Ryan Specialty · 13 hours ago
Director, Sourcing & Strategic Initiatives
Chicago, IL
Full-time
Onsite
Lead/Staff
$160K/yr - $200K/yrRyan Specialty is a leader in Sourcing and Procurement, seeking a Director to develop and execute category management strategies for global indirect procurement. The role involves optimizing spend, strengthening supplier relationships, and collaborating across teams to drive strategic procurement initiatives.
Financial ServicesInsuranceRisk Management
Responsibilities
Develop and execute sourcing strategies for sub-categories within IT and Non-IT ensuring alignment with the broader business goals and objectives of Ryan Specialty
Competitively source through engagement of strategic suppliers (i.e., RFx) and application of industry knowledge
Lead cross-functional projects within the Sourcing/Procurement function to address complex, high-impact challenges that support the organization’s strategic priorities
Coach and mentor junior team members to help build a cohesive and high-performing team
Collaborate with key internal stakeholders to understand business needs and create tailored sourcing strategies that deliver value across the firm
Support and deliver annual savings within the sourcing function
Support negotiations to ensure favorable contract terms that meet business requirements and assist with the execution of complex agreements and SLAs
Contribute to sourcing initiatives that drive innovation, cost savings, and operational efficiency in line with the firm’s broader business strategies
Partner with these teams to ensure sourcing strategies and supplier relationships align with the firm's compliance requirements and risk management frameworks
Qualification
Required
Develop and execute category management strategies for global indirect procurement sub-categories
Optimize spend and strengthen supplier relationships
Enhance colleague and client experience while driving value
Collaborate across teams to drive strategic procurement initiatives
Foster long-term, high-value vendor partnerships
Identify opportunities for cost savings, risk mitigation, and process optimization
Competitively source through engagement of strategic suppliers
Ensure all sourcing projects have clear objectives including financial and operational benefits
Lead cross-functional projects within the Sourcing/Procurement function
Coach and mentor junior team members
Collaborate with key internal stakeholders to understand business needs
Support and deliver annual savings within the sourcing function
Support negotiations to ensure favorable contract terms
Contribute to sourcing initiatives that drive innovation, cost savings, and operational efficiency
Partner with risk and compliance teams to ensure alignment with compliance requirements
Benefits
Paid time off for company holidays
Vacation
Sick and personal days
Paid parental leave
Mental health services
Company
Ryan Specialty
Ryan Specialty is an insurance firm that provides solutions for brokers, agents, and insurance carriers.
Founded in 2010
5001-10000 employees
Funding
Current Stage
Late StageLeadership Team
Katie Davies
CEO of JEM Specialty Underwriters, Technical Risk Underwriters and Per SE (Power.Energy.Risk)
Jeremiah Bickham
Executive Vice President, Chief Financial Officer
Recent News
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2025-12-09
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2025-11-04
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