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Senior Associate, Category Manager

Location Designation: Hybrid - 3 days per week 

 

Business Overview:

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. 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 service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. 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.

 

Role Overview:

This Category Manager’s key responsibilities are to i) lead the planning and development of over-arching category strategies, and ii) support the execution of these strategies. Categories in-scope for this role include all labor services - professional services, IT services, management consulting, outsourced services and third-party administration services. In addition to recommending appropriate procurement strategies and methodologies, the Category Manager works under the guidance of the Category Lead Manager and 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 business partners and other relevant stakeholders including risk and legal to ensure proper risk mitigation and alignment with business objectives.

 

What You’ll Do:

  • Articulate, influence and translate external market trends, along with internal business priorities, to develop category insights aligned with NYL objectives 

  • Develop short and long term strategies and oversee execution of such 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

  • Ensure 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

  • Accountable for managing strategic procurement initiatives and/or programs

 

What You’ll Bring:

  • Bachelor's degree in business or related field of study

  • 3-5 years relevant work experience

  • A recognized qualification in procurement would be considered an asset

  • Category Expertise – Demonstrates category management expertise, including articulating 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 

 

Join Strategic Capabilities and collaborate with a winning team developing and executing game-changing business strategies, informed by cutting-edge data and competitive insights. Fuel business growth through smart acquisitions, innovative partnerships, and impactful technology integration. Leverage AI and strategic data management to bring ideas to life, all while ensuring effective governance and project management.

 

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Pay Transparency

Salary Range:  $95,000-$130,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

 

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

 

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

 

Our Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.

 

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. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

 

 

Job Requisition ID: 90777

 

 

 

About NY Life Insurance Company

Diversity & Humanity–two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. At New York Life you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth. The strength of New York Life revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance, and we want you to be a part of our legacy.

As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of a diverse team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.

You are our future, and we commit to investing in you accordingly.

Visit our Linkedin to see how our employees and agents are leading the industry and impacting communities.

Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.

Required Legal Notices – All Candidates Please Click Here


Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

Job Segment: Strategic Sourcing, Outside Sales, Procurement, Project Manager, Marketing, Operations, Sales, Technology

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