Category Manager - Benefits

McKinsey & Company
parental leave, paid time off
United States, Pennsylvania, Philadelphia
Feb 07, 2025
Procurement Category Manager - Benefits Job ID: 94876 Do you want to work on complex and pressing challenges-the kind that bring together curious, ambitious, and determined leaders who strive to become better every day? If this sounds like you, you've come to the right place. Who You'll Work With Optimize is the procurement capability of the firm, creating leading solutions and experiences across our supplier ecosystem, enabling colleagues and the firm to live our purpose confidently. We are structured as 7 categories (Real Estate, Travel, Events, External Workers, External Client Capabilities, Professional Services and People) and 7 functions (Sourcing, Purchasing, Risk, Sustainable Procurement, Operations, Tech Enablement Solutions and Strategic Planning). If you are a strategic thinker with a passion for capturing value, driving efficiencies, and optimizing supplier relationships, we invite you to join our team as a Category Manager for Benefits. You'll work in our Philadelphia or Miramar office a member of our expanding Category Management team in shaping and implementing strategies that modernize and globalize our distinctive suite of benefits that enable our colleagues to thrive. Our function, Optimize, serves the Firm's needs across a variety of categories and manages our annual global spend. Your impact within our firm You will have an opportunity to lead an at-scale critical Benefits/HR Services portfolio of the firm across hundreds of suppliers. Your performance will be evaluated against key metrics, including the realization of a Benefits/HR Services category strategy supporting the business strategy (i.e., wellness), financial impact, adherence to sustainable procurement & risk standards, colleague experience and the strategic growth of the category. As a Category Manager, you will steer the long-term direction of Local Benefits / HR Services category management, aligning initiatives with the firm's strategic goals. Your role will involve developing strategic plans, leading cross-functional teams, fostering high-impact supplier partnerships, and driving innovation and efficiency across the procurement process. You will collaborate with Global and Local Benefit leads to identify and action opportunities to expand colleague experience and reduce costs without compromising quality or employee satisfaction. You will evaluate the current supplier landscape and identify opportunities for rationalization and consolidation, streamlining the supplier base to reduce complexity, improve efficiency and leverage economies of scale. You will develop and implement disciplined supplier management practices within your supplier portfolio and manage key performance indicators to ensure optimal supplier performance. You will develop and oversees strategic relationships both internally and with key external parties (e.g., vendors, industry experts, peers in other organizations) to build/maintain cutting-edge industry knowledge and leverage best practices to shape innovative strategies and solutions. Your qualifications and skills University degree, advanced degree preferred Recognized qualification in procurement would be preferred e.g., CPSM Recognized qualification in health and welfare would be preferred e.g., SHRM., CBP or CEBS 7+ years of relevant experience with at least 5 years' experience in benefits category management Strong negotiation and influencing skills; ability to work effectively and collaboratively with others in a team environment Able to lead and work with minimum guidance Recognized ability to interact with suppliers, senior business partners and other relevant stakeholders including risk and legal to ensure proper risk mitigation and alignment with business objectives Experience with supplier management International experience, knowledge of markets by regions Please review the additional requirements regarding essential job functions of McKinsey colleagues. Apply Now Apply Later FOR U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law. Certain US jurisdictions require McKinsey & Company to include a reasonable estimate of the salary for this role. For new joiners for this role in the United States, including all office locations where the job may be performed, a reasonable estimated range is $159,200 - $212,100 USD -to help you understand what you can expect. This reflects our best estimate of the lowest to highest [salary/hourly wages] for this role at the time of this posting, ensuring you have a clear picture right from the start, though it's important to remember that actual salaries may vary. Factors like your office location, your unique blend of experience and skills, start date and our current organizational needs all play a part in determining the final figure. Certain roles are also eligible for bonuses, subject to McKinsey's discretion and based on factors such as individual and/or organizational performance. Additionally, we provide a comprehensive benefits package that reflects our commitment to the wellness of our colleagues and their families. This includes medical, mental health, dental and vision coverage, telemedicine services, life, accident and disability insurance, parental leave and family planning benefits, caregiving resources, a generous retirement contributions program, financial guidance, and paid time off. FOR NON-U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity employer. For additional details regarding our global EEO policy and diversity initiatives, please visit our McKinsey Careers and Diversity & Inclusion sites. Job Skill Group - CSSA Job Skill Code - MPC - Procurement Manager Function - Industry - Post to LinkedIn - Yes Posted to LinkedIn Date - Fri Feb 07 00:00:00 GMT 2025 LinkedIn Posting City - Philadelphia LinkedIn Posting State/Province - Pennsylvania LinkedIn Posting Country - United States LinkedIn Job Title - Category Manager - Benefits LinkedIn Function - Consulting;Supply Chain LinkedIn Industry - Management Consulting LinkedIn Seniority Level - Mid-Senior level