Procurement Manager

The Role

We are seeking a highly qualified Procurement Manager to join our Accounting Function, working from our New York office. This individual will be responsible for embarking on a transformation to build out a Strategic Sourcing / Procurement function. This role will drive the strategic transformation from the decentralized fragmented model, to a fully integrated Sourcing / Procurement and Vendor Management organization. This position reporting into the Head of Management Company Accounting, will working closely to develop a best in class high performance procurement organization that will drive significant savings, reduce risk, create operational efficiencies and better enable revenue growth.  The successful candidate will be a visionary procurement leader and change agent with strong operational capabilities. 

What you’ll do 

• Develop the procurement strategy and transformation roadmap; gain consensus from leadership and key stakeholders.
• Develop strategies that drive cost efficiencies and reductions
• Revamp company-wide policies and operating procedures
• Lead the organization through change, drive company-wide adoption of sourcing best practices and controls
• Help with Workday implementation and setting up best practices
• Develop strategic governance and supplier management framework for managing key supplier relationships and escalations
• Ensure processes such as competitive bidding, cost benchmarking, vendor identification and comprehensive contracting discipline are instituted
• Establish process to track procurement activity / monitor savings of procurement initiatives and conduct quarterly procurement reviews with business and functional leads.
• Establish and run a robust supplier management process across the procurement lifecycle and actively address under-performance
• Work with business to identify, assess, qualify, and develop new suppliers needed for new product and service introductions
• Manage the performance of Suppliers to drive alignment with company’s goals and strategies
• Develop and lead a high performance team that is viewed as adding value to the business and the firm
• Create templates to ensure consistency in sourcing processes and communications
• Partner with leaders across the organization on strategies that directly impact the company’s cost reduction efforts. Build credibility with internal stakeholders and external suppliers

What you’ll bring
What you need:

• Preferably educated to degree level, ideally but not essentially, with CIPS qualification
• 6-10 years of relevant work experience
• Experience leading procurement and strategic sourcing and vendor risk teams
• Extensive experience managing a procurement portfolio across various categories
• Understanding of key regulatory obligations related to Outsourcing and third-party risk management
• Thorough knowledge of best in class sourcing, procurement, vendor management and automated payment solutions
• Experience overseeing the selection and implementation of ERP Systems for all categories of spend
• Strategic agility, visionary leader who can also roll up their sleeves and dig deep into the details

We’d love if you had:

• Buyside experience
• MS Office Skills
• Strong executive-level communication/presentation skills
• Impeccable attention to detail and excellent problem solving and analytical skills
• Strategic thinker with strong implementation ability

Who we are  
Schonfeld Strategic Advisors is a global multi-strategy, multi-manager investment platform that harnesses the transformative power of people to perform in all market environments. Our dynamic culture inspires better outcomes for our team, our investors, and our partners. We aim to consistently deliver risk-adjusted returns, with people driving performance.

We specialize in four core strategies: Quantitative Trading, Fundamental Equity, Tactical Trading, and Discretionary Macro & Fixed Income. We capitalize on inefficiencies and opportunities within the markets, drawing from a significant investment in proprietary technology, infrastructure, and risk analytics.

We invest through internal portfolio managers and external partner funds, pursuing alignment among investors, investment professionals, and the firm. Our footprint spans 7 countries and 19 offices.

Our Culture
Talent is our strategy. We believe our success is because of our people, so putting our talent above all else is our top priority. We are teamwork-oriented, collaborative, and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning & educational offerings and opportunities to make an impact.

We foster a sense of belonging among all of our employees with Diversity, Equity and Inclusion at the forefront of this mission. Our employees value diversity across identity, thought, people and perspective which serves as the foundation of our culture. As a firm, we are committed to creating a hiring process that is fair, welcoming and supportive.

The base pay for this role is expected to be between $150,000.00 and $200,000.00. The expected base pay range is based on information at the time this post was generated. This role may also be eligible for other forms of compensation such as a performance bonus and a competitive benefits package. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications, and experience.

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