Senior Procurement Analyst

1 month ago

Chicago, United States HUB International Full time

ABOUT US

At HUB International, we are a team of entrepreneurs. We believe in empowering our clients, and we do so by protecting businesses and individuals in our local communities. We help businesses evaluate their risks and develop solutions tailored to their needs. We believe in empowering our employees. As a global firm, we offer employees resources in both technology and industry expertise, but we still maintain the local flavor of our offices. Our structure enables our teams to maintain their own unique, regional culture while leveraging support and resources from our corporate centers of excellence.

HUB is the 5th largest global insurance and employee benefits broker, providing a boundaryless array of property, casualty, risk management, life and health, employee benefits, investment and wealth management products and services. With over 17,000 employees in more than 650 offices throughout North America, HUB has grown substantially, in part due to our industry leading success in mergers and acquisitions.

Position Summary:

HUB International is seeking an exceptional practitioner who will primarily report to our Director of Procurement as a member of our Procurement team / Finance department, charged with securing savings, avoiding unnecessary costs, and deploying efficient procurement processes across the enterprise. This position will be based from our headquarters in Chicago, Illinois. The Senior Procurement Analyst will assist the CPO, Procurement Director and Procurement Manager by partnering with our business units and corporate departments on sourcing and procurement activities, and participating in the design, implementation and enforcement of policies, processes, systems, and results across the enterprise. In addition to helping to drive cost savings / cost avoidance, this position will have significant responsibility for supplier development and performance, including quality and lead-time reliability, as well as reporting and identification of demand management opportunities. The person in this role will have an opportunity to grow within the role and department, cementing their position in a function poised for continued success.


Essential Duties and Responsibilities:

  • Own all activities related to the RFP process including supplier research, RFP creation, submissions, timelines, total cost of ownership analysis, contract and term negotiation with final recommendation and any additional next steps. Monitor supplier performance through the life of the contract; Identify opportunities to drive value through improvements in supplier performance.
  • Manage communications in leading a team of internal constituents in supplier evaluation and selection processes.
  • Draft RFPs with project / service specifications and service level targets, questions that will help drive supplier differentiation, and proposed pricing models.
  • Manage all supplier communications throughout the RFP process.
  • Leverage business relationships to implement consumer facing cost savings projects and influence the business to drive procurement strategies
  • Utilize Microsoft Excel and other procurement applications to assist with financial and qualitative model development, with a focus on approaches inclusive of normalization of currency, total cost of ownership, lease vs. buy, etc.
  • Convert data / inputs from multiple sources into actionable information.
  • Ensure that selected suppliers meet or exceed Hub’s needs at a market competitive price point
  • Manage savings tracking and category management to ensure initial savings expectations are realized, and additional savings can be identified and captured
  • Assist colleagues with establishing supplier management standards and practices, inclusive of measuring suppliers against SLAs that are established as a result of the RFP / contracting process.
  • Work with internal stakeholders and develop new and repeat internal customers to build on-going relationships that serve as pipeline for future procurement activities
  • Continuously seek out cost savings opportunities and leads efforts to realize those savings.
  • Prepare and participate in various management presentations utilizing Microsoft PowerPoint
  • Extract relevant data from ERP systems (such as Oracle), spend analytics solutions (such as SpendHQ), and contract repositories.
  • Role will be handling multiple projects, or components thereof, while assisting other Procurement staff with more complex RFPs or special projects, on an as-needed basis
  • Travel up to 5% as required

Position Requirements:

  • Minimum of 2-5 years of Procurement or Strategic Sourcing related experience
  • Strong analytical, relationship, and communication skills
  • Detail oriented and a focus on accuracy
  • Purchasing and negotiation experience with outside vendors
  • Strong financial acumen with the ability to forecast expenditures
  • Advanced mastery of Microsoft Excel and/or other financial modeling tools
  • Must be action/results orientation with the ability to work with minimal oversight, to be self-motivated and proactive in achieving individual/team objectives.
  • Ability to work collaboratively and build strong relationships across the organization.
  • Must be comfortable with challenging the status quo to seek a better, more effective / efficient way of doing business
  • Experience with Reviewing and red-lining contracts, and coordinating with Legal, to protect the organization from undue risk and ensure that business issues agreed to during proposal / negotiation process are formally documented.
  • Category experience with enterprise IT categories such as IT Hardware, Software, Services and Software as a Service (SaaS). Outsourcing / BPO, and/or Real Estate a plus

Educational Requirements:

  • Bachelor's Degree in Business, Finance, Accounting, or related fields or commensurate Procurement / IT experience required


JOIN OUR TEAM

Do you believe in the power of innovation, collaboration, and transformation? Do you thrive in a supportive and client focused work environment? Are you looking for an opportunity to help build and drive change in a rapidly growing and evolving organization? When you join HUB, you will be part of a community of learners and doers focused on helping our leaders maximize the potential of their employees.

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