Sourcing Category Manager

Location Designation: Hybrid

When you join New York Life, you're joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You'll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

This Category Manager's key responsibilities are to lead the planning and development of over-arching category strategies and support the execution of these strategies. Categories in-scope for this role include all labor services - professional services, IT services, management consulting, outsourced services and third party administration services. In addition to recommending appropriate procurement strategies and methodologies, the Category Manager supports the sourcing, negotiating, and contracting of goods and services.

The Category Manager is expected to effectively collaborate with all Relationship Managers to provide coordinated and consistent customer service. The Category Manager will also be expected to effectively interact with senior business partners and other relevant stakeholders including risk and legal to ensure proper risk mitigation and alignment with business objectives.

Responsibilities

• Articulate, influence and translate external market trends, along with internal business priorities, to develop category insights aligned with NYL objectives.
• Develop short and long term strategies and oversee execution of such strategies that leverage economies of scale and scope across the organization.
• Understand overall spend and suppliers, as well as key clients, reporting structures and relationships within NYL and be accountable for the procurement goals and initiatives.
• Work directly with Procurement Relationship Managers and stakeholders to develop a project pipeline and prioritization schedule.
• Assist in the creation and communication of savings targets and programs based on knowledge of overall category and business unit strategy and support savings execution.
• Ensure senior level management understands the outcomes of proposed actions and manage the implementation of sourcing and contract initiatives, including the transparency of sourcing initiatives and related savings.
• Accountable for managing large strategic procurement initiatives and/or programs.
• Assist with decision making on vendor selection in concert with the requirements as well as prioritize the category's projects and transactions.
• Work with the appropriate SME to translate commercial negotiations into contract documents.

Qualifications

• Bachelor's Degree in Business or related field of study is preferred.
• High level of category management expertise, including articulating market trends, pricing drivers, supplier capabilities and delivery channels.
• Ability to build and maintain credibility as an expert within a specific category with key stakeholders.
• Ability to design, plan, and manage projects to deliver value-added solutions within defined time and cost parameters.
• High level understanding of relevant procurement processes within the professional services category is required including strategic sourcing, category management, competitive bidding (RFx, reverse auction), contract management, purchasing, etc.; must have strong expertise in legal terms and condition.
• Knowledge and experience in the insurance industry is preferred; candidate should have a broad understanding of sourcing and category trends and their commercial application and strong project management skills.
• Strong negotiator and influencer skills; demonstrates the ability to work effectively and collaboratively with others in a team environment.
• Demonstrates the ability to analyze problems, identify and consider potential solutions, and make timely recommendations.
• Strong ability to influence and build consensus among members of the organization, communicates clearly and adapts style to suit audience requirements; ability to listen, interpret and present information effectively.

Salary range: $90,000-$135,000

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.

Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses "Be Good At Life." To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

Job Requisition ID: 88898

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