PanAgora Asset Management · 1 day ago
Senior Director Indirect Technical Procurement
United States
Full-time
Remote
Director/Executive
$152K/yr - $220K/yr
15+ years expPanAgora Asset Management is committed to transforming financial lives by providing a flexible work environment. The Senior Director of Indirect Technical Procurement will manage and optimize procurement strategies for non-technical categories while leading a high-performing team to drive cost savings and build supplier relationships.
FinanceFinancial Services
No H1B
Responsibilities
Develop and drive the end-to-end strategy for indirect procurement (non-tech categories such as Facilities, Marketing & Advertising agencies, Travel, Professional Services, HR Services, Office Supplies, Utilities, Facilities Management, etc.), including all sourcing, vendor management and contract management functions
Lead category management across major non-tech indirect spend categories: conduct spend analysis, supplier optimization, supplier market intelligence, sourcing strategy, negotiation, contract & supplier performance management
Establish and maintain strategic supplier relationships; negotiate best-in-class agreements and SLAs; ensure service levels, continuity and value for money
Partner with internal stakeholders (Finance, Legal, HR, Marketing, Facilities, Business Unit leaders) to align procurement strategies with business objectives, influence budget owners, and ensure procurement governance, compliance and controls
Deliver cost-savings and value creation: identify sourcing & rationalization opportunities, implement cost avoidance initiatives, monitor savings pipelines and deliver measurable results
Develop and drive procurement policies, processes and controls for indirect spend: governance, ethics, supplier diversity, ESG/inclusion, compliance
Lead process improvement, digitization and operational excellence in procurement: adopt e-sourcing, contract-lifecycle management, purchase-to-pay and 3-way matching automation and reporting tools
Build, lead and coach the procurement team: define organizational structure, recruit talent, set performance objectives, mentor staff, and instill continuous improvement mindset
Identify and mitigate risks in the indirect supply base: supplier risk, market/commodity risk, business continuity, contract risk
Establish and monitor procurement performance metrics (KPIs) for indirect categories: cost savings, contract compliance, supplier performance, cycle-times, stakeholder satisfaction; report to senior leadership and adjust strategy accordingly
Support the company’s growth, scalability and agility through procurement: ensure the indirect sourcing function is scalable, flexible and aligned with business change
Qualification
Required
Bachelor's degree in Business, Supply Chain Management, Finance, Procurement, or related field
Significant experience (typically 15-25+ years) in procurement or strategic sourcing, with extensive leadership experience in indirect/non-product categories
Demonstrated track record of delivering cost savings, value creation, leading category strategies and managing indirect spend at enterprise scale
Strong negotiation skills, contract management and supplier relationship management in non-tech / indirect categories
Excellent analytical skills: ability to perform spend analytics, market intelligence, cost modelling and supplier benchmarking
Experience implementing procurement technologies (e-sourcing platforms, contract management systems, P2P/ERP integration)
Strong leadership and team-building capabilities: able to lead and influence cross-functional teams, manage change and drive transformation
Strategic mindset, with hands-on execution ability; able to thrive in a dynamic environment
Excellent stakeholder management skills: able to communicate, influence and engage with senior business leaders and various functions
Deep knowledge of indirect procurement best practices and specialized categories (facilities, professional services, travel, marketing, etc.)
Preferred
Advanced degree (MBA) or professional procurement certification (e.g., CPSM, CIPS, Lean Six Sigma)
Experience with global procurement and multi-currency/multi-region procurement for indirect services
Strong background in transformation: digital procurement, process automation, category rationalization
Experience driving supplier diversity, sustainability (ESG), and ethical sourcing in non-tech categories
Experience working with large ERP systems (e.g., SAP, Oracle) and procurement applications (Ariba, Coupa)
Ability to build procurement function from scratch or mature an existing one to best-practice status
Excellent business acumen: able to speak the language of operations, finance, services, not just sourcing
Benefits
Medical, dental, vision and life insurance
Retirement savings – 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
Tuition reimbursement up to $5,250/year
Business-casual environment that includes the option to wear jeans
Generous paid time off upon hire – including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
Paid volunteer time — 16 hours per calendar year
Leave of absence programs – including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
Business Resource Groups (BRGs) – BRGs facilitate inclusion and collaboration across our business internally and throughout the communities where we live, work and play. BRGs are open to all.
Company
PanAgora Asset Management
PanAgora Asset Management is a quantitative investment manager whose proprietary approach is designed to capitalize on inefficiencies across market cycles and to deliver relative and absolute returns through distinct and innovative equity, multi-asset and risk premia strategies.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Eric Hevering Sorensen
CEO
Recent News
2025-10-31
2025-08-14
2025-07-04
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