Director of Procurement

5 days ago

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Root Inc.

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Car Insurance • Mobile App • Technology • Automotive Telematics • Insurance

1001 - 5000

Description

• Oversee daily procurement activities to ensure efficiency and effectiveness while maintaining quality and compliance in existing processes. • Design and implement innovative sourcing strategies that leverage market insights, supplier capabilities, and organizational goals to optimize costs and quality. • Streamline and enhance the procure-to-pay process, ensuring that systems and workflows are efficient, transparent, and aligned with best practices. • Work closely with finance, operations, and other departments to ensure procurement strategies align with overall business objectives and enhance organizational effectiveness. • Understand key priorities by listening to internal customers and proactively create value through appropriate sourcing events (RFP/RFI) while ensuring alignment with strategic objectives. • Lead, mentor, and develop the procurement team, fostering a culture of strategic thinking, collaboration, and continuous improvement. • Develop tools and processes to evaluate and monitor third-party risk. • Partner with business units to manage and optimize vendor contract pricing and relationships. • Build upon our current database of vendor information containing key contract terms for utilization across the company. • Drive continuous innovation and improvement in procurement programs. • Develop and track key performance indicators (KPIs) to measure the success of procurement initiatives and identify areas for improvement. • Perform other duties as assigned.

Requirements

• 8+ years of related experience. • Experience with Procurement and Supplier transactions with SaaS, software, Infrastructure, IT, Marketing suppliers and/or working in Tech industry in the Procurement function. • Ability to manage and foster a cross-departmental relationships that includes procurement, FP&A, and accounts payable to ensure timely resolution of items in the procure-to-pay process. • Serve as the subject matter expert and drive efficient vendor management processes and systems. • Strong analytical experience and proficiency in excel and ability to bring intellectual leadership to problem solving; synthesize insights from analysis and ensure credible, actionable recommendations. • Ability to transform a procurement function from transactional to strategic, driving continuous improvements to process, policy and building the right metrics while effectively serving our business partners. • Experience implementing Contract Management Systems and deep knowledge of the entire Source to Pay process. • Bachelor’s degree with analytical focus and/or procurement, supply chain, program management and/or relevant certifications.