Pay Philosophy
The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
Description
This position will offer a hybrid work structure out of either our Boston or Portsmouth, NH office, 2 days in office, 3 days from home.
Job Summary
Liberty Mutual has an exciting opportunity for an experienced leader of Third-Party Data Procurement. In this role, you will be accountable for the development and advancement of the Third-Party Data Category and the associated supplier spend management strategies that support key business priorities, resulting in significant cost savings, service/quality and process improvements. The Director of Category Strategy will be the category leader and key stakeholder relationship manager for Third-Party Data across the Enterprise. This position will act as an advocate and change-manager for the value of strategic, forward-thinking Procurement throughout Business Units and Functional Areas by demonstrating deep category knowledge and partnering with stakeholders on the Strategic Sourcing process. This role will work closely with Sr. leaders across the Enterprise to develop and implement effective and efficient cost reduction strategies in the supplier data portfolio. This is a people leader role and is expected to lead cross-functional, direct reporting and non-reporting teams and is expected to be both player and coach.
Responsibilities
- Lead a team of Category Strategists focused on the Procurement of Third-Party Data elements as well as the technology infrastructure to support the data ecosystem.
- Develop relationships and work with key business partners and senior leaders throughout Liberty Mutual to understand strategic direction, supply requirements and business objectives and priorities.
- Build reputation as a subject matter expert
- Develop, implement and lead the Third-Party Data Control Tower
- Identify and prioritize sourcing initiatives through annual Category Planning process. Work collaboratively with Functional Area and Business Group partners to conduct opportunity identification and prioritization.
- Develop sourcing strategies and lead negotiation of data products, from data elements to data platforms/technology infrastructure. Steps in the process may include: internal assessments of Liberty Mutual current and future needs, assessments of market trends and supply base, understanding of supplier economics, agreement on optimal relationship between Company and prospective suppliers, assessment of total cost of ownership, review of opportunities to leverage changes in process, systems and products to lower that cost, development and implementation of communication strategies for key stakeholders on overall process, timing and end products.
- Champion early engagement of Procurement organization to enable an increase of spend under management in order to maximize our collective Enterprise efficiency and effectiveness.
- Provide guidance on monitoring supplier performance against contractual terms and conditions, assess supplier financial health and develop risk mitigation plans for critical and preferred suppliers. Measure annual productivity improvements in the category through establishment of key performance metrics and tracking of results.
- Responsibility Oversight: Manages at least USD $400-600M, Category Complexity: High, Contracting volume: High
- Effectively manage several projects and associated resources to generate at least 5-10% in cost benefit annually
Qualifications
- Bachelor`s degree (preferably in Business) or equivalent experience. At least 10+ years experience in related field.
- Deep understanding of third-party data, suppliers and products.
- Understanding of Project Management methodologies.
- Experience interacting with and defending positions with stakeholders and senior management.
- Leads through empowerment and instills sense of responsibility and self-discipline in subordinates.
- Effectively influences, collaborates, and partners with business leaders across multiple business units and functions to drive outsized results.
- Develops solutions to complex problems. Regularly uses a data-driven approach with ingenuity and innovation to develop solutions that are consistent with organization objectives.
- Very strong analytic and negotiation skills are a must.
- Superior communications, interpersonal and presentation skills with strong influencing and persuasive abilities.
- Expertise in MS Office including Excel, Word and PowerPoint. Working knowledge of online sourcing tools (ideally Ariba).
About Us
As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.
We are proud to support a diverse, equitable and inclusive workplace, where all employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
Fair Chance Notices
