Commercial Lines - Operations Specialist II - III - Procurement Manager

Cincinnati Insurance Company; Fairfield (OH); On-site; USD 137,000 - 175,000; Full time

Benefits offered by this job

Annual bonus

Stock incentives

Career development opportunities

Job summary

The Cincinnati Insurance Companies, headquartered in Fairfield, Ohio, seeks an experienced Procurement Manager to lead all third-party sourcing and contracting for Commercial Lines. You will manage supplier relationships and ensure alignment with enterprise standards and regulatory requirements, driving value and risk controls across the portfolio.

The ideal candidate has deep P&C sourcing experience, strong negotiation and analytical skills, and a track record of delivering cost savings, SLAs,

Qualifications

• 5+ years of procurement, strategic sourcing, or category management experience, with at least 3 years in the Property & Casualty insurance industry (required).
• Demonstrated experience sourcing and negotiating contracts for Commercial Lines products or services.
• Proven success managing supplier relationships, including performance management and dispute resolution.

Responsibilities

• Develop and execute a category strategy tailored to Commercial Lines operations.
• Lead sourcing strategy, RFI/RFP processes, vendor selection, and contract negotiations.
• Identify cost savings, process improvements, and risk mitigation with tier 1 suppliers.
• Collaborate with leadership to understand operational needs and identify third-party solutions.
• Serve as the Commercial Lines point of contact for enterprise procurement, legal, and risk teams.
• Ensure compliance with corporate policies and regulatory controls.
• Drive supplier performance management with SLAs, KPIs, and scorecards.
• Analyze spend and performance data to extract actionable insights.
• Maintain knowledge of Commercial Lines operations and industry best practices.

Skills

Procurement strategy

Sourcing

Contract negotiation

Data analysis

Vendor management

RFI/RFP processes

Cross-functional collaboration

Regulatory compliance

Tools

Contract management software

Spend analytics tools

Job description

MAKE A DIFFERENCE Share your talents and develop your skills as you build a career in a professional environment with a personal feel.

Description

Make a difference with a career in insurance

At The Cincinnati Insurance Companies, we put people first and apply the Golden Rule to our daily operations. To put this into action, we’re looking for extraordinary people to join our talented team. Our service-oriented, ethical, knowledgeable, caring associates are the heart of our vision to be the best company serving independent agents. We help protect families and businesses as they work to prevent or recover from a loss. Share your talents to help us reach for continued success as we bring value to the communities we serve and demonstrate thatActions Speak Louder in Person®.

If you’re ready to build productive relationships, collaborate within a diverse team, embrace challenges, and develop your skills, then Cincinnati may be the place for you. We offer career opportunities where you can contribute and grow.

Build your future with us

Our Commercial Lines Administration department is seeking a highly experienced and business-savvy Procurement Manager to lead all procurement activities for the Commercial Lines business unit. This strategic role is responsible for managing the full third-party lifecycle—sourcing, contracting, and supplier relationship management—while ensuring alignment with enterprise-level standards, controls, and regulatory requirements.

This individual will partner closely with Commercial Lines leadership and enterprise procurement functions to source and manage solutions that directly support the operation and performance of our Commercial Lines products. The ideal candidate brings deep sourcing experience within the P&C insurance industry, preferably with a focus on Commercial Lines, and has strong contract negotiation, analytical skills, and business acumen.

This position is based at our Headquarters in Fairfield, Ohio.

The pay range for this position is $137,465 - $174,930 annually. The pay determination is based on the applicant’s education, experience, location, knowledge, skills, and abilities. Eligible associates may also receive an annual cash bonus and stock incentives based on company and individual performance.

Be ready to

• develop and execute a category strategy tailored to Commercial Lines operations, leveraging market intelligence and spend analytics
• lead sourcing strategy, RFI/RFP processes, vendor selection, and negotiation of contracts for Commercial Lines-related third-party engagements
• proactively identify cost savings, process improvements, and risk mitigation opportunities with tier 1 suppliers
• collaborate with Commercial Lines leadership and stakeholders to understand operational needs and identify third-party solutions that deliver measurable value
• serve as the Commercial Lines point of contact for enterprise procurement, legal, compliance, and risk teams to ensure third-party engagements
• comply with all corporate policies, regulatory requirements, and controls
• drive supplier performance management, including the development of SLAs, KPIs, performance scorecards, business reviews, and billing/invoice validation
• conduct detailed data analysis to extract actionable insights from spend, usage, and performance data across multiple sources and formats
• maintain knowledge of Commercial Lines operations, business objectives, and industry best practices to ensure procurement decisions align with enterprise objectives

Be equipped with

• demonstrated experience sourcing and negotiating contracts for Commercial Lines products or services
• proven success managing supplier relationships, including performance management and dispute resolution
• strong understanding of how Commercial Lines insurance operations are structured and how third-party services support them
• advanced contract negotiation skills, including redlining, drafting, and managing legal/commercial terms
• exceptional analytical skills; ability to synthesize large, complex data sets into strategic insights
• experience collaborating cross-functionally in a matrixed or decentralized environment
• prior experience in Commercial Lines Category Management (preferred)
• familiarity with insurance regulatory compliance related to third-party risk (preferred)

Core Competencies

• strategic thinking and business acumen
• influencing and negotiation
• data interpretation and decision support
• relationship management and collaboration
• compliance and risk awareness

Bring education and experience from

• 5+ years of procurement, strategic sourcing, or category management experience, with at least 3 years in the Property & Casualty insurance industry (required)

Enhance your talents

Providing outstanding service and developing strong relationships with our independent agents are hallmarks of our company. Whether you have experience from another carrier or you’re new to the insurance industry, we promote a lifelong learning approach. Cincinnati provides you with the tools and training to be successful and to become a trusted, respected insurance professional – all while enjoying a meaningful career.

Enjoy benefits and amenities

Your commitment to providing strong service, sharing best practices and creating solutions that impact lives is appreciated. To increase the well-being and satisfaction of our associates, we offer a variety of benefits and amenities .

Embrace a diverse team

As a relationship-based organization, we welcome and value a diverse workforce. We grant equal employment opportunity to all qualified persons without regard to race; creed; color; sex, including sexual orientation , gender identity and transgender status ; religion; national origin; age; disability; military service; veteran status; pregnancy; AIDS/HIV or genetic information; or any other basis prohibited by law. All job applicants have rights under Federal Employment Laws. Please review this information to learn more about those rights.