Corporate Vice President - Sourcing Lead

Welcome to New York Life, one of the largest and most respected life insurance companies in the world. We are currently seeking a highly skilled and experienced Corporate Vice President - Sourcing Lead to join our dynamic team. In this role, you will be responsible for overseeing all sourcing activities for the company, ensuring the procurement of goods and services aligns with our strategic objectives and budgetary goals. Our ideal candidate is a strategic thinker with a strong background in procurement and sourcing, coupled with exceptional leadership and communication skills. If you are a driven and results-oriented individual looking to make a significant impact in a reputable organization, we encourage you to apply for this exciting opportunity.

1. Develop and implement sourcing strategies that align with the company's overall strategic objectives and budgetary goals.
2. Oversee all sourcing activities for the company, including but not limited to supplier identification, selection, negotiation, and contract management.
3. Monitor and analyze market trends and conditions to inform sourcing decisions and identify potential cost-saving opportunities.
4. Collaborate with cross-functional teams to ensure alignment of sourcing activities with business needs and priorities.
5. Lead and mentor a team of sourcing professionals, providing guidance and support to drive performance and achieve objectives.
6. Develop and maintain relationships with key suppliers, ensuring a robust and diverse supply chain.
7. Conduct regular supplier performance evaluations and implement improvement plans as necessary.
8. Ensure compliance with company policies and procedures, as well as relevant laws and regulations, in all sourcing activities.
9. Prepare and present regular reports on sourcing activities, including cost savings, supplier performance, and market trends, to senior management.
10. Continuously strive to improve sourcing processes and procedures, implementing best practices and innovative solutions to enhance efficiency and effectiveness.
11. Represent the company in negotiations with suppliers, leveraging market knowledge and expertise to secure favorable terms and conditions.
12. Collaborate with other departments within the organization to identify opportunities for cost savings and process improvements through strategic sourcing.
13. Stay up-to-date with industry trends and developments, bringing new ideas and insights to the team.
14. Maintain a high level of professionalism and uphold the company's reputation as a leading life insurance provider.

According to JobzMall, the average salary range for a Corporate Vice President - Sourcing Lead in New York, NY, USA is $150,000 to $250,000 per year. This can vary depending on the specific company, industry, and level of experience of the individual. Some factors that can affect salary include the size and profitability of the company, the candidate's level of education and relevant certifications, and their specific skills and responsibilities within the role. Additionally, location can also play a role in determining salary, as salaries tend to be higher in major cities like New York.

New York Life Insurance Company is the third-largest life insurance company in the United States, the largest mutual life insurance company in the United States.