Category Manager - Data, Online & Financial Services

 

Location
Princeton , United States

 

Your job

The Company

We’re adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

The Opportunity
As part of the Global Non-IT Procurement team, the Category Manager Data & Online Services and Financial Services is responsible for leading the creation, management and execution of the sourcing strategy for the following subcategories: financial market data, insurance related data, rating data and other data (all part of Data & Online Services), (self) insurances, letter of credits (LOC), banking fees (all part of Financial Services). The goal is to continuously optimize the categories to the satisfaction of all stakeholders involved based on the commitments from Central Procurement to create business value, enhance digitalization, and consider vendor and risk management.
To execute local, regional and global strategies effectively, and in collaboration with the global category team, the Category Manager Data & Online Services and Financial Services is required to:

Your Job

• Act as central strategic interface to the internal customers and key supplier manager for related procurement activities.
• Collaborate with, and support the Regional Category Manager to create and implement a comprehensive regional sourcing strategy for spend of assigned subcategories
• Execute strategic procurement processes, including market analysis, demand management and forecasting, formal tenders, evaluation of offers, contract negotiation and proposal of contract award and implementation
• Responsible for gathering and representing business and client requirements within the negotiations and contracting
• Prepare contracts in collaboration with the legal department and other specialist departments, if required
• Conduct spend analysis to define quantitative and qualitative optimization goals in the assigned subcategories and product groups
• Work as part of the Regional Non-IT Procurement team, and in close collaboration with the Global Non-IT Procurement team, in the development of sourcing and supplier strategies
• Deliver high quality procurement results and reporting
• Maintain centralized contract repository, completed contracts, SOW’s, addendum's for assigned subcategories
• Actively support Source-to-Contract (S2C) and Purchase-to-Pay (P2P) process automation and digitization objectives via utilization of global procurement platform (Coupa)
• Explore and adopt new areas of the business where Procurement can provide value

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

Your profile

Your profile

• BA (required)
• Certified Professional in Supply Chain Management (preferred)
• 5+ years relevant procurement experience or proven track record in related roles
• Experience in leading strategic sourcing projects in an international environment and ability to orchestrate cross functional negotiation teams
• Good knowledge across Data & Online Services subcategories, i.e., financial market data, insurance related data, rating data and other data
• Strong project management skills with proven experience in delivering category and sourcing strategies and projects, driven and directed by data.
• Proficient contract terminology and expertise in developing alternative clauses where necessary in cooperation with the in-house Legal Departments
• Experience at working both independently and in a team-oriented, collaborative environment
• Ability to balance risk and effort on regulatory and compliance requirements
• Technical expertise of the supported category strategy with a clear understanding of regional and global strategies effect on local markets.
• Entrepreneurial spirit, curiosity and openness to learn

At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

About us

Munich Re America Services, Inc. is a services provider to affiliated group companies primarily related to general services, procurement and IT services.