Director, Sourcing & Strategic Initiatives

** Position Summary
** As a leader within Sourcing and Procurement, this role will develop and execute category management strategies for global indirect procurement sub-categories, including competitive sourcing and strategic negotiations. The position will be responsible for optimizing spend, strengthening supplier relationships, and enhancing both colleague and client experience—all while driving value and ensuring alignment with the firm’s objectives. The individual in this role will collaborate across teams to drive strategic procurement initiatives and foster long-term, high-value vendor partnerships.

Key Areas of Focus and

Job Responsibilities:

* ** Category Management and Strategy Development**:
Develop and execute sourcing strategies for sub-categories within IT and Non-IT ensuring alignment with the broader business goals and objectives of Ryan Specialty. Identify opportunities for cost savings, risk mitigation, and process optimization within the sub-categories.
* ** Strategic Sourcing**:
Competitively source through engagement of strategic suppliers (i.e., RFx) and application of industry knowledge. Ensure all sourcing projects have clear objectives including financial and operational benefits, aligned with business stakeholders.
* ** Special Projects and Initiatives:
** Lead cross-functional projects within the Sourcing/Procurement function to address complex, high-impact challenges that support the organization’s strategic priorities. These initiatives will focus on business process design and improvement, risk mitigation, and ensuring compliance with corporate standards, while also identifying opportunities to add value for the firm.
* ** Team Support & Development**:
Coach and mentor junior team members to help build a cohesive and high-performing team.
* ** Stakeholder Collaboration**:
Collaborate with key internal stakeholders to understand business needs and create tailored sourcing strategies that deliver value across the firm.
* ** Savings Identification & Tracking**:
Support and deliver annual savings within the sourcing function. Includes the identification of savings opportunities & valuation.
* ** Negotiation & Contract Management**:
Support negotiations to ensure favorable contract terms that meet business requirements and assist with the execution of complex agreements and SLAs.
* ** Drive Innovation**:
Contribute to sourcing initiatives that drive innovation, cost savings, and operational efficiency in line with the firm’s broader business strategies.
* ** Risk & Compliance Management**:
Partner with these teams to ensure sourcing strategies and supplier relationships align with the firm's compliance requirements and risk management frameworks.

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities.

This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.#
** How We Support Our Teammates
** Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target salary range for this position is $ - $ annually.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and…