Director, Sourcing & Strategic Initiatives

Ryan Specialty; Chicago (IL); Presencial; USD 156.000 - 195.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Bonus eligibility

Descripción de la vacante

Ryan Specialty seeks a Procurement Director to oversee and optimize procurement across all goods and services, aligning strategies with internal budgets and company objectives. You will lead a team of procurement professionals and collaborate with stakeholders to leverage knowledge, relationships, and investments for maximum impact.

The role requires 12-15 years in procurement, 5+ years in leadership, and a strong track record in cost reduction and supplier management within an insurance-related

Formación

• Bachelor’s degree in a related field; Master’s preferred.
• “12-15 years of experience in Procurement or related field.”
• “5+ years of experience in managing a team.”
• Experience in insurance industry is a plus.

Responsabilidades

• Provide leadership to a team of procurement professionals to develop comprehensive procurement strategies.
• Engage with senior leaders to align procurement strategies with business objectives.
• Drive cost savings and financial performance metrics.
• Lead supplier contract/price negotiations and supplier performance initiatives.
• Collaborate with procurement and senior management to inform sourcing decisions.
• Develop and maintain spend reports by category, vendor, and business unit.
• Recruit, hire, and retain procurement team members and oversee budgeting.

Conocimientos

Procurement

Team leadership

Strategic sourcing

Cost reduction

Supplier relationship mgmt

Negotiation

Analytics

Budget management

Process improvement

Vendor management

Communication

Educación

Bachelor’s degree

Master’s degree preferred

Herramientas

Spend Management Software

MS Office

Descripción del empleo

Position Summary

The Procurement Director will be responsible for overseeing and optimizing all aspects of procurement to delivery. This role will also ensure procurement strategies, processes, and program executions are fully integrated to support internal budget business plans and company objectives and will actively collaborate with stakeholders to ensure that our knowledge, relationships and investments are effectively and efficiently leveraged. The role leads teams focused on procurement of all goods and services.

The Procurement Director will be responsible for overseeing and optimizing all aspects of procurement to delivery. This role will also ensure procurement strategies, processes, and program executions are fully integrated to support internal budget business plans and company objectives and will actively collaborate with stakeholders to ensure that our knowledge, relationships and investments are effectively and efficiently leveraged. The role leads teams focused on procurement of all goods and services.

What will your job entail?

Job Responsibilites:

• Provide leadership, guidance and support to a team of procurement professionals to develop comprehensive procurement strategies.
• Actively engage with senior leaders and ensure alignment of Procurement strategies to meet and/or exceed business objectives.
• Drive accountability and deliver results on key financial metrics - cost savings.
• Strive towards achieving world class supplier performance by driving continuous improvement initiatives and active collaboration with strategic suppliers - Lead major Supplier Contract/ Price negotiations.
• Collaborate with Procurement team, engage with senior management team members to provide perspective on current market trends to inform client strategic decisions/sourcing initiatives in line with business goals and objectives.
• Develop and maintain detailed reports on spend by category, vendor, and business unit.
• Recruit, hire, evaluate, train, develop and retain productive and highly engaged Procurement Department team members.
• Assist with acquisition due diligence.
• Maintain files on all contracts and correspondence.
• Maintain and oversee the annual budgeting process. Work Experience and Education:
• Bachelor’s degree required, Master’s degree preferred; Business Administration, Finance, Supply Chain preferred. Any other related discipline or commensurate work experience considered.
• 12-15 years of experience in Procurement or related field.
• 5+ years of experience in managing a team. Licenses & Certifications:
• Chartered Institute of Procurement & Supply (CIPS), or Certified Purchasing Manager (CPM) is a plus. Skills: Technical/Functional Skills:
• Knowledge of Insurance Industry
• Microsoft Office
• Cost Reduction Techniques
• Procurement
• Contract Management
• Procurement Tools
• KPI Tracking
• Financial Management
• Spend Management Software
• Process Improvement
• Vendor Management
• Analytical Behavioral Skills:
• Business Relationship Management
• Effective Communication
• Time Management
• Negotiation
• Problem Solving

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

How We Support Our Teammates

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target salary range for this position is $156,000.00 - $195,000.00 annually.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at [e-mail]

The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.