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Manager, Procurement

Company: Risk Management Solutions (RMS)
Location: Newark
Posted on: March 29, 2020

Job Description:

Manager, Procurement

Responsibilities of the position include establishing and enforcing procurement policies, instituting a vendor management process and meeting SOX requirements related to procurement and financial accounting practices. This person will pull together currently disparate purchasing activities and take ownership and/or provide direction for best practices procurement. Such practices will include competitive bidding when appropriate, vendor evaluation, cost comparison market research, negotiation and total cost of ownership analysis. The Manager, Procurement will own a spend optimization analysis to be conducted at least annually.Successful candidates will be able to demonstrate success in reducing costs and improving supplier performance through implementation of global sourcing strategies, systems and processes and becoming a go-to resource for all significant procurement activities. This is a roll-up-the-sleeves, build, coordinate, collaborate and execute position.


  • Development and implementation of procurement strategies standards, policies, and procedures.
  • Implement vendor selection guidelines; recommend additions and from the supplier / vendor universe as appropriate
  • Conduct negotiations with suppliers to meet or exceed end-user requirements.
  • Long term strategic planning, balanced with daily management of resources to support procurement.
  • Create and maintain policies and controls in coordination with finance to ensure adherence to budgets and compliance with SOX & Fraud Prevention controls.
  • Develop and manage supplier performance scorecards.
  • Ensure proper execution and compliance with purchasing T's and C's and applicable legal documents (such as NDA's, MSA's, and contracts)
  • Lead the development, distribution, analysis, and presentation of RFIs and RFPs
  • Provide leadership and process mentoring to all team members as well as educating team members on procurement strategies.
  • Identify areas of opportunity for cost savings and conduct annual vendor spend analysis.
  • Tracking and reporting of cost savings and avoidance; trend monthly and annual budget reporting


    • Minimum 7 years' experience in corporate procurement
    • Minimum 5 years purchasing or procurement management experience
    • IT Procurement experience is a requirement
    • Negotiation experience for corporate contracts and owning vendor relationships are preferred
    • Experience with integrated procure to pay systems; iProcurement & iExpense from Oracle EBS and Service Now a plus
    • Experience using process improvement methodologies to improve team performance ( Six Sigma a plus)
    • Excellent customer service skills with ability to work collaboratively in a fast-paced environment.
    • Demonstration of critical thinking and negotiation skills
    • Supply Chain experience is a plus.
    • Excellent written and verbal communications skills
    • Proactive, results-oriented, with a can-do attitude in meeting critical deadlines
    • Ability to work cross-functionally


      • BA/BS degree in business or economics related field
      • Professional certification (CPIM, CPM, PMP etc.) is a plus

        About RMS

        There's a 1% chance an earthquake will cause $50 billion of insured loss within the next 12 months and a 5% chance that a hurricane will cause $60 billion of insured losses next year. At RMS, we turn risks into real numbers. How? By building simulation models that allow insurers and investors to understand and manage their global risks--from hurricanes, quakes, and wildfires, to cyberattacks, terror attacks, and pandemics. Why? We want to build a more resilient world, and we're on a mission to help make every risk known.

        Insurers, reinsurers, investors, financial institutions, governments, and NGOs trust RMS solutions to better understand and manage catastrophe risks. RMS was founded in 1989 by Stanford scientists who created our first model for California Earthquake. Today, RMS has some 1,300 employees across 13 offices in the US, London, Bermuda, Zurich, India, China, Japan, Singapore, and Australia, and over 1,000 products and models now covering six continents.

        RMS helped pioneer the natural catastrophe model market we now lead - and we continue to innovate. In May 2019, we announced RMS Risk Intelligence--- (RI), an open-standard platform for strategic risk management. Through this purpose-built platform, clients can tap into RMS HD models, rich data layers, intuitive applications and APIs that simply integrate into existing enterprise systems to support business decisions across underwriting, risk selection, mitigation, and portfolio management.

        How we understand and manage risk affects everyone and our passion is nothing less than creating a more resilient world through a better understanding of catastrophic events. Join our team of leading scientists, developers, industry experts, and world-class professionals. Together, RMSers make a difference on a truly global scale.

        Visit to learn more and follow us on LinkedIn and Twitter.

        RMS is proud to be an equal opportunity workplace. We are committed to equal employment opportunity without regard to race, color, creed, gender, religion, marital status, registered domestic partner status, age, national origin or ancestry, physical or mental disability, genetic characteristics, sexual orientation, or any other classification protected by applicable local, state, or federal law.

        To all recruitment agencies: RMS does not accept unsolicited agency resumes and will not be responsible for the payment of placement fees related to unsolicited resumes submitted to open positions, job aliases, or to our employees.

        California Consumer Privacy Act notice

        US Applicants: RMS is enrolled in E-Verify-- and will be participating in E-Verify in addition to using our Form I-9 process.

Keywords: Risk Management Solutions (RMS), Newark , Manager, Procurement, Executive , Newark, California

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