KeyBank · 2 hours ago
Procurement Strategist
Brooklyn, OH
Full-time
Hybrid
Mid Level
$71K/yr - $125K/yr
3+ years expKeyBank is seeking a Procurement Strategist to join their Corporate Procurement group. This role involves developing and implementing procurement strategies to drive cost savings and optimize spending for assigned lines of business, while also managing vendor negotiations and maintaining relationships with business partners.
Banking
Responsibilities
Develop, implement and own procurement strategies for assigned areas that drive cost savings, meet business needs, and optimize Key’s spend in that category
Provide innovative and strategic sourcing strategies that support the needs of the business and contribute to Procurement’s overall savings target
Act as primary point of contact for Procurement with senior management of assigned LOB/assigned area
Conduct vendor negotiations and oversee administration of contracts with a focus on risk mitigation for Key
Maintain and grow relationships with both internal and external business partners
Monitor and manage contract renewal and expiration to ensure sufficient time for renegotiation, termination, etc
Adhere to internal policies and processes; identify and escalate material issues in a timely manner
Identify opportunities for continuous improvement across procurement practices
Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key’s clients and Key
Qualification
Required
3+ years of relevant professional experience
Bachelor's Degree or equivalent experience
Developing and executing sourcing strategies tailored to specific spend categories to optimize value, reduce costs, and align with business goals
Using data to evaluate supplier performance, identify savings opportunities, and support decision-making through spend analysis and market intelligence
Understanding cost structures, budgeting, and financial modeling to assess supplier proposals and measure procurement's impact on the bottom line
Securing favorable terms and conditions with suppliers while maintaining strong, collaborative relationships
Building trust and alignment with internal clients, including senior leadership, to ensure procurement strategies meet business needs
Overseeing supplier relationships, performance, and compliance with contracts and service level agreements (SLAs)
Managing the end-to-end process of contract creation, execution, renewal, and termination in collaboration with legal and risk teams
Identifying, assessing, and mitigating risks associated with external vendors, ensuring compliance with internal and regulatory standards
Continuously evaluating and enhancing procurement processes to increase efficiency, transparency, and value delivery
Proficiency in tools like Ariba, Coupa, or Workday to manage sourcing, contracts, and supplier data
Using platforms like Excel, Power BI, or Tableau to present procurement insights and track key performance indicators (KPIs)
Applying critical thinking and structured approaches to resolve complex sourcing and operational challenges
Staying agile in a dynamic environment by embracing new technologies, trends, and evolving business needs
Incorporating environmental, social, and governance (ESG) principles into procurement decisions to support responsible sourcing
Preferred
Master's Degree in business administration or related field
Company
KeyBank
At KeyBank we’ve made a promise to our clients that they will always have a champion in us.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Chris Gorman
Chairman, Chief Executive Officer, and President, KeyCorp
Holly Santoro
Executive Administrator to the Chairman & CEO
Recent News
2023-08-28
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