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Procurement Manager in Princeton, NJ

Procurement Manager Job Description

Companies look for candidates with the business acumen and negotiating skills to negotiate favorable deals and contracts with vendors and suppliers. Strategic thinkers with the ability to devise procurement strategies that meet the organization’s needs and objectives are highly valued for this role. Procurement managers must also have the leadership and project management skills to manage and motivate a procurement team, set objectives and monitor progress. Candidates for this position typically have a bachelor’s degree in business, finance or a related field, plus five or more years experience in procurement or supply chain management.

Typical procurement manager duties:

Developing and implementing procurement policies, procedures, and best practices to ensure compliance with organizational standardsNegotiating and managing contracts with suppliers and subcontractors for the procurement of goods and servicesMonitoring supplier performance and addressing any issues arising from contractsCoordinating the RFP process, including evaluation of proposals and selection of vendorsSupervising the organization’s procurement team

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Salary for Procurement Manager in Princeton, NJ
102188 - 156563
25th percentile
102188
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
140313
The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.
75th percentile
156563
The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.
Projected salaries for related positions Position title 25th percentile 50th percentile 75th percentile Chief Financial Officer (CFO) – Corporate Accounting 242813 335313 402188 Vice President of Finance 206250 258750 313125 Corporate Controller 188750 230313 266563 Divisional Controller 140000 194688 220313 Assistant Controller 115625 152500 177500 Director of Finance 158125 208750 225938 Director of Accounting 156250 205313 225938 Treasurer 174688 265938 306250 Assistant Treasurer 97813 132188 154063 Financial Project Manager 134375 170625 207188 Forensic Accountant 105938 131875 152188 Property Accountant 85313 97813 117500 Plant Controller 130938 150625 163750 Procurement Specialist 57188 73125 89063

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