Procurement Sourcing Category Strategist
Regions Bank
full-time
Posted on:
Location Type: Office
Location: Birmingham • Alabama, Florida, North Carolina, Tennessee • 🇺🇸 United States
Visit company websiteSalary
💰 $103,523 - $141,170 per year
Job Level
SeniorLead
About the role
- Provides day-to-day management of larger, more complex sourcing initiatives within a cross functional team
- Leads certain expense reduction efforts and associated vendor related engagements
- Interacts daily with senior and executive level associates within business units
- Utilizes strategic sourcing approach to determine and prepare request for proposals (RFP)/competitive bid requirements
- Solicits responses, analyzes responses, prepares recommendation and negotiates contracts to enhance efficiencies and reduce costs
- Executes the bank’s competitive bidding process and leads strategic sourcing activities for assigned areas
- Develops cross-functional teams and business objectives
- Identifies bidding suppliers, sets up the RFP in the bank’s P2P system, executes the RFP/competitive bid with suppliers
- Works with business stakeholders to develop recommendations
- Partners with key stakeholders and senior leaders to identify expense reduction opportunities
- Analyzes market industry conditions and develops plans to procure goods not related to information technology vendors
- Communicates corporate procurement standards to vendors and business partners
- Completes and executes RFPs and/or contracts that meet the company’s business and legal requirements
- Offers advice and guidance to junior consultants
- May serve as team lead or supervise entry level procurement consultants
- May partner with Procurement Strategic Sourcing Technology Consultant on projects
Requirements
- Bachelor’s degree in Business, Supply Chain/Engineering, Procurement, or related field and seven (7) years of experience in procurement or related field
- Or High School Diploma or GED and eleven (11) years of experience in procurement or related field
- Professional certification in Supply Chain, Procurement, or related field (preferred)
- Master of Business Administration (MBA) or related degree (preferred)
- Ability to lead associates to desired outcomes through influence and buy-in
- Ability to learn additional systems as needed
- Ability to research, analyze data, and derive facts
- Ability to work in a team environment when applicable
- Ability to work under pressure and meet deadlines
- Demonstrated ability to execute RFPs and/or competitive bids
- Demonstrated ability to negotiate with suppliers and internal customers to maximize value, ensure standardization, successfully resolve disputes, and drive optimal outcomes
- Demonstrated negotiation skills
- Developed relationship-building skills
- Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
- Strong verbal, written communication, and organizational skills
- Strong work ethic and self-motivation
- Preferred Procurement experience in Corporate / Consumer Banking, Wealth Management, Treasury Management, Enterprise Payments, Wealth Management.
Benefits
- Paid Vacation/Sick Time
- 401K with Company Match
- Medical, Dental and Vision Benefits
- Disability Benefits
- Health Savings Account
- Flexible Spending Account
- Life Insurance
- Parental Leave
- Employee Assistance Program
- Associate Volunteer Program
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
strategic sourcingrequest for proposals (RFP)competitive biddingcontract negotiationdata analysisprocurementexpense reductionvendor managementmarket analysissupply chain management
Soft skills
leadershipinfluenceteam collaborationcommunicationorganizational skillsrelationship buildingnegotiationproblem-solvingself-motivationwork ethic
Certifications
Professional certification in Supply ChainProfessional certification in ProcurementMaster of Business Administration (MBA)