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Procurement Manager

Job in Minneapolis, Hennepin County, Minnesota, 55400, USA
Listing for: Strayer University
Full Time position
Listed on 2026-08-31
Job specializations:
  • Business
  • Supply Chain/Logistics
    Procurement / Purchasing
Salary/Wage Range or Industry Benchmark: 106500 - 159800 USD Yearly USD 106500.00 159800.00 YEAR
Job Description & How to Apply Below

The Procurement Manager is a broad, hands-on procurement professional responsible for leading sourcing, negotiation, contracting, supplier management, and other procurement initiatives across a diverse range of categories. This role partners directly with business leaders, Finance, Legal, and other stakeholders to evaluate commercial opportunities, negotiate favorable outcomes, manage supplier relationships, and improve how the organization purchases goods and services. In addition to core procurement responsibilities, this role will coordinate the organization’s corporate insurance program, partnering with internal stakeholders, brokers, carriers, and other external partners on renewals, coverage administration, certificates of insurance, claims coordination, and related risk-management activities.

The ideal candidate has developed broad procurement judgment rather than specializing in a single category or narrow portion of the sourcing process. This individual should be comfortable taking an initiative from initial business need and market assessment through sourcing, negotiation, contracting, implementation, and ongoing supplier management.

Essential Duties
  • Lead sourcing and procurement initiatives across a broad range of goods and services, managing the process from initial business requirement through supplier selection, negotiation, contracting, and implementation.
  • Develop sourcing strategies based on business requirements, supplier markets, spend, competitive dynamics, incumbent performance, and opportunities for cost reduction or value creation.
  • Lead competitive sourcing processes, including RFIs, RFPs, RFQs, supplier evaluations, bid analysis, and supplier negotiations.
  • Negotiate commercial terms with suppliers, including pricing, fee structures, service levels, renewal terms, price protections, termination rights, and other key business provisions.
  • Evaluate supplier proposals and contract economics using quantitative and qualitative analysis, including total cost of ownership, pricing benchmarks, utilization, demand, and alternative commercial structures.
  • Develop clear recommendations and business cases that enable leaders to make informed supplier and purchasing decisions.
  • Partner with Legal and business stakeholders throughout contract negotiations to ensure commercial and contractual considerations are appropriately addressed.
  • Manage supplier renewals proactively, identifying opportunities to reduce cost, improve commercial terms, consolidate suppliers, adjust services, or test the external market.
  • Build productive supplier relationships while maintaining appropriate commercial discipline and accountability.
  • Identify opportunities to simplify the supplier landscape, improve purchasing processes, reduce unnecessary spend, and increase procurement effectiveness.
  • Support procurement operations and governance, including purchase orders, contracting processes, procurement systems, policies, and controls.
  • Use procurement and spend data to identify trends, opportunities, risks, and areas requiring management attention.
  • Prepare and present financial analyses, sourcing recommendations, supplier comparisons, and procurement updates to business and executive leadership.
  • Manage multiple sourcing, contracting, and supplier initiatives simultaneously with limited oversight.
Insurance & Risk Coordination
  • Coordinate the day-to-day administration of the organization’s corporate insurance program in partnership with Finance leadership, insurance brokers, carriers, Legal, and other internal stakeholders.
  • Coordinate annual insurance renewals, including collection and validation of exposure data, completion of applications, review of coverage and pricing proposals, and preparation of information required for renewal decisions.
  • Maintain organized records of insurance policies, coverage limits, premiums, deductibles, renewals, certificates, and related documentation.
  • Coordinate certificates of insurance and other evidence-of-coverage requests from customers, vendors, landlords, and other counter parties.
  • Partner with Legal, Procurement, business stakeholders, and the organization’s insurance broker to evaluate…
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