VP, Global Sourcing & Procurement

Atlanta, Georgia
Not Specified
Oct 14, 2016
Dec 13, 2016
Job Type
Not Specified
Career Level
Not Specified
The VP, Global Sourcing and Procurement is responsible for leading all global procurement efforts. S/he is responsible for setting the vision, strategy and direction for effect and efficient management of Assurant's in third party spend which is in excess of $1 Billion. The position will partner with Senior and Executive level spend owners to maximize the value they receive from suppliers to ensure that business and functional objectives are met. The position is responsible for building a strong, mature organization that allows Assurant to significantly and quickly increase spend under management, identify and deploy best practices, set spend/purchasing policies across Assurant and transform the organization from one that is locally driven to one that operates as a global center of excellence. Building relationships with each business head to design long term (3-5 year) spend strategies to help enable the departmental transformation will be essential. The position is accountable for all projects and programs related to procurement planning, demand management, supplier selection, negotiating, contracting, implementation, reporting, purchasing, and requisitioning for all spend categories across the global enterprise. This will likely be accomplished by leveraging both economies of skill and economies of scale while building a metric driven, results oriented organization with a focus on value realization, risk reduction and spend optimization.

Strategic Planning: Creates the Procurement organization's long term strategy and champions the development of leading procurement capabilities (people, process, technology) within the enterprise to maximize the ROI.

  • Creation of short, mid, and long term goals and objectives
  • Creation and ongoing value creation with a world class supply base
  • Leadership of high value strategic sourcing efforts
  • Build a Procurement Center of Excellence to enable successful procurement transformation, while ensuring alignment with broader transformation of Assurant's value chain across the enterprise

Communications / Change Management:

  • Leads the development, communication, and execution of the Procurement organization's vision and mission
  • Accountable for ensure all transformation milestones and timelines are achieved
  • Engages key executive, senior and mid-level stakeholders to understand their business and functional needs while effectively communicating the needs of the Global Enterprise to the Business Unit leaders in a manner that fosters mutual interests

Operations Management:

  • Selects, monitors, and manages performance metrics that measure the Procurement organization's performance across financial, operational, and organizational metrics.
  • Benchmark's Assurant's performance against the performance of other procurement departments across multiple industries
  • Responsible for the selection, roll-out and ongoing management of procurement systems while ensuring they can integrate with existing Assurant financial and reporting tools
  • Build and lead procurement staff; locally, remotely and across the globe including the potential of outsourced relationships
  • Creating a talent management process in coordination with HR to ensure that the appropriate resources are recruited and put in place as the procurement department grows and matures to a best in class team
  • Manage the skills and competency development of procurement staff, including training development and knowledge management capabilities
  • Promotes strong compliance to ethical standards across the Procurement organization's team members

Relationship Management:

  • Leads the development of collaborative relationships with strategic and critical suppliers
  • Builds collaborative relationships with C-Level personnel, department heads and key contract users throughout the Global Enterprise and must be able to understand their business needs, goals and objectives both current and future state to develop a spend strategy to help enable the attainment of their goals/objectives

Financial Management / Value Realization

  • Identification and realization of significant cost-savings opportunities and/or opportunities to create value across our network of suppliers
  • Budget management for > $1 Billion in spend pertaining to categories under management along with budget management of procurement staff

Basic Qualifications:

  • Master's degree in business or related field of study
  • At least ten years of experience in strategic sourcing or category management
  • At least six years of management experience
  • Knowledge of financial accounting, contract management, and supplier management concepts
  • Experience performing procurement-related economic and financial analyses
  • Process improvement experience, including familiarity with BPI and Lean concepts and tools

Preferred Qualifications:

  • Budget and Finance
  • Strategic Planning
  • Strong Leadership Skills
  • An analytical mind capable of taking on the toughest organizational challenges
  • An ability to drive results through influence of other executives
  • Team player at executive levels to collaborate with business units and functional partners like IT, finance, HR, legal, etc.
  • Industry knowledge in terms of broad industry dynamics on the buy-side (and the sell-side)
  • Excellent communication skills and even better listening skills that allows the CPO to get the “voice of the internal customer” and to understand the comp any culture and how to best communicate procurement's value to Assurant
  • Ability to “sell” procurement's value and to run procurement as a services business like any other well run professional services organization
  • In-depth knowledge of sourcing and procurement principles and best practices
  • Strong negotiation skills
  • Experience with modern sourcing & procurement systems/tools
  • Familiarity with relevant legislative and regulatory requirements across Assurant's global footprint, as well as understanding of standard contractual terms and conditions to mitigate legal risk
  • Business Process Analysis
  • Customer Relationship Management
  • Ethics
  • Executive Presence
  • Issue Resolution / Problem Solving
  • People, Performance and Project Management
  • Procurement Process and best practices knowledge
  • Knowledge of enterprise risk management and business continuity planning
  • Change management skills and self-awareness to take varying approaches with a dynamic set of stakeholders