Director of Procurement

Join us today as the Director of Procurement! First Business Bank is a Top Workplaces USA company, learn more here. At the heart of First Business Bank, we believe success comes down to putting people first. Our people are our priority — they embody ambition, experience, and client focus. The result is extremely engaged employees who provide unmatched client satisfaction. With comprehensive total rewards to support our team members, a commitment to valuing each other’s differences, and a focus on improving our communities, we are confident you’ll find the experience is your advantage. We’re delighted you’re considering joining us! Work Model: Remote, requiring one day at our Madison, WI headquarters each month. Position Overview The Director of Procurement provides centralized oversight of the Company’s end-to-end procurement-to-payment process. This includes establishing sourcing and vendor strategies aligned with business needs, financial objectives and risk appetite. This is a senior level, individual contributor role with the primary responsibility of building a procure to pay process with an annual spend of approximately $30 million across approximately 300 vendors that can scale as the company grows. The individual will be expected to foster strong cross-functional collaboration with Finance, Legal, IT, Operations, and business leaders. The position reports to the Chief Risk Officer, with a functional or dotted-line relationship to the Chief Accounting Officer for financial controls, accounts payable integration, and budgeting. Essential responsibilities for this role include: Strategic Sourcing and Procurement (50%). Develop and lead the company’s strategic sourcing program across key categories of spend through disciplined, transparent, competitive and risk informed processes. Establish and document sourcing standards, including business-case requirements, competitive-bid expectations, exception protocols, and delegated approval authorities. Oversee supplier proposals, bid processes, pricing and business term negotiations. Identify and deliver measurable opportunities for cost savings, cost avoidance, demand management, supplier consolidation, contract optimization, and process efficiency. Coordinate periodic vendor evaluations, risk review and issue resolutions in partnership with Compliance through the lifecycle of the contract. Accounts Payable and Finance Coordination (30%). The role is responsible for ensuring that procurement and payment processes are efficient, appropriately controlled, supported by complete and accurate records, and executed in accordance with delegated authority. Own and continuously improve the end-to-end P2P process, including requisitioning, vendor payment data maintenance, invoicing, approvals, payment workflows, and the integration of P2P systems. Partner with finance to identify and eliminate bottlenecks, reduce manual work, and improve data quality across purchasing and Accounts Payable processes using key performance indicators. Support Finance and business leaders in vendor-spend forecasting, budget preparation, and accrual identification. Design and monitor controls over vendor creation and changes, purchasing authority, invoice approval, employee expense process, sponsorships process, and documentation standards. Reporting and Analytics (10%). Establish transparent, decision-useful reporting and performance analytics that enable management of enterprise spend, procurement value, supplier performance, process efficiency, control compliance, and material issues. Develop recurring reporting appropriate to the Company’s governance structure and the significance of procurement, supplier, and P2P matters. Provide trend analysis and actionable recommendations to management. Monitor timely completion of due diligence and periodic reviews; document and escalate overdue items, exceptions, residual risks, control deficiencies, contractual concerns, and significant supplier issues. Establish op…

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