Vice President, Procurement ($219,000.00 - $283,100.00)

Position Summary:

The Vice President, Procurement Strategy defines and executes the comprehensive supply chain, strategic sourcing, commodity management, and procurement strategy for the Irvine Company Apartment Communities division. This role collaborates directly with executive leadership to establish strategic roadmaps, optimize vendor networks, and mitigate enterprise-wide organizational risk. Strategic supplier negotiations and eProcurement integration are directed by this role to enable scalable growth across the division. Cross-divisional collaboration, financial efficiency, and team performance excellence are driven to ensure long-term operational resilience. 

Key Responsibilities:

• Lead, mentor, and develop a high-performing procurement strategy team through coaching and the establishment of strategic, measurable performance goals.
• Direct the Apartments procurement strategy function, executing enterprise-wide strategic sourcing, bidding, and contract management across multiple communities.
• Drive cross-divisional and category management strategies to optimize pricing, quality, and service standards while right-sizing the supply base to support thousands of active units and future development pipelines.
• Establish vendor scorecards to evaluate and benchmark vendor performance; strategically assess utilization of vendors including the growth or shrinkage of the division’s vendor pool across all categories of service.
• Manage end-to-end supplier and commodity performance, establishing Key Performance Indicators, Service Level Agreements, and Service Assessments to ensure strict adherence to scopes of work.
• Own the division’s procurement budgeting and financial management by identifying hard-dollar cost savings initiatives, exploring alternative revenue opportunities, and delivering spend analytics to support executive decision-making.
• Establish and enforce audit, compliance, and enterprise risk mitigation frameworks to monitor insurance requirements, supplier licensing, liability protection, and corporate governance adherence in master agreements.
• Direct eProcurement system strategy and continuous platform enhancements as the executive sponsor for Coupa, leveraging advanced analytics and reporting to maximize system efficiency.
• Manage eProcurement catalog utilization to eliminate rogue spend, reduce manual order errors and shrink purchase order cycle times.
• Oversee revenue share programs and rebate agreements to ensure strategic partner compliance and collections optimization.
• Lead divisional alignment with the centralized Procurement function, standardizing cross-functional workflows, compliance protocols, and enterprise initiatives.

Additional Skills:

• Effective communication and presentation skills.
• Experience with electronic procurement platforms, such as Coupa, to manage strategic sourcing workflows and reporting.
• Experience with Google Workspace applications is a plus.

Preferred Education:

• Bachelor’s Degree
• MBA or equivalent advanced degree is a plus

Preferred Years of Relevant Work Experience:

• 10+ years 

Additional Requirements:

• Travel Required: Occasional local travel to visit business partners and properties within the portfolio.

Minimum Qualifications / Other Expectations: