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Intra-Cellular Therapies, Inc Director of Procurement in Towson, Maryland

Benefits Offered

401K, Dental, Life, Medical, Vision

Employment Type

Full-Time

“We deliver innovative treatments to improve the lives of individuals suffering from neuropsychiatric, neurologic and other disorders”

Intra-Cellular Therapies Inc. is a publicly traded biopharmaceutical company headquartered in New York City. Founded on Nobel-prize winning research, we launched our first commercial product in CNS in 2020 and received approval for an expanded indication in 2021. Currently celebrating our 22nd anniversary, we have a strong pipeline with projects in preclinical development stage through Phase III. We celebrate science, welcome curiosity, expect collaboration and demand integrity and respect in all we do, create and deliver.

We are actively recruiting for a Director of Procurement with a proven track record of success and who will be responsible for the strategy and implementation of procurement at ITCI. The position’s responsibilities will include working closely with the functional heads in developing strategies and processes, as well as implementation and management of the approved and agreed upon sourcing strategies and processes.

We are flexible with respect to geographic location, and the ideal candidate will be comfortable working remotely/work from home within the US or from our offices in New York, NY or Towson, MD. From time to time, working onsite at an office location and/or work-related travel may be necessary.

Responsibilities:

  • Design a procurement function and process, focusing on effective internal collaboration and communication with other departments within the company

  • Establish policies and procedures and lead initiatives for cost reduction and strategic sourcing

  • Supports the organization developing strategic operating plans to ensure the Company has the Direct and Indirect contracts in place to support business growth

  • Communicate with and educate others in the organization regarding effective and compliant purchasing strategies and practices, and audit current state for compliance and continuous improvement

  • Negotiate, or renegotiate, and administer contracts with suppliers, vendors, and other representatives

  • Perform advanced analytical and consultative activities that report and leverage data for all suppliers and analyze new, innovative cost effective ways to reduce expenses and improve productivity

  • Research and evaluate suppliers based on price, quality, selection, service, support, availability, reliability, production and the supplier’s reputation and history

  • Analyze price proposals, financial reports, and other data and information to determine reasonable prices

  • Monitor and follow applicable laws and regulation

  • Implement RFP processes where it makes sense to aggressively leverage vendors and negotiate terms to reduce costs

  • Establish and implement purchasing standards, controls, policies and procedures

  • Vendor Management - Establish, build and maintain relationships with all key suppliers and identify opportunities to consolidate to reduce costs and improve service delivery

  • Assist with resolving discrepancies with supplier invoices, claims or quality issues

  • Use data and analytics, in conjunction with finance personnel, to define opportunities to reduce costs/spend levels, model financial and accounting impacts and engage business leadership to support

  • Establish and maintain measurable performance metrics to report third-party spend

  • Reduce internal FTE equivalent workload throughout the organization by consolidating and standardizing these processes

  • Perform other tasks as requested by ITI senior management and complete all company and job-related training as assigned within the required timelines.

  • Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Requirements:

  • Bachelor’s degree required

  • Pharmaceutical/life science/clinical trial experience is required

  • 12+ years’ experience in sourcing and purchasing

  • 8+ years’ experience leadership and managerial experience in complex organization

  • NAPM or APICS certification preferred

  • Strong negotiation skills

  • Project management skills

  • Strong contract review experience and procurement of services

  • Proven success in a senior procurement role in a high-growth environment and solid track record meeting cost reduction targets

  • Oracle Fusion training and experience preferred; other ERPs acceptable

  • Excellent communication skills (written and oral)

  • Ability to collaborate internally with other teams involved in the procure to pay process

  • Detail-oriented with outstanding organization and problem solving skills

  • Results driven team player who leads by example and takes full ownership of work

  • Demonstration of a high level of character and ethics acting in line with a clear and visible set of values & beliefs

  • Must be able to perform all essential functions of the position, with or without reasonable accommodation

Intra-Cellular Therapies is an Equal Employment Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, protected veteran status, disability or any other legally protected status.

Director of Procurement: Base Salary range $170K - $200K

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