SVP Procurement
Company: GM Financial
Location: Fort Worth
Posted on: May 25, 2023
Job Description:
Overview
The SVP Procurement directs and oversees the Procurement function,
initiates and leads process improvement and automation initiatives,
evaluates sourcing alternatives, and manages vendor contract review
and approval. The SVP Procurement monitors internal controls and
ensures compliance. This position interacts with internal and
external personnel at all levels of organizations.
Responsibilities
JOB DUTIES
- Responsible for directing the strategic and operational
objectives of the Procurement department
- Develops departmental goals, strategies and objectives for
department
- Ensures that departmental processes/procedures are fully
documented and are in compliance with Company policy and aligned
with Company objectives and are in compliance with applicable
regulations
- Ensures the department personnel receive appropriate training
and development
- Oversees the contracting process, including vendor agreements
and adherence to Company policy with respect to Purchase Requests,
Purchase Orders, etc
- Coordinates vendor proposals, statements of work, and
quotations between vendors and GM Financial domestic and
international groups
- Ensures that legal concerns, service level and performance
deficiencies, and critical terms and conditions with contracts are
identified and resolved Proposes changes with contracts that
protect GM Financial's interests and resolves issues with
intern
- Ensures Procurement department implements, documents and
monitors internal controls and conducts reviews to document
effectiveness of controls and ensures that any needed changes are
implemented
- Develops strategic plans to facilitate a Procurement function
that is aligned with company objectives
- Perform other duties as assigned
- Conform with all company policies and procedures
Qualifications
Knowledge
- Deep experience with corporate technology landscape and
concepts
- Strong understanding of IT technology projects and
software/hardware maintenance contracts
- Experience with data, voice networks and negotiating large
telecommunication contracts
- Must be familiar with industry current vendor management and
relationship concepts, practices, and procedures
- Comprehensive financial analysis, including assessing contract
economics, costs and benefits of project proposals and outsourcing
activities
- Detailed understanding of safe harbor, model clause contracts,
and data protection requirements
- Detailed understanding of domestic and international privacy
regulations
- Knowledge of a variety of Procurement concepts, practices, and
procedures, including industry best practices
- Understanding of domestic and international privacy
regulations
- Familiarity with the CFPB, SSAE, GLB and model clauses
- Internal and external customers needs assessment, planning and
monitoring
Skills
- Ability to lead diverse team aligned with core values of the
organization, including integrity, teamwork, excellence and
inclusion
- Collaboration with cross functional leaders
- Relationship building across the enterprise and with multitude
of stakeholders
- Ability to analyze and evaluate complex contracts and
quotes
- Ability to manage multiple projects
- Advanced software applications (eg, Outlook, Word, Excel,
Lotus, Access, Internet, Email)
- Effective communication skills including oral, written and
presentation
- Must have tact and diplomacy in dealing with vendors and
internal customers
- Problem solver and action oriented
- Strong negotiating skills
- Using an internal budget control process
- Working effectively in a team environment
- Working in a cross functional team
Education
- Bachelor's Degree or equivalent work experience required
Experience
- Greater than 10 years Demonstrated progression in Procurement
required
- Greater than 10 years Management responsibilities required
#LI-WB1
SalaryThe base salary range for this role is: USD $189,600.00 to
$379,200.00. At GM Financial, we strive for transparency in all
aspects of our business, including pay equity. This is the GM
Financial pay range for this role and job level. The exact salary
and compensation will vary based on factors like knowledge, skills,
experience, and education. This role is eligible to participate in
a performance-based incentive plan. Full time employees are
eligible to participate in health benefits on day one of
employment.
Keywords: GM Financial, Fort Worth , SVP Procurement, Other , Fort Worth, Texas
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