Director of Procurement

Morningstar, Inc.; Chicago (IL); Hybrid; USD 161,000 - 247,000; Full time

Benefits offered by this job

401k match

Stock ownership potential

Health benefits

Paid sabbatical

Parental leave

Tuition reimbursement

Volunteer program

Flex stipend

Job summary

Morningstar, Inc. seeks a Director of Procurement within Corporate Services to drive enterprise-wide, high-impact sourcing strategies and lead complex negotiations with key suppliers.

The role reports to the Head of Global Procurement and requires strong data-driven analytics, cross-functional collaboration, and stakeholder relationship building. The candidate will own category strategy across Professional Services, Travel, Contingent Workforce, and Facilities/CapEx, and will lead a

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, SOWs, Change Orders, etc.
• Experience leading global strategic sourcing in a fast-paced, dynamic environment.
• Ability to collaborate with business partners to implement category strategies at scale.

Responsibilities

• Own category strategy and contract negotiations across multiple spend categories.
• Design data-driven sourcing strategies balancing cost, speed, quality and innovation.
• Lead supplier evaluations, negotiations and end-to-end contract management.
• Negotiate complex, global agreements focused on savings and value.
• Use analytics and automation to improve visibility and decision speed.
• Prepare RFQs/RFPs, evaluate proposals, and manage evaluation processes.
• Serve as trusted commercial advisor to senior leaders across HR, Finance and Legal.
• Align sourcing strategies to enterprise growth and margin goals.
• Develop team capabilities in category management and strategic sourcing processes.
• Define and implement process improvements to increase engagement and reduce cycle time.

Skills

Negotiation

Executive communication

Stakeholder management

Strategic sourcing

Team leadership

Analytical skills

Education

Bachelor’s degree

MBA or JD preferred

Job description

The Procurement role of Corporate Services, Director who will drive high-impact strategies enterprise-wide for stakeholders — delivering measurable enterprise value by leading strategic sourcing and contract negotiations with key suppliers.

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.

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 plansand coverages

• - Additional medical Wellness Incentives - up to $300-$600 annual
• - Company-provided long- and short-termdisabilityinsurance

- 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 & FormalMentorshipOpportunities
• - 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.

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