Head of Procurement | BioNJ Talent Services

Head of Procurement

Contact Information
Contact Name: 
Insmed
Organization Name: 
Insmed
Position Location: 
Bridgewater
Company Profile: 

Insmed understands that its most valuable resource is its employees. We place great value on the unique skills, talents and qualities that each of our employees brings to our company. We are building a world-class team with a focus on innovation, teamwork and the desire and ability to change the way our patients live.

Insmed is a fast-paced, high-energy organization that seeks talented individuals who are leaders in their respective functional areas of expertise, who are creative problem solvers and who have the desire to make a difference.

Job Description:

SUMMARY:

This role will lead the procurement strategy and manage the day-to-day functions of the newly established Procurement Department at Insmed. The Head of Procurement will develop new procurement requirements & policies, including qualifying new vendors, managing key contract negotiations with vendors and be a key member of the vendor risk management team. This position reports into the Chief Financial Officer.

RESPONSIBILITIES:
•Develop and implement a procurement strategy for a rapidly growing multi-national biotechnology company
•Develop and implement processes, policies and procedures that will optimize the procurement function for all Insmed departments internationally
•Proactively identify and manage vendor risks for key outsourced areas (e.g. manufacturing/CMOs, lab testing, toxicology, clinical research/CROs, etc)
•Qualify new vendors, including conducting RFPs and managing vendor negotiations in high spending or key functional areas
•Establish and maintain a qualified vendor list. Monitor these vendors to ensure they maintain their qualified status
•Build and maintain key vendor relationships
•Prioritize and focus on high risk and high spend areas in procurement
•Will be accountable for productivity and demand optimization.
•Work with other key members of the Insmed team to define and manage the procure-to-pay (P2P) process in an Oracle ERP environment
•Be “hands-on” in managing the day-to-day operations for the procurement area

Qualifications: 

•Bachelor Degree required; Master’s degree or MBA highly desirable
•International procurement experience a plus
•Certified Purchasing Manager (CPM) or Certified Professional in Supply Management (CPSM) accreditation a plus
•Minimum of 10 years of procurement experience
•Life sciences experience required
•Experience with an outsourced supply chain company/model
•Experience launching and maintaining a robust and compliant P2P process
•Must have excellent communication skills (verbal and written)
•Highly organized, with a strong attention to detail, clarity, accuracy and conciseness
•Must successfully exhibit Insmed’s five (5) core corporate competencies of: Excellence, Accountability, Driven, Collaborative and Solutions; along with any other position specific competencies
•Individuals must demonstrate the ability to interact successfully in a dynamic and culturally diverse workplace.
•Travel required based on vendor requirements (estimated ~20%)

Additional Job or Internship Information
Position Type: 
Full time job
Function: 
Procurement