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Procurement Manager

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
84000 - 129250
Low
84000
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
114750
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
High
129250
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Chief Financial Officer 195500 269750 321750 Corporate Controller 152000 185000 213250 Divisional Controller 118750 161750 176250 Assistant Controller 94000 122500 142000 Plant Controller 111000 125000 136000 Director of Financial Reporting 129000 160750 184750 Senior Financial Reporting Accountant 90750 100750 111750 Financial Reporting Manager 111250 135500 159250 Financial Reporting Accountant 74250 85250 99250 Director of Accounting 126500 165000 183250 Cost Accounting Manager 98250 114750 127750 Senior Cost Accountant 83500 96250 106500 Cost Accountant 71750 79000 93000 Accounting Manager 96750 113000 127500 Senior Accountant 80000 94750 109000 Staff Accountant 61000 73750 87750 Entry-Level Staff Accountant 54750 62000 69000 Senior Accountant – Financial Services 85000 102750 114250 Accountant – Financial Services 72500 89250 103250 Entry-Level Accountant – Financial Services 61000 75000 87250 Forensic Accountant 86750 109750 123750 Property Accountant 70250 80500 94250 Procurement Specialist 47750 61000 74500 Accounting Specialist 45000 50500 54750

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.