As one of the world’s leading asset managers, Invesco is dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world.
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Job Description
Your Team
The Services Procurement team is responsible for the global category management of key spend areas including Professional Services, HR & Benefits, Marketing, Legal, Properties & Facilities.
Your Role
The position will provide category management, sourcing and procurement support across major categories of indirect spend at a global level as relates to Financial Services and the vendors/suppliers required to execute the Company’s strategic initiatives and day-to-day operations. The position will be responsible for optimizing spend with vendor base and delivering cost savings with a total cost of ownership view. The position will also support Invesco’s procure-to-pay process and shared service model as relates to the implementation of category strategies, vendor management and risk management techniques.
You Will Be Responsible For:
- Developing category strategies utilizing marketplace competition, user demand management, and vendor consolidation
- Identifying category and vendor cost savings opportunities with global view
- Managing competitive sourcing process with internal stakeholders (RFI/RFP) using an AI enabled intake and sourcing/contract management tool
- Negotiating vendor agreements and contracts in partnership with stakeholders and Legal
- Drafting, reviewing and revising contract documents in accordance with Legal guidance
- Proactively managing major contract renewals and renegotiations
- Monitoring major vendor performance with business unit relationship owners through quarterly business reviews
- Providing expenditure analysis and identification of spend outside preferred vendor contracts
- Developing, implementing and improving strategic sourcing processes, tools and buying channels
- Delivering and reporting sustainable hard cost savings and cost avoidance
- Developing expertise and benchmarking knowledge of assigned categories and major vendors
- Managing a robust flow of category transactions in parallel with broader strategic initiatives
- Ability to develop and maintain effective working relationships with senior management, key stakeholders and vendors
The Experience You Bring:
- Proven experience in the Professional Services category space with good working knowledge of the categories
- Experience of HR/benefits category will be advantageous to provide local support to global lead
- You will understand the cost levers in the Professional Services space and have the ability to talk confidently with the business on their requirements and challenge conventional thinking
- Excellent written and verbal communication skills with ability to deliver clear, well-structured presentations: Senior Executive Level presence is required.
- Excellent interpersonal skills with ability to influence others without authority.
- Deep experience with competitive bidding (RFI/RFP) and vendor selection.
- Strong negotiation skills with a working knowledge and good understanding of generally accepted commercial and basic legal terms.
- Self-driven, results oriented, and motivated to work effectively without direct supervision.
- Strong project management and team leadership skills.
- Strong analytical and financial skills.
- Strong knowledge and experience in assigned spend categories.
- Ability to concurrently manage and prioritize multiple projects and transactions.
- Good command of Microsoft Office Suite, especially Excel and PowerPoint
Full Time / Part Time
Full time
Worker Type
Employee
Job Exempt (Yes / No)
Yes
Workplace Model
At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office.
What’s in it for you?
Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:
- Flexible paid time off
- Hybrid work schedule
- 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
- Health & wellbeing benefits
- Parental Leave benefits
- Employee stock purchase plan
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.
