Vice President, Global Category Management IT Labor & Services (Hybrid) at Prudential Ins Co of America in Newark, New Jersey

Job Description:

Job Classification:

Corporate - Human Resources

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions!

Reporting to the Vice President – Global Technology Category Management & Sourcing, the VP – Global Category Management IT Labor & Services is accountable for developing, managing, and executing the sourcing strategy across the IT Labor & Services category of spend globally for Prudential. This leader will be an integral member of the IT Procurement leadership team.

What you can expect:

• Leadership of the IT Labor & Services of team of 6+ employees, management of $600M annual spend globally and supporting global technology (GT) in setting strategic direction, and identifying, prioritizing, and pursuing short- and long-term sourcing opportunities.


• Leading a high performing team in the sourcing of suppliers against business requirements for complex, high risk and/or enterprise critical engagements that may have significant impact to Prudential’s operations or profitability.


• Be a member of the extended Global Sourcing & Procurement senior leadership team and be tasked with gaining a deep understanding of the business strategy to ensure resulting sourcing strategies are in place to drive the greatest value from the external marketplace. Establishing yourself as a business partner to the Global Technology senior leadership team with the ability to establish meaningful relationships and adapt to the challenger model.

Impact:

• Lead sourcing strategies that support business requirements, develop savings targets, and drive value across the IT Labor & Services category.


• Drive thought leadership for sourcing of categories by leveraging market and industry intelligence, trends, innovation, and best practices.


• Develop and lead a team of high performing category strategic sourcing professionals who are responsible for identifying, prioritizing, and pursuing short and long- term opportunities for the IT Labor & Services IT spend category.


• Develop category strategies that reflect and maximize Prudential’s buying power, focus on service quality/performance and minimize risk exposure. Lead negotiation process for complex, high value transactions.


• Collaborate with all levels of management, manage strategic suppliers to achieve optimal value/service/pricing and ensure our strategic direction, operational and quality goals are achieved.


• Actively participate in achieving the organization's ESG goals including but not limited to Supplier Diversity and Sustainability.

What you’ll need:

• Bachelor’s Degree


• MBA or advanced degree and / or relevant supply management certifications desirable.


• 12+ years in a strategic sourcing function with experience across multiple IT spend categories, with IT Labor specifically


• 5+ years of management experience, leading through both authority and influence; including a proven ability to recruit, develop and retain key talent.


• Proven ability to implement sourcing and procurement strategies, concepts, and governance.


• Strong and up to date expertise in IT category sourcing including vendor base (market leaders and niche providers), service offerings/differentiation, cost and savings drivers and leading practices/market trends.


• Strong, approachable executive presence, ability to influence executives and to foster productive working relationships with a diverse group of partners and peers.


• Excellent contract/vendor negotiation preparation and execution skills to achieve desired outcomes from supplier negotiations.


• Experience managing change across multiple stakeholder groups.


• Superior analytical ability to quickly gather facts, perform root cause analysis and draw conclusions.


• Strong conceptual thinking skills with adeptness to lead others through ambiguous and/or complex issues.


• Superior negotiation and collaboration skills to influence senior leadership on strategic direction, business case value proposition and sourcing recommendations.


• Ability to build consensus and act as an independent arbiter to achieve sourcing outcomes that meet business requirements without sacrificing service or increasing risk/cost.


• Superior oral and written communication and interpersonal skills for interaction with senior leadership.

What we offer you:

• Market competitive base salaries, with a yearly bonus potential at every level


• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave


• Retirement plans:


• 401(k) plan with company match (up to 4%)


• Company-funded pension plan


• 
  Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs


• 
  Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.


• 
  Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.


• 
  Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.

To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

#LI-HYBRID

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $183,700.00 to $248,500.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:

If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.

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