Senior Procurement Associate

BAIN CAPITAL OVERVIEW:

With approximately $185 billion of assets under management, Bain Capital is one of the world’s leading private investment firms. We create lasting impact for our investors, teams, businesses, and the communities in which we live. Over four decades we have strategically grown our platform to focus on Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. Today, our team includes 1,880+ employees in 24 offices on four continents. 

We partner differently to help people and companies embrace possibility and realize potential. Founded as a private partnership in 1984, we have fostered a culture of innovation, entrepreneurialism, and agility, empowering our people to define and own their career trajectories. Today, our partnership approach enables us to pursue strategic growth, build enduring relationships with a robust external network, and collaborate across our integrated platform to connect the deep and diverse expertise that unlocks breakthrough insights.

Our people are the heart of our advantage. Colleagues at all levels have a seat at the table as they tackle business challenges with a principal investor mindset. By asking incisive questions, respectfully challenging one another, and remaining intellectually agile, we work together to achieve exceptional outcomes. 

DESCRIPTION:

This individual will have several components of responsibility:

• Global category lead for several categories of indirect spend. The ideal candidate will be well versed in multiple categories. Specific experience with Facilities and Finance is helpful but not required.  Category responsibilities include sourcing, contracting, supplier management, stakeholder partnership, and issue management in designated categories

• Purchase Order Process Lead – Collaborate with AP to support stakeholders and suppliers throughout the P.O. process. Work with leadership to improve and expand payment processes to drive efficiency and enhance reporting capabilities.

• Supplier Diligence & Background checks – Partner with Research and Vendor Risk teams to execute diligence on suppliers. Support supplier diversity initiatives and related data collection.

• General Procurement projects – ad-hoc support for a diverse range of Procurement initiatives. The selected candidate will have the opportunity to collaborate with other members of the procurement team to develop and improve team processes, enhance reporting, learn about additional categories, and partner with Legal teams – to name just a few.  

With the bulk of time spent on the category lead role, this individual will manage multiple contract negotiations and strategic sourcing initiatives (e.g. RFPs) at any given time. The selected candidate will partner with stakeholders globally at all levels, document results, manage escalations, and highlight concerns for various stakeholder parties including but not limited to Legal, Vendor Risk and Compliance. 

We are a truly collaborative team and culture that values strong project management, attention to detail, strategic thinking while also having the grit to get the tough stuff done, and a good natured spirit. We have unlimited value creation opportunity and are very proud of the work we do and what we’re able to accomplish each year. We motivate each other to keep learning and stretching and support each other through challenges. A truly unique and rewarding opportunity.

RESPONSIBILITIES:

• Execute sourcing initiatives and lead RFPs based on identified opportunities

• Lead the contract review process for assigned categories; team with Legal counsel to develop contracts ensuring quality and adherence to Legal and Bain Capital standards

• Identify, establish, and maintain relationships with key stakeholders

• Create innovative and stakeholder informed category strategies

• Drive continuous improvement activities within assigned spend portfolio - optimize internal demand / specifications and optimize supplier services / products

• Identify areas of opportunity that relate to assigned categories outside of today’s accountabilities; collaborate with appropriate stakeholders to yield value for Bain Capital

• Contribute to the development and improvement of the department’s strategic, operational, and tactical processes

• Identify areas of rogue or maverick spend and seek to consolidate; globally as appropriate

• Ensure data integrity in all procurement systems for designated areas of spend

• Conduct diligence on new suppliers and project manage onboarding of them

• Contribute to the documentation of initiatives and supplier records in Procurement’s systems

QUALIFICATIONS:

• Degree qualified in relevant discipline or equivalent work experience

• 3+ years Procurement experience with most of those in sourcing roles

• Excellent written and verbal communication, leadership, project management, and organization skills required

• Experience with enterprise procurement platforms that support sourcing, supplier management, and end-to-end procurement operations preferred.

• Excellent negotiation skills with the ability to manage and develop supplier relationships

• Strong skills in problem identification, analysis, and resolution

• Must be comfortable creating presentations using Microsoft PowerPoint and presenting to stakeholders and senior leadership

• Knowledge and experience in principles, practices and trends of indirect category environments and related procurement policies, applicable laws and competitive solicitation practices.

• Comfortable with ambiguity and enjoys managing multiple projects and complex situations

• Strong business acumen, demonstrated ability to work as part of a team, ability to strategically link long-range business goals to daily activities, demonstrated ability to work with others to develop talent for the organization, and desire to use organizational knowledge to assist and influence others to specific action

Bain Capital is an equal opportunity employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.