Team Lead - Source-to-Pay (S2P) Center of Excellence & Performance Optimization

Description & Requirements The energy of a newsroom, the pace of a trading floor, the buzz of a recent tech breakthrough; we work hard, and we work fast - while keeping up the quality and accuracy we're known for. It's what keeps us inventing and reinventing, all the time. Our culture is wide open, just like our spaces. We bring out the best in each other through collaboration. Through our countless volunteer projects, we also help network with the communities around us, too. You can do outstanding work here. Work you couldn't do anywhere else. It's up to you to make it happen. Role Overview S2P Center of Excellence (CoE) & Performance Optimization team leads the execution and continuous improvement of the global Source-to-Pay operating model. This role is responsible for driving operational excellence across S2P processes, governance, reporting & analytics, and enabling technologies. The lead partners closely with Sourcing, Procurement Ops, Accounts Payable, Finance, Shared Services, and Engineering teams to ensure S2P operates efficiently, compliantly, and in alignment with enterprise objectives. The role combines process leadership, data-driven performance management, digital enablement, and people leadership to improve service levels (SLAs), key performance indicators (KPIs), and business value delivery. Key Responsibilities Process Excellence & Governance Lead continuous improvement initiatives across the end-to-end S2P lifecycle (Sourcing, Contracting, Procure-to-Pay, Supplier Management). Standardize and optimize global processes, policies, and controls to improve efficiency, compliance, and scalability. Maintain and evolve S2P governance frameworks, including RACI, process documentation, and control environments. Identify operational risk gaps and implement mitigation strategies. Performance Management & Analytics Manage centralized S2P reporting and analytics capabilities, delivering actionable insights across spend, compliance, cycle times, and operational performance. Establish and monitor KPIs and SLAs in partnership with Procurement Operations, Accounts Payable, and Shared Services. Leverage data to identify automation, cost optimization, and efficiency opportunities. Support leadership with executive ready business updates, reporting and performance dashboards. Partner with Finance Systems, Engineering, and SAP teams to execute the S2P technology roadmap. Lead implementation and enhancement initiatives across S2P platforms. Identify and support automation and AI/ML use cases to improve process efficiency and data accuracy. Oversee day-to-day administration and optimization of S2P systems. Transformation & Project Delivery Lead or support cross-functional transformation initiatives across process, policy, and system domains. Develop business cases for process improvements and technology investments. Drive disciplined program management and change management practices to ensure adoption and sustainable results. Cross-Functional Partnership Serve as a primary liaison across Sourcing, Vendor Risk and Compliance, Procurement Operations, Buyer teams, AP, Shared Services, SAP Business Solutions, Engineering, and SAP BW. Translate business requirements into actionable technology and reporting solutions. Lead and develop a team of analysts (product owners, process specialists, and technology analyst). Foster a culture of accountability, continuous improvement, and innovation. Continue to build functional capabilities in data analytics, data insights, automation, and process optimization. Skills & Experience Bachelor’s degree required, advanced degree a plus. 8–12 years of progressive experience in Procurement, Finance, Shared Services, Supply Chain, or Transformation roles. Strong working knowledge of the end-to-end S2P lifecycle. Experience leading continuous improvement or process optimization initiatives. Demonstrated experience managing cross-functional projects and technology implementations. Strong analytical skills with experience in reporting, dashboards, and data-driven decision-making. Familiarity with ERP systems (e.g., SAP) and procurement tools (Ariba, Icertis, Guided Sourcing). Strong understanding of risk management and internal controls. Excellent stakeholder management and communication skills. Proven people leadership experience with the ability to develop and coach teams. Salary Range = 200000-240000 USD Annually+ Benefits + Bonus The referenced salary range is based on the Company's good faith belief at the time of posting. Actual compensation may vary based on factors such as geographic location, work experience, market conditions, education/training and skill level. We offer one of the most comprehensive and generous benefits plans available and offer a range of total rewards that may include merit increases, incentive compensation (exempt roles only), paid holidays, paid time off, medical, dental, vision, short and long term disability benefits, 401(k) +match, life insurance, and various wellness programs, among others. The Company does not provide benefits directly to contingent workers/contractors and interns. Discover what makes Bloomberg unique - watch our podcast series for an inside look at our culture, values, and the people behind our success. #J-18808-Ljbffr Bloomberg