Demo

Sourcing Category Manager

InvestCloud
New York, NY Full Time
POSTED ON 2/18/2025
AVAILABLE BEFORE 5/10/2025

We are seeking a proactive and detail-oriented Sourcing Category Manager to support the Head of Procurement in executing strategic sourcing initiatives and managing vendor relationships. This role will contribute to the development and implementation of procurement strategies, ensuring cost efficiency and alignment with organizational objectives.

Key Responsibilities

  • Strategic Sourcing and Procurement

Assist the Head of Procurement in developing and implementing sourcing strategies for assigned categories.

  • Lead and support the RFx (RFP / RFQ / RFI) process, including document preparation and vendor evaluation.
  • Negotiate vendor contracts, including pricing, scope of work, SLA / KPI, and commercial terms, while reviewing, redlining, and providing comments within the contract documents to ensure clarity and alignment with organizational standards.
  • Vendor and Stakeholder Management
  • Build and maintain strong relationships with vendors to foster mutually beneficial partnerships.

  • Act as a thought partner to internal business stakeholders, providing exceptional customer service related to the vendor management engagement process and best practices.
  • Collaborate with internal stakeholders to align procurement activities with business needs.
  • Participate in vendor performance reviews, including quarterly business reviews and KPI assessments.
  • Cost Optimization
  • Identify opportunities for cost savings and implement initiatives to achieve procurement efficiency.

  • Analyze spend data and collaborate with the Head of Procurement to streamline processes.
  • Process Improvement and Compliance
  • Support the Head of Procurement in developing and enforcing procurement policies to ensure compliance with organizational and legal standards.

  • Implement and maintain procurement systems (e.g., ERP, CLM) to enhance workflow efficiency.
  • Project and Change Management
  • Assist in driving procurement centralization and P2P process standardization under the guidance of the Head of Procurement.

  • Support procurement-related projects, such as system implementation and vendor transitions.
  • Qualifications

  • Bachelor's degree in Business, Finance, Supply Chain Management, or a related field.
  • 7 years of experience in procurement or sourcing, with expertise in indirect categories preferred.
  • Proven experience in cost savings, vendor negotiation, and contract management, including reviewing and redlining contracts.
  • Proficiency in procurement tools and systems (e.g., NetSuite, IronClad, or similar).
  • Strong analytical and problem-solving skills.
  • Excellent communication and stakeholder management capabilities.
  • Preferred Skills

  • Experience in implementing procurement systems (ERP, CLM, etc.).
  • Knowledge of spend analysis and category management strategies.
  • Demonstrated ability to support leadership in driving procurement centralization and process standardization.
  • Proven ability to perform vendor contract review, negotiation, and redlining of commercial terms.
  • About InvestCloud

    InvestCloud, a global leader in wealth technology, aspires to enable a smarter financial future. Driving the digital transformation of the wealth management industry, the company serves a broad array of clients globally, including Wealth and Asset Managers, Wirehouses, Banks, RIAs, and Insurers. In terms of scale, the company's clients represent more than 40 percent of the $132 trillion of total assets globally. As a leader in delivering personalization and scale across advisory programs, including unified managed accounts (UMA) and separately managed accounts (SMA), the company is committed to the success of its clients. By equipping and enabling advisors and their clients with connected technology, enhanced intelligence, and inspired experiences, InvestCloud delivers leading digital wealth management and financial planning solutions, complemented by a dynamic data warehouse, which scale across the complete wealth continuum. In 2024, InvestCloud was named a CNBC World's Top Fintech Company, a proof point of the company's commitment to innovation and client success. Headquartered in the United States, InvestCloud serves clients around the world. For more information, visit InvestCloud.com.

    Our Values

  • Client Connected
  • Human Centered
  • Technology Forward
  • Respect Integrity
  • Excellence
  • The actual salary will vary based on applicant's education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on the applicant's geographic location. Salary range : $130,000 - $160,000

    Invest Cloud is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.

    LI-HJ1

    Salary : $130,000 - $160,000

    If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
    Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

    What is the career path for a Sourcing Category Manager?

    Sign up to receive alerts about other jobs on the Sourcing Category Manager career path by checking the boxes next to the positions that interest you.
    Income Estimation: 
    $128,981 - $177,855
    Income Estimation: 
    $169,213 - $239,804
    Income Estimation: 
    $88,940 - $123,214
    Income Estimation: 
    $82,418 - $108,006
    Income Estimation: 
    $184,635 - $240,705
    Income Estimation: 
    $127,992 - $173,181
    Income Estimation: 
    $167,085 - $235,574
    Income Estimation: 
    $167,085 - $235,574
    Income Estimation: 
    $203,978 - $284,843
    Income Estimation: 
    $76,575 - $97,677
    Income Estimation: 
    $96,881 - $126,079
    Income Estimation: 
    $144,983 - $187,977
    Income Estimation: 
    $96,881 - $126,079
    Income Estimation: 
    $121,901 - $159,768
    Income Estimation: 
    $144,983 - $187,977
    View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

    Job openings at InvestCloud

    InvestCloud
    Hired Organization Address Warren, NJ Full Time
    Job Description Job Description About the Role The Senior Account Executive will formulate and execute a strategy to enh...
    InvestCloud
    Hired Organization Address Warren, NJ Full Time
    Job Description Job Description InvestCoud is looking for a dynamic Senior Accountant maintaining financial records, pre...
    InvestCloud
    Hired Organization Address Warren, NJ Full Time
    About the Role : The Product Program Manager will be responsible for leading and managing multiple projects within our P...
    InvestCloud
    Hired Organization Address West Hollywood, CA Full Time
    InvestCloud is seeking a highly organized and experienced Technical Content and Documentation Manager within our enterpr...

    Not the job you're looking for? Here are some other Sourcing Category Manager jobs in the New York, NY area that may be a better fit.

    Strategic Sourcing Category Manager, Software/SaaS

    KPMG-UnitedStates, New York, NY

    AI Assistant is available now!

    Feel free to start your new journey!