Senior Procurement Relationship Manager

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

U.S. Bank is seeking a dynamic Senior Procurement Relationship Manager with expertise in commercial contractual negotiations and contribute toward the interconnectedness of our business lines and enterprise. Responsible for leading teams including Procurement, Contract Analysts, Finance and Business Line representatives. Coordinates multiple business lines participation on shared projects. Identifies opportunities and develops new internal customer relationships. Provides procurement advice to customers. Incorporates appropriate procurement processes and services to internal customers.

Regularly interacts with business line leaders and subject matter experts providing recommendations and incorporating original thought and credible challenge. Support Business Lines with their vendor negotiations with existing or new smaller vendor relationships. Periodic work focused on identifying and assisting in the deliverance of cost savings, pricing negotiations, consolidation opportunities, demand management, etc.
 
Additional Responsibilities:

• Negotiates to optimize client’s budget and other financial responsibilities

• Performs sourcing and planning

• Reviews business standards for vendor performance

• Coordinates activities related to anticipating, negotiating, and executing the managed contracts

• Assists with contractual negotiation activities to ensure quality and compliance with contract procedures and standards

• Collaborates with business line clients to establish plans, standards, and procedures that will add value to strategic vendor relationships and mitigates any risks to the company

Basic Qualifications

• Bachelor's degree, or equivalent work experience

• Five to eight years of experience in procurement contract activities

Preferred Skills/Experience

• Thorough knowledge of purchasing leading practices, procurement, and contract negotiation and administration.

• Ability to manage relationships with large, strategic vendors.

• Strong critical thinking and analytical skills.

• Effective communication with individuals and senior executives inside and outside the organization.

• Excellent verbal and written communication skills.

• Strong analytical and problem-solving skills.

• Strong sales and collaborative team-building skills

Tag: INDMO

*This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and o