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SalaryWhat You'll Do:
As a Supplier Relationship Manager you will report into Procurement and be responsible for ensuring Principal effectively manages a group of our most important suppliers. You will focus on supplier performance, risk, strategist alignment, and spend management while also ensuring a strong working relationship between key Principal team members and supplier partners. You’ll work closely with Principal business leaders, sourcing, category management and third-party risk to drive a comprehensive understanding of the supplier and its product and services at Principal. Additionally, you’ll communicate transparently with the supplier regarding the health of the relationship, issues, and upcoming critical initiatives at Principal that align with the product and service offerings of the supplier.
- Strategic Alignment & Innovation: Capture and communicate both internally and externally the strategic value Principal gains from partnering with the supplier. Align supplier incentives and Principal incentives to deliver on Principal’s strategy. Push the supplier to share innovation opportunities to create competitive advantage for Principal.
- Performance: Partner with business leaders to understand the definition of strong performance and transparently communicate the definition to the supplier at the right frequency. This includes a strong understanding of service level agreements coming from the contract. Drive to the root cause on all material performance issues to resolve them efficiently and effectively. This should include corrective action to avoid recurring issues.
- Risk: Partner with risk team members to understand supplier risk assessment, controls and mitigation. Ensure that the controls are in place to effectively mitigate risks. Maintain awareness of emerging risks for the supplier and the products/services Principal buys from the supplier.
- Spend Control & Optimization: Understand budgeted spend for a product/service and progress against the budget. Monitor and communicate with business stakeholders about spend overages, credits, and opportunities to drive expense down in partnership with suppliers.
Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!
Who You Are:- Bachelor’s degree or 8+ years of work experience.
- 3+ years of work experience in sourcing, category management or supplier management
- Must possess analytical and problem-solving skills
- Demonstrated ability to lead large executive level meetings with clear agendas, action items, and follow-up
- Strong prioritization skills with ability drive tasks to completion
- Ability to communicate complex ideas simply and concisely to drive toward decisions and action through both verbal and written interactions
- Proficient user of Microsoft Office applications including Word, Excel, and Outlook
Work Environments
This role offers remote, in-office, hybrid (blending at least three office days in a typical workweek) in the Des Moines, IA or Charlotte, NC offices. You’ll work with your leader to figure out which option may align best based on several factors
Work Authorization/Sponsorship
At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.
Nonimmigrant Workers and Green Card for Employment-Based Immigrants
Investment Code of Ethics
For Principal Global Investors positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization
Experience Principal
At Principal, we value connecting on both a personal and professional level. Together, we’re envisioning a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits.
Principal is an Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Posting Window: We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline. Date First Posted (TTF): 2/16/2024 Latest Post Date: Careers - US: 2/20/2024LinkedIn Remote Hashtag
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