SENIOR ASSOCIATE, Labor Category Manager

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Date: Nov 10, 2022

Location: New York, NY, US

Company: New York Life Insurance Co

Location Designation: Hybrid 

 

 

When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

 

 

This Category Manager’s key responsibilities are to support the planning and development of over-arching category strategies and support the execution of these strategies. Categories in-scope for this role include all labor services - professional services, IT services, management consulting, and outsourced services. In addition to recommending appropriate procurement strategies and methodologies, the Category Manager supports the sourcing, negotiating, and contracting of goods and services. 

The Category Manager is expected to effectively collaborate with all relationship managers to provide coordinated and consistent customer service.  The Category Manager will also be expected to effectively interact with senior business partners and other relevant stakeholders including risk and legal to ensure proper risk mitigation and alignment with business objectives. 

 

Responsibilities: 

  • Articulate, influence and translate external market trends, along with internal business priorities, to develop category insights aligned with NYL objectives 
  • Help develop short and long term strategies and execute these strategies that leverage economies of scale and scope across the organization 
  • Understand overall spend and suppliers, as well as key clients, reporting structures and relationships within NYL and be accountable for the procurement goals and initiatives
  • Work directly with procurement relationship managers and stakeholders to develop a project pipeline and prioritization schedule 
  • Assist in the creation and communication of savings targets and programs based on knowledge of overall category and business unit strategy and  support savings execution.
  • Working with the manager, ensure senior level management understands the outcomes of proposed actions and manage the implementation of sourcing and contract initiatives, including the transparency of sourcing initiatives and related savings.

 

Qualifications: 

  • Bachelor's Degree in Business or related field of study
  • 5-7 years relevant work experience
  • A recognized qualification in procurement would be considered an asset
  • Category Expertise – Demonstrates category management expertise, including ability to articulate market trends, pricing drivers, supplier capabilities and delivery channels. 
  • Builds and maintains credibility as an expert within a specific category with key stakeholders 
  • Project Management – Demonstrates the ability to design, plan, and manage projects to deliver value-added solutions within defined time and cost parameters
  • Procurement Process Knowledge – Demonstrates understanding of relevant procurement processes (e.g., category management, strategic sourcing, contract management, purchasing)
  • Contract Analysis - Working with the appropriate SME, demonstrates ability to translate commercial negotiations into contract documents 
     

 

 

Salary range: $72,500-$107,500 

 

Overtime eligible: Exempt 

 

Discretionary bonus eligible: Yes 

 

Sales bonus eligible: No 

 

Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.

 

 

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

Job Requisition ID: 87602

 

 

 


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Nearest Secondary Market: New York City

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