Procurement Manager

This is a fully remote position, open to applicants in Minnesota.

📋 Description

• Oversee sourcing and procurement activities for a diverse array of goods and services, managing the process from identifying business needs to supplier selection, negotiation, contracting, and implementation.

• Formulate sourcing strategies informed by business requirements, supplier landscapes, spending habits, competitive dynamics, incumbent performance, and opportunities for value creation.

• Facilitate RFIs, RFPs, RFQs, supplier assessments, bid analysis, and negotiations.

• Negotiate supplier pricing, fee structures, service agreements, renewal terms, price protection clauses, termination rights, and other commercial terms.

• Assess supplier proposals and contract economics through both quantitative and qualitative analysis.

• Prepare recommendations and business cases to support supplier and purchasing decisions.

• Collaborate with Legal and business stakeholders throughout contract negotiations.

• Manage supplier renewals while identifying opportunities for cost reduction, consolidation, service adjustments, and market testing.

• Cultivate strong supplier relationships while upholding commercial accountability.

• Enhance purchasing processes, minimize unnecessary expenditures, and improve procurement efficiency.

• Assist with purchase orders, contract processes, procurement systems, policies, and controls.

• Analyze procurement and spending data to identify trends, opportunities, and risks.

• Present financial analyses, sourcing recommendations, supplier comparisons, and procurement updates to management.

• Simultaneously manage multiple sourcing, contracting, and supplier initiatives.

• Oversee the daily administration of the corporate insurance program.

• Coordinate annual insurance renewals and create renewal decision documentation.

• Maintain documentation regarding policies, coverage limits, premiums, deductibles, renewals, certificates, and other relevant materials.

• Manage requests for certificates of insurance and evidence of coverage.

• Analyze contractual insurance requirements and pinpoint potential coverage gaps.

• Assist with claims administration and communication with stakeholders.

• Review costs associated with the insurance program and alternatives.

• Serve as an internal contact for routine inquiries regarding insurance.

• Develop and refine procurement policies, procedures, templates, reporting, and operational practices.

• Foster relationships across Finance, Legal, IT, Human Resources, Marketing, Operations, and other departments.

• Provide guidance to business partners regarding assumptions, alternatives, and sound commercial decisions.

• Stay informed about developments in procurement, supplier markets, commercial practices, insurance, and risk management.

• Lead or assist in special projects and cross-functional initiatives.

⛳️ Requirements

• Minimum of 5 years of progressive experience in procurement, strategic sourcing, supplier management, or related commercial fields.

• Proven ability to independently lead complex supplier negotiations and sourcing initiatives.

• Extensive procurement experience across various spending categories, supplier types, and business functions.

• Competence in independently managing the complete procurement lifecycle.

• Strong sourcing and negotiation skills with proven measurable commercial results.

• Excellent commercial judgment.

• Superior analytical and quantitative abilities.

• Exceptional written and verbal communication skills.

• Ability to influence stakeholders and establish credibility with senior leadership.

• Strong project management and organizational capabilities.

• Familiarity with procurement, contract lifecycle management, ERP, and related business systems.

• Experience with Coupa or similar source-to-pay platforms is preferred.

• Advanced proficiency in Microsoft Excel.

• Proficiency in PowerPoint and other standard business applications.

• Experience in corporate insurance, risk management, or insurance brokerage coordination is preferred but not mandatory.

• Bachelor’s degree from an accredited institution or a comparable combination of education and relevant professional experience.

• Willingness to travel occasionally based on business needs.

• Capability to meet critical thinking, problem-solving, and communication demands.

• Ability to work beyond 40 hours per week when necessary for business needs.

• Proficient in accessing information using a computer.

🏝️ Benefits

• Medical, dental, vision, life, and disability insurance plans.

• Well-being incentives.

• Parental leave.

• Paid time off.

• Designated paid holidays.

• Tax-saving accounts (FSA, HSA).

• 401(k) retirement plan.

• Employee Stock Purchase Plan.

• Tuition assistance.

• Discounts on entertainment and retail.

• Overtime pay for eligible non-exempt employees.

• Reasonable accommodations in compliance with ADA policies.