Full-Time

Director – Procurement

Posted on 10/10/2024

AssetMark

AssetMark

501-1,000 employees

Third-party asset management platform for advisors

Consulting
Financial Services

Compensation Overview

$135k - $160kAnnually

+ Variable Incentive Compensation

Senior

No H1B Sponsorship

Phoenix, AZ, USA

Hybrid work schedule; candidates must be close to the office in Phoenix, AZ.

Category
Procurement & Sourcing
Operations & Logistics
Required Skills
Market Research
Supply Chain Management
Requirements
  • Bachelor’s degree in Supply Chain Management, Business Administration, or a related field
  • 5+ years of experience in sourcing, procurement, or supply chain strategy roles
  • Demonstrated experience in developing and implementing procurement strategies that deliver measurable business impact
  • Experience with procurement tools and technologies (e.g., ERP systems, procurement software)
  • Strong knowledge of supplier relationship management, contract negotiation, and cost optimization
  • Excellent communication, negotiation, and stakeholder management skills
  • Strong analytical and problem-solving abilities, with a keen understanding of market trends and risk management strategies
  • Leadership skills with the ability to manage a team and foster a collaborative environment
  • Candidates must be legally authorized to work in the US to be considered. We are unable to provide visa sponsorship for this position.
Responsibilities
  • Create a long-term procurement and sourcing strategy that supports business growth, enhances cost-effectiveness, and ensures the procurement of high-quality products and services
  • Establish and maintain strong relationships with key vendors, ensuring high performance in terms of quality, cost, and delivery
  • Identify cost-saving opportunities without compromising quality by implementing effective sourcing tactics
  • Conduct market research to stay informed about industry trends, supplier capabilities, and market pricing dynamics
  • Design and implement procurement processes, tools, and technologies that streamline workflows, reduce lead times, and improve supplier performance
  • Develop and implement risk management strategies to mitigate potential supply chain disruptions, ensuring continuity of supply in both day-to-day operations and during crises
  • Work closely with internal teams such as Legal, Finance, and Operations to align procurement activities with overall business objectives

AssetMark provides a platform for third-party asset management aimed at supporting financial advisors. The platform offers a variety of investment solutions, advanced technology, and consulting services that help advisors manage wealth and investment options for their clients. By acting as an extension of the advisor's team, AssetMark allows financial advisors to deliver customized guidance and improve client experiences. Unlike many competitors, AssetMark focuses on personalized support and business efficiency, enabling advisors to concentrate on growing their practices. The company's goal is to empower financial advisors to navigate the complexities of wealth management effectively.

Company Stage

IPO

Total Funding

N/A

Headquarters

null, California

Founded

1996

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for personalized financial planning drives growth in wealth management.
  • Strategic acquisitions, like Morningstar's TAMP assets, expand AssetMark's investment solutions.
  • AI integration enhances client engagement and personalized investment strategies.

What critics are saying

  • Integration challenges from Morningstar's TAMP acquisition may disrupt service delivery.
  • Competition from AI-driven platforms could challenge AssetMark's market position.
  • Rapid expansion may strain operational resources and affect service quality.

What makes AssetMark unique

  • AssetMark integrates AI to enhance personalized investment strategies for financial advisors.
  • The company offers a comprehensive suite of investment solutions and consulting services.
  • AssetMark's strategic alliances expand its service offerings and client base.

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