Job Description:
VP, Procurement Support Services
The Role
The VP, Procurement Support Services will oversee all of the Centers of Excellence that support the strategic sourcing and contracts groups in procurement including Competitive Events, Supplier Administration, Purchasing, Spendworks Service desk, Payments, and Invoicing. This role will ensure alignment with Procurement, Risk, Financial Controls, and the Risk Management framework. Experience with managing a Global Services Team. The ideal candidate will have a deep knowledge of procurement best practices, account payable, financial controls, and enterprise-wide process improvements.
The Expertise and Skills You bring
- Ensure compliance with procurement policies, regulatory requirements, and corporate governance standards to ensure valid purchase orders and payments are being sent to our third-party suppliers.
- Partner with finance, legal, and risk team in the US, Ireland, and India to develop and enforce procurement controls and mitigate third-party risks and potential fraud.
- Continue to evolve the Service Desk by utilizing chat and voice functions for quick turnaround on BU and Supplier questions.
- Oversee the end-to-end AP process, including invoice processing, payment execution, and supplier reconciliation, ensuring accuracy and timelines.
- Implement AP automation, e-invoicing, and digital payment solutions to enhance operational efficiency and reduce errors
- Ensure compliance with financial controls, tax regulations, and audit requirements, minimizing risk exposure
- Develop and maintain strong vendor payment terms and cash flow optimization strategies in collaboration with treasury and finance teams.
- Lead a high-performing procurement operations and AP team, fostering a culture of operational excellence, innovation, and collaboration
- Act as a strategic advisor to senior leadership, providing insights on procurement operational trends, and financial efficiencies through competitive bidding and discount rates for on-time payments.
- Ability to travel 25% of the time domestically and internationally
The Team
The Procurement Support Services team is responsible for leading and optimizing the end-to-end procurement and payment processes to drive efficiency, compliance, and cost savings across the organization. The team works across Procurement, Risk, Financial Controls, and the Risk Management framework.
Note: Fidelity is not providing immigration sponsorship for this position
Certifications:
Category:Procurement
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.
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What We Do
At Fidelity, our goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. We do this by focusing on a diverse set of customers: - from 23 million people investing their life savings, to 20,000 businesses managing their employee benefits to 10,000 advisors needing innovative technology to invest their clients’ money. We offer investment management, retirement planning, portfolio guidance, brokerage, and many other financial products.
Privately held for nearly 70 years, we’ve always believed by providing investors with access to the information and expertise, we can help them achieve better results. That’s been our approach- innovative yet personal, compassionate yet responsible, grounded by a tireless work ethic—it is the heart of the Fidelity way.
