What are the responsibilities and job description for the VP/Director, Technology Procurement position at OneMain Financial?
The Director of Procurement at OneMain is responsible for overseeing the end-to-end sourcing process within the Technology category. This includes developing and executing category strategies that optimize cost, quality, and supplier performance while ensuring alignment with the company’s overall business objectives. The Director of Procurement will lead large-scale procurement initiatives, negotiate favorable terms with a large supplier base, and collaborate closely with internal stakeholders and external suppliers to drive category performance improvements. The ideal candidate will possess strong negotiation skills, strategic sourcing expertise, and the ability to manage complex Procurement activities from start to finish.
In the Role
Who we Are
OneMain Financial (NYSE: OMF) is the leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. Since 1912, we’ve looked beyond credit scores to help people get the money they need today and reach their goals for tomorrow. Our growing suite of personal loans, credit cards and other products help people borrow better and work toward a brighter future.
Driven collaborators and innovators, our team thrives on transformative digital thinking, customer-first energy and flexible work arrangements that grow lives, careers and our company. At every level, we’re committed to an inclusive culture, career development and impacting the communities where we live and work. Getting people to a better place has made us a better company for over a century. There’s never been a better time to shine with OneMain.
Because Team Members At Their Best Means OneMain At Our Best, We Provide Opportunities And Benefits That Make Their Health And Careers a Priority. That’s Why We’ve Packed Our Comprehensive Benefits Package For Full- And Some Part-timers With:
In the Role
In the Role
- Develop and implement category strategies that align with company goals and drives value, cost savings, quality improvements and innovation.
- Conduct thorough market analysis to understand industry trends, supplier capabilities, and competitive landscape within the category.
- Identify and evaluate potential suppliers, negotiate contracts, and manage supplier relationships to ensure alignment with category strategy.
- Collaborate with internal stakeholders, including operations, finance, and legal teams, to understand business needs and ensure category strategies support those needs.
- Lead the end-to-end sourcing process understanding the dynamics of sourcing modern cloud services and supplier relationships - Saas, PaaS, IaaS, including the preparation and management of RFPs, supplier selection, and contract negotiations.
- Monitor and manage supplier performance, ensuring that suppliers meet quality, cost, and delivery requirements.
- Develop and maintain strong relationships with key suppliers to ensure long-term partnership and continuous improvement.
- Bachelor’s degree in Supply Chain Management, Business Administration, or a related field; a master’s degree is preferred.
- 8 years of experience in Procurement, category management, or strategic sourcing, with a proven track record of success.
- Deep expertise in RFP drafting and completing all necessary sourcing review, including vetting for security, data, and compliance safeguards.
- Experience with Cloud Hyperscaler and demonstrate how new contractual relationships drive optimal savings.
- Proven negotiation skills with experience in managing high-value contracts and supplier relationships.
- Excellent communication and interpersonal skills, with the ability to influence and collaborate with stakeholders at all levels.
- Expertise in providing leadership to help teams identify redundant or overlapping functionality amongst SaaS products, as well as prevent multi-sourced spending.
- Strong analytical and project management skills, with the ability to analyze complex data, manage multiple priorities and develop actionable insights to meet deadlines in a fast-paced environment.
- Proficiency in Procurement software and tools; experience with platforms like Coupa is preferred.
- High level of integrity and professionalism, with a commitment to ethical Procurement practices
Who we Are
OneMain Financial (NYSE: OMF) is the leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. Since 1912, we’ve looked beyond credit scores to help people get the money they need today and reach their goals for tomorrow. Our growing suite of personal loans, credit cards and other products help people borrow better and work toward a brighter future.
Driven collaborators and innovators, our team thrives on transformative digital thinking, customer-first energy and flexible work arrangements that grow lives, careers and our company. At every level, we’re committed to an inclusive culture, career development and impacting the communities where we live and work. Getting people to a better place has made us a better company for over a century. There’s never been a better time to shine with OneMain.
Because Team Members At Their Best Means OneMain At Our Best, We Provide Opportunities And Benefits That Make Their Health And Careers a Priority. That’s Why We’ve Packed Our Comprehensive Benefits Package For Full- And Some Part-timers With:
- Health and wellbeing options for team members and their dependents
- Up to 4% matching 401(k)
- Employee Stock Purchase Plan (10% share discount)
- Tuition reimbursement
- Continuing education
- Bonus eligible
- Paid time off
- Paid volunteer time
- And more
In the Role
- Develop and implement category strategies that align with company goals and drives value, cost savings, quality improvements and innovation.
- Conduct thorough market analysis to understand industry trends, supplier capabilities, and competitive landscape within the category.
- Identify and evaluate potential suppliers, negotiate contracts, and manage supplier relationships to ensure alignment with category strategy.
- Collaborate with internal stakeholders, including operations, finance, and legal teams, to understand business needs and ensure category strategies support those needs.
- Lead the end-to-end sourcing process understanding the dynamics of sourcing modern cloud services and supplier relationships - Saas, PaaS, IaaS, including the preparation and management of RFPs, supplier selection, and contract negotiations.
- Monitor and manage supplier performance, ensuring that suppliers meet quality, cost, and delivery requirements.
- Develop and maintain strong relationships with key suppliers to ensure long-term partnership and continuous improvement.
- Health and wellbeing options for team members and their dependents
- Up to 4% matching 401(k)
- Employee Stock Purchase Plan (10% share discount)
- Tuition reimbursement
- Continuing education
- Bonus eligible
- Paid time off
- Paid volunteer time
- And more
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