What are the responsibilities and job description for the Senior Associate - Procurement and Vendor Management Data, Reporting and Analytics position at Barings?
At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.
We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.
Title : Senior Associate - Procurement and Vendor Management Data, Reporting and Analytics
Business Unit : Procurement Vendor Management
Location : Charlotte, NC
Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.
Job Summary
The Global Procurement and Vendor Management Team ("P&VM") is seeking a Data and Analytics Delivery professional to join our team. This role will report to the Business Management Team Leader and has a unique opportunity to recommend, guide, and manage the P&VM function data management, reporting and analysis needs. The Data and Analytics Specialist supports the internal P&VM team as well as business stakeholders in reporting and analyzing procurement spend and third-party vendor data.
This role will support the P&VM team by providing actionable insights, data analysis and reporting to optimize sourcing strategies, improve vendor performance and drive cost efficiencies. The ideal candidate will play a critical role in developing and implementing executive reporting and data driven decision making within the Procurement and Vendor Management function. As a Data and Analytics Specialist for Barings you must have a proven background in a dynamic data and reporting function, with experience in the financial services industry a plus.
Since you are part of a global team, you will need to actively cooperate with various stakeholders across our global footprint and navigate with ease in a transformational environment. You are expected to be detail orientated with a strong focus on quality and customer service. Accountable for the completion of assigned deliverables with little day-to-day management, you will demonstrate good judgement, an ability to influence / guide junior colleagues and be able to complete work with minimal direction.
Primary Responsibilities
The responsibilities of the role include, but are not limited to :
- Take ownership of procurement data and be able to draw conclusions to present the information in a concise and effective manner for leadership.
- Serve as point person for all vendor related reporting including spend analysis, vendor performance metrics and market trends.
- Create and maintain dashboards, scorecards and reports to track key performance indicators (KPIs)
- Support category managers with detailed spend analysis to support sourcing strategies and data-driven recommendations for monthly stakeholder reporting
- Responsible for monthly and quarterly executive level updates, ensuring data accuracy and completeness, together with actionable insights and opportunities.
- Partner with internal stakeholders and subject matter experts to understand reporting requirements, drive continuous improvement and enhance business performance.
- Support the Vendor Management Team with vendor risk and performance metrics, including scorecard evaluation, adherence to SLAs and Key Risk Indicators (KRIs)
- Use data to identify opportunities to improve current P&VM processes including automation to streamline data collection, analysis and reporting.
- Act as primary team liaison with finance function.
- Collaborate with team members on ad hoc projects.
- Create and maintain a data library with reporting components from multiple data sources.
Qualifications
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Barings is an Equal Employment Opportunity employer; Minority / Female / Age / Sexual Orientation / Gender Identity / Individual with Disability / Protected Veteran. We welcome all persons to apply.
Barings offers a comprehensive benefits package including :
CORE BENEFITS & WELLNESS
FINANCIAL WELL-BEING
LIFE INSURANCE
TIME OFF, DISABILITY AND LEAVE OF ABSENCE
OTHER BENEFITS
