Procurement Manager, Cost Optimization

Who we are

Corebridge Financial helps people make some of the most meaningful decisions they're ever going to make. We help them plan and take action to protect the future they envision and respond to some of life's most difficult moments through the solutions and services we provide.

We do this through our broad portfolio of life insurance, retirement, and institutional products, offered through an extensive, multichannel distribution network.

We provide solutions for a brighter future through our client centered service, breadth of product expertise, deep distribution relationships, and outstanding team of hardworking and passionate employees.

About the role

• Develop and implement strategies to optimize costs, quality, contract renewals, and cost out projects.
• Provide key negotiation and pricing advice to assigned Lines of Business on each transaction with an emphasis on delivering bottom-line financial savings and / or risk minimization.
• Demonstrate understanding of the client's business, objectives, and constraints when addressing their needs. Respond to clients with the appropriate sense of urgency and importance.
• Maintain necessary sourcing system data, metrics, and spend / savings analytics in support of departmental reporting and policy and procedure requirements.
• Partner closely with key business stakeholders and manage supplier relationships. Develop and share category-specific operational measurements.
• Conduct vendor audits to ensure compliance with company standards, policies, and regulatory requirements.
• Analyze procurement data to identify trends, improvements, cost-saving opportunities, and efficiencies.
• Identify and mitigate risks associated with our programs, including financial, operational, and reputational.
• Actively participate / lead Sourcing & Procurement initiatives that drive the continuous improvement of the Sourcing function at Corebridge.

What we're looking for :

• 10+ years of experience leading and managing Professional Services, Corporate Services, and / or Technology.
• 7+ years of experience practicing best-in-class procurement or operation processes (category management, benchmarking, TCO (cost models), RFX, reverse auction, contracting, etc.).
• BA / BS degree in business, IT, engineering, or supply chain required, graduate degree preferred.
• Strong knowledge of financial products, services, and industry regulations.
• Proven track record for executing Vendor Consolidation resulting in cost reductions, reduced complexity, and improved performance
• Excellent analytical, problem solving, and decision-making skills.
• Proficiency in procurement applications and tools, such as Ariba, Fieldglass, SAP.
• Proficient in Microsoft Office Suite (Excel, Word, PowerPoint, Power BI, Teams).
• Strong project management skills focused on customer experience.
• Strong ability to influence others with excellent written and verbal communication skills.
• Strong packaging and presentation skills with the ability to explain supply & demand levers and complex pricing & evaluation models.
• Strong interpersonal skills to drive stakeholder and team member relationships.
• Collaborate and influence cross-functionally with both internal and external stakeholders to drive change and deliver on Transformation and Continuous Improvement vision and objectives.
• Deep knowledge of sourcing & procurement strategic levers and tactics.

What our employees like most about working for Corebridge Financial

• We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation.
• Our "Giving Back" policy is at the core of our daily operations and guides our future progress. Don't believe us? We put our money where our mouth is! Corebridge Financial, will give you up to 16 hours a year paid time off to volunteer in the community.
• Our people are at the forefront of creating value for customers and stakeholders and therefore we provide a generous benefits plan and competitive pay.

Benefits

• Paid Time Off (Corebridge Financial recognizes the importance of work life balance). We offer 24 PTO days to start. YES, 24! 17 paid holidays per calendar year.
• A 401(k) Retirement Plan which will be HARD TO BEAT. Our 401K - $1 for $1 match up to 6% with immediate vesting, plus Corebridge Financial automatically contributes an additional 3% in to your 401K regardless of if you enroll or not.

For positions based in Jersey City, the base salary range is $123,000 - $163,000. For positions based in Woodland Hills, CA the base salary range is $130,000 - $172,000.

In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits.

LI-SB1 #LI-SAFG #LI-Hybrid

We are an Equal Opportunity Employer

Corebridge Financial, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment.

We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation.

At Corebridge Financial, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability.

Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit : www.corebridgefinancial.com

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities.

If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandI redacted .

Reasonable accommodations will be determined on a case-by-case basis.

We consider qualified applicants with criminal histories, consistent with applicable law.

Functional Area :

CS - Corporate Services

Estimated Travel Percentage (%) : Up to 25%

Relocation Provided : No

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