Broadridge Financial Solutions Sr. Director, Purchasing & Contracting in Newark, New Jersey
Broadridge, a global fintech leader with over $4 billion in revenue, provides communications, technology, data, and analytics. We help drive business transformation for our clients with solutions for enriching client engagement, navigating risk, optimizing efficiency, and generating revenue growth. Broadridge employs over 10,000 full-time associates globally with a significant presence in North America, Europe, and Asia. Please visit our website at www.broadridge.com to learn more.
Broadridge continues to experience strong growth and we are actively seeking a self-starter to join our procurement team in Newark as a Sr. Director, Purchasing & Contracting.
In this role, you will be responsible for the leadership and direction of Purchasing & Contracting function. You will be specifically focused on the purchasing value analysis for all supplies/equipment via catalogs/noncatalog buys and the associated supplier selection and rationalization of any tactical related items. You will drive the contracting process inclusive of handling contracts related to catalog/non-catalog buys and tactical goods. The Purchasing and the Procurement requisitioning process including the no PO, no pay process will require attention in terms of process enforcement. The goal is to drive processes around developing and optimizing Broadridge’s spend.
This is a highly visible position which will drive value and significantly impact bottom-line profitability at Broadridge. Are you looking to be a part of a growing Fin Tech company? Are you ready to directly impact the growth of a transformational business? If so, we urge you to read below to learn how you can make an immediate impact with our dynamic organization.
Leads and manages select catalogs and work with end users to figure out optimal mix of goods for catalog vs. off catalog purchases
Works with vendors to negotiate costs of goods and drive betterment of pricing
Works with various Business units on purchasing initiatives, and agree on business goals and key requirements
Ensures process excellence, and frames strategic issues and supply options
Ensures others on the Purchasing team understand supply markets and help develop innovative supply solutions
Identifies and pursues Broadridge demand management opportunities to increase productivity and drive new efficiencies
Collaborates with Accounts Payable leadership to optimize the procure-to-pay process, ensure timely and accurate payment of invoices, increase the volume of payment terms discounts received/taken, and support management and accuracy of the Vendor Master File
Actively evaluates supplies, services, and equipment usage trends and recommends operational process improvements
Ensures pricing is accurate, consistent and established at the appropriate negotiated tier level
Ensures negotiated discount percentages are reflected in the pricing structure
Ensures correct rebates and/or commissions are received in a timely fashion
Builds strong relationships with Executive Team and key partners, removes obstacles for Purchasing & Contracting teams
Conducts successful supplier negotiations focused on total cost and ensures all business terms are clearly outlined in any end agreements with vendors
Develops plans to support change management initiatives
Develops strong supplier partnership and development programs. Conducts quarterly business reviews, measures performance through scorecards, and ensures new value is created year-over-year
Responsible for Contract Development, Contract Management and Contract Compliance for all contractual documents, working in partnership with the strategic sourcing team, suppliers, Business units, and Legal
Perform contract interpretations and identify related issues via critical thinking to achieve issue resolution
Provide leadership in drafting and negotiating terms and conditions with Suppliers
Review requests to change contract template provisions, assess risk of implementing changes, and recommend response
Secure Legal approval (as required) of response and negotiate resolution with Supplier
Review contract modifications received from Suppliers
Provide points of view on the implications and next steps regarding contract changes
Monitor contract status and report on upcoming contract renewals or expirations
Partner with the Category Sourcing Experts to renew and revise contracts with Suppliers as needed
Monitor other key contract landmarks and provide Category Sourcing Experts with updates and recommended contract actions
Provide assistance to Category Sourcing Experts and Internal Client Business Partners in understanding contractual documents and their terms
Assist with drafting and identification of approvers for Contract Approval Sheet
Review and interpret Procurement Policy requirements
Take responsibility for consultation on and escalation of contractual terms and conditions to Senior Management, including provision of current and potential legal and business issues and/or risks
Leadership and Management:
Hires, develops, and coaches Purchasing & Contracting team at Analyst, Buyer, Senior Buyer, Senior Contracts Analyst, and Manager levels. Handles retention, compensation, performance management, resource scheduling and planning, capability and skill development, career development and succession planning
Establishes and creates department training and development programs
Assists VP Procurement in developing Broadridge procurement transformation roadmap
Works with Executive Team to demonstrate strategic value of procurement team, and ensures strong sponsorship and participation from cross-functional teams.
Develops short-term and long-term strategies to achieve departmental goals.
Develops, communicates, and actively handles departmental goals and strategies with internal partners and suppliers.
Ensures integrity of work done, following vision, mission, and values.
Develops strong relationships with all partners including IT, Marketing, HR, Legal, Finance, and Facilities
Required Skills & Experience:
Strong expertise in IT, Marketing, HR, Facilities, and Services from a Purchasing & Contracting, and Strategic Sourcing standpoint
Proven ability to lead high-performance teams and build strong and lasting partnerships.
Strategic and innovative thinker who can develop and implement new business models and keep pace with changing marketplace.
Strong team player, with the innate ability to build and maintain strong cross-functional relationships
Proven ability to attract, lead, and develop people
Effective and excellent analytical and problem solving skills
Demonstrated experience negotiating, drafting & managing agreements with significant annual spend
Strong issue resolution and negotiation skills
Strong project management skills
Results oriented and data driven
Excellent communication skills (both verbal and written)
Minimum Educational Level:
Bachelor's degree in business administration, finance or related discipline, Master's preferred
CPM, CIRM or CPIM certification a plus
Certifications from the National Contract Management Association (NCMA)
Certified Commercial Contracts Manager (CCCM)
Certified Professional Contracts Manager (CPCM)
13 plus years of professional experience in purchasing & contracting, strategic sourcing, operations or general management consulting, or supply chain
Experience in a dynamic organization with experience and exposure in advanced sourcing strategies
Ability to perform in a fast-paced, goal-oriented, and time-sensitive environment
Ability to lead and influence change in the face of complexity and ambiguity
All your information will be kept confidential according to EEO guidelines.