Responsibilities The Director of Procurement will support the development of the Procurement team’s core functions including spend analysis, strategic sourcing, supplier management and purchasing strategies for goods and services. This role will leverage spend across the organization to optimize pricing benefits and terms of service through economies of scale. This individual will deliver consistent savings and value for Related’s property partners through effective negotiation and execution of strategic sourcing events. This position will report into the Vice President of Procurement and will be based in our New York office, operating on a hybrid work schedule. Responsibilities include but are not limited to: Support the development and implementation of the overall strategy and go forward vision for the procurement function Partner with the Vice President of Procurement to establish and update sourcing and procurement policies and procedures Identify and deliver opportunities to maximize cost savings, mitigate risks and enhance quality of services provided Conduct comprehensive spend analyses, market benchmarking and category analyses across various categories Lead competitive sourcing events by collaborating with internal stakeholders to define requirements and develop effective bid documentation Negotiate pricing, terms and services levels across a diverse range of goods and services Execute multiple purchasing initiatives while managing risk and optimizing available resources Monitor supplier performance, enforce SLAs, and drive continuous improvement across key supplier relationships and business units Serve as a trusted business advisor, providing strategic insights and recommendations to support procurement-related decisions Compensation The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package. Anticipated base salary range: $120,000 - $140,000 / year Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors. Qualifications Bachelor’s degree or MBA in a technical or business-related field Minimum 7 years of strategic sourcing experience, including purchasing strategy, contract negotiation and competitive price analysis Familiarity with real estate development and property management activities, including experience in the following categories: Building maintenance / repair services Property management operations Fixed assets / equipment purchases IT hardware / software / services Marketing / travel / consulting services Utilities / telecom Office supplies Strong analytical, project management and negotiation skills, with a record of delivering measurable cost savings and operational improvements Excellent communication and presentation skills, with the ability to interact with staff and leadership across all levels Highly self-motivated and results-oriented Ability to work autonomously and effectively in a fast-paced environment Related Companies is an equal opportunity employer. #TRC #LI-RB1 #HYBRID Overview Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $60 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side. Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related at www.related.com.