Category Manager, Director MA
Company: MassMutual
Location: Springfield
Posted on: April 24, 2024
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Job Description:
Category Manager, Director
Procurement
Full-Time
Boston, MA or Springfield, MA
5 open positions:
1- HR & Law,
1- Brand, Product & Affiliated Distribution, Third Party and New
Markets
2 - ETX (Enterprise Technology & Experience) & Operations
1 - Investment Management, Enterprise Risk, Institutional and
CFO
The Opportunity
On the MassMutual Procurement team, we have a goal to enable
MassMutual's mission and vision by providing the right supplier
solution at the right time. Our mission is to streamline the
procurement process, align supplier partners to meet business needs
and continuously increase the value provided to our policyholders.
MassMutual is hiring experienced business professionals with
substantial team-leadership experience in procurement, specifically
Category Management. This role will lead a team of procurement
professionals to support the initiatives of the assigned
categories.
The Team
The team is comprised of seasoned, collaborative professionals with
experience in procurement, category management, supplier
management, and sourcing. The broader procurement team in a rapidly
developing and growing group of procurement professionals who are
excited about maturing procurement at MassMutual.
The Impact
Responsible for the management of Category teams (5-8) comprised of
experienced Category Managers and Procurement Consultants.
Team may engage in high dollar value deals (in excess of $1 million
dollars), organizational M&A activity and high-level
escalations. Team is also responsible for a wide range of
portfolios.
Responsible for setting goals and objectives for team, providing
guidance and support and communicating job expectations.
Leads Procurement work across assigned areas and supports the Head
of Category Management.
Execute complex category and supplier strategies aligned with
business goals and budgetary targets.
Drive key sourcing events and negotiations, leveraging the full
suite of sourcing capabilities.
Work with stakeholders to execute against the corporate strategy,
providing key insight into 3rd party capabilities, and help align
on company-wide supplier management strategies and industry
trends.
Work with sourcing professionals to set category baseline, conduct
market analysis, RFIs, RFPs, etc.
Act as liaison with stakeholders for specific category escalations
including being accountable for category prioritization and
pipeline management including serving as the supplier relationship
champion and expert of strategic supplier relationships.
Work hand in hand with business customers to understand
requirements, requests and feedback on vendors to support
selection.
Handles complex long-term focused projects involving multiple
disciplines or business units.
Partner with Procurement and stakeholders to develop and execute
supplier negotiations strategies to achieve the best value and
least risk for the organization.
Guide Procurement in preparation for and facilitating of contract
negotiations and oversee the overall contracting process from a
supplier experience and quality standpoint.
Lead supplier onboarding and offboarding activities, including, but
not limited to, coordinating supplier training, granting system
access and ensuring that the supplier is familiar with main
contacts.
Ensures that services and products meet the strategic needs of
stakeholders. Participates in the negotiation process of SLA
agreements and ensures that contractual obligations are met.
Pursues new supplier relationships, when necessary, seeks to
achieve the most profitable service from suppliers. May initiate
contract changes when required.
Strengthen the process structure for Category management by
improving standards and partnering with other Procurement functions
to develop best practices.
Mentor and/or direct less experienced managers or employees.
Responsible for Procurement processes not limited to
Product/Service Sourcing, Supplier Selection, Pricing/Terms
Negotiation, Order Processing, Contract Administration, Supplier
Performance Management, and Strategic Sourcing.
Bring category subject matter expertise to optimize license
structure across key 3rd party relationships, facilitating business
growth while ensuring effective cost management.
Determine and lead appropriate supplier specific ongoing monitoring
plan (operational business review meetings, executive oversight
meetings, issue management reviews, performance monitoring,
contract management reviews, risk management reviews etc.)
Lead investigations on all supplier issues by working with relevant
internal stakeholders and help the supplier to resolve issues
efficiently. Loop in appropriate MassMutual teams if risk profile
or contract updates become necessary.
The Minimum Qualifications
Bachelor's Degree preferably in Finance, Supply Chain or related
field
8+ years procurement and/or sourcing experience
5+ years people management experience or commensurate leadership
experience
2+ years leading a Procurement team and/or function in financial
services or similar industry/environment.
4+ years of Executive-level communication and presentation skills
as well as listening skills enabling the stakeholders to align with
our procurement best practices.
The Ideal Qualifications
Strong financial acumen and understanding of how effective category
management relates to company results.
Strong influence skills to encourage leaders from across MassMutual
towards positive supplier relationships and results delivery.
Experience creating and leading category strategy.
Possesses a strong understanding and prior working experience in
supplier management activities including performance management
(SLAs, KPIs etc.), relationship management, contracting and risk
management.
Experience negotiating agreements and managing complex vendor /
client relationships.
What to Expect as Part of MassMutual and the Procurement Team:
The desire to drive change and improvement in the procurement
function supporting our mission to be a leading procurement
organization
Focused one-on-one meetings with your manager
Access to mentorship opportunities
Networking opportunities including access to Asian,
Hispanic/Latinx, African American, women, LGBTQ, veteran and
disability-focused Business Resource Groups
Access to learning content on Degreed and other informational
platforms
Your ethics and integrity will be valued by a company with a strong
and stable ethical business with industry leading pay and
benefits
#LI-MC1
MassMutual is an Equal Employment Opportunity employer
Minority/Female/Sexual Orientation/Gender Identity/Individual with
Disability/Protected Veteran. We welcome all persons to apply.
Note: Veterans are welcome to apply, regardless of their discharge
status.
If you need an accommodation to complete the application process,
please contact us and share the specifics of the assistance you
need.
Keywords: MassMutual, Springfield , Category Manager, Director MA, Executive , Springfield, Massachusetts
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