Full-Time

VP – Global Procurement & Vendor Management

Posted on 11/19/2024

Pacific Life

Pacific Life

1,001-5,000 employees

Financial Services

Senior, Expert

Newport Beach, CA, USA

This role is on-site or hybrid in our state-of-the-art Newport Beach headquarters.

Category
Procurement & Sourcing
Operations & Logistics
Requirements
  • Bachelor’s Degree, MBA or advanced degree preferred
  • Knowledge of and proficiency in ERP and Procurement system
  • 10+ yrs of relevant experience in finance industry with at least 5+ yrs of people management
  • Global mindset of sourcing and procurement processes across all functions (sourcing, contract management, vendor management, procurement, TPRM)
  • Strategic and organizational agility with strong project management skills
  • Willing to take on new assignments and opportunities that stretch skills
  • Ability to motivate and influence others inside and outside of own organizational hierarchy
  • Ability to build relationships and work effectively with internal customers of PL and their management
  • Ability to deal with change and ambiguity effectively
Responsibilities
  • Develop and execute the vision of the Procurement/Vendor Management/Third Party Risk Management (TPRM) Global Strategy.
  • Manage all strategy initiatives across the enterprise including Sourcing/Category Management, Vendor Management, Contract Management, TPRM and Procurement Operations.
  • Collaborate and partner with business partners and their vendors to continuously assess future state business needs.
  • Establish standard processes, policies, controls, governance, and performance management which aligns with PL’s objective to boost customer service to internal partners/key stakeholder in the organization.
  • Lead a high-performance culture and ensure proper implementation of leading edge procurement /vendor management capabilities.

Company Stage

N/A

Total Funding

$189.4M

Headquarters

Newport Beach, California

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • The enhancement of annuity features to address retirement income needs positions Pacific Life as a leader in providing flexible and protective financial products.
  • Strategic partnerships, such as with T. Rowe Price and Selerix, demonstrate Pacific Life's ability to innovate and adapt to market demands.
  • The company's strong community focus and ethical culture contribute to a positive work environment and long-term value.

What critics are saying

  • The competitive landscape in financial services and insurance could challenge Pacific Life's market share and growth.
  • Integration of new technologies and partnerships may face operational hurdles, impacting efficiency and customer satisfaction.

What makes Pacific Life unique

  • Pacific Life's integration with Selerix for real-time benefits administration sets it apart by offering a seamless digital experience for brokers and HR teams.
  • The company's recognition as one of America's 50 most community-minded companies highlights its commitment to corporate citizenship, distinguishing it from competitors.
  • Pacific Life's collaboration with T. Rowe Price on lifetime income solutions showcases its innovative approach to retirement planning.

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