Procurement Manager

At Franklin Templeton, we’re advancing our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we provide opportunities to help you reach your potential while helping our clients reach theirs. Come join us in delivering better outcomes for our clients around the world! Procurement Manager Reporting to the Director within Enterprise Vendor Management, the Procurement Manager leads an offshore team responsible for day-to-day tactical procurement activities. The team ensures speed, compliance, and cost control across the organization while managing supplier onboarding, catalog enablement, tactical sourcing, purchase order execution, invoice exception resolution, and tactical contract management. This is a hands-on leadership role where success is measured by cycle time, accuracy, compliance, supplier performance, and stakeholder satisfaction. Team members collaborate closely with stakeholders and legal partners to maintain high standards and deliver value. Location: Florida, Maryland, Massachusetts and other locations may be considered (East Coast time zone preferred); may be hybrid or remote. How You Will Add Value Core Responsibilities - You will lead and coach an offshore team responsible for tactical procurement execution You will oversee supplier onboarding, catalog enablement, and tactical sourcing activities You will manage purchase order processing and invoice exception resolution You will handle tactical contract management and ensure compliance with policies You will run RFQs / RFPs and make award recommendations for low-to-mid complexity spend Strategic Responsibilities - You will set performance expectations, SLAs (Service Level Agreements), and KPIs (Key Performance Indicators) You will drive standardization, process discipline, and continuous improvement initiatives You will analyze procurement data and report KPIs to senior management for strategy development You will lead initiatives to improve customer experience, automation, and Procure-to-Pay adoption You will enforce global vendor management policies and procedures Teams & Collaboration - You will act as escalation point for procurement, supplier, and stakeholder issues You will collaborate with Legal, Risk, AP (Accounts Payable), and Compliance to resolve onboarding blockers You will partner with business stakeholders to set expectations and drive value You will manage supplier relationships at an operational level to ensure performance What Will Help You Be Successful in This Role Education, Experience, and Skills - Bachelor’s degree in accounting, finance, or related field, or combination of education and work experience 7 years’ procurement industry experience Microsoft Office (advanced Excel with macros and PowerPoint skills), SharePoint Experience with procurement concepts, processes, systems, tools Experience in strategic sourcing (RFIs / RFPs) and contract review and negotiation Demonstrated ability to lead projects independently and as part of a team Works independently, requires minimal guidance Player coach with initiative to deliver results Solves complex problems; takes a new perspective Proven people leadership and management skills Results driven with attention to detail and the ability to move quickly while staying organized Strong research, problem solving, and communication skills (verbal and written) Continuous improvement mindset Contract management experience preferred Additional Desired Qualifications - Understanding of procurement, finance and accounting principles, budgeting, and reconciliation Experience with a Procurement system (i.e. Coupa or Ariba) a plus Familiarity with contract lifecycle management (CLM) tools Experience supporting indirect spend categories Experience in a regulated industry or complex enterprise environment preferred Compensation: Franklin Templeton offers employees a competitive and valuable range of total rewards—monetary and non-monetary — designed to support their well-being and recognize their time, talents, and results. Along with base compensation, employees are eligible for an annual discretionary bonus, a 401(k) plan with a generous match, and recognition rewards. We also offer a comprehensive benefits package, which includes a range of competitive healthcare options, insurance, and disability benefits, employee stock investment program, learning resources, career development programs, reimbursement for certain education expenses, paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program. We expect the base salary for this position to range between $125K - $150K, depending on location and level of relevant experience, plus discretionary bonus. #LI-US #Hybrid Experience our welcoming culture and reach your professional and personal potential! Our culture is shaped by the variety of perspectives and experiences brought by talent from around the world. Regardless of your interests, lifestyle, or background, there’s a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life. By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health, saving for life’s adventures, taking care of your family members, or making a positive impact in your community, we aim to have your needs covered. Learn more about the wide range of benefits we offer at Franklin Templeton. Highlights of our benefits include: Three weeks paid time off the first year Medical, dental and vision insurance 401(k) Retirement Plan with 85% company match on your pre-tax and/or Roth contributions, up to the IRS limits Employee Stock Investment Program Tuition Assistance Program Purchase of company funds with no sales charge Onsite fitness center and recreation center* Onsite cafeteria* *Only applicable at certain locations Learn more about the wide range of benefits we offer at Franklin Templeton Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. If you believe that you need an accommodation or adjustment to search for or apply for one of our positions, please send an email to accommodations@franklintempleton.com. In your email, please include the accommodation or adjustment you are requesting, the job title, and the job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response. When you become part of Franklin Templeton, you’ll join a company dedicated to progress. A company that doesn’t settle. One where we pursue our ambitions with energy and persistence. That’s why it’s so important that we empower and encourage the progress of our employees. From our welcoming, inclusive, and flexible culture – to our global and diverse business, we provide opportunities to help you reach your potential while contributing to ours. At Franklin Templeton, we embrace individual differences and value experience and perspectives brought by talent from around the world. And, although we are all different, we all have one thing in common – we are dedicated to what we do. So whether you’re just starting your career journey, are well on your way, or are seeking a new direction, you’'ll find the support you need to grow your career with us. Come, join us, and help us shape the future of the global asset management industry!