Senior Procurement Strategist

Location:

4900 Tiedeman Road - Brooklyn, Ohio 44144-2302

The Senior Procurement Strategist is an individual contributor role reporting to a category or support function manager within Key’s Corporate Procurement group.  This position acts as a strategic and collaborative partner to assigned line of business (LOB) by developing and implementing procurement strategies that drive cost savings, meet business needs and optimize Key’s spend in that category.  Responsibilities include: defining and “owning” the procurement strategy for assigned area, establishing and growing critical relationships with business partners both internal and external to Corporate Procurement and Key, conducting vendor negotiations and ensuring proper administration and execution of contracts and mitigating risk through adherence to and monitoring of established performance metrics, defined internal processes and management routines.  Success criteria include: proven track record of solid relationship-building and effective collaboration, demonstrated leadership and ability to influence, demonstrated ability to analyze intricate, complex data, deep procurement expertise and business acumen, ability to manage multiple projects in fast-paced environment and reputation as an accessible, approachable and responsive team member.

ESSENTIAL JOB FUNCTIONS

Develop, implement and “own” procurement strategies for assigned areas that drive cost savings, meet business needs and optimize Key’s spend in that category

• Provide innovative and strategic sourcing strategies for multi-faceted, complex category (i.e., various pricing mechanisms) that support the needs of the business and contribute to Procurement’s overall savings target
• Know the business/area assigned; stays up to date on relevant changes, trends, etc.
• Recommend strategies that support achievement of Supplier spend initiatives
• Act as primary point of contact for Procurement with senior management of assigned LOB/assigned area; understand their spend, identify solutions, etc.
• Conduct and/or oversee business-as-usual (BAU) work related to assigned engagements
• Keep abreast of best-practices in the industry; makes recommendation for adoption by Key
• Identifies opportunities for continuous improvement across procurement practices
• Savings targets are achieved; execution of Procurement strategies that impact Key’s bottom line
• Strategist is viewed by LOB as knowledgeable member of the team
• Supplier spend targets are realized
• BAU activity is completed in a thorough and timely fashion

Develop strategic and collaborative relationships

• Maintain and grow relationships with both internal and external business partners: LOB/assigned area, Finance, TPM, Vendors, etc. with a keen focus on client satisfaction
• Regularly interact with senior/executive LOB leaders; attend department meetings, etc.; earn a “seat at the table”
• Develop and maintain strong collaborative relationships with Category Managers, Strategists and Analysts within and outside assigned functional area
• Demonstrate strong ability to partner with Procurement Support teams including: Legal, Solutions, Third-Party Risk Management, etc.
• Act as team player open to participating on project teams and supporting other areas of the business as needed
• LOB views Strategist as a true partner; seeks out advice and support
• Internal client satisfaction remains high; targets are achieved
• Strategist has collegial and professional relationships across all functions within Corporate Procurement

Conduct vendor negotiations and oversee administration of contracts with a focus on risk mitigation for Key

• Manage the contract execution process, involving, Legal, Risk, Procurement Operations and other partners as needed
• Monitor and manage contract renewal and expiration to ensure sufficient time for renegotiation, termination, etc.
• Adhere to internal policies and processes; identify and escalate material issues in a timely manner
• Vendor negotiation process runs smoothly
• Partnerships with Key and external vendors remain strong
• Risk to Key is mitigated and reduced

REQUIRED QUALIFICATIONS

• Bachelor’s Degree or equivalent experience; Minimum of 7 years of relevant, professional experience
• Proven relationship-building skills working with senior to executive level management and cross-functional teams; excellent interpersonal skills
• Strong written and oral communication ability; confident presentation skills
• Advanced organizational and project management skills
• Demonstrated strong client focus; is efficient and delivers in a timely manner
• Analytic skills and strong