Procurement Specialist
1 month ago
Job Title: Procurement Specialist – Long term contract
Location: Chicago Loop – Hybrid schedule
Industry: Insurance
Pay: $32 - $36/hour
About Our Client:
Addison Group is seeking a Procurement Specialist for our client, an international specialty insurance organization that provides innovative solutions for brokers, agents, and insurance carriers.
Job Description:
The Procurement Specialist will manage supplier relationships, lead sourcing activities, and negotiate contracts. This role involves working cross-functionally to identify process improvements and provide administrative support to the Procurement Department.
Key Responsibilities:
- Support Vice President and Procurement Manager in all procurement activities.
- Maintain the procurement inbox, assigning requests to appropriate team members.
- Provide analytical support and lead RFI, RFQ, and RFP processes.
- Develop scope of work and bid documents for RFPs with internal customers.
- Conduct supplier proposals and negotiations.
- Implement cost reduction initiatives and execute supplier performance management.
- Draft and prepare contractual documents including Master Agreements, NDAs, and Statements of Work.
- Maintain contracts database and run reports for executive leadership.
- Verify and approve requisitions in Workday.
- Perform additional administrative duties as needed.
Qualifications:
- Bachelor’s degree.
- 5 years of procurement experience.
- Experience reading and understanding contracts.
- Proficiency in Workday is highly preferred.
- Strong computer skills, including Excel, Word, and PowerPoint.
- Knowledge of contractual terms and conditions, intellectual property issues, and legal risks.
- Excellent written and verbal communication skills.
- Proven ability to build strong relationships with colleagues, internal partners, and external vendors.
- Ability to manage change, work under pressure, handle multiple projects, and meet deadlines independently.
Perks:
- Opportunity to work with a leading specialty insurance organization.
- Gain valuable experience in procurement and supplier management.
- Collaborative and supportive work environment.
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