Senior Procurement Manager

Summary

Join NEXT Insurance as a Procurement Manager and lead the strategic development and implementation of procurement strategies. You will oversee contract management, supplier relationships, and day-to-day procurement operations. This role requires a Bachelor's degree, 8-10 years of experience, and proficiency in procurement software. You will be responsible for budget management, financial oversight, and ensuring compliance with relevant standards. NEXT offers a competitive salary, equity incentive program, and a comprehensive benefits package including health, vision, dental, life insurance, disability insurance, 401k, flexible PTO, and parental leave.

Requirements

• Bachelor’s degree in Business Administration, Legal, Supply Chain Management, Finance or related field
• Minimum of 8–10 years of procurement experience
• Demonstrated success in developing and implementing procurement strategies
• Strong experience in contract negotiation and supplier relationship management
• Proficient with procurement software and tools (Sudozi, Coupa, SAP Ariba, etc)
• Proficient with Contract Management tools (Ironclad, DocuSign CLM)
• Strong analytical skills with the ability to interpret and act on data insights
• Knowledge of sourcing practices and supplier management principles
• Excellent communication and interpersonal skills, with the ability to influence stakeholders at all levels
• Strong decision-making and problem-solving abilities under pressure
• High degree of integrity and commitment to ethical procurement practices
• Ability to adapt to changing business environments and priorities
• Results-driven, with a focus on continuous improvement

Responsibilities

• Lead the review, negotiation, and finalization of complex procurement contracts to ensure alignment with company objectives, legal standards, and risk management strategies
• Develop and implement comprehensive procurement strategies aligned with business objectives
• Identify cost-saving opportunities and implement strategies to optimize spending
• Manage risk and compliance with procurement policies, regulations, and standards
• Assist in the implementation and optimization of procurement software systems and integration with existing ERP systems
• Oversee the selection, customization, testing, and deployment process
• Build and maintain strong relationships with key suppliers and stakeholders
• Negotiate contracts to achieve favorable terms and conditions for the organization
• Monitor supplier performance to ensure quality, timeliness, and adherence to agreements
• Oversee day-to-day procurement activities, ensuring efficient and timely operations
• Utilize data analytics to monitor procurement performance and identify improvement areas
• Ensure proper documentation and maintenance of procurement records
• Develop and manage the procurement budget
• Analyze financial data to ensure procurement activities align with cost-saving objectives
• Provide regular reports to senior management on procurement performance and expenditures
• Work with the Director of Revenue Accounting to ensure compliance with Revenue Recognition accounting standards

Preferred Qualifications

• MBA or equivalent
• Professional certifications such as Certified Professional in Supply Management (CPSM) or Chartered Institute of Procurement & Supply (CIPS)

Benefits

• Partially subsidized medical plan
• Fully subsidized vision/dental options
• Life insurance
• Disability insurance
• 401(k)
• Flexible paid time off
• Parental leave
• Equity incentive program