strategic sourcing, supply management, inventory management, cost-price analysis, minority supplier programs, bid solicitation, negotiating techniques and market analysis/trends. Must have thorough understanding of all functions, programs, and commodities managed, as well as sound financial principles and expense accounting. Project planning, negotiating, organizing, documenting and problem solving skills required. Requires ability to take quick, decisive action in unique and complex situations to meet corporate business objectives and business requirements. Knowledge of business and legal implications of proposed procurement solutions required. Must have ability to perform equally well in a team environment or individually.
Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.
Hartford - Connecticut - United States
St. Paul - Minnesota - United States
We are committed to valuing the diversity that exists among our workforce, our business partners, our customers and our communities. With respect to our workforce, we are committed to not only increasing diversity in our hiring at all levels but also fostering an inclusive environment where all employees, regardless of race, color, religion, gender, gender identity, age, national origin, disability, veteran status, marital status, sexual orientation, genetic information or any other status or condition protected by law, can develop and thrive.
Associated topics: area sales, b2b, bi, business growth, business planning, franchise operator, inside sales, intelligence, sales, wholesale
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.
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