Director, Procurement
Director, Procurement
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Job Description
Acadian Asset Management is a global systematic investment manager at the forefront of data-driven investing since 1986. Headquartered in Boston with locations in Singapore London and Sydney we manage over $120 billion on behalf of leading institutions worldwideincluding pension funds endowments foundations and sovereign wealth funds. We harness advanced technology rich datasets and multidisciplinary expertise to help clients navigate complex markets and uncover insights that may be overlooked by traditional approaches.
What sets Acadian apart is our people. We foster a collaborative intellectually curious environment where ideas are tested diverse perspectives are welcomed and innovation thrives. Were united by a shared purpose: delivering effective client outcomes and supporting one another in work thats both challenging and rewarding. We offer a flexible hybrid work environment strong benefits and a casual but focused office cultureall designed to support the meaningful collaborative work that defines Acadian.
Position Overview:
The Director of Procurement is responsible for the overall strategy and execution of Acadians procurement process. This includes quantifying needs determining the best sourcing strategy for products and/or services negotiating cost terms and conditions in contracts and ensuring compliance with rules and regulations. Additional responsibilities include vendor management vendor risk management contract lifecycle management and providing transparency through reporting and auditing. Acadian supports a hybrid work environment employees are on-site in the Boston office 3 days a week.
What Youll Do:
- Provide leadership and strategic direction to plan execute and manage firm wide procurement
- Establish and drive standards in all areas of the procurement process including RFPs RFQs periodic due diligence of supplier market and performance
- Work in partnership with internal teams and suppliers to understand requirements and ensure appropriate vendor selection and value optimization through an agreed upon sourcing process
- Responsible for oversight of negotiation and execution of purchase orders vendor relations and contract management
- Coordinate with Corporate Compliance and IT governance on vendor risk management procedures to identify and mitigate risk and ensure compliance with standard criteria
- Work with Data Governance Compliance and end users to identify and manage risk pertaining to market data usage throughout the firm
- Manage Accounts Payable taking a lead role in the execution of a full cycle Procure-to-Pay (P2P) automation tool; Ensure existing and new tools supporting P2P and contract management are used in a consistent and optimized way
- Increase visibility into payment and spend by leveraging key analytics such as KPIs PO accuracy and invoices paid on time
- Collaborate with FP&A in budget creation management and quarterly forecasting on categories of spend including but not limited to firm wide IT and data spend
- Oversight of contract management lifecycle to ensure appropriate planning and reporting takes place for renewals and key contractual events
Were Looking for Teammates With:
- Bachelors degree in business or finance-related field; graduate degree preferred
- Minimum 10 years experience in a procurement; Prior experience with market data and/or technology required
- Experience assessing reviewing negotiating and managing third party contracts and vendors
- Exceptional project management skills
- Demonstrated ability to manage and influence others as well as work in a team environment
- Strong written and oral communications skills
To apply for this position or view Acadians open roles please visit the Careers section of our website at: We will contact only selected candidates. If you are a candidate with a disability or are assisting a candidate with a disability and require an accommodation to apply for one of our jobs please email us at
Acadian Asset Management LLC is committed to providing equal employment opportunity to all employees and applicants. No employee or applicant shall be discriminated against on the basis of gender race creed color sex age national origin marital status pregnancy or parenthood veteran status citizenship status disability gender identity or sexual orientation.
Required Experience:
Director
Employment Type
Full Time
