Head of Procurement Operations

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.

Summary of role

• Responsible for oversight and day-to-day management of Procurement Operations providing guidance, coaching and support to drive team performance and a culture of continuous improvement

• Implement best practices and standard processes that streamline procurement operations, drive efficiencies & automation that reduce costs while maintaining quality standards.

• Develop and implement comprehensive procurement strategies aligned with company goals as well as key performance indicators (KPIs) to monitor procurement performance, and identify areas for improvement/corrective action.

• Establish and maintain strong relationships with key stakeholders, Accenture shared services, IT, and suppliers to ensure business objectives are supported in a timely manner.

• Monitor market trends and industry developments to identify potential risks, opportunities, and innovative solutions for procurement technology and operations.

• Drive supplier performance management by conducting regular supplier evaluations and risk assessments ensuring compliance with technology, risk and controls (TRC) polices.

• Drive supplier diversity program to ensure company diversity and inclusion targets and  state/federal compliance reporting requirements are met.

• Collaborate with finance and accounting teams to ensure accurate budgeting, forecasting, and cost control measures are in place.

• Procurement Operations team is responsible for following areas:

  • Ariba:

    • Oversee Ariba source-to-pay (S2P) program with annual PO spend of ~$400M

    • Support all sourcing activities including ATI, sourcing project, and legal engagement

    • Manage integrity of Contract Workspace as its source of truth for CRBG

    • Ensure timely processing of requisitions, purchase orders, invoices, etc

    • Owner of Accurate and Integrated Data of Contracts and Vendors

    • Ongoing Contract/Vendor Profile Maintenance to Ensure continuous accuracy and maintenance updates for all third-party profiles

  • Fieldglass:

    • Manage 9200+ Non-Employees Workers including onboarding & offboarding

    • Oversee all services contracts with annual Statement of Works (SOW) spend of ~$425M

    • Ensure timely processing of workers, eForms, SOW, invoices, etc.

  • Concur:

    • Oversee user administrator tools, reports, imports/exports, forms, workflows, audit rules, etc.

    • Estimated Concur Travel & Expense to be ~$20M.

    • Timely and accurate processing of employee expense claims ensuring adherence with company policy and compliance.

  • Cvent / Meetings & Events:

    • Manage meetings & event program including related policy with customers across multiple events

    • Estimate for 2024 is 77 meetings & events/sponsorship totaling about $17.3M.

    • Maintain processes such as registration, approval workflow, venue sourcing, and reconciliation.

    • Track usage to ensure program costs are within budget

    • Perform reconciliations to ensure intercompany chargebacks are accurately reported

    • Establish & measure operating model for Accenture SAM managed services.

  • Travel:

    • Oversee Global Travel Management Company’s (TMC) managed services model

    • Support strategic policies and programs for Corporate Travel

    • Establish strategies with key Global Travel suppliers; i.e.: airline, hotel, car rental, agency and online booking suppliers. 

    • Measure and monitor performance to drive optimal value to Corebridge.

    • Monitor Traveler compliance in all aspects of Travel Standard

  • Corporate Card:

    • Program administrator for Global Card Program (~$18M annual spend), including: Travel & Entertainment Card, Meeting card, Purchasing Card, VCA & Ghost Card – (for US, UK, and IE)

    • Provide T&E reporting and analytics for key business stakeholders to help drive best practice and savings.

    • Ensure daily processing activities, procedures and tasks are managed efficiently and are adhered to, including compliance & reconciliations

  • Aviation:

    • New program being established – Develop and manage policy, supplier, governance, and operations.

  • Supplier Diversity:

    • Oversee supplier diversity program including policy and reporting requirements

    • Expand the program to include Tier 2 spend tracking to meet the 3.5 % Corporate target for diverse supplier spend

Requirements:

• Master’s degree in business administration, Supply Chain Management, or a related field.

• Minimum of 20 years of experience in procurement, technology, and/or strategic sourcing.

• At least 10 years of Project Management experience; PMP preferred.

• Proven track record of successfully leading and managing global procurement teams in a fast-paced and dynamic environment.

• Strong negotiation skills and experience in managing supplier relationships to drive value, quality, and cost savings.

• Excellent analytical and problem-solving abilities, with a data-driven approach to decision-making.

• Demonstrated ability to develop and execute procurement strategies that align with business objectives and deliver measurable results.

• Solid understanding of risk and controls, compliance standards, and industry best practices.

• Exceptional communication and interpersonal skills, with the ability to influence and collaborate effectively with stakeholders at all levels.

• Proven ability to drive change, lead cross-functional teams, and manage multiple projects simultaneously.

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. Benefit package includes:

Benefits:

• Paid Time Off (Corebridge Financial recognizes the importance of work life balance). We offer 27 PTO days to start. YES, 27! 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.

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 [email protected].   Reasonable accommodations will be determined on a case-by-case basis.

Functional Area:

CS - Corporate Services

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

American General Life Insurance Company