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Insmed Incorporated
NJ Corporate Headquarters, New Jersey, United States
(on-site)
Posted
1 day ago
Insmed Incorporated
NJ Corporate Headquarters, New Jersey, United States
(on-site)
Job Type
Full-Time
Job Function
Finance
Director, Procurement Strategic Sourcing
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
Director, Procurement Strategic Sourcing
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
Description
At Insmed, every moment and every patient counts - and so does every person who joins in. As a global biopharmaceutical company dedicated to transforming the lives of patients with serious and rare diseases, you'll be part of a community that prioritizes the human experience, celebrates curiosity, and values every person's contributions to meaningful progress. That commitment has earned us recognition as Science magazine's No. 1 Top Employer for five consecutive years, certification as a Great Place to Work® in the U.S., and a place on The Sunday Times Best Places to Work list in the UK.For patients, for each other, and for the future of science, we're in. Are you?
About the Role:
Insmed is seeking an experienced and strategic Director, Strategic Sourcing to lead and evolve our enterprise procurement function. Reporting to the Vice President, Strategic Finance, this leader will serve as a critical business partner across R&D, Commercial, Medical Affairs, and G&A functions - driving cost efficiency, supplier excellence, and contract value creation across the organization. This is a high-impact leadership role for a seasoned procurement professional who thrives in a dynamic, growth-oriented biopharmaceutical environment and is passionate about building scalable, best-in-class sourcing capabilities
What You'll Do:
In this role, you will define and execute Insmed's enterprise strategic sourcing strategy, aligned with corporate objectives and pipeline priorities.
You will also have responsibility for:
Strategic Leadership
- Serve as a trusted strategic advisor to senior leadership and cross-functional business partners on all procurement and sourcing matters
- Develop and continuously improve procurement policies, frameworks, and operating models to support Insmed's growth trajectory
- Lead category management across key spend areas including Clinical Operations, Commercial, IT, and Professional Services
Sourcing & Contracting
- Lead end-to-end sourcing processes including RFI, RFP, RFQ, and competitive bid management, with a focus on indirect/services categories.
- Drive complex, high-value contract negotiations with strategic suppliers, ensuring favorable terms, risk mitigation, and alignment with Insmed's values and compliance standards
- Implement and oversee contract lifecycle management (CLM) processes and tools
Supplier Relationship Management
- Build and manage a robust supplier performance management program, including KPI tracking, scorecards, and business reviews
- Identify, qualify, and onboard strategic suppliers that align with Insmed's quality, compliance, and ESG standards
- Proactively manage supplier risk across the portfolio, including financial, operational, and geopolitical risk
Team & Organizational Development
- Lead, mentor, and develop a high-performing procurement team; attract top talent and build organizational capability
- Foster a culture of continuous improvement, innovation, and collaboration within the procurement function
Financial & Operational Excellence
- Develop and maintain spend analytics, benchmarking, and procurement dashboards to drive data-informed decision-making
- Partner with Finance on budget planning, accruals, and procurement-related financial reporting
- Ensure compliance with internal controls, SOX requirements, and applicable regulatory standards
Who You Are:
You hold a bachelor's degree in Business, Supply Chain Management, Finance, Life Sciences, or a related field and have 10+ years of progressive procurement/strategic sourcing experience, with at least 4 years in a leadership role
In addition, you will have:
- Demonstrated experience in the biopharmaceutical, biotech, or life sciences industry
- Category Strategy Creation and Sourcing in Indirect/Services Categories
- Deep expertise in category management across clinical, commercial, and/or G&A spend categories
- Strong knowledge of contract law, procurement best practices, and supplier risk management
- Experience with procurement technology platforms (e.g., Oracle, Agiloft and ScanMarket)
- Exceptional stakeholder management and executive communication skills
Nice to have (but not required)
- Advanced degree (MBA or equivalent) preferred
- Professional certification: CPSM, CPM, or equivalent
- Familiarity with GxP procurement requirements and CDMO/CRO contracting
- Experience building or transforming a procurement function from the ground up
Travel Requirements
This role requires domestic and travel of approximately 10% based on business needs.
Where You'll Work
This is a hybrid role based out of our Bridgewater, NJ office. You'll work remotely most of the time, with in-person collaboration when it matters most.
#LI-SK1
#LI-SK - Hybrid
Pay Range:
$177,000.00-242,000.00 Annual
Life at Insmed
At Insmed, you'll find a culture as human as our mission-intentionally designed for the people behind it. You deserve a workplace that reflects the same care you bring to your work each day, with support for how you work, how you grow, and how you show up for patients, your team, and yourself.
Highlights of our U.S. offerings include:
- Comprehensive medical, dental, and vision coverage and mental health support, annual wellbeing reimbursement, and access to our Employee Assistance Program (EAP)
- Generous paid time off policies, fertility and family-forming benefits, caregiver support, and flexible work schedules with purposeful in-person collaboration
- 401(k) plan with a competitive company match, annual equity awards, and participation in our Employee Stock Purchase Plan (ESPP), and company-paid life and disability insurance
- Company Learning Institute providing access to LinkedIn Learning, skill building workshops, leadership programs, mentorship connections, and networking opportunities
- Employee resource groups, service and recognition programs, and meaningful opportunities to connect, volunteer, and give back
Eligibility for specific programs may vary and is subject to the terms and conditions of each plan.
Current Insmed Employees: Please apply via the Jobs Hub in Workday.
Insmed Incorporated is an Equal Opportunity employer. We do not discriminate in hiring on the basis of physical or mental disability, protected veteran status, or any other characteristic protected by federal, state, or local law. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Unsolicited resumes from agencies should not be forwarded to Insmed. Insmed will not be responsible for any fees arising from the use of resumes through this source. Insmed will only pay a fee to agencies if a formal agreement between Insmed and the agency has been established. The Human Resources department is responsible for all recruitment activities; please contact us directly to be considered for a formal agreement.
Insmed is committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation to participate in the job application or interview process, please contact us by email at TotalRewards@insmed.com and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this email address.
Applications are accepted for 5 calendar days from the date posted or until the position is filled.
For New York City Residents:
To assist in identifying candidates with qualifications matching those required and/or preferred for this role, Insmed uses an Automated Employment Decision Tool ("AEDT") that employs artificial intelligence to analyze and score information provided in resumes and application materials including, but not limited to, skills, work experience, education, and job-related qualifications. The AEDT does not make final hiring decisions and all final hiring decisions are subject to human oversight and/or review.
If you are an applicant for this role and a New York City resident, you have the right to request:
- A reasonable accommodation, if one is available under applicable law, by emailing TotalRewards@insmed.com; and/or
- An alternative selection process by emailing Privacy@insmed.com.
- Information about the type of data collected, the source of that data, and data retention practices related to the AEDT by emailing us at Privacy@insmed.com.
Job ID: 84697190
Insmed is a people-first global biopharmaceutical company striving to deliver first- and best-in-class therapies to transform the lives of patients facing serious diseases. We are dedicated to making a meaningful impact in patients’ lives as well as the communities where we live and work. Our team is guided by our core values of collaboration, accountability, passion, respect, and integrity.
Insmed is headquartered in Bridgewater, NJ, and has offices and research locations throughout the United States, Europe, and Japan....
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