Senior Associate, Category Manager

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Date: Jan 5, 2021

Location: New York, NY, US

Company: New York Life Insurance Co

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.

 

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 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 
  • 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 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
  • Accountable for managing large strategic procurement initiatives and/or programs

 

Qualifications & Skills

  • Bachelor's degree in business or related field of study
  • 5-10 years relevant work experience
  • A recognized qualification in procurement would be considered an asset
  • Category Expertise – Demonstrates a high level of 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 
     

#LI –MM1

EOE M/F/D/V

 

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Job Requisition ID: 83068 


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