Procurement Operations & Sourcing Specialist

At Richemont Americas, We are proud to employ talent from many different backgrounds, experiences, and identities. We believe that when diversity and inclusion are fully embraced and empowered, creativity and knowledge emerge to deliver excellence. We continue to work towards creating a workforce that represents the diversity of our clients and our communities.

Procurement Operations & Sourcing Specialist

Finance | New York, NY

Reports to: Sr. Strategic Sourcing Manager

Role Overview

The Procurement Operations & Sourcing Specialist is a hybrid role responsible for ensuring efficient and effective procurement operations while also contributing to strategic sourcing activities. This position requires a detail-oriented individual with strong organizational and project management skills, as well as a foundational understanding of sourcing principles. The role will be focused on support the Sr. Sourcing Manager with all Sourcing strategy, initiatives, P2P compliance, as well as adhoc requests.

Responsibilities (or Mission)

• Procurement Excellence:
• • Have a basic understanding of Procurement operations and tasks, with ability to act as back-up for team members as needed, including PO creation and vendor management transactions within SAP; Troubleshoot and resolve procurement-related issues.

• • Ensure compliance with procurement policies and procedures by driving adoption and Group KPIs across Maisons; Lead the adherence and continuous improvement of procurement policy and processes to ensure a high level of compliance with a business focused approach

• Identify and implement process improvements to enhance procurement efficiency and effectiveness; Support the implementation and maintenance of procurement systems and tools.

• • Prepare concise reports and presentations on procurement activities; Enabling data-driven decision-making by conducting data analysis and building reports that provide leadership with clear visibility into key procurement metrics, performance trends, and potential risks.

• Sourcing Support:
• Conduct market research to identify potential suppliers
• Support with spend analysis and assist in the development of sourcing strategies for specific categories; support creative, value-focused sourcing strategies in line with business needs
• Drive cost savings through competitive bidding and cost/contract negotiations

• • Responsible for delivering cost savings/avoidance by leading RFQs (Requests for Quotation) and RFPs (Requests for Proposal) from beginning to end, including but not limited to briefing with stakeholders, facilitating supplier communications, scope development, proposal analysis, cost negotiations and driving vendor selection to completion

• Have a strong understanding of different types of contracts and their uses, along with common legal clauses; ability to negotiate basic commercial terms
• Support Maisons with Sourcing questions, guiding stakeholders through the process and supporting with vendor communications/business evaluations where improvement is needed
• Track market trends, supplier performance, and emerging technologies to continuously enhance sourcing strategy and partnerships.
• Support the implementation of sustainability objectives and good practices in collaboration with the Sourcing team as well as internal/external experts
• Adhoc Support:
• Support Sr. Manager, Sourcing in any and all Procurement and sourcing initiatives
• Support with Group/HQ requests as needed
• Support with project and system implementations; tooling enhancements and project planning

Qualifications

• Bachelor's degree in Business Administration, Supply Chain Management, or a related field preferred.
• Minimum of 4 years of experience in Sourcing and procurement
• Basic understanding of sourcing principles and practices.
• Strong organizational and time management skills; must be a results-driven, with a strong capability to drive projects forward independently; excellent attention to detail
• Strong communication and interpersonal skills, with the ability to report upwards in a clear and concise manner; good relationship management to drive relationships with different Maison stakeholders
• Basic project management skills; must be able to influence
• Self-motivated problem solver, with ability to adapt to ever-changing landscape and requests between different Maisons

Tools:

• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
• Experience with procurement software/ERP systems (e.g., SAP, , Ariba, Oracle) is a plus.
• Must be able to be creative with existing tools, with interest to improve and bring new tools to the table for exploration

Skills:

• Procurement Operations
• Purchase Order Processing
• Invoice Management
• Compliance
• Data Analysis
• Supplier Relationship Management
• Sourcing (Basic)
• Market Research
• Negotiation (Basic)
• Project Management (Basic)
• Communication
• Organization

Richemont offers a generous compensation and benefits package for eligible employees. Only candidates selected for further consideration will be contacted.

EXPECTED SALARY RANGE: $90,000 – 100,000

Salary will be negotiated based on relevant skills and experience.

WE OFFER

We care about our associates health and wellbeing and offer a comprehensive benefits program to support you and your loved ones. Our core benefits include medical, dental, and vision programs. Health savings and flexible spending accounts are available to support your financial needs, along with access to the employee assistance program for you and your household members. The company offers income protection solutions including life insurance, disability benefits, and 401(k) with employer match. Understanding the importance of wellness and work-life-balance, our package includes a wellness reimbursement benefit and paid time off. We also encourage associates to give back to their local community by using their volunteer time off days to support important initiatives that drive change.

At Richemont, We Craft the Future