Minimum of 3-5 years of experience in strategic sourcing and contracting.
Experience leading programs and/or projects in high impact and complex environments driven by strict timelines and mandates.
Comprehensive knowledge of the sourcing process and a proven track record of success in a large organization.
Knowledge of effective technology driven sourcing solutions.
Experience with contracting principles, service level definition, standard terms and conditions, and contract negotiations.
Highly analytical with an ability to anticipate and mitigate problems.
Strong negotiation skills.
Exceptional written and verbal communication skills.
Ability to interact successfully with all levels personnel, suppliers, and across the First Niagara organization.
Strong team player that collaborates well with others to solve problems and actively incorporates input from various sources.
Ability to lead project teams and facilitate decision-making.
Change-oriented with a process improvement and problem solving mindset.
Hands-on problem solver that operates with a sense of urgency.
Demonstrated customer focus, both internal and external.
Capable of consolidating large amounts of data and communicating it in an understandable format.
High level of proficiency in Microsoft analysis and communication tools - Excel, Word, Powerpoint, Outlook, and Access.
Advanced degree in Business Administration, Finance, Management or related field, or equivalent work experience.
Experience in banking or financial services.
In addition to strategic sourcing, experience in related areas such as purchasing / procurement, supplier development, supplier performance, vendor management, or supply chain management.
The Strategic Sourcing team has enterprise-wide accountability for spend and supply base management of all large dollar and high impact expense items. Working in close collaboration with affected business units and internal customers, the Category Manager will manage a set of spend categories and commodities to ensure that First Niagara receives the optimum balance of price, quality, and service levels. As such, this role has a direct impact on shareholder value and on the organization's efficiency ratio.
The Category Manager is responsible for leading strategic sourcing events that impact multiple lines of business. Additionally, this role is responsible for ensuring sourcing implementation is completed successfully, internal compliance with sourcing decisions is maintained, and suppliers are performing at high levels. This position also provides overall vendor management process guidance and category consultation to the business units, including competitive analysis, alternate supplier identification, and development of Service Level Agreements, contract negotiations, and consumption management.
Develop short-term and long-term strategies for core categories and commodities.
Identify and track existing expense categories and supplier spend within each category.
Identify sourcing and efficiency projects that contribute to the achievement of expense reduction targets.
Execute the First Niagara sourcing process including conducting needs assessments, information gathering, market assessments, RFI / RFP / RFQ preparation, data analysis, supplier selection, and contract negotiation.
Select, manage and develop key supplier relationships, including monitoring performance and expense projections.
Establish key partnerships throughout the organization to ensure business unit use of the First Niagara sourcing process on non-core categories, compliance with sourcing decisions, and efficient ongoing purchasing practices.
Serve in a consultative role to the business units relating to contract negotiations, especially concerning the development of Service Level Agreements, termination responsibilities and financial control.
Optimize the supply base through consolidation or development of new relationships where appropriate.
Identify, manage, and escalate issues that impede the sourcing process.
Report results of sourcing activities to Sourcing Manager, including key metrics of the sourcing process, including Critical Success Factors, Service Level Agreements, and Key Performance Indicators along with activity based metrics.
Must comply with pertinent laws, regulations, First Niagara's Compliance Policy as well as external compliance requirements of the sourcing process.
First Niagara Financial Group - 17 months ago
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