Category Manager - Software Service Sourcing

Munich Reinsurance America, Inc; Princeton (NJ); On-site; USD 102,000 - 156,000; Full time

Benefits offered by this job

Health insurance

401k match

Paid holidays and PTO

Employee wellness program

Life and disability insurance

Retirement savings plan

Education assistance

Job summary

Munich Re America Services is seeking a Global Sourcing professional to own strategic procurement initiatives in Software and SaaS, with focus on value creation, supplier relations, and regulatory compliance. You will lead complex, high-spend projects and collaborate across levels of the organization.

You will contribute to the integration of a BU into global procurement, work across multiple locations including Princeton, NJ and Waltham, MA, and report to the Head of Global Sourcing Americas

Qualifications

• Degree in economics, engineering, supply chain management or a comparable qualification.
• Extensive experience in procurement with a proven track record of leading strategic sourcing and supplier management.
• Deep knowledge of Software / SaaS procurement or related roles.
• Experience in the insurance industry is a plus for procurement roles.
• Strong negotiation and contracting skills across global sourcing projects.
• Experience supporting global strategies across business units and countries.

Responsibilities

• Ensure strategic procurement processes including demand management, tenders, offer evaluations, contract negotiations, and implementation.
• Support the global Software / SaaS category team in developing sourcing, supplier, and risk strategies.
• Align and implement global procurement strategies across the organization.
• Build and maintain relationships with internal stakeholders and suppliers.
• Influence senior partners to support and execute sourcing strategies.
• Foster global interaction within Munich Re Group with procurement functions.
• Promote digital procurement tools and improve user satisfaction.
• Ensure sourcing activities comply with legal, regulatory, and CSR standards.

Skills

Procurement experience

Software / SaaS procurement

International negotiation

Analytical mindset

Communication skills

Education

Degree in economics, engineering, supply chain management or similar

Tools

e-sourcing platforms

AI analytics tools

Job description

All locations Boston, United States; Princeton, United States;

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

The Opportunity

Future focused and always one step ahead!

As part of the Global Sourcing Team and reporting to the Head of Global Sourcing Americas Technology you will take ownership of strategic procurement initiatives primarily in the subcategories of Software and Software as a Service. Other major spend areas include Professional Services and Insurance Data.

You will focus on delivering optimal sourcing solutions that create business value, strengthen supplier relationships, support digital transformation, and ensure compliance with regulatory and risk standards.

In this role, you will support the integration of a BU into the global procurement function which will include managing integration topics on a local level as well as leading complex, high-spend projects and collaborating with stakeholders across all levels of the organization.

Responsibilities

• Ensure strategic procurement processes including demand management, tenders, offer evaluations, contract negotiations, and implementation
• Support the global Software / SaaS category team in developing sourcing, supplier, and risk strategies, as well as shaping the process value chain
• Ensure alignment and implementation of global procurement strategies across the organization
• Build and maintain strong relationships with internal key stakeholders and suppliers
• Influence stakeholders and senior business partners to support and implement sourcing strategies
• Apply deep category and market knowledge to identify opportunities and drive results
• Foster global interaction with the procurement functions within Munich Re Group (e.g. ERGO)
• Promote the use of digital procurement tools and improve user satisfaction
• Ensure all sourcing activities comply with legal, regulatory, and corporate social responsibility standards

Qualifications

• Degree in economics, engineering, supply chain management or a comparable qualification
• Extensive experience in procurement, with a proven track record of leading strategic sourcing and supplier management
• Deep knowledge of Software / SaaS procurement or proven track record in related roles
• Prior experience in insurance industry preferred in procurement
• Proficient contract terminology and knowledge in developing alternative clauses where necessary in cooperation with the in-house Legal Departments
• Strong international negotiation and advanced contracting skills for complex sourcing projects
• Experience supporting global strategies across business units and countries
• Analytical, solution-oriented mindset with the ability to manage complexity
• Skilled in procurement tools and technologies, such as e-sourcing platforms, AI, and analytics software
• Excellent communication and presentation skills
• Customer-focused and confident working across all levels in an international environment

The Company is open to considering candidates in Waltham, MA and Princeton, NJ. The salary range posted below reflects market variations across both locations. The offer will be adjusted per geography.

The base salary range anticipated for this position is $101,700 - $155,900 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

The salary estimate is adjusted to reflect the varying market conditions across both locations, with the higher end being aligned with the Princeton, NJ job market. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded.
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.