Senior Sourcing Specialist

American Family Insurance; Madison (WI); Hybrid; USD 78,000 - 128,000; Full time

Job summary

A leading insurance company seeks a Senior Sourcing Specialist to manage strategic sourcing initiatives and supplier relationships. This role involves collaborating with stakeholders, negotiating contracts, and optimizing costs while ensuring procurement excellence. Ideal candidates possess extensive sourcing knowledge and strong project management skills, all within a collaborative team environment.

Benefits

Comprehensive medical, dental, and vision benefits

401(k) contribution and pension plan

Paid time off program (23 days accrued annually)

Student loan repayment program

Paid family leave

9 paid holidays

Qualifications

• Demonstrated experience in providing customer-driven solutions.
• Extensive knowledge of sourcing practices including RFxs and contract negotiation.
• Solid knowledge of supplier performance management and project management techniques.

Responsibilities

• Define the scope and strategy for sourcing events and lead cross-functional teams.
• Develop contract terms and conditions by negotiating with suppliers.
• Serve as a subject matter expert for assigned supplier contracts.

Skills

Contract negotiation

Supplier performance management

Project management

Market intelligence

Sourcing practices

Customer-driven solutions

Job description

Join to apply for the Senior Sourcing Specialist role at American Family Insurance

4 days ago Be among the first 25 applicants

Join to apply for the Senior Sourcing Specialist role at American Family Insurance

As a Senior Sourcing Specialist supporting Corporate Services specifically HR (including benefits, talent acquisition, talent development and inclusive excellence) at American Family Insurance Group, you will play a pivotal role in driving strategic sourcing initiatives and managing supplier relationships to ensure the procurement of high-quality products or services at competitive prices. You will collaborate closely with internal stakeholders to understand their needs, develop sourcing strategies, and negotiate contracts that align with the company's goals and objectives. Your expertise in sourcing, contract management, and supplier risk management will be essential in optimizing costs, mitigating risks, and enhancing the overall value delivered to the organization.

Position Compensation Range

$78,000.00 - $128,000.00

Pay Rate Type

Salary

Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.

Primary Accountabilities

• Defines the scope and strategy for medium to high complexity sourcing events. Identifies, develops and qualifies sourcing opportunities based on spend, value opportunity, risk and resource availability. Develops and presents proposed objectives, strategy and project plan to business partners and sponsors, obtains approvals and aligns sponsorship and resources needed to move project into active execution. Leads cross functional teams to successful outcomes.
• Develops contract terms and conditions by negotiating with suppliers, involving internal subject matter experts as appropriate, to achieve mutually beneficial outcomes while supporting overall business objectives.
• Serves as a subject matter expert for assigned supplier contracts. Assures compliance with contract approval process and adherence to contract standards. Assists and supports stakeholders in contract management from award to completion or termination.
• Markets the value of strategic sourcing to management and internal customers. Provides reporting to business unit leaders to help them understand spend, sourcing project activity, risks, opportunities and results.
• Establishes, develops and maintains productive senior business leader relationships with assigned business units to understand their business objectives and sourcing needs. Serves as the key point of contact to assigned business units for sourcing needs. Uses knowledge of business unit`s operations and goals to determine current and future sourcing needs and requirements.
• Leads the entire sourcing process for RFxs, renewals, new contracts, etc. and oversees the project management process (e.g. scope, time, communication, risk mitigation, change management). Continuously identifies opportunities for process improvements and improved services for stakeholders.
• Uses knowledge of business unit operations, market intelligence and defined sourcing objectives to facilitate the evaluation of complex competitive offerings and determine best overall offer for a product or service. Compares supplier bids across financial parameters and identifies expected timing of savings/value cash flows. Assesses qualitative trade-offs between the different supplier proposals.
  
  

Specialized Knowledge & Skills Requirements

• Demonstrated experience providing customer-driven solutions, support or service.
• Extensive knowledge of sourcing practices including RFxs, contract negotiation, market intelligence.
• Solid knowledge and understanding of supplier performance management techniques.
• Solid knowledge employing advanced end-to-end strategic sourcing processes, practices and tools to large, complex spend categories.
• Demonstrated experience leading medium to large projects.
• Solid knowledge and understanding of contract negotiation techniques.
• Solid knowledge and understanding of project management practices.
• Solid knowledge and understanding of goods and services contract terms.
• Solid knowledge and understanding of preparing reports, charts and presentations.
• Demonstrated experience with project management methodologies, practices, techniques and tools.
  
  

In this flex office/home role, you will be expected to work a minimum of 10 days per month from one of the following office locations: Madison, WI 53783; Boston, MA 02110

Candidates must reside within a 50-mile radius of the office location (or 35-mile radius for Boston).

Licenses

• Not applicable.
  
  

Travel Requirements

• Up to 10%.
  
  

Physical Requirements

• Work that primarily involves sitting/standing.
  
  

Working Conditions

• Not applicable.
• Identify opportunities to streamline sourcing process, implement best practices and drive continuous improvement initiatives
• Provides guidance and mentorship to team members, fostering a culture of continuous learning and development
• Able to work independently with guidance as needed for complex situations
  
  

We encourage you to apply even if you do not meet all of the requirements listed above. Skills can be used in many different ways, and your life and professional experience may be relevant beyond what a list of requirements will capture. We encourage those who are passionate about what we do to apply!

We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits.

We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Purchasing and Supply Chain

• Industries

  Insurance

Referrals increase your chances of interviewing at American Family Insurance by 2x

Get notified about new Senior Sourcing Specialist jobs in Madison, WI.

Madison, WI $78,000.00-$128,000.00 5 days ago

Verona, WI $110,000.00-$125,000.00 2 weeks ago

Madison, WI $78,000.00-$120,000.00 3 weeks ago

Senior Procurement Specialist - Direct Materials

Specialist, Inventory and Procurement (Onsite)

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.