Job Description
Chief Procurement Officer
The Chief Procurement Officer will lead a global team responsible for developing and executing strategies for sourcing, source-to-pay, third-party risk management and compliance.
The role will be responsible for the following specific areas, including, but not limited to:
- Leading a global, client-focused procurement organization that fully leverages and assertively sources our third-party spending;
- Comprehensive management of third-party spend while delivering world-class metrics;
- Delivering innovation in methods, tools and processes;
- Analyzing industry trends and evolving technology to proactively identify supply base issues to minimize risk, protect continuity of supply, and utilize emerging opportunities; and
- Understanding market conditions for key goods and services. – e.g. IT and IT Services
We expect the successful candidate will be a seasoned executive, with a proven track record of leading a procurement function for a large, global, publicly traded company, in a technology-enabled business platform.
Duties & Responsibilities
The Chief Procurement Officer responsibilities include, but are not limited to:
- Directing a team of procurement professionals in both direct and global matrixed teams to achieve the overall goals of the organization on a flexible, scalable basis;
- Anticipating future procurement needs and having strategies in place to meet the needs of Chubb’s business;
- Developing a global procurement governance model - clarifying global, regional and local roles and responsibilities;
- Developing and consistently delivering an effective and clear communications program regarding procurement programs/processes to global and specific employee audiences on an ongoing, proactive basis;
- Providing senior leadership with a regular analysis and recommendations of changes to available programs aimed at optimization of return on investment for Chubb, including conducting regular external benchmarking analysis and comparisons of procurement programs; and
- Building alliances and fostering relationships across Chubb’s leadership team, providing advice and counsel to business leaders on policy and guideline interpretation, etc.
Qualifications
- Experience: minimum of 15 years of professional experience, in progressively responsible procurement roles, ultimately leading the global procurement function, including direct and matrixed people management, in a global company, with a demonstrable track record of organizational achievements
- Demonstrated track record of developing and implementing effective procurement strategies, including excellent working knowledge of procurement-related policies, laws and regulations
- Strong team player with the ability to collaborate and influence business, as well as functional partners
- Ability to motivate in a team-oriented, collaborative environment
- Excellent negotiation and communication skills
- Strategic mindset and problem-solving skills
- Deep knowledge of industry and global trends
- Exceptionally self-motivated and directed
- Company platform experience: experience in a global, publicly traded, Fortune 500 company, financial services background desirable
- Education: a bachelor’s degree is required, preferably in business administration; a Master’s degree in a related field and/or a Master’s of Business Administration is highly preferred
Reporting Relationship
Reports directly to Chubb’s Chief Administrative Officer
Work Location:
United States; Philadelphia area is preferable but not required
Some travel required
About Us
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
