Director Procurement
Director Procurement
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Job Description
Who we are
At CarGurus (NASDAQ: CARG) our mission is to give people the power to reach their destination. We started as a small team of developers determined to bring trust and transparency to car shopping. Since then our history of innovation and gotomarket acceleration has driven industryleading growth. In fact were the largest and fastestgrowing automotive marketplace and weve been profitable for over 15 years.
What we do
The market is evolving and we are too moving the entire automotive journey online and guiding our customers through every step. That includes everything from the sale of an old car to the financing purchase and delivery of a new one. Today tens of millions of consumers visit CarGurus each month and 30000 dealerships use our products. But theyre not the only ones who love CarGurusour employees do too. We have a peoplefirst culture that fosters kindness collaboration and innovation and empowers our Gurus with tools to fuel their career growth. Disrupting a trilliondollar industry requires fresh and diverse perspectives. Come join us for the ride!
Role overview
As the Director of Procurement reporting to the VP Finance and Principal Accounting Officer you will establish and strategically build CarGurus procurement function from its current foundational state shaping policies systems and processes designed to optimize efficiency enhance costeffectiveness and support the companys longterm strategic objectives. This role requires a significant cultural shift as you centralize the procurement function transitioning the organization from decentralized practices to a unified strategically aligned procurement model.
The ideal candidate will possess a forwardthinking vision proven leadership capabilities and deep expertise in strategic procurement. You will be responsible for developing and implementing procurement strategies aligned with business priorities proactively driving crossfunctional collaboration and mentoring a highperforming procurement team. Your leadership will create a culture of strategic thinking proactive continuous improvement and a growth mindset throughout the procurement organization.
What youll do
Strategic Planning:
- Develop implement and manage the lifecycle of procurement from sourcing and negotiating to vendor contracting to periodic reporting and supplier management.
- Create a vision for the procurement function that aligns with company strategy.
- Lead vendor cost reduction initiatives and set budgetary goals.
- Analyze market trends and make recommendations for improving procurement processes and practices to manage spend and potential savings effectively.
- Drive continuous improvement and reporting on procurement metrics to senior stakeholders.
- Plan and execute nearterm and longterm procurement to effectively increase cash profit margin.
- Lead the strategy to deploy best practice uses of procuretopay software programs.
- Proactively leverage innovation including AIdriven solutions to enhance procurement agility and responsiveness serving as a change leader who can rapidly adapt processes to an evolving business landscape.
Vendor & Budget Management:
- Identify evaluate select and oversee vendor/supplier relationships to build strategic partnerships that enhance value and innovation.
- Deliver financial and operational value by leading negotiations with vendors on the scope of work commercial terms revenuesharing and other legal compliance and contractual terms as needed.
- Develop and manage the procurement budget ensuring costeffectiveness and alignment with financial goals.
- Monitor and report on procurement spend and savings.
Collaboration & Team Leadership:
- Manage and mentor the procurement team fostering a highperformance culture growth mindset and bias for action.
- Provide guidance and support for professional development and career growth.
- Collaborate with crossfunctional teams including teams in Finance Travel & Expense Legal IT Information Security and others to ensure a cohesive approach to procurement.
Compliance and Risk Management:
- Continuously review and improve procurement processes to enhance efficiency and effectiveness.
- Ensure procurement activities comply with legal regulatory and ethical standards including SOX requirements.
- Identify potential risks within procurement processes and develop strategies to mitigate them ensuring business stability and adherence to corporate policies.
What youll bring
- 10 years of experience in the procurement field with a proven understanding of Procurements role in a maturing organization including Purchasing Procurement Accounts Payable and Travel & Expense systems and procedures.
- 6 years of experience in a strategic people leadership role and a track record of building and developing highperforming teams.
- Technical understanding of finance systems preferably Concur NetSuite and Zip HQ (nice to have).
- Demonstrated experience supporting internal and external partners/suppliers.
- Adept in managing complex vendor/supplier relationships and negotiating highvalue contracts.
- Highly analytical and capable of setting and managing budgets effectively.
- Excellent communicator with the ability to influence and engage stakeholders at all levels.
- A strategic thinker with a problemsolving mindset.
- Bachelors degree in Supply Chain Management Procurement Management/Operations or a related field is an asset
Working at CarGurus
We reward our Gurus curiosity and passion with bestinclass benefits and compensation including equity for all employees both when they start and as they continue to grow with us. Our career development and corporate giving programs as well as our employee resource groups (ERGs) and communities help people build connections while making an impact in personally meaningful ways. A flexible hybrid model and robust time off policies encourage worklife balance and individual wellbeing. Thoughtful perks like daily free lunch a new car discount meditation and fitness apps commuting cost coverage and more help our people create space for what matters most in their personal and professional lives.
We welcome all
CarGurus strives to be a place to which people can bring the ultimate expression of themselves and their potentialstarting with our hiring process. We do not discriminate based on race color religion national origin age sex marital status ancestry physical or mental disability veteran status gender identity or sexual orientation. We foster an inclusive environment that values people for their skills experiences and unique perspectives. Thats why we hope youll apply even if you dont check every box listed in the job description. We also encourage you to tell your recruiter if you require accommodations to participate in our hiring process due to a disability so we can provide the appropriate support. We want to know what only you can bring to CarGurus. #LIHybrid
Required Experience:
Director
Employment Type
Full Time
