Senior Category Specialist

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2 Locations
In-Office
Fintech • Financial Services
The Role

We invite you to explore a future with us at PRA Group, a diverse and growing company that has a tangible impact on the global economy.

Position Summary: 

Sourcing (Procurement) responsibility for a broad range of spend categories (e.g. HR, Finance, Facilities, IT, Analytics) and developing category sourcing plans. The position requires cross -functional collaboration across PRA Group’s US business in the development of request for proposals, contract negotiations, administration and leadership of the sourcing and supplier/vendor selection process. In conjunction with key stakeholders develop the business case surrounding the opportunity/need for supplier engagement. Identifying key business requirements; lead supplier identification, evaluation, price negotiation and contracting for new supplier spend and for renewals with existing suppliers; and communicate relevant financial and procurement information to support approvals to spend and pay suppliers.

Key Responsibilities (other duties may be assigned):

  • Conducts Category spend analysis as needed to identify areas of spend deficiency

  • Leads planning and acquisition projects for assigned business units (i.e. HR - Temp Agency, Consulting and Benefits Admin.; or Finance - Consulting, Tax and Audit Services; or Facilities - Security, Building Maintenance) in accordance with policy and procedure.

  • Identifies savings and service opportunities, including potential efficiency gains

  • Manage the RFI/RFP process or vendor selection and lead price negotiations.

  • Collaborates with Vendor Relationship Owners (VROs) to develop the appropriate statements of work and business requirements to ensure accurate and effective contracts are produced

  • Ensures completion of the appropriate compliance documentation (e.g. OFAC searches, Due Diligence Questionnaires and IT Assessment Documents) in accordance with policy and procedure

  • Support/Facilitate approval to spend and PO process.

  • Collaborates with the Office of General Counsel to ensure market optimal terms and conditions and statements of work/service level agreements reflect negotiated business requirements, in accordance with policy and procedure

  • In partnership with key stakeholders (VRO or executive) ensures assets are protected and services are terminated and/or transitioned to a new supplier.

Professional Experience/Qualifications:

  • Bachelor’s degree required; and/or Strategic Sourcing Certification

  • Minimum 6+ years of related sourcing work experience in various spend categories.

  • Demonstrated experience leading RFP’s and negotiating, high dollar service agreements and/or managing strategic vendors.

  • In-depth knowledge of contract types, sourcing methods and procedures, performance incentives and procurement tools.

  • Highly effective interpersonal and technical skills.

  • Strong business acumen and communication skills.

  • Strong project management skills.

  • Strong track record in meeting cost reduction targets.

  • Strong Business Acumen

  • Effective Networking and Relationship building skills.

  • Willingness to assume responsibility.

  • Strong communication and listening skills to ensure mutual understanding.

  • Strong Analytical Skills

All qualified applicants will receive consideration for employment regardless of age, race, color, sex, gender, religion, national origin, physical or mental disability, citizenship, or any other classes recognized by state or local law or any other characteristic protected under applicable federal, state or local law. We are a drug free workplace.

To qualify, applicants must be legally authorized to work in the United States, and should not require, now or in the future, sponsorship for employment visa status.

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The Company
HQ: Norfolk, VA
1,720 Employees
Year Founded: 1996

What We Do

As a global leader in acquiring and collecting nonperforming loans, PRA Group returns capital to banks and other creditors to help expand financial services for consumers. With thousands of employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt and provide a broad range of additional revenue and recovery services to business clients. Our employees around the world play a key role in shaping our identity. By doing things the right way for the right reasons, treating others with fairness and respect, and valuing diversity and inclusion, our employees will sustain us into the future. Our company culture is the foundation for everything we do. Since our founding, we have been focused on making a difference. We make it a priority to strengthen the communities where we work and live. Our employees support the mission in both time and money. To enhance that generosity, we match their contributions and we honor their civic spirit with paid time off to participate in Volunteer Days.

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