Full-Time

Principal – Procurement Lead

Posted on 10/25/2024

Ares Management

Ares Management

1,001-5,000 employees

Global alternative investment management firm

Venture Capital
Financial Services
Real Estate

Compensation Overview

$200k - $230kAnnually

+ Bonus

Senior

Los Angeles, CA, USA

Based in Los Angeles.

Category
Procurement & Sourcing
Operations & Logistics
Required Skills
Business Analytics
Requirements
  • B.S./B.A. degree in Business (or other related degree programs), MBA preferred
  • 10+ years of Strategic Sourcing/Procurement experience, Performance Measurement, Contract Negotiation, Project Management, Category Management, Business Analytics, Change Management
  • Strong knowledge of category management, strategic sourcing, and supplier relationship management processes
  • Proven track record in delivery of complex, cross-functional sourcing and procurement initiatives on time and on budget
  • Demonstrated success in leveraging company-wide spend by ensuring the implementation of global/international agreements
  • Knowledge and experience with best practice processes, tools, and procurement/spend systems data and analysis
  • Strong organizational, planning and problem-solving skills – multi-task oriented with strong attention to detail
  • Strong people management, development and coaching experience
  • Excellent interpersonal skills to facilitate change management with colleagues and key stakeholders (perceptive and adaptable)
  • Excellent verbal and written communication and negotiating skills
  • Must be able to interface at all levels of the organization and with suppliers to solve problems when facing evolving demands
  • Knowledge and experience of strategic sourcing processes, organization, technology required. Nationally recognized professional certification preferred (Certified Purchasing Manager or Certified Professional Contract Manager)
  • Experience being on a project team implementing new technology and/or enterprise level process change a plus.
Responsibilities
  • Provides overall direction to the Sourcing and Procurement Organization including efforts to reduce costs, mitigate risks, improve spend compliance and establish best practices
  • Monitors and measure Sourcing and Procurement Organization effectiveness against established performance metrics
  • Develops a highly qualified and effective Sourcing and Procurement Organization
  • Facilitates change management with colleagues and key stakeholders throughout the system
  • Monitors and enforces compliance to existing processes and policies and develops new policies and procedures in the areas of category management, sourcing, supplier relationship management and purchasing
  • Approves high dollar contracts and purchase orders
  • Identifies large-scale business opportunities and improvement initiatives that support system strategic objectives while maximizing profitability
  • Drive use of procurement practices and standardization of procurement processes while minimizing supply risk
  • Originates new concepts and innovative approaches for the organization; develops skills of supporting team and provides performance review reporting
  • Influences large strategic sourcing and purchasing decisions
  • Prepares and recommends operating and personnel budgets for approval. Monitors spending for adherence to budget, recommends variances as necessary
  • Establish KPI/Metrics and reporting

Ares Management is a global alternative investment manager that offers a variety of investment solutions across different asset classes, such as credit, private equity, real estate, and infrastructure. The company works with a wide range of clients, including institutional investors, corporations, and wealthy individuals, providing them with both primary and secondary investment opportunities. Ares Management's approach focuses on generating consistent returns by adapting to various market conditions and providing flexible capital to support businesses. This strategy helps create value for both stakeholders and communities. The company earns revenue through management fees, performance fees, and investment income from the funds it manages.

Company Stage

IPO

Total Funding

$3.2B

Headquarters

Chicago, Illinois

Founded

1997

Simplify Jobs

Simplify's Take

What believers are saying

  • Ares' acquisition of BootstrapLabs enhances its AI strategy and operational efficiencies.
  • The $1.4 billion private credit deal with Blackstone showcases Ares' large-scale investment capabilities.
  • Expansion into Australia's private equity secondaries market opens new growth opportunities.

What critics are saying

  • Increased competition in private credit could squeeze Ares' profit margins.
  • Potential overvaluation in logistics real estate may impact future returns.
  • Departure of key personnel could disrupt operations and client relationships.

What makes Ares Management unique

  • Ares Management offers diverse investment solutions across credit, private equity, and real estate.
  • The firm provides flexible capital to support businesses and create stakeholder value.
  • Ares leverages a collaborative investment approach to generate returns in various market cycles.

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