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Executive Director, Procurement

Pacira BioSciences, Inc.
life insurance, flexible benefit account, parental leave, paid holidays, flex time, 401(k)
United States, New Jersey, Parsippany
Dec 27, 2024
Overview About Pacira Pacira BioSciences, Inc. is a leading provider of non-opioid pain management and regenerative health solutions dedicated to improving outcomes for health care practitioners and their patients. Our in-depth knowledge of non-opioid pain management, coupled with our passion for advancing patient care, drives our commitment to providing solutions that address unmet medical needs and improve clinical results. Why work with us? Rarely do you have an opportunity to do work that really matters. What drives us is our mission. What makes us successful are our people. At Pacira, you are part of an inclusive culture that fosters collaboration, growth, and innovative thinking - a place where you can make an impact and help change the standard of care in non-opioid pain management. Be part of our movement, let's pursue excellence together. Summary: The position will oversee the strategic planning and execution of all procurement functions, including direct and indirect sourcing for critical areas such as manufacturing, clinical, commercial/marketing, travel, and administrative areas, as well as procure-to-pay and employee expense processes. This role is accountable for driving value, ensuring cost efficiencies, supplier management and innovation, and managing risk across the organization. Reporting directly to senior leadership, the position requires strong cross-functional collaboration with internal stakeholders and suppliers to ensure alignment on sourcing strategies, contract negotiations, supplier performance, and ongoing continuous improvement initiatives. Responsibilities Essential Duties & Responsibilities: Lead the procurement function with a focus on strategic sourcing, cost optimization, supplier innovation, and risk management. Develop and execute procurement strategies that align with company goals, focusing on value creation, innovation, and efficiency across categories. Serve as a trusted advisor to executive leadership, providing insights and recommendations on procurement strategies and opportunities to support the company's business objectives. Define category objectives, strategies, and annual savings targets to drive cost reduction and optimize value across the organization. Oversee end-to-end sourcing processes, including the preparation and management of requests for proposals (RFPs), negotiation of contract terms, and supplier selection. Oversee end-to-end vendor payment processes and employee expense reimbursement, including the timely receipt, approval, and payment in accordance with established policies and procedures. Drive excellence in post-contract evaluations, key performance indicator (KPI) development, service level agreements (SLAs), and supplier relationship management (SRM). Implement and manage a robust supplier performance evaluation system, ensuring alignment with corporate goals and continuous improvement across the supply chain. Develop a Total Cost of Ownership (TCO) culture that prioritizes long-term value creation and process improvements across all sourcing activities Collaborate with senior leadership across commercial, finance, legal, operations, and clinical teams to ensure procurement strategies are fully aligned with business objectives. Engage with key internal stakeholders to drive the procurement agenda, enhance transparency, and build consensus across functions. Oversee the development and management of the procurement infrastructure, including policies, processes, and systems that support strategic sourcing initiatives and procurement-to-pay activities. Continuously assess market trends, supplier landscapes, and industry best practices to drive procurement innovation and stay ahead of industry developments. Drive operational efficiencies through the adoption of Lean/6-sigma methodologies and digital transformation initiatives within the procurement function. Ensure compliance with internal controls, GAAP/SOX, and other financial and regulatory requirements. Present procurement strategies, performance metrics, and cost-saving initiatives to senior leadership. Track key performance indicators and supplier scorecards to monitor effectiveness. Supervisory Responsibilities: Lead a growing team of procurement professionals, providing mentorship, performance evaluations, and career development support. Expand the team as needed to support the organization's strategic objectives. Interaction: Regular interaction with senior leadership and cross-functional teams across legal, finance, compliance, operations, and other departments. Engage with external suppliers and consultants to build strong partnerships and ensure the successful execution of procurement strategies. Qualifications Education and Experience: Bachelor's degree in business, Finance, Supply Chain Management, or related field required. Graduate Degree in Business or a related field preferred. 15+ years of progressive experience in procurement leadership roles, with a strong focus on strategic sourcing, supplier management, and procurement operations. Industry experience in pharmaceuticals, medical devices, and/or biotechnology is preferred. Proven experience managing direct and indirect goods and services procurement. Expertise in SAP Ariba, procurement-to-pay (P2P) systems, and contracts management tools is preferred. CPM, NAPM, or other relevant procurement certifications are a plus. Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Knowledge, Skills, and Abilities: Deep understanding of procurement principles, theories, and processes, with a proven track record of driving value and innovation. Strong leadership and team management skills, with a demonstrated ability to build and mentor high-performing teams. Excellent communication and interpersonal skills, with the ability to influence and engage stakeholders at all levels of the organization. Strategic thinker with strong analytical skills, capable of interpreting data and providing actionable insights. Demonstrated ability to manage multiple priorities and meet deadlines in a fast-paced environment. Lean/6-Sigma certification or equivalent experience in process improvement is highly desirable. Ability to travel up to 15% to other company sites and vendor locations. Physical Demands: While performing the duties of this job, the employee is regularly required to sit, talk, move between spaces, reach with hands and arms, and stoop. Close vision and the need to focus on computer screen, use of hands, fingers, and wrist to type on keyboard and manipulate mouse. Work Environment: Typical office setting, staff in cubicles, noise level is moderate with consistent printer, telephone ringing and conversation. Benefits Benefits: Medical, Prescription, Dental, Vision Coverage Flexible Spending Account & Health Savings Account with Company match Employee Assistance Program Mental Health Resources Disability Coverage Life insurance Critical Illness and Accident Insurance Legal and Identity Theft Protection Pet Insurance Fertility and Maternity Assistance 401(k) with company match Flexible Time Off (FTO) and 11 paid holidays Paid Parental Leave Pay Transparency For San Francisco Only: The base pay range for this role is $252,560 per year to $347,270 per year. The range is what we reasonably expect to pay for this role. The range considers a wide range of factors that are considered in making compensation decisions, including but not limited to: geographic markets, business or organizational needs, skill sets, experience, training, licensure, and certifications. EEO Statement EEO Statement: Pacira is proud to be an Equal Opportunity Employer and does not discriminate against applicants because of race, color, religion, sex (including gender identity, sexual orientation, and pregnancy), national origin, age (40 or older), veteran status, disability or genetic information, or any other characteristic protected under applicable federal, state, or local law. At Pacira we are committed to intentionally cultivating a culture of inclusion where all feel welcomed and valued for their background, perspectives, and experiences. We hold one another accountable to promote trust and transparency in support of our communities and collective purpose.