Procurement Analytics Director

Spend Analytics Manager

Manage the Spend Analytics function within the new TSSM Procurement Spend Management and Analytics team which supports the management of $4.7B sourceable spend and $325M savings target. Develop comprehensive analytics to support and guide procurement functions in category, vendor and process management. Act as a trusted partner to the TSSM Category and Operation Leaders by providing them with process improvement, vendor rationalization, business insights and spend analytics (e.g. category planning, RFx / bidding, business case compilation, and spend rationalization). Develop, maintain and govern the data quality of the procurement P2P data, Spend Cube and ensure the dissemination of complete and accurate sourcing data across Truist. Benchmark procurement operation performance against industry standards. Strong technical skills in SAS, Power BI, Tableau, SQL and data mapping

Essential Duties and Responsibilities

• Act as a trusted partner to TSSM Senior Leadership team by providing them with reporting and analytics support related to sourcing process, vendor contracting, category spend, rate harmonization, RFP analysis, and savings calculations.
• Oversee the accuracy of the sourcing and spend cube. Implement quality checks to maintain data integrity. Identify, drive and lead reporting enhancements.
• Conduct category, vendor and process analyses, apply analytical rigor in spend review, and develop recommendations and action steps for category and capacity planning.
• Work closely with the Business Solutions team to automate reports, enhance existing dashboards, and support system and process transformation (e.g. Tableau and SAP Ariba Spend Management).
• Develop and manage reporting production to support spend management programs, e.g. Travel, Contingent Workforce, Marketing, and Professional Services.
• Demonstrate solid risk management practices and control execution to ensure known risks are appropriately managed and mitigated.
• Establish and maintain relevant skillsets to act as a true Subject Matter Expert, effectively informing TSSM SLT on their category and operation strategies and decisions.
• Provide guidance to direct reports related to prioritizing work, enhancing data quality, following our data governance framework and increasing the analytic support provided to the TSSM teams.
• Champion best practice processes, benchmark operation performance metrics against industry standards.

Qualifications Required Qualifications

Preferred Qualifications

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and / or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.