Executive Director Global Procurement

Company Background:

Regeneron is a leading biotechnology company that invents, develops, and commercializes life-transforming medicines for people with serious diseases. Founded and led for 35 years by physician-scientists, Regeneron's unique ability to repeatedly and consistently translate science into medicine has led to numerous FDA-approved treatments and product candidates in development, almost all of which were homegrown in Regeneron's laboratories. Regeneron's medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, pain, hematologic conditions, infectious diseases, and rare diseases. Headquartered in Tarrytown, NY, Regeneron has 13,300 employees.

Our commitment to patients extends well beyond our labs. We are proud to support the communities we serve, to embrace a culture and business model of patients over profits and to hold the highest ethical standards when it comes to patient well-being. Regeneron’s ethos of Doing Well by Doing Good centers around three responsibility focus areas: 1) Improve the lives of people with serious disease 2) Foster a culture of integrity and excellence and 3) Build sustainable communities.

Regeneron’s 2023 revenues were greater than $13 Billion. Key products of Eylea, Dupixent, and Libtayo are all blockbuster products with Eylea and Dupixent in the top 10 pharmaceuticals on market by revenue. Notably, all 12 products marketed by Regeneron were discovered and developed internally. Despite being a large cap biopharma company, Regeneron anticipates significant growth over the coming years primarily due to growth of on-market products and returns from significant R&D investment. Regeneron plans $4.4B in R&D investment this year with 35 products in clinical development with a pipeline focused on Ophthalmology, Immunology, and Oncology therapeutic areas.

Team Description:

The Global Procurement team is investing in resources both to support team growth and anticipated growth in spend. The vision is to build a procurement capability that acts as a competitive advantage to Regeneron and evolve the organizational structure to focus the team on end-to-end category accountability and invest in appropriate category leadership, including further development of our center of excellence and establishing an international markets procurement team. The global Procurement team will be structured with category teams having end-to-end accountability for category management, sourcing, contracting, and supplier relationship management for assigned categories. These category teams will be enabled by procurement colleagues in an expanded Center of Excellence, an International Markets team, and a Capability Center all accountable for driving consistency and efficiency.

Culture:

Regeneron leads with science and our global procurement team will play a critical role in enabling our scientific advancements. Our vision is to build a procurement capability that acts as a competitive advantage to Regeneron.

This is a great opportunity to join us and help to shape and drive the development of the new organization and realize our vision.

Key Accountabilities:

• Accountable for leading, defining, and implementing the Global Indirect Category strategy to serve global and regional business needs.

• Works closely with stakeholders to lead discussions related to the Indirect Categories of Professsional Services, IT, Travel and Meetings, and HR and aligns category priorities with Procurement management and stakeholders.

• Leads negotiations, supplier management activities, and stakeholder engagement activities for the Indirect Category as assigned.

• Works independently to drive value in terms of cost savings, cash flow improvement, and other efficiency savings from category management activities.

• Represents Global Procurement by participating in organizational decisions in the Indirect categories with critical short and long-term impact on the success, efficiency, growth, and results of the organization and company.

• Demonstrates knowledge of efficient global procurement organizations and processes within the biopharmaceutical industry to support the growth and evolution of the Global Procurement organization and leverages this knowledge to drive improvements within Regeneron, aligned with corporate priorities.

• Leads category activities to ensure compliance with appropriate GxPs and other applicable regulations.

• Negotiates contract terms and conditions in consultation with Law department aligned with Regeneron’s priorities and business requirements.

• Manages team of professional level employees responsible for performing category management tasks

• Provides coaching and guidance on job performance and career development to direct reports and provides leadership examples for the organization.

• Uses data to drive decision-making for successful category projects.

• Coaches proficiency on procurement technical skills among Global Procurement team.
  

Job Requirements:

• The role requires a bachelor's degree in a relevant field of study plus progressive experience in procurement, preferably including substantial experience in Pharma/BioPharma.

• Experience successfully leading global categories teams, processes, and suppliers across a breadth of categories

• Builds influential relationships with stakeholders and suppliers to drive results for Regeneron.

• The candidate should demonstrate success leading cross-functional teams to drive results in Indirect categories or related categories through effective sourcing, negotiations, contracting, and supplier relationship management.

• Provide expert insight and knowledge regarding rates, unit costs, and costing structures to enable optimal negotiations.

• Uses external data sources, market information, and supplier engagement to constantly improve Regeneron’s kowledge of supply market dynamics.

• Individual who is experienced operating with integrity, focus, and clarity in an environment of ambiguity to drive change and improvement.

• Demonstrated success leading and directing the global supply market evaluation process using all available market intelligence, risk, compliance, and financial assessment tools.

• Acts as the primary relationship manager to the supplier's global leadership team.

• Experience leading manager level professionals in a multi-national firm including writing performance reviews, setting annual objectives, coaching, and developing direct reports.

• Working knowledge with sourcing contracting tools, ERP’s, and eRFx systems preferred. (Oracle, Zycus, Ariba, Other)

• Ability to leverage standard business applications for communicating, presenting and analyzing (Word, Excel, Powerpoint)

$255,000.00 - $424,900.00