Procurement Category Lead- Technology

  • Principal Financial Group
  • 6000 Fleur Dr, Des Moines, IA 50321, USA
  • Nov 09, 2020
[Financial Services - Banking/Investment/Finance] [Financial Services - Banking/Investment/Finance]

Job Description


What You'll do:

The Global Sourcing team is looking for a Category Manager to advance and manage the IT category strategic objectives that support company business results by optimizing IT spend through categories and market trends. Lead the activities for technology spend categories and drive strategic sourcing initiatives within a global Sourcing function.

You'll need a deep understanding of the IT industry, its emerging trends and develop, implement and evolve category strategies. Utilize strategic sourcing practices to capture savings while making effective supply base decisions. This includes direct savings captured through consolidating enterprise-wide purchasing volume and applying operational and commercial TCO levers to reduce cost.

How you will spend your day:

Build strategic and advisory partnerships with internal business partners and external suppliers.

Explore market trends and opportunities to improve upon value from spending

Analyze and assist in analysis of complex spend and supplier data

Develop and maintain IT Supply Chain categories, capabilities, competencies and long-term strategies to drive business results



  • Bachelor's Degree in IT Business, Procurement, Logistics, Supply Chain, or Engineering or related field required.
  • 5+ years of IT procurement category experience within the Financial Services industry preferred.
  • IT Supply Chain certifications desirable but not required.
  • Knowledge of contracting principles, vendor management, and product/service sourcing.
  • Experience in Information Technology Sourcing with understanding of Software, Server & Storage (Middleware), Mainframe, Systems Integration, and IT Services Categories.
  • Experience in negotiations with an understanding of contract implications and total cost of ownership.
  • Aptitude for solving complex problems and influencing partners, challenge assumptions and opinions to ensure that actions taken are in the company's best interest to deliver against key financial and growth objectives.
  • Knowledge of IT procurement sourcing framework and methodologies.

Additional Information

Work Authorization/Sponsorship

At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role. (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)

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.

Additional info

Experience Principal

While our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees - individually and all of us together. Explore our core values, benefits and why we're an exceptional place to grow your career.

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.

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