Procurement Manager

Liberty Bank; Middletown (CT); On-site; USD 110,000 - 140,000; Full time

Job summary

Liberty Bank seeks a Procurement Manager to lead procurement policy development, standardized RFP processes, and spend management to drive value and compliance. The role emphasizes cost savings, supplier negotiations, and data-driven decision-making within a banking environment.

You will collaborate with Finance, IT, and Vendor Owners, prepare reports for Management and the Board, and mentor stakeholders in procurement best practices while maintaining high integrity and strategic impact.

Qualifications

• Bachelor's degree in business, economics, finance, logistics, or in a related field.
• Master's degree preferred in business or specialization in advanced procurement management.
• 7-10 years procurement experience in financial/banking services.
• High degree of interpersonal skills and proven ability to develop and deliver effective training to stakeholders at all levels of the Bank.
• Proven ability to meet deadlines and facilitate solutions in a fast-paced environment.
• Proven ability to be self-sufficient with high integrity, reliability, and accountability.
• Superb leadership and communication skills with the ability to present and influence strategy at all levels in the organization.
• Strong financial acumen to develop pricing/negotiation strategies.
• High level of productivity, ability to take task to completion and meet deadlines under pressure with focus on quality.
• Familiarity with corporate risk and compliance programs, including risk assessments, testing and monitoring, training, policy/procedure development, and implementation of new products and business processes.
• Strong competency in Word and Excel, PowerPoint and Outlook.
• Knowledgeable in Vendor Management tools.
• Strong organizational and project management skills.

Responsibilities

• Lead the development and implementation of the Bank's Procurement Policy and standardized RFP processes.
• Compile reports for Management, Finance Committee of the Board, and other stakeholders.
• Plan, organize and control day-to-day procurement and strategic sourcing activities.
• Build relationships with stakeholders across Vendor Owners, IT, Finance, General Counsel, and regulators.
• Develop and maintain the Bank's Procurement Policy and sourcing procedures.
• Present improvement strategies to Senior Management for approval.
• Drive purchasing decisions based on cost, scenario analysis, and market trends.
• Negotiate contracts with suppliers, including costs and terms of supply, service and quality.
• Conduct market research, cost estimates and forecasts.
• Meet savings targets and budgets.
• Conduct competitive sourcing strategies to minimize costs and improve gross margins.
• Collaborate with Vendor Owners to negotiate contracts and perform RFPs/bids.
• Manage supplier relationships to ensure reliability and quality.
• Lead continuous improvement to reduce costs and optimize inventory.
• Provide data analysis to drive spend category strategies and savings.
• Support bank-wide spend sourcing initiatives and cross-functional projects.
• Partner with Vendor Risk Management to ensure due diligence before contracts.

Skills

Interpersonal skills

Training & stakeholder development

Leadership

Communication

Negotiation

Cost analysis

Project management

Financial acumen

Vendor management

Policy development

Sourcing strategies

Education

Bachelor's degree in business/related field

Master's degree preferred

Tools

Word

Excel

PowerPoint

Outlook

Vendor management tools

Job description

At Liberty, we strive to maximize our impact and exceed goals by investing in our teammates to deepen our relationships in the workplace and communities we serve. We take pride in promoting a socially responsible and sustainable future through initiatives and investment.

SUMMARY OF THE JOB:

Reporting to the Chief Financial Officer, the incumbent is responsible for the development, maintenance and oversight of a Procurement/Strategic Sourcing standard at Liberty Bank in support of obtaining goods and services in an efficient and economic manner; ensuring quality, cost effectiveness and unbiased, fair business practices.

ESSENTIAL FUNCTIONS:

• The Procurement Manager is responsible for leading the development and implementation of the Bank's Procurement Policy and maintaining a robust methodology for standardized request for proposal processes, strategic sourcing, spend management and related performance reporting.
• The Procurement Manager will periodically compile reports to Management, Finance Committee of the Board of Directors, and other stakeholders for analysis and tracking purposes.
• This position plans, organizes and controls the Bank's day to day Procurement and Strategic Sourcing activities and collaborates with stakeholders in the overall administration of these directives for the Bank.
• The Procurement Manager will also be expected to build effective relationships with all respective stakeholders as defined in the Procurement Responsibility, Accountability, Consult, Inform (RACI) Matrix (e.g., Vendor Risk Management, Finance, Corporate Admin., Information Technology, General Counsel and other Vendor Owners throughout the Bank as well as industry and regulatory authorities), and participate in various Committees, audits, and examinations.
• Develop & maintain the Bank's Procurement Policy.
• Maintain sourcing procedures and present improvement strategies to Senior Management for approval.
• Drive purchasing decisions based on cost and scenario analysis, as well as market trends.
• Negotiate contracts with suppliers, including costs and terms of supply, service and quality.
• Conduct market research, as well as creating cost estimates and forecasts.
• Meet savings targets and budgets.
• Conduct competitive sourcing strategies and negotiates with suppliers to minimize costs of materials and improves gross margins.
• Collaborate with Vendor Owners to negotiate vendor contracts and perform Request for Proposals (RFP) and bids.
• Manage relationships with suppliers to ensure reliability, quality and responsiveness expectations are being met.
• Initiate and lead continuous improvement efforts to improve cost of goods, inventory control processes and systems, inventory levels and on-time availability of materials.
• Provide data analysis to drive spend category strategies and savings.
• Support bank-wide common spend sourcing initiatives and break through projects.
• Partner with Vendor Risk Management to ensure new vendors have had due diligence tasks completed before contracts are signed.
• Other duties as assigned.

MINIMUM KNOWLEDGE/SKILLS:

• Bachelor's degree in business, economics, finance, logistics, or in a related field.
• Master's degree is preferred in business or specialization in advanced procurement management.
• 7-10 years procurement experience in financial/banking services.
• High degree of interpersonal skills and proven ability to develop and deliver effective training to stakeholders at all levels of the Bank.
• Proven ability to meet deadlines and facilitate solutions in a fast-paced environment.
• Proven ability to be self-sufficient with high integrity, reliability, and accountability.
• Superb leadership and communication skills with the ability to present and influence strategy at all levels in the organization.
• Strong financial acumen to develop pricing/negotiation strategies.
• High level of productivity, ability to take task to completion and meet deadlines under pressure coupled with a focus on quality.
• Familiarity with corporate risk and compliance programs, including risk assessments, testing and monitoring, training, policy/procedure development, and implementation of new products and business processes.
• Strong competency in Word and Excel, PowerPoint and Outlook.
• Knowledgeable in Vendor Management tools.
• Strong organizational, and project management skills.

PHYSICAL REQUIREMENTS:

• General Office Equipment
• Keyboard Dexterity
• Prolonged Sitting
• Ability and willingness to travel

COMPLIANCE:

Acts affirmatively in all activities under his/her control in conformance with the Bank's the Bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin, or veteran status. Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

Why work here?

If you're looking for a career you can be passionate about, you may find more than just your next job at Liberty Bank.

About Us

At Liberty Bank, our 200-year legacy is just beginning. We are building a future defined by purpose, innovation, and opportunity where people feel empowered to grow, lead, and make a difference. Our culture is rooted in connection, accountability, and inclusion, creating an environment where teammates are inspired to bring their full selves to work and do their best work every day.