Strategic Sourcing/Vendor Management (Start-up)

Coda Search│Staffing; New York (NY); On-site; USD 100,000 - 120,000; Full time

Job summary

Coda Search│Staffing is looking for an experienced Manager of Procurement to join a growing Financial Technology firm in New York City. In this critical role, you will lead procurement and strategic sourcing, manage vendor relationships, and optimize buying processes.

The ideal candidate will possess a Bachelor's degree and at least 10 years of experience in procurement, preferably within the financial industry. Strong leadership and negotiation skills are required, including proficiency with ERP systems like Workday.

Qualifications

• A minimum of 10 years’ experience in Procurement.
• Experience within the financial industry preferred.
• Knowledge of bidding procedures and criteria.

Responsibilities

• Support the implementation of quality standards and policies.
• Manage the end-to-end Procurement process for software and data providers.
• Identify, evaluate, and select vendors in the financial services sector.
• Establish relationships with key functional managers for understanding needs.
• Stay updated on industry best practices and advancements in procurement technology.

Skills

Leadership skills

Contract management

Negotiation skills

Analytical skills

Project management

Communication skills

Data-driven decision making

Collaboration skills

Education

Bachelor's degree

Tools

Excel

Word

PowerPoint

ERP/Workday

Job description

Our client is a growing NYC Financial Technology/Financial Data Firm, seeking to add an experienced Manager of Procurement to lead the Procurement and strategic sourcing function within the firm, managing vendor relationships and ensuring the organization manages efficient buying processes. The role focuses on optimizing sourcing and procurement processes, proactively identifying and resolving areas of weakness within firm.

Responsibilities

• Support the implementation of quality standards and policies by collaborating across all operational teams and processes.
• Responsible for the preparation, analysis, negotiation and finalization of the end-to-end Procurement process for all software and data providers
• Perform direct negotiations and manage large and complex agreements
• Find and deliver saving opportunities via stakeholder engagement and data analysis
• Identify, evaluate, and select vendors based on quality, cost, and delivery capabilities, specifically within the financial services sector.
• Collaborate with internal stakeholders, including Finance, Legal, HR, Compliance, Technology and Operations teams, to understand procurement needs and specifications.
• Maintain accurate records of procurement activities, contracts, and vendor information within the firm ERP (Workday).
• Accountable for purchasing financial performance initiate and lead cost reduction projects.
• Internal/External customer focus to address complex issues.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Influence or convince stakeholders to achieve outcomes.
• Lead Purchasing team to achieve the goals of the function and align with the organization’s goals.
• Establish & maintain relationships with key functional managers and their teams to ensure understanding of their needs and to facilitate the appropriate level of challenge.
• Stay updated on industry best practices, regulatory requirements, and advancements in procurement technology.
• Overseeing work progress and ensuring timely completion of technical development activities;
• Develop and review KPIs, interview and hire staff and oversee staff training and complete performance evaluations.

Required Skills

• A minimum of a Bachelor\'s degree is required for this position.
• A minimum of 10 years’ experience in Procurement.
• Experience within the financial industry preferred.
• Knowledge of bidding procedures and criteria
• Strong leadership, vision and strategy setting, communication, influencing, collaboration, and talent development skills.
• Strong contract management and negotiations skills
• Excellent analytical and problem-solving abilities.
• Strong Project and change management capabilities.
• Ability to continuously improve the organization.
• Excellent computer skills with Excel, Word, PowerPoint, and familiar with ERP/WORKDAY
• Experience in working with multi-cultural team
• Data-driven decision maker with excellent program management and organizational skills