Position Summary
The Head of Category Management is responsible for a wide range of activities supporting corporate and business unit needs. Activities include administrative support, ancillary support, business resilience and security, corporate real estate, and more. The Sourcing / Procurement area is responsible for procurement (e. g. , purchasing and supply chain activities), as well as vendor management (e. g. , negotiation, purchase, and relationships associated with outsourced services).
What will your job entail?
Job Responsibilities:
- Lead Category Strategy Development: Develop and execute sourcing strategies for all sub-categories within IT and Non-IT ensuring alignment with the broader business goals and objectives of Ryan Specialty.
- Strategic Sourcing: Competitively source through engagement of strategic suppliers (i.e., RFx) and application of industry knowledge. Ensure all sourcing projects have clear objectives including financial and operational benefits, aligned with business stakeholders.
- Team Support & Development: Guide and mentor a high-performing sourcing team, setting clear goals, providing development opportunities, and fostering a culture of excellence.
- Stakeholder Collaboration: Collaborate with key internal stakeholders to understand business needs and create tailored sourcing strategies that deliver value across the firm.
- Category Leadership Support: Lead the development and execution of strategic category plans, identifying opportunities for cost savings, risk mitigation, and process optimization within the sub-categories.
- Savings Identification & Tracking: Accountable for driving annual savings within the sourcing function. Includes the identification of savings opportunities & valuation and ongoing monitoring / reporting of saving initiatives (e.g., by vendor / category).
- Negotiation & Contract Management: Support negotiations to ensure favorable contract terms that meet business requirements and assist with the execution of complex agreements and SLAs.
- Drive Innovation: Contribute to sourcing initiatives that drive innovation, cost savings, and operational efficiency in line with the firm’s broader business strategies.
- Risk & Compliance Management: Partner with these teams to ensure sourcing strategies and supplier relationships align with the firm's compliance requirements and risk management frameworks.
- Continuous Improvement: Support continuous improvement efforts, evaluating sourcing processes, performance metrics, and benchmarks to optimize sourcing outcomes.
- Performance Motivation: Assist in identifying training needs and growth opportunities within the team, ensuring the development of future sourcing leaders and building a best-in-class function.
- Management of the Procurement Department to include supervision of product and budgets; contracts; options; and scope of work coordination with the Procurement Team.
- Establishes Best Practices and makes recommendations to achieve excellence in Procurement.
- Establish standard processes, policies, controls, governance, and performance management which aligns with PL’s objective to boost customer service to internal partners/key stakeholder in the organization.
- Lead a high-performance culture and ensure proper implementation of leading-edge procurement /vendor management capabilities.
- Maintain acquisition due diligence.
Work Experience and Education:
• Bachelor’s degree or related field
• 15+ years of Direct Sourcing, Procurement, or related experience.
• 7+ years of experience in managing a team.
Licenses & Certifications:
• Certified Supply Chain Professional (CSCP) or Certified Procurement Professional (CPP) or Certified Professional in Supply Management (PSM) is a plus.
Skills:
Technical/Functional Skills:
• Customer Service
• Sourcing
• Contract Negotiation
• Purchasing
• Budgeting
• Procurement Management
• Vendor Management
• Management/Leadership
• Cost Reduction Techniques
Behavioral Skills:
• Organizational
• Communication
• Attention to Detail
• Time Management
• Business Relationship Management
• Problem Solving
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.
How We Support Our Teammates
Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.
The target salary range for this position is $184,000.00 - $230,000.00 annually.
The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.
We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at HR@Ryansg.com
The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
