Director, Global Procurement Corporate Services

Morningstar Credit Ratings, LLC; Chicago (IL); Hybrid; USD 161,000 - 247,000; Full time

Benefits offered by this job

401k match up to 6%

Stock ownership

Sabbatical program

Paid volunteering days

Job summary

Morningstar is seeking a Procurement Director in Corporate Services to lead strategic sourcing on Professional Services, Travel, Contingent Workforce, and Workplace Facilities. The role demands data-driven decision making, strong negotiation skills, and the ability to align supplier strategies with enterprise growth and margin.

The successful candidate will build consensus, develop relationships across HR, Finance, and Legal, and lead a high-performing team focused on innovation and commercial

Qualifications

• Bachelor’s degree required; MBA or JD preferred.
• 10+ years of progressive strategic sourcing or commercial leadership experience.
• Strong negotiation experience with Master Agreements, Statements of Work, Change Orders, etc.
• Excellent executive communication and stakeholder influencing skills.

Responsibilities

• Own category strategy and contract negotiations across multiple spend categories.
• Design data-driven sourcing strategies addressing stakeholder objectives while balancing cost, speed, quality, and innovation.
• Lead supplier evaluations, negotiations, and end-to-end contract management.
• Utilize analytics and automation to enhance visibility and decision speed.
• Prepare RFQs/RFPs; analyze proposals; manage evaluation processes.

Skills

Negotiation

Leadership

Stakeholder management

Data analytics

Sourcing strategy

Education

Bachelor’s Degree

MBA or JD preferred

Job description

The Procurement role of Corporate Services, Director

Reporting to the Head of Global Procurement, a successful candidate will have experience in best-practice procurement methods and business processes; deep data-driven analytical skills; and demonstrated success at building consensus, navigating through ambiguity, and developing deep relationships across disparate stakeholder groups.

Key Responsibilities

Own category strategy and contract negotiations across several categories of spend: Professional Services, Travel, Contingent Workforce, and Workplace Facilities and CapEx related projects. Design data-driven sourcing strategies that effectively address stakeholder objectives while balancing cost, speed, quality, and innovation. Lead supplier evaluations, negotiations, and contract management (end to end) ensuring best-in-class procurement practices. Negotiate complex, global agreements focused on total value, negotiated savings (budgetary and avoidance), and market-reasonable terms. Use analytics and automation to enhance visibility and decision speed. Prepare RFQs, RFPs, bid documents, analyze and evaluate proposals, and administer the evaluation process. Serve as trusted commercial advisor to senior leaders across HR, Finance, and Legal. Align sourcing strategies to enterprise goals for growth and margin. Manage and develop organizational and team member capabilities, particularly in category management and strategic sourcing processes. Troubleshoot and resolve process issues impacting internal stakeholders. Define and implement process improvements that increase engagement, reduce cycle time and deliver efficiency gains, while ensuring compliance with policies and mitigating supplier risk. Manage and optimize strategic supplier relationships to drive innovation and accountability. Lead a high-performing team recognized for innovation and commercial excellence. Provide thought leadership from a procurement/sourcing perspective and work with business partners to develop new and creative strategies. Other duties as necessary and assigned.

Qualifications

Bachelor’s Degree required. MBA or JD preferred. 10+ years of progressive strategic sourcing or commercial leadership experience leading Corporate Services / Professional Services spend categories.; 8+ years of team leadership experience. Strong negotiation experience (Master Agreements, Statements of Work, Change Orders, etc.) and demonstrated organizational and project management skills. Success in large-scale enterprise initiatives and demonstrated expertise in strategic sourcing at a global scale and within a fast paced, and dynamic organization is required. Outstanding ability to collaborate with business partners and teams in defining and implementing category strategies at scale. Solid leadership skills and demonstrated ability to recruit, mentor, develop and retain outstanding strategic sourcing teams. Strong financial acumen and complex negotiation experience. Excellent executive communication and stakeholder influencing skills. Other duties as necessary and assigned.

Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide: Financial Health 100% 401k match up to 6% of salary Stock Ownership Potential Company provided life insurance - 1x salary + commission Physical Health Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages Additional medical Wellness Incentives - up to $300-$600 annual Company-provided long- and short-term disability insurance Emotional Health Trust-Based Time Off 6-week Paid Sabbatical Program 6-Week Paid Family Caregiving Leave Competitive 8-24 Week Paid Parental Leave Adoption Assistance Leadership Coaching & Formal Mentorship Opportunities Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses Tuition Reimbursement Social Health Charitable Matching Gifts program Dollars for Doers volunteer program Paid volunteering days 15+ Employee Resource & Affinity Groups Total Cash Compensation Range $161,050.00-246,933.33 Inclusive of annual base salary and target incentive Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

Company overview

001_MstarInc Morningstar Inc. Legal Entity Morningstar is a global independent investment research and financial data company. Here, you'll help uncover what's hidden, simplify what's complex, and create insights that empower investor success. Morningstar Development Program Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. We make all employment decisions—including recruitment, hiring, compensation, training, promotion, transfer, discipline, termination, and other personnel matters—without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity and expression, parental status, or other legally protected characteristics or conduct.