Procurement Lead, Enterprise Services

SEI
parental leave, paid time off, paid holidays, tuition reimbursement, 401(k), retirement plan
United States, Pennsylvania, Oaks
1 Freedom Valley Drive (Show on map)
Dec 18, 2024
Founded in 1968, SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing and operations, technology, and asset management, SEI works with corporations, financial institutions and professionals, and ultra-high-net-worth families to solve problems, manage change and help protect assets-for growth today and in the future. As of Sept. 30, 2024, SEI manages, advises, or administers approximately $1.6 trillion in assets. SEI is seeking a dynamic and experienced individual to join our organization as a Procurement Category Lead - Enterprise Services As the Procurement Category Lead for Enterprise Services, you will be an integral part of the development and execution of the procurement process, ensuring that all goods and services are acquired at the best possible price and quality. You will work closely with various departments to understand their third-party services needs and develop procurement strategies that align with the company's goals. Your role will also involve negotiating contracts, managing supplier relationships, and ensuring compliance with all relevant regulations and policies. The successful candidate will have excellent leadership and communication skills, with the ability to motivate and inspire their team to achieve outstanding results. You will be expected to stay up to date with industry trends and continuously seek opportunities to improve the procurement process. This role will report to the Head of Centralized Procurement and lead the Enterprise Services Sourcing Category. Responsibilities Negotiate a variety of contracts that are necessary for the acquisition of enterprise related services, third party service providers, managed service provider agreements, and external labor arrangements and deals with other sellers to promote maximum cost-savings in the sourcing and supply chain management system. Devise and execute procurement, service level agreements, and contracting strategies that benefit the business in the best way. Function as the procurement business partner to various departments and guide them with services acquisition strategy, e-procurement best practices, and managed service provider supplier rationalization. Ensure compliance with applicable legal frameworks and regulations. Conduct and assess detailed supplier evaluations, determine supplier viability, and manage supplier relationship which include commercial, contract, and operational performance. Implement comprehensive performance management processes, metrics, and measurement dashboards to ensure supplier and contract performance. Monitor and analyse market trends and stay up to date with industry trends and best practices. Develop, audit, and maintain procurement policies and procedures that embrace and fully utilize e-procurement processes and tools. Collaborate with other departments to understand their needs and continuously seek opportunities to improve the procurement process. Identify and mitigate risks in the procurement process while ensuring timely delivery of goods and services. Ensure that the procurement team fully meets performance targets. Function as a thought leader and subject matter expert for third party services suppliers to maximize value, drive efficiencies and create value through strategic partnerships. Lead supplier negotiations and various value creation activities to fully maximize SEI's annual budgetary spend. Track and report on service level agreements and develop plans to improve overall operational performance of third-party services providers. Preferred Experience Bachelor's degree in Business Administration, Supply Chain Management, or a related degree. Strong communication, presentation, and analytical skills for clear articulation of procurement processes, policies, and acquisition strategies across various levels of the organization. Experience in procurement, supplier management, or supply chain management. Proven track record of leading and developing high-performing teams. Strong negotiation and contract management skills in the services and managed service provider categories of spend. Excellent leadership skills and strong demonstrated experience in supplier negotiations and overall contract management. Knowledge of procurement software and tools, especially e-procurement tools and processes, requisition management, Purchase Order workflow and a high degree of acumen for the Source to Pay process. Ability to work independently while employing integrity and sound business decisions to solve problems and implement solutions. Experience in budget and financial management. Someone who will embody our SEI Values of courage, integrity, collaboration, inclusion, connection and fun. Please see our website for more information. https://www.seic.com/ SEI's competitive advantage: To help you stay energized, engaged and inspired, we offer a wide range of benefits including comprehensive care for your physical and mental well-being, a strong retirement plan, tuition reimbursement, a hybrid working environment for most roles, support for working parents and flexible Paid Time Off (PTO) so you can relax, recharge and be there for the people you care about. Benefits include healthcare (medical, dental, vision, prescription, wellness, EAP, FSA), life and disability insurance (premiums paid for base coverage), 401(k) match, education assistance, commuter benefits, up to 11 paid holidays/year, 21 days PTO/year pro-rated for new hires which increases over time, paid parental leave, back-up childcare arrangements, paid volunteer days, a discounted stock purchase plan, investment options, access to thriving employee networks and more. We are a technology and asset management company delivering on our promise of building brave futures (SM)-for our clients, our communities, and ourselves. Come build your brave future at SEI. SEI is an Equal Opportunity Employer and so much more... After over 50 years in business, SEI remains a leading global provider of investment processing, investment management, and investment operations solutions. Reflecting our experience within financial services and financial technology our offices encompass an open floor plan and numerous art installations designed to encourage innovation and creativity in our workforce. We recognize that our people are our most valuable asset and that a healthy, happy, and motivated workforce is key to our continued growth. At SEI, we're (literally) invested in your success. We offer our employees paid parental leave, back-up childcare arrangements, paid volunteer days, education assistance and access to thriving employee networks. SEI is an equal opportunity / affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.