Category Manager Financial Services

Position : Category Manager Financial Services

Location : Research Triangle Park NC

Duration : 12 Months

Total Hours/week : 40.00

1^st Shift

Client: Medical Devices Company

Employment Type: Contract on W2 (Need US Citizens Or GC Holders Only)

Job Description:

• The Category Manager Financial Services develops and maintains leading edge global sourcing strategy and appropriate supply base with clear spend governance for assigned Finance related categories taking into account regional and local needs.
• Significant experience with Supply Chain Financing at a global level with implementation and training category managers.
• Categories and associated firms are typically global in nature and represent significant risk to multiple businesses.
• Understanding of various regional and global payment solutions and how they can help drive cash preservation.
• The Category Manager works in close alignment and collaboration with business functional and regional stakeholders for the assigned categories to understand their needs and requirements.
• The Global Category Manager is also responsible for key strategic supplier management including risk performance relationship and supplier development.

• Responsible for leading global category teams in the development communication and approval of sourcing strategies.
• Sourcing strategies should be inclusive of all regional business requirements and reflective of all regional supply market conditions and supply practices.
• Accountable for communication and approval of sourcing strategies globally and for appropriate handoff to regional sourcing associates for regional supplier selection and / or implementation associates for strategy implementation.
• Responsible for insuring that category strategy(ies) result in and generate three to five year roadmaps of savings and value streams and where appropriate innovation opportunities
• Continually sensing of internal customers and supply markets for changes that may impact the sourcing strategy.
• Accountable for yearonyear financial impacts to assigned category(ies) with respect to price movement
• Manages relevant internal audits to ensure actions are completed as needed from Procurement; collaborates with other functions as needed on audit actions.
• Responsible for application of the source to pay process inclusive of customercentric support content and preferred payment methods as part of sourcing strategies
• Is accountable for developing and maintaining risk mitigation plans inclusive of compliance for designated suppliers within assigned category(ies) with businesses or functions
• Is responsible for optimal supply base compliance for assigned supply base including compliance to corporate procedures and to support of all legislation driven and socially responsible reporting requirements.
• May engage in peer coaching and mentoring for regional strategic sourcing and implementation associates

Degree of Accountability:

• Where applicable for the category(ies) and through the management of risk mitigation plans drives cross functional team progress towards risk retirement.
• Responsible for global category team effectiveness.

Financial Impact:

• Establishes and maintains long term cooperative relationships (through supplier relationship management) with key suppliers/firms and ensures that all suppliers are treated in a professional ethical and fair manner.

Quality Impact:

• Responsible for including in strategy development the consideration of and where relevant implementing all relevant aspects of the sourcetopay process in sourcing strategies for assigned category (ies) globally.
• Responsible for global category team coordination.

Cost Impact:

• Maintains relationships with business functional and regional stakeholders for the assigned category(ies). Influences the respective budgets through communications and consensus on strategies projects and processes.

Budget Responsibility:

• Responsible for global category team results and delivery against functional goals. Improves client financial position through cost savings nonprice value opportunities and price movement / inflation management and appropriate standard costs.

Qualifications External

Requirements:

• Bachelors degree in a related field
• Minimum five years of related work experience including category strategy development and
• Experience with Supply Chain Financing and payment solutions for Source to Pay

• Stakeholder Engagement and Management
• Strategic sourcing process
• Supplier management
• Negotiation
• Cost management practices
• Supply market knowledge
• Supply market research and analysis
• Ability to influence without direct authority
• Written and verbal communication skills
• Problem solving skills
• Drive for results

Preferences:

• MBA or equivalent degree
• Procurement or related certifications (CPSM CPIM PMP) nice to have
• Financial Category experience
• Lean
• Process Effectiveness
• Product Development Process
• Project Management
• Regulatory Systems and Compliance including quality concerns