Full-Time

Director – Procurement

Posted on 9/23/2024

bswift

bswift

1,001-5,000 employees

Streamlines employee benefits and HR administration

Consulting
Enterprise Software

Compensation Overview

$135k - $165kAnnually

+ Potential Bonuses

Senior

Remote in USA

Category
Procurement & Sourcing
Operations & Logistics
Required Skills
Supply Chain Management
Requirements
  • Bachelor's degree in Supply Chain Management, Business Administration, or a related field (Master's degree preferred).
  • Minimum of 12 – 15 years of progressive experience in procurement or supply chain management with at least 3 – 5 years in a management role.
  • Proven experience in managing large-scale procurement activities and supplier relationships.
  • Strong negotiation and contract management skills.
  • Excellent leadership and team management skills.
  • Strong analytical and problem-solving abilities.
  • Experience negotiating with and managing supply relationships with vendors in the technology industry; including an understanding of contract law in the technology industry.
  • Establishing appropriate procure-to-pay policies, processes and procedures.
Responsibilities
  • Collaborate with internal stakeholders to understand their procurement needs.
  • Working with internal business partners, develop and implement procurement strategies to optimize cost savings and operational efficiency.
  • Monitor market trends, competitor strategies, and market suppliers to ensure competitive pricing and quality.
  • Lead initiatives to source new suppliers and develop existing supplier relationships.
  • Manage relationships with key suppliers to ensure high levels of service, quality, and compliance.
  • Negotiate contracts, terms, and pricing agreements with suppliers, ensuring cost-effectiveness and quality assurance.
  • Conduct supplier performance evaluations and ensure ongoing risk management and mitigation.
  • In partnership with operations, monitor supplier performance and resolve any issues or disputes that may arise.
  • Oversee the procurement lifecycle, including requisitions, purchase orders, and compliance.
  • Ensure timely and cost-efficient delivery of goods and services.
  • Optimize procurement processes and implement technology solutions to improve efficiency.
  • Manage the contract approval, exception, and re-negotiation/renewal processes.
  • Educate end users on process for new suppliers/contracts; track and ensure compliance with approved contracts.
  • Lead stakeholder reviews with Senior and Executive Leadership as well as business leaders for high value contracts.
  • Respond timely to vendor information reporting as required by client contracts.
  • Create and publish procurement policies and procedures.
  • Track procurement savings, KPIs, and financial performance, reporting to senior management.
  • Ensure alignment with overall financial strategies to improve profit margins.
  • Develop, update, and report on Service Level Agreements, including distribution of metrics to Senior Leadership. Identify root causes of issues and drive to efficient resolution.
  • Ensure all procurement activities comply with company policies, industry standards, and legal requirements.
  • Lead initiatives to mitigate supply chain risks, ensuring business continuity.
  • Work closely with Legal and Infosec departments to ensure contract terms are in compliance with company standards.
  • Provide timely support for System and Organization Controls (SOC) audits and manage quarterly vendor reviews.
  • Lead and develop a high-performing procurement team, providing mentorship, training, and performance management.
  • Foster collaboration between procurement, finance, operations, and other key business functions.
  • Manage and mentor the procurement team (2 reports), providing guidance and support to achieve organizational goals.
  • Champion continuous improvement and innovation within the procurement function.

bswift simplifies the management of employee benefits and HR payroll for employers in the United States. They offer services like benefits enrollment and management, helping businesses of all sizes maximize the value of their benefits programs. What makes bswift different is their focus on client engagement and thought leadership, providing resources and hosting virtual events to assist clients. Their goal is to be a trusted partner for employers, ensuring efficient administration of employee benefits.

Company Stage

Growth Equity (Venture Capital)

Total Funding

$49.6M

Headquarters

Chicago, Illinois

Founded

1996

Growth & Insights
Headcount

6 month growth

43%

1 year growth

43%

2 year growth

43%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for personalized benefits solutions drives innovation in HR tech.
  • Shift towards virtual benefits administration supports remote workforces and streamlines HR processes.
  • Subscription-based models provide predictable revenue streams and scalable growth for bswift.

What critics are saying

  • Integration challenges with recent acquisitions may lead to operational inefficiencies.
  • New COO Amit Jain's strategic shifts may not align with client expectations.
  • Acquisition by Francisco Partners could result in unwelcome changes to company strategy or culture.

What makes bswift unique

  • bswift integrates behavioral science to predict employee needs and improve health outcomes.
  • The company offers a comprehensive suite of internal communication solutions post-acquisition of Davis & Company.
  • bswift's personalized engagement platform enhances employee satisfaction through data-driven personalization.

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