Procurement Manager

HUB International; Chicago (IL); On-site; USD 100,000 - 125,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

401(k) with company match

Paid time off

Bonuses / equity potential

Job summary

HUB International, headquartered in Chicago, Illinois, is seeking a Procurement Manager to join the Procurement team. You will partner with business units and corporate departments to secure savings, manage supplier performance, and enforce procurement policies across the enterprise.

The role offers growth opportunities within a dynamic organization with strong M&A heritage. The position reports to the Director of Procurement and requires 5–7 years in procurement/strategic sourcing, advanced

Qualifications

• Bachelor's degree required in Business, Finance, Accounting, or related field.
• 5–7 years of procurement or strategic sourcing experience.
• Advanced Excel and financial modelling skills.
• Experience with RFP processes, contract review, and supplier negotiations.

Responsibilities

• Own all RFP activities: research, creation, submissions, timing, TCO analysis and negotiations.
• Lead supplier evaluation and selection processes across stakeholders.
• Draft RFPs with service specs, SLAs, and pricing models.
• Negotiate pricing, terms, and service levels to optimize cost and reduce risk.
• Drive cost savings initiatives and supplier performance improvements.
• Utilize data from ERP/AP systems to support sourcing decisions.
• Travel up to 5% as required.

Skills

Analytical skills

Communication skills

Relationship management

Self-motivated

Collaborative

Contract review

Education

Bachelor's degree in Business/Finance/Accounting

Tools

Microsoft Excel

Financial modeling tools

ERP systems

Job description

About Us

At HUB International, we are a team of entrepreneurs. We believe in protecting and supporting the aspirations of individuals, families, and businesses. We help our clients evaluate their risks and develop solutions tailored to their needs. We believe in empowering our employees to learn, grow, and make a difference. 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 a global insurance and employee benefits broker, providing a boundaryless array of business insurance, employee benefits, risk services, personal insurance, retirement, and private wealth management products and services. With over $5 billion in revenue and almost 20,000 employees in 600 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 report to our Director of Procurement as a member of our Procurement team department, charged with securing savings, avoiding unnecessary costs, and deploying efficient procurement processes across the enterprise. This position will be based at our headquarters in Chicago, Illinois. The Procurement Manager will assist the Director and other members of the Procurement team 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 the contract lifecycle and partner with internal stakeholders on renewals. 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.


• Negotiate pricing, terms, and service levels across software, hardware, and professional services agreements to optimize cost and reduce risk.


• Leverage business relationships to implement cost savings projects and influence the business to drive procurement strategies.


• Utilize Microsoft Excel and other procurement applications to build cost models and pricing comparisons across multiple vendor proposals to support data-driven sourcing decisions.


• 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.


• Identify and implement tools and technologies that streamline procurement processes and improve efficiency.


• Extract relevant data from ERP / APsystems, spend analytics solutions, and contract repositories.


• Role will be handling multiple projects, or components thereof, while assisting junior Procurement staff with RFPs or other projects, on an as-needed basis.


• Travel up to 5% as required.

Position Requirements

• Minimum of 5 - 7 years of Procurement or Strategic Sourcing related experience.


• Strong analytical, relationship, and communication skills.


• Detail oriented and a focus on accuracy.


• 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 general office products / services, travel, HR 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 International, you will be part of a community of learners and doers focused on our Core Values: entrepreneurship, teamwork, integrity, accountability, and service.

The expected salary range for this position is $100,000 to $125,000 and will be impacted by factors such as the successful candidate’s skills, experience and working location, as well as the specific position’s business line, scope and level. HUB International is proud to offer comprehensive benefit and total compensation packages which could include health/dental/vision/life/disability insurance, FSA, HAS and 401(k) accounts, paid-time-off benefits such as vacation, sick, personal, floating holidays and company holidays. In addition, eligible annual bonuses, equity and commissions may be available for some positions.

Department Accounting & Finance

Required Experience: 5-7 years of relevant experience

Required Travel: Negligible

Required Education: Bachelor's degree (4-year degree)

E-Verify Program

HUB International Limited is an equal opportunity employer that does not discriminate on the basis of race/ethnicity, national origin, religion, age, color, sex, sexual orientation, gender identity, disability or veteran's status, or any other characteristic protected by local, state or federal laws, rules or regulations.

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