Procurement Manager
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Job Location:
Baltimore, MD - USA
Monthly Salary:
$ 125 - 150
Posted on:
4 hours ago
Vacancies:
1 Vacancy
Job Summary
At Franklin Templeton were advancing our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic firm spans asset management wealth management and fintech offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise thats both broad and unique. From our welcoming inclusive and flexible culture to our global and diverse business we provide opportunities to help you reach your potential while helping our clients reach theirs.
Come join us in delivering better outcomes for our clients around the world!
Procurement Manager
Reporting to the Director within Enterprise Vendor Management the Procurement Manager leads an offshore team responsible for day-to-day tactical procurement activities. The team ensures speed compliance and cost control across the organization while managing supplier onboarding catalog enablement tactical sourcing purchase order execution invoice exception resolution and tactical contract management. This is a hands-on leadership role where success is measured by cycle time accuracy compliance supplier performance and stakeholder satisfaction. Team members collaborate closely with stakeholders and legal partners to maintain high standards and deliver value.
Location: Florida Maryland Massachusetts and other locations may be considered (East Coast time zone preferred); may be hybrid or remote.
How You Will Add Value
Core Responsibilities -
You will lead and coach an offshore team responsible for tactical procurement execution
You will oversee supplier onboarding catalog enablement and tactical sourcing activities
You will manage purchase order processing and invoice exception resolution
You will handle tactical contract management and ensure compliance with policies
You will run RFQs / RFPs and make award recommendations for low-to-mid complexity spend
Strategic Responsibilities -
You will set performance expectations SLAs (Service Level Agreements) and KPIs (Key Performance Indicators)
You will drive standardization process discipline and continuous improvement initiatives
You will analyze procurement data and report KPIs to senior management for strategy development
You will lead initiatives to improve customer experience automation and Procure-to-Pay adoption
You will enforce global vendor management policies and procedures
Teams & Collaboration -
You will act as escalation point for procurement supplier and stakeholder issues
You will collaborate with Legal Risk AP (Accounts Payable) and Compliance to resolve onboarding blockers
You will partner with business stakeholders to set expectations and drive value
You will manage supplier relationships at an operational level to ensure performance
What Will Help You Be Successful in This Role
Education Experience and Skills -
Bachelors degree in accounting finance or related field or combination of education and work experience
7 years procurement industry experience
Microsoft Office (advanced Excel with macros and PowerPoint skills) SharePoint
Experience with procurement concepts processes systems tools
Experience in strategic sourcing (RFIs / RFPs) and contract review and negotiation
Demonstrated ability to lead projects independently and as part of a team
Works independently requires minimal guidance
Player coach with initiative to deliver results
Solves complex problems; takes a new perspective
Proven people leadership and management skills
Results driven with attention to detail and the ability to move quickly while staying organized
Strong research problem solving and communication skills (verbal and written)
Continuous improvement mindset
Contract management experience preferred
Additional Desired Qualifications -
Understanding of procurement finance and accounting principles budgeting and reconciliation
Experience with a Procurement system (i.e. Coupa or Ariba) a plus
Familiarity with contract lifecycle management (CLM) tools
Experience supporting indirect spend categories
Experience in a regulated industry or complex enterprise environment preferred
Compensation: Franklin Templeton offers employees a competitive and valuable range of total rewardsmonetary and non-monetary designed to supporttheir well-being and recognize their time talents and with base compensation employees are eligible for an annual discretionary bonus a401(k) plan with a generous match and recognition rewards. We also offer a comprehensive benefits package which includes a range of competitive healthcare optionsinsurance and disability benefits employee stock investment program learning resources career development programs reimbursement forcertain educationexpenses paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program. We expect the base salary for this position to range between $125K - $150K depending on location and level of relevant experience plus discretionary bonus.
#LI-US
#Hybrid
Experience our welcoming culture and reach your professional and personal potential!
Our culture is shaped by the variety of perspectives and experiences brought by talent from around the world. Regardless of your interests lifestyle or background theres a place for you at Franklin Templeton. We provide employees with the tools resources and learning opportunities to help them excel in their career and personal life.
By joining us you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health saving for lifes adventures taking care of your family members or making a positive impact in your community we aim to have your needs covered. Learn more about the wide range of benefits we offer at Franklin Templeton.
Highlights of our benefits include:
Three weeks paid time off the first year
Medical dental and vision insurance
401(k) Retirement Plan with 85% company match on your pre-tax and/or Roth contributions up to the IRS limits
Employee Stock Investment Program
Tuition Assistance Program
Purchase of company funds with no sales charge
Onsite fitness center and recreation center*
Onsite cafeteria*
*Only applicable at certain locations
Learn more about the wide range of benefits we offer at Franklin Templeton
Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees and we evaluate qualified applicants without regard to ancestry age color disability genetic information gender gender identity or gender expression marital status medical condition military or veteran status national origin race religion sex sexual orientation and any other basis protected by federal state or local law ordinance or regulation.
If you believe that you need an accommodation or adjustment to search for or apply for one of our positions please send an email to . In your email please include the accommodation or adjustment you are requesting the job title and the job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.
Required Experience:
Manager
Key Skills
- Purchasing
- Sourcing
- Procurement
- Vendor Management
- HR Sourcing
- Procurement Management
- Supply Chain Experience
- Contract Management
- Contract Negotiation
- E-procurement
- negotiation
- Contracts
About Company
Franklin Templeton Investments is a global investment manager. At the core of our business are multiple world-class investment management groups – Franklin, Templeton and Mutual Series – each operating independently and offering their distinct perspectives to financial advisors and th ... View more
