Principal Category Manager

Posted 55 Minutes Ago
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Chicago, IL, USA
Hybrid
95K-163K Annually
Senior level
Fintech • Financial Services
We’re boldly disrupting banking norms to do good for our members, employees and communities.
The Role
Leads strategic sourcing, category management, and contract management for technology spend, including SaaS, cloud, cybersecurity, AI, telecommunications, and managed services. Develops category plans, analyzes spend and markets, runs competitive sourcing events, negotiates agreements, manages supplier performance and risk, ensures procurement compliance, advises executives, and mentors procurement professionals.
Summary Generated by Built In

Support the procurement strategy by actively leading the end-to-end strategic sourcing, category management, and contract management processes. Strategic sourcing duties include spend and market analysis, business requirements identification, sourcing event execution, contract negotiations, contract execution support, renewals, terminations, spend analysis, reporting, and end-user support focusing primarily on SaaS, cloud, cybersecurity, AI, telecommunications, and managed services.

Essential Responsibilities

  • Develop and execute category management and strategic sourcing strategies for assigned technology spend categories, aligning decisions with business objectives, risk appetite, and financial goals
  • Create and maintain multi-year category plans that drive supplier innovation, value creation, cost optimization, and operational effectiveness
  • Serve as a strategic advisor to departments such as technology and executive leadership regarding supplier markets, emerging technologies, software licensing models, workforce trends, and sourcing strategies
  • Partner with business leaders to shape demand, challenge requirements, evaluate alternatives, and influence purchasing decisions to maximize business value
  • Analyze spend, supplier markets, and total cost of ownership to identify savings, cost avoidance, efficiency improvements, and supplier optimization opportunities
  • Develop and present sourcing strategies, business cases, supplier recommendations, and executive-level decision materials
  • Lead complex sourcing initiatives, including RFIs, RFQs, RFPs, supplier evaluations, and competitive bid events for technology products and services
  • Negotiate enterprise software, SaaS, cloud, cybersecurity, AI, consulting, and managed services agreements to achieve favorable commercial, contractual, and risk outcomes
  • Own category performance and value delivery objectives, including savings, cost avoidance and supplier optimization targets
  • Assess and mitigate commercial, operational, security, privacy, regulatory, and third-party risks in collaboration with legal, information security, compliance, and risk management teams
  • Ensure compliance with procurement policies, contract management standards, regulatory requirements, and contract lifecycle management processes while maintaining data integrity
  • Lead cross-functional sourcing efforts, represent procurement on enterprise initiatives, and mentor procurement professionals on category management, supplier strategy, and negotiation best practices

Education & Years of Experience

  • Minimum- 4 Year Bachelors Degree in Finance or related
  • Minimum- 7 Years Strategic sourcing, vendor management, contracting and category management, IT products and services or related

In Lieu of Education

  • 10 Years Strategic sourcing, vendor management, contracting and category management, IT products and services or related

Compensation & Benefits:

Typical hiring range:‏‏‎ ‎ $95,100.00 to $163,100.00‎ Annually. Actual compensation will be determined using factors such as experience, skills & knowledge. 

‎Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match including:

  • Annual performance bonus
  • Work from home up to 3 days a week
  • Paid parental leave
  • Employee discount programs
  • Time off including paid personal and sick days
  • 11 paid holidays 
  • Education reimbursement

*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives. 

The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

Skills Required

  • Bachelor's degree in Finance or a related field
  • At least 7 years of experience in strategic sourcing, vendor management, contracting, category management, IT products and services, or a related field
  • Alternatively, at least 10 years of experience in strategic sourcing, vendor management, contracting, category management, IT products and services, or a related field in lieu of education

What the Team is Saying

Natalie M.
Stan C.
Amber J.

Alliant Credit Union Compensation & Benefits Highlights

  • Healthcare Strength — Healthcare, dental, and vision coverage are provided, with employer HSA contributions noted. These core benefits are consistently positioned as a key part of the package.
  • Retirement Support — A 401(k) with an employer match is included. Retirement programs are emphasized as a notable component of total rewards.
  • Leave & Time Off Breadth — PTO plus U.S. bank holidays and volunteer time off are offered. Available details indicate PTO increases with tenure.

Alliant Credit Union Insights

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The Company
HQ: Chicago, IL
906 Employees
Year Founded: 1935

What We Do

Alliant is unlike any other financial institution — a digital credit union that wows our members. We’re boldly disrupting banking norms to do good for our members, employees and communities. With 90 years of history and more than $19 billion in assets, Alliant Credit Union is the largest credit union in Illinois and one of the largest in the U.S. Our industry-leading financial products, seamless digital experiences and exceptional customer service make banking simpler for our 900,000+ members. Fully digital, fully human and full of possibility, we work to provide our members with experiences that redefine the financial industry, challenge the status quo and unleash brilliance.

Why Work With Us

Our employees enjoy a hybrid schedule, allowing for flexible remote work and purpose-driven, outcome-focused onsite opportunities. Driven by Alliant's guiding principles and values, employees across all teams build together to provide our members with industry-leading financial products, seamless digital experiences & exceptional customer service.

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Alliant Credit Union Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Alliant offers a purpose-driven, outcome-focused hybrid workplace model.

Typical time on-site: Flexible
HQChicago, IL
We are located near O'Hare. We have plenty of parking space available.

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