Position : Category Manager – Financial Services

Location : Research Triangle Park, NC

Duration : 12 Months

Total Hours/week : 40.00

1^st Shift

Client: Medical Devices Company

Employment Type: Contract on W2 (Need US Citizens Or GC Holders Only)

Job Description:

• The Category Manager – Financial Services develops and maintains leading edge global sourcing strategy and appropriate supply base with clear spend governance for assigned Finance related categories, taking into account regional and local needs.
• Significant experience with Supply Chain Financing at a global level with implementation and training category managers.
• Categories and associated firms are typically global in nature and represent significant risk to multiple businesses.
• Understanding of various regional and global payment solutions and how they can help drive cash preservation.
• The Category Manager works in close alignment and collaboration with business, functional and regional stakeholders for the assigned categories to understand their needs and requirements.
• The Global Category Manager is also responsible for key strategic supplier management including risk, performance, relationship, and supplier development.

• Responsible for leading global category teams in the development, communication and approval of sourcing strategies.
• Sourcing strategies should be inclusive of all regional business requirements and reflective of all regional supply market conditions and supply practices.
• Accountable for communication and approval of sourcing strategies globally, and for appropriate handoff to regional sourcing associates for regional supplier selection and / or implementation associates for strategy implementation.
• Responsible for insuring that category strategy(ies) result in and generate three to five year roadmaps of savings and value streams, and where appropriate, innovation opportunities
• Continually sensing of internal customers and supply markets for changes that may impact the sourcing strategy.
• Accountable for year-on-year financial impacts to assigned category(ies) with respect to price movement
• Manages relevant internal audits to ensure actions are completed as needed from Procurement; collaborates with other functions as needed on audit actions.
• Responsible for application of the source to pay process, inclusive of customer-centric support content and preferred payment methods, as part of sourcing strategies
• Is accountable for developing and maintaining risk mitigation plans inclusive of compliance for designated suppliers within assigned category(ies) with businesses or functions
• Is responsible for optimal supply base compliance for assigned supply base including compliance to corporate procedures and to support of all legislation driven and socially responsible reporting requirements.
• May engage in peer coaching and mentoring for regional strategic sourcing and implementation associates

Degree of Accountability:

• Where applicable for the category(ies), and through the management of risk mitigation plans, drives cross functional team progress towards risk retirement.
• Responsible for global category team effectiveness.

Financial Impact:

• Establishes and maintains long term cooperative relationships (through supplier relationship management) with key suppliers/firms and ensures that all suppliers are treated in a professional, ethical and fair manner.

Quality Impact:

• Responsible for including in strategy development the consideration of, and where relevant implementing all relevant aspects of the source-to-pay process in sourcing strategies for assigned category (ies) globally.
• Responsible for global category team coordination.

Cost Impact:

• Maintains relationships with business, functional and regional stakeholders for the assigned category(ies). Influences the respective budgets through communications and consensus on strategies, projects and processes.

Budget Responsibility:

• Responsible for global category team results and delivery against functional goals. Improves client financial position through cost savings, non-price value opportunities and price movement / inflation management and appropriate standard costs.

Qualifications – External

Requirements:

• Bachelor's degree in a related field
• Minimum five years of related work experience, including category strategy development and execution
• Experience with Supply Chain Financing and payment solutions for Source to Pay

• Stakeholder Engagement and Management
• Strategic sourcing process
• Supplier management
• Negotiation
• Cost management practices
• Supply market knowledge
• Supply market research and analysis
• Ability to influence without direct authority
• Written and verbal communication skills
• Problem solving skills
• Drive for results

Preferences:

• MBA or equivalent degree
• Procurement or related certifications (CPSM, CPIM, PMP) nice to have
• Financial Category experience
• Lean
• Process Effectiveness
• Product Development Process
• Project Management
• Regulatory Systems and Compliance including quality concerns