Job Information
New York Life Insurance Company Senior Associate, Category Manager in New York, New York
Location Designation: [[cust_rolelocationdesignation]]
Business Overview :
A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and service, supported by our Foundation . It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn , our Newsroom and the Careers page of www.NewYorkLife.com .
Role Overview :
This Category Manager’s key responsibilities are to i) lead the planning and development of over-arching category strategies, and ii) support the execution of these strategies. Categories in-scope for this role include all labor services - professional services, IT services, management consulting, outsourced services and third-party administration services. In addition to recommending appropriate procurement strategies and methodologies, the Category Manager works under the guidance of the Category Lead Manager and supports the sourcing, negotiating, and contracting of goods and services.
The Category Manager is expected to effectively collaborate with all Relationship Managers to provide coordinated and consistent customer service. The Category Manager will also be expected to effectively interact with business partners and other relevant stakeholders including risk and legal to ensure proper risk mitigation and alignment with business objectives.
What You’ll Do :
Articulate, influence and translate external market trends, along with internal business priorities, to develop category insights aligned with NYL objectives
Develop short and long term strategies and oversee execution of such strategies that leverage economies of scale and scope across the organization
Understand overall spend and suppliers, as well as key clients, reporting structures and relationships within NYL and be accountable for the procurement goals and initiatives
Work directly with Procurement Relationship Managers and stakeholders to develop a project pipeline and prioritization schedule
Assist in the creation and communication of savings targets and programs based on knowledge of overall category and business unit strategy and support savings execution
Ensure management understands the outcomes of proposed actions and manage the implementation of sourcing and contract initiatives, including the transparency of sourcing initiatives and related savings
Accountable for managing strategic procurement initiatives and/or programs
What You’ll Bring :
Bachelor's degree in business or related field of study
3-5 years relevant work experience
A recognized qualification in procurement would be considered an asset
Category Expertise – Demonstrates category management expertise, including articulating market trends, pricing drivers, supplier capabilities and delivery channels. Builds and maintains credibility as an expert within a specific category with key stakeholders
Project Management – Demonstrates the ability to design, plan, and manage projects to deliver value-added solutions within defined time and cost parameters
Procurement Process Knowledge – Demonstrates understanding of relevant procurement processes (e.g., category management, strategic sourcing, contract management, purchasing)
Contract Analysis - Working with the appropriate SME, demonstrates ability to translate commercial negotiations into contract documents
Join Strategic Capabilities and collaborate with a winning team developing and executing game-changing business strategies, informed by cutting-edge data and competitive insights. Fuel business growth through smart acquisitions, innovative partnerships, and impactful technology integration. Leverage AI and strategic data management to bring ideas to life, all while ensuring effective governance and project management.
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Pay Transparency
Salary Range: [[cust_salaryRangePosting]]
Overtime eligible: [[customString6]]
Discretionary bonus eligible: [[cust_merit]]
Sales bonus eligible: [[stockPackage]]
Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Our Benefits
We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.Click hereto discover more about our comprehensive benefit options or visit ourNYL Benefits Site (https://nylbenefits.com/) .
Our Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture.Click here (https://www.newyorklife.com/newsroom/diversity-and-inclusion-awards) to learn more about how we have been recognized for our leadership.
Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation (http://www.newyorklife.com/foundation) . We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit theCareers (https://www.newyorklife.com/about/careers/) page of www.NewYorkLife.com .
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