Hearst is a leading global, diversified media, information and services company with more than 360 businesses. Its major interests include ownership in cable television networks; global financial services leader Fitch Group; Hearst Health; Hearst Transportation; 33 television stations; 24 daily and 42 weekly newspapers; more than 300 magazines around the world; digital services businesses; and investments in emerging digital entertainment companies.
Across every division of the company, we are connected by our shared values of innovation, storytelling, creativity, vision, social good and partnership. We believe our biggest asset is our combination of different backgrounds, cultures, and disciplines that come together to form one epic unit. What we do starts with our people.
What you'll do
The Senior Director of Strategic Procurement is responsible for the development and execution of the corporate procurement processes. The Senior Director will work closely with corporate and business group leadership to ensure the requirements of each group are met. The Senior Director will also provide leadership and instill a culture of customer service excellence in the delivery of services. The role includes responsibility for the procurement of goods and services, the development and implementation of policies, procedures and systems that support the company's procurement activities, and building strategic sourcing capabilities.
Development of procurement vision and strategy
Building a Procurement Center of Excellence (CoE) that is a true business partner enabling efficient processes while delivering savings through sourcing activities
Creation and improvement of best-practice based processes (e.g., leadership of high-value/strategic sourcing efforts)
Analyzing spend data to identify spend categories for strategic sourcing events
Gather sourcing event requirements, form sourcing teams and conduct strategic sourcing events
Leadership of cross-functional sourcing teams across business groups and functions
Build market intelligence capabilities within the category management team on key markets, trends, suppliers and solutions
Identification and realization of cost-savings opportunities
Budget management for categories under management
Development of benchmarks, KPI's and scorecards to be used for continuous improvement and to demonstrate value delivered
Oversee contract development and administration
Identify and manage commercial, contractual, operational, reputational, and ethical risks to minimize potential negative impacts to the company
Serve as the primary contact for procurement related questions, training, policy and procedure interpretation and alignment by all Business Units and departments.
Manage current procurement policies, procedures and programs with a focus on their ability to enhance organizational value and efficiency
Oversee the execution of procurement strategies across the enterprise to ensure consistent and high-quality value delivery
Conduct business review meetings with key stakeholders to assess performance, risk, future strategies, and identify improvement opportunities
Manage the processing of purchase orders; develop bids and proposals; and work closely with invoice processing team for process efficiency
Management of Procurement Team
Creation and management of short, mid, and long term goals and objectives
Management of procurement staff in sourcing, contracting, transactional purchasing, supplier management, and miscellaneous internal support activities
Manage skills and competency development of procurement staff, including training and knowledge management capabilities
Develop, communicate and administer procurement team performance and development plans and appraisals.
Who you are
Strong leadership skills
Team player at executive levels to collaborate with business groups and functional partners like IT, finance, HR, legal, etc.
Excellent operational management and general business skills
Working knowledge of finance and/or accounting in terms of budgeting, cost management, financial accounting, risk management, etc.
Excellent communication and listening skills that allows the "voice of the customer" to understand the company's culture
Ability to "sell" procurement's value and to partner with business groups
In-depth knowledge of sourcing and procurement principles and best practices
Strong negotiation skills to use for large commercial deals
Experience with modern sourcing and procurement systems (preferably Oracle Cloud)
Understanding of standard contractual terms and conditions to mitigate legal risk
Strategic mindset and problem-solving skills
Change management skills and self awareness to take varying approaches with a dynamic set of stakeholders
Proven track record of delivering savings and other value via a strong team of professionals in the procurement department
Bachelor's degree in supply chain management, economics, finance, operations, engineering or a related area
Minimum 10 years of related experience, with at least 7 years of supervisory experience
We do great work, with great people. Want in? Apply today.