Procurement Director
Our healthcare system is the leading cause of personal bankruptcy in the U.S. Every year, over 50 million Americans suffer adverse financial consequences as a result of seeking care, from lower credit scores to garnished wages. The challenge is only getting worse, as high deductible health plans are the fastest growing plan design in the U.S.
Cedar’s mission is to leverage data science, smart product design and personalization to make healthcare more affordable and accessible. Today, healthcare providers still engage with its consumers in a “one-size-fits-all” approach; and Cedar is excited to leverage consumer best practices to deliver a superior experience.
The Role
We are seeking a dynamic and experienced individual to lead our corporate procurement function as a Director. The ideal candidate will have a proven track record of strategic procurement management within a corporate setting, with a strong emphasis on optimizing supplier relationships, driving cost savings initiatives, and implementing efficient procurement processes. As a key member of our team, the Director of Corporate Procurement will play a pivotal role in shaping our procurement strategy and ensuring the organization achieves its goals effectively and sustainably.
Responsibilities:
- Develop and implement procurement strategies aligned with organizational objectives, ensuring cost-effectiveness, quality, and reliability of supply.
- Providing guidance, coaching, and mentorship to foster professional growth and maximize team performance.
- Oversee the entire procurement lifecycle, including sourcing, vendor selection, negotiation, contracting, and supplier management, to optimize value and mitigate risks.
- Establish and maintain strong relationships with key suppliers, fostering collaboration and driving continuous improvement initiatives to enhance supplier performance and innovation.
- Collaborate cross-functionally with stakeholders across the organization, including finance, operations, compliance, IT and legal, to understand business requirements and ensure alignment of procurement activities.
- Develop and implement robust procurement policies, procedures, and controls to ensure compliance with relevant regulations and standards, while promoting efficiency and transparency.
- Monitor market trends, supplier capabilities, and industry best practices to identify opportunities for improvement and innovation in procurement processes and technologies.
- Drive cost savings initiatives through strategic sourcing, contract renegotiation, and vendor consolidation, while maintaining high standards of quality and service delivery.
- Analyze procurement data and metrics to track performance, identify areas for improvement, and report on key performance indicators to senior management.
- Act as system administrator for our procurement and AP systems.
Qualifications:
- Bachelor's degree in business administration, supply chain management, finance, or a related field; Master's degree preferred.
- Minimum of 8 years of progressive experience in procurement
- Strong knowledge of procurement best practices, contract management, and supplier relationship management.
- Proven track record of delivering cost savings, process improvements, and operational efficiencies through strategic procurement initiatives.
- Excellent leadership skills, with the ability to influence stakeholders throughout the organization.
- Exceptional negotiation, communication, and interpersonal skills, with the ability to build and maintain effective relationships with internal and external stakeholders.
- Analytical mindset with proficiency in data analysis and reporting tools; experience with procurement technology solutions preferred.
- Demonstrated ability to think strategically, solve complex problems, and drive results.
- Strong understanding of regulatory requirements and compliance standards related to procurement and supply chain management.
- Professional certifications such as CSCP (Certified Supply Chain Professional) or CPSM (Certified Professional in Supply Management) are a plus.
- Technical expertise in the following systems: Netsuite, bill.com, Zip.
Compensation Range and Benefits
- Salary Range*: $221,000 - $260,000
- This role is equity eligible
- This role offers a competitive benefits and wellness package
*Subject to location, experience, and education
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What do we offer to the ideal candidate?
- A chance to improve the U.S. healthcare system at a high-growth company! Our leading healthcare financial platform is scaling rapidly, helping millions of patients per year
- Unless stated otherwise, most roles have flexibility to work from home or in the office, depending on what works best for you
- For exempt employees: Unlimited PTO for vacation, sick and mental health days–we encourage everyone to take at least 20 days of PTO per year to ensure dedicated time to spend with loved ones, explore, rest and recharge
- 16 weeks paid parental leave with health benefits for all parents, plus flexible re-entry schedules for returning to work
- Diversity initiatives that encourage Cedarians to bring their whole selves to work, including the Cedarian Advisory Group (a cross-functional cohort focused on increasing internal inclusiveness at Cedar) and three employee resource groups: be@cedar (for BIPOC-identifying Cedarians and their allies), Pridecones (for LGBTQIA+ Cedarians and their allies) and Cedar Women+ (for female-identifying Cedarians)
- Competitive pay, equity (for qualifying roles) and health benefits that start on the first of the month following your start date (or on your start date if your start date coincides with the first of the month)
- Cedar matches 100% of your 401(k) contributions, up to 3% of your annual compensation
- Access to hands-on mentorship, employee and management coaching, and a team discretionary budget for learning and development resources to help you grow both professionally and personally
About us
Cedar was co-founded by Florian Otto and Arel Lidow in 2016 after a negative medical billing experience inspired them to help improve our healthcare system. With a commitment to solving billing and patient experience issues, Cedar has become a leading healthcare technology company fueled by remarkable growth. Over the past several years, we’ve raised more than $350 million in funding from investors such as Andreessen Horowitz and Tiger Global, bringing Cedar’s valuation to $3.2 billion.
As of December 2023, Cedar is engaging with 25 million patients on an annualized basis, and is on target to process $2.6 billion in patient payments annually. Cedar’s ambition is to serve 50-60 million Americans by 2025, about half of the U.S. population that makes medical payments annually. Cedar partners with more than 55 leading healthcare providers and payers including Highmark Inc., Allegheny Health Network, Novant Health, Allina Health and Providence.
