Director of Spend Management

Job Description

At Enact, we understand that there’s no place like home. That’s why we bring our deep expertise, insightful offerings, and extra mile service to work every day to help lenders put more people in homes and keep them there.

We’re looking for a Director of Spend Management in Raleigh, NC to join us in fulfilling our mission, while utilizing our values of excellence, improvement, and connection. In a newly created role, you will be an integral part of the Enact Financial Operations team, reporting to the VP, Financial Operations. You will lead a team to analyze and guide the operating expense process for Enact along with managing and owning the strategic sourcing organization. 

You will drive sourcing and spend optimization strategies that align with organizational goals, strengthen client partnerships, and maximize the effectiveness of Enact’s sourcing & expense organization. You will collaborate with stakeholders to implement strategies and ensure alignment with the Spend Management philosophies.

This high visibility role plays an integral part in the strategic and financial planning and analysis operations for Enact and interfaces with leaders throughout the organization across every function.

 

POSITION TITLE

Director of Spend Management
 

LOCATION
Enact Headquarters, Raleigh, NC – Hybrid Schedule

YOUR ROLE

In this newly created role, the Director of Spend Management, you be a part an integral part of the Enact Financial Operations team, reporting to the VP of Financial Operations. You will lead a team to analyze and guide the operating expense process for the Enact company along with managing and owning the strategic sourcing organization.

You will drive sourcing and spend optimization strategies that align with organizational goals, strengthen client partnerships, and maximize the effectiveness of Enact’s sourcing & expense organization. You will collaborate with stakeholders to implement strategies and ensure alignment with the Spend Management philosophies.

This high visibility role plays an integral part in the strategic and financial planning and analysis for Enact and interfaces with leaders throughout the organization across every single function.

YOUR RESPONSIBILITIES

• Lead the optimization of Enact’s processes and tools for tracking, analyzing, and controlling expenses

• Set expense policies, streamline procedures, and ensure compliance with company guidelines while coordinating across all Enact functions and parent company

• Lead and develop a team to analyze spending patterns, identify areas for cost reduction, and track performance vs plan

• Develop and implement multi-year and rolling forecast processes for expenses

• Recommend annual budget targets and communicate with leadership the impacts to multi-year projections

• Lead the allocation of costs across companies, products, and business activities while streamlining process and implementing automation

• Lead strategic sourcing by maximizing effectiveness of all vendor relationships

• Support team in driving compliance in vendor selection process

• Drive team to measure and increase supplier efficiency while benchmarking results

• Support team to ensure expert vendor management across Enact

• Provide leadership around the sourcing and supplier selection process including vendor relationship management, measuring vendor efficacy, and ensuring contract terms and conditions are met or exceeded

YOUR QUALIFICATIONS

• 10+ years of finance experience, including in expense management

• BS degree in a finance related field, advanced degree preferred

• Excellent communication skills, both written and verbal, ideally with experience presenting at the executive level

• Expert in Excel and Microsoft office, experience or exposure to AI and RPA, experience with best-in-class cost management systems (Anaplan, OneStream, etc.)

• Experience with IT spend management philosophy and software helpful

• Inquisitive nature and willingness to challenge the status quo

• Proven interpersonal and communication skills with the ability to build and maintain relationships at all levels of the organization

COMPANY
Enact Holdings, Inc. (Nasdaq: ACT), operating primarily through its wholly owned subsidiaries, is a leading publicly traded U.S. private mortgage insurance provider, offering borrower-centric products that