Procurement Lead

About the role

The Procurement Lead will oversee IT vendor relationships, demand management, and enterprise procurement activities. Reporting to the CFO, this role plays a critical part in managing the procurement lifecycle.

Responsibilities

• Serve as the primary point of contact for certain IT vendor relationships, including outsourced developers, programs, and other onshore and offshore consultants.
• Develop and implement vendor governance frameworks, including KPIs, service-level agreements (SLAs), and performance monitoring.
• Conduct regular business reviews with vendors to assess performance, innovation opportunities, and risk exposure.
• Oversee contract renewals, amendments, and negotiations to ensure favorable terms, compliance, and business value.
• Partner with IT leadership to anticipate, analyze, and validate IT demand across business units.
• Collaborate with finance, IT, transformation, and operations teams to optimize sourcing strategies.
• Provide a roadmap and strategy for driving out cost savings with prioritization aligned to organizational needs.
• Prepare financial business cases for potential decisions on future vendor options.
• Lead and manage sourcing initiatives, including RFPs, RFQs, and RFIs for IT and non-IT categories.
• Drive competitive bidding processes, ensuring fairness, transparency, and alignment with organizational goals.
• Develop category strategies and procurement plans that align with operational needs and strategic objectives.
• Manage contract lifecycles, from initial negotiations to execution and renewal.
• Ensure compliance with internal procurement policies, legal standards, and regulatory requirements.
• Assess supplier risks, including financial stability, cybersecurity risks, and business continuity.
• Implement supplier due diligence processes and mitigate risks through appropriate contract provisions.
• Ensure proper governance on vendor and contract approvals (including signing authority).
• Act as a trusted advisor to internal stakeholders, providing procurement and vendor management expertise.
• Facilitate collaboration between IT, finance, transformation, legal, and business units to drive sourcing outcomes.
• Develop and maintain financial models and tracking of value created vs budget and a scorecard to be shared with the EC and the Board.
• Educate internal teams on procurement best practices and supplier relationship management.
• Ensure accurate and timely reporting to the business and Board as needed.
• Support the Integration Management Office as needed in synergy tracking.

Qualifications

• 7+ years of experience in procurement, with at least 3 years focused on IT sourcing and vendor management.
• Experience working in a private equity portfolio company environment.
• Proven ability to learn a business quickly at a detailed level.
• Bachelor’s degree in Business Administration, Supply Chain, IT, or related field (Master’s preferred).
• Demonstrated success leading RFP processes, contract negotiations, and supplier performance programs.
• Knowledge in particular of IT Procurement Vendor negotiations.
• Strong analytical and organizational skills, attention to detail, ability to prioritize and meet deadlines.
• Ability to work without direct supervision, and efficiently manage tasks and time.
• Familiarity with procurement systems (e.g., Coupa, Ariba, SAP) and vendor management tools.
• Strong MS Office suite, Word, Excel, Access, and PowerPoint skills (advanced Excel skills required).
• Ability to effectively prioritize and execute tasks while under pressure.
• Dynamic personality with the ability to learn quickly and adapt to new and changing environments.
• Independent and action-driven with strong critical thinking and problem-solving skills.
• Ability to comprehend and process large amounts of data and summarize into digestible format.
• Proven ability to set clear objectives and drive change in an organization.
• Proven ability to manage multiple projects and priorities.
• Excellent listening, interpersonal, written, and oral communication skills and the ability to interact professionally with a diverse group, executives, managers, and subject matter experts.
• Logical, efficient, and creative, with keen attention to detail.
• Highly self-motivated and self-directed.
• This person must have proven leadership experience, be a dynamic self-starter, and have a "Can-Do" attitude that excels in a fast-paced, high-growth environment.