Procurement Sourcing Specialist

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.

Blackstone Operating Team (BXOT)

The Blackstone Operating Team attracts dedicated experienced advisors, industry leading professionals, and passionate operators who are committed to building resilient, successful businesses across the globe. Our team works together with Portfolio Company leadership to develop and implement industry leading strategies in healthcare, cybersecurity, technology and data science, ESG and sustainability, and spend management with an emphasis on talent development and leadership. 

The Spend Management team supports over 240 global investment vehicles in the flagship Private Equity fund, Core, Tactical Opportunities, Infrastructure, Life Sciences, Energy, and Growth teams, with access to a group purchasing platform and best in class eSourcing team and center to unlock value creation and professionalize procurement organizations at those portfolio companies. The group purchasing platform leverages more than $30B of global spend across the Blackstone ecosystem of portfolio companies to drive value creation and differentiated service and quality for more than 75 indirect spend categories. 

Job Description

This role is an opportunity to support a formal procurement program across the portfolio with substantial adoption and impact year-over-year.  This is a proven initiative within Blackstone that now supports all business units. The focus will mainly be to help drive eSourcing capability, adoption, and deeper integration within and across existing portfolio companies, and on establishing it as a standard best practice with new Blackstone portfolio company investments.  

Responsibilities and Qualifications

The position requires excellent professional relationship building and management skills, and program management talent to institutionalize the program. Blackstone’s Sourcing Specialist will be responsible for driving significant growth of eSourcing impact across the global portfolio. In addition, responsibilities for this position include the following:

•Provide support for every possible need on eSourcing including: pipeline development, issue resolution, event strategy and execution, reporting, supplier engagement, etc.  
•Support a select group of portfolio companies in a deeper more hands-on approach to demonstrate leadership capability 
 
Qualifications:
•Significant experience executing strategic sourcing process for a large, complex, global corporation
•Deep experience with, and strong understanding of, all facets of the eSourcing value, process, and tools
•A proven track record of delivering distinctive eSourcing results across all types of capital, direct, and indirect spend categories
•The strategic, analytical, and interpersonal skills to act as an effective change agent, unlocking barriers to eSourcing institutionalization and impact across the portfolio globally
•Skilled at data analysis (Strong Excel and database skills a significant plus)

Strategic Sourcing Experience: 
•Expert understanding of, and significant experience with, multi-step strategic sourcing processes and category management strategies 
•Strong project management skills, including stakeholder, timeline, and meeting management talent
•Results-oriented with strong commercial judgment
•Embraces fact-based decision-making, seeks to leverage market data, spend analytics, and cost modeling  
•Comfortable with global projects; effectively facilitates stakeholder and supplier collaboration internationally 
•Interest in working within and across a large organization 
•Excellent teamwork and collaboration skills; strong listening skills
•Skilled in how to interact with internal customers; ensure frequent stakeholder communications for input and alignment; quickly and effectively identify situations requiring incremental stakeholder management
•Experience within a private equity or broad portfolio is a plus
•Builds long-term, trusting professional relationships with business unit leaders, engineers, and field/operations personnel
•Comfortable meeting with/presenting to executives and senior management 
•Adaptable, disciplined, and highly motivated individual;  motivates those around them
•BA required, with preference for those with degrees in Supply Chain Management, Business Administration or Engineering (MBA optional)
•Familiar with Ariba spend management suite/solutions or other providers is a plus
•Proficient in all MS Office applications.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please email Human Resources at [email protected].

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;

• Marketing Blackstone funds to new or existing clients;

• Supervising or training securities licensed employees;

• Structuring or creating Blackstone funds/products; and

• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.