Procurement, Business Services Platform, Vice President (m|f|x)

E Fundresearch; New York (NY); On-site; USD 185,000; Full time

Job summary

A leading investment firm is seeking a Vice President of Procurement in New York City. This strategic role involves improving procurement efficiency and managing sourcing initiatives across portfolio companies. Ideal candidates will have extensive experience in procurement and private equity, focusing on cost optimization and stakeholder engagement.

Qualifications

• 7+ years of procurement and strategic sourcing experience.
• Strong background in IT sourcing, professional services, and insurance.
• Experience in private equity environments preferred.

Responsibilities

• Identify, evaluate, and implement cost-saving initiatives.
• Develop strategies to enhance procurement efficiency.
• Conduct in-depth spend assessments and improve pricing.

Skills

Negotiation skills

Cost-saving initiatives

Spend analysis

Stakeholder engagement

Job description

Procurement, Business Services Platform, Vice President (m|f|x) New York

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With over $250 billion in assets under management as of December 31, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Assets. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,100 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

The Role:

We are seeking an experienced and strategic procurement professional to join our team as a Vice President, Procurement. This role will support procurement value creation initiatives across our GP stakes partner manager firms and their portfolio companies. The ideal candidate will have expertise in cross-portfolio sourcing, procurement transformation, and cost optimization across a broad range of spend categories, with a strong preference for experience in private equity environments.

• Cost-Savings Opportunity Assessments: Identify, evaluate, and implement cost-saving initiatives at both the GP and portfolio company levels.
• Procurement Transformation: Develop and execute strategies to enhance procurement efficiency, optimize vendor relationships, and drive best practices across firms.
• Spend Analysis & Review: Conduct in-depth spend assessments to identify opportunities for consolidation, demand management, improved pricing, and process improvements.
• Stakeholder Engagement: Conduct interviews and collaborate with GP-level and portfolio company executives to assess procurement needs and align on sourcing strategies.
• Portfolio Company Cross-Selling: Facilitate opportunities for B2B portfolio companies to sell products and solutions to sister portfolio companies, negotiate preferred pricing, terms and conditions to maximize mutual benefits and encourage program adoption.
• New Vendor Program Development: Identify, negotiate, and onboard vendors to support aggregated sourcing and group purchasing initiatives.
• Strategic Negotiations: Lead and support vendor negotiations to achieve best-in-class pricing, service levels, and contractual terms for GP managers and their portfolio companies.
• Advisory Role: Serve as a subject matter expert on procurement best practices, providing guidance on governance, category management, and sourcing strategies at both the GP and portfolio levels.
• Cross-Portfolio & Aggregated Sourcing: Develop and manage cross-portfolio sourcing initiatives that drive economies of scale across IT, professional services, insurance, raw and direct materials, and indirect spend.
• 7+ years of procurement and strategic sourcing experience, with a focus on cross-portfolio and aggregated sourcing.
• Strong background in IT sourcing, professional services, insurance, raw and direct materials, and indirect spend.
• Experience working at or with private equity firms, GP stakes investors, or alternative asset managers is highly preferred.
• Strong negotiation skills and a track record of executing cost-saving initiatives across multiple business units.
• Proven ability to analyze spend data, identify opportunities, and implement procurement best practices at scale.
• Excellent relationship management and stakeholder engagement skills, with experience advising senior executives.
• Ability to work in a fast-paced, dynamic environment with a high degree of autonomy.
  Proficiency in procurement tools, spend analytics, and contract management systems is a plus.

It is expected that the base annual salary for this New York City- based position will be $185,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Head of Talent Acquisition, Investments and Corporate Functions