Procurement Manager
Pmc
Los Angeles, CAThis was removed by the employer on 12/28/2023 1:22:00 PM PST
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This is a Full Time Job
Penske Media Corporation (PMC) is a pioneer in digital media and a platform innovator. Our brands include Variety, Rolling Stone, The Hollywood Reporter, Billboard, The Golden Globes, The American Music Awards, WWD, SHE Media, and many others. We are not an agency; we own and operate these brands.
We are seeking a highly motivated and experienced Procurement Manager who will be responsible for sourcing and procurement related to televised live event entertainment production and working with the events and finance teams to manage the live event spend and budgets. We are seeking a candidate with extensive experience in overall cost reduction, contract negotiations, with some knowledge of production accounting and finance, and an understanding of production spend related to live events.
The Procurement Manager will report to the Senior Director of Procurement and work closely with the SVP of Production as well as other key stakeholders including the line producers and production finance/accounting team to ensure the success of all procurement initiatives and the company goals and objectives.
Key Responsibilities:
• Collaborate with cross-functional teams and key stakeholders to determine business requirements, analyze event production spend, and develop and execute buying strategies
• Identify vendors and manage key vendor relationships to ensure they meet the business requirements and industry trends and regulations
• Participate in RFx development, issuance, and evaluation
• Negotiate pricing and contract terms for optimal savings and terms to the best interest of the company
• Provide support to members of procurement, production, finance, and accounting, to align spend activities with the company's goals and objectives
• Manage components of the production budget, spend and financial analysis, along with other duties as assigned
Qualifications:
• 5 years of experience in procurement, preferably in the live event production industry
• Experience in all areas and categories of indirect sourcing and procurement with exceptional negotiation skills
• Ability to read, comprehend, redline, and negotiate contract terms and conditions
• Strong analytical skills with proficiency in Microsoft Office products and experience in using procurement or accounting software
• Strong ability to communicate with business owners, legal, and vendors, with an ability to work independently and as part of a team
• Familiarity with the entertainment industry and union regulations with an understanding of live event production and financial planning is a plus
Typical wage range: $90k - $100k annual discretionary bonus. Factors that could be used to determine your actual salary may include your specific skills, years of experience and comparison to current employees already in this role. The typical candidate is hired below midpoint of the range. The total compensation package for this position will also include other elements, a full range of medical, financial, and/or other benefits including 401(k) eligibility and paid time off benefits.
PMC is committed to the health and wellness of our employees. As part of our company-wide rollout of PMC’s paid healthcare plan, for this role the company pays 100% of the monthly health, dental and vision plan premiums for the employee and their family. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If you have more or less experience than specified on this job posting, please apply and list your salary expectations.
If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors).
It’s all About You…
At PMC, your wellness is top of mind. We offer a comprehensive benefits package to nurture you and your loved ones, including pets! Our package includes Healthcare (medical, dental, and vision) HSA with an employer contribution, FSA (Healthcare, Dependent Care & Commuter), EAP, Life Insurance, 401K with an employer match, Paid Parental Leave, Long-term Disability, generous Paid Time off (PTO), Pet Insurance, and Home & Auto insurance. Our Wellness initiatives rotate yoga, meditation, wellness weeks on a variety of topics, and financial wellness. We continuously elevate our offerings with more, for you.
About PMC:
Penske Media Corporation (PMC) is a leading global media and information services company whose award-winning content attracts a passionate monthly audience of over 300 million globally. Since 2004, PMC has been a pioneer in digital media, reaching viewers on all screens across its ever-growing constellation of iconic brands. PMC is committed to fostering a working environment that is inclusive, diverse, and responsible. We value a work culture built on all backgrounds, voices, and experiences. Our greatest wins have stemmed from collaboration, teamwork, and information sharing across our company and brands. PMC’s journalists and content creators deliver daily the most comprehensive news and information, unequaled in ambition, depth, and courage. In addition, PMC owns several vital cultural events such as SXSW, LA3C, Life is Beautiful, Latin Music Week and ATX Television Festival. Headquartered in New York and Los Angeles with additional offices in 14 countries worldwide, PMC believes companies should not only be profitable but also forces for good. For more information on the company, please visit www.PMC.com