Director of Spend Management

Job Description

At Enact, we understand that there's no place like home. That's why we bring our deep expertise, insightful offerings, and extra mile service to work every day to help lenders put more people in homes and keep them there.

We're looking for a Director of Spend Management in Raleigh, NC to join us in fulfilling our mission, while utilizing our values of excellence, improvement, and connection. In a newly created role, you will be an integral part of the Enact Financial Operations team, reporting to the VP, Financial Operations. You will lead a team to analyze and guide the operating expense process for Enact along with managing and owning the strategic sourcing organization.

You will drive sourcing and spend optimization strategies that align with organizational goals, strengthen client partnerships, and maximize the effectiveness of Enact's sourcing & expense organization. You will collaborate with stakeholders to implement strategies and ensure alignment with the Spend Management philosophies.

This high visibility role plays an integral part in the strategic and financial planning and analysis operations for Enact and interfaces with leaders throughout the organization across every function.

POSITION TITLE

Director of Spend Management

LOCATION

Enact Headquarters, Raleigh, NC - Hybrid Schedule

YOUR ROLE

In this newly created role, the Director of Spend Management, you be a part an integral part of the Enact Financial Operations team, reporting to the VP of Financial Operations. You will lead a team to analyze and guide the operating expense process for the Enact company along with managing and owning the strategic sourcing organization.

You will drive sourcing and spend optimization strategies that align with organizational goals, strengthen client partnerships, and maximize the effectiveness of Enact's sourcing & expense organization. You will collaborate with stakeholders to implement strategies and ensure alignment with the Spend Management philosophies.

This high visibility role plays an integral part in the strategic and financial planning and analysis for Enact and interfaces with leaders throughout the organization across every single function.

YOUR RESPONSIBILITIES

Lead the optimization of Enact's processes and tools for tracking, analyzing, and controlling expenses

Set expense policies, streamline procedures, and ensure compliance with company guidelines while coordinating across all Enact functions and parent company

Lead and develop a team to analyze spending patterns, identify areas for cost reduction, and track performance vs plan

Develop and implement multi-year and rolling forecast processes for expenses

Recommend annual budget targets and communicate with leadership the impacts to multi-year projections

Lead the allocation of costs across companies, products, and business activities while streamlining process and implementing automation

Lead strategic sourcing by maximizing effectiveness of all vendor relationships

Support team in driving compliance in vendor selection process

Drive team to measure and increase supplier efficiency while benchmarking results

Support team to ensure expert vendor management across Enact

Provide leadership around the sourcing and supplier selection process including vendor relationship management, measuring vendor efficacy, and ensuring contract terms and conditions are met or exceeded

YOUR QUALIFICATIONS

10+ years of finance experience, including in expense management

BS degree in a finance related field, advanced degree preferred

Excellent communication skills, both written and verbal, ideally with experience presenting at the executive level

Expert in Excel and Microsoft office, experience or exposure to AI and RPA, experience with best-in-class cost management systems (Anaplan, OneStream, etc.)

Experience with IT spend management philosophy and software helpful

Inquisitive nature and willingness to challenge the status quo

Proven interpersonal and communication skills with the ability to build and maintain relationships at all levels of the organization

COMPANY

Enact Holdings, Inc. (Nasdaq : ACT), operating primarily through its wholly owned subsidiaries, is a leading publicly traded U.S. private mortgage insurance provider, offering borrower-centric products that enable lenders and other partners across the U.S. to help people responsibly achieve and maintain the dream of homeownership.

By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Headquartered in Raleigh, North Carolina, we play an active role in supporting a prosperous Triangle community. We also support our colleagues' philanthropic efforts in their home communities across the U.S. Enact values all perspectives, characteristics and experiences, along with providing a positive and inclusive culture for employees to grow and succeed. We strive to create an environment where employees can bring their full, authentic selves to work to help each other and their customers.

We are proud to be an equal opportunity employer and all hiring decisions are based on merit, qualifications, and business needs. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

WHY WORK AT ENACT

We bring innovative thinking to the situations at hand

We seek out and incorporate diverse views to strengthen our outcomes

We work on challenging and rewarding projects

We offer competitive benefits :

Hybrid work schedule (in-office days Tues / Wed / Thurs)

Generous Time Off

40 Hours of Volunteer Time Off

Tuition Reimbursement and Student Loan Repayment

Paid Family Leave and Flexible Spending Accounts

401k with up to 5% employer match

Fitness and Emotional Wellness Reimbursements

Onsite Gym