Sr. Sourcing Specialist

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

Job summary

A leading company in the insurance sector is looking for a Senior Sourcing Specialist in Madison, WI. The role focuses on providing strategic sourcing and procurement support for IT, involving contract negotiations and supplier relationship management. As a key figure in the sourcing process, the specialist will ensure high-quality service delivery while optimizing costs and enhancing overall value.

Qualifications

• Experience providing customer-driven solutions and leading medium to large projects.
• Solid knowledge of RFxs and supplier performance management techniques.

Responsibilities

• Define and strategize sourcing events based on spend and value.
• Negotiate contract terms and manage supplier relationships.
• Oversee sourcing process for RFxs and new contracts.

Skills

Sourcing

Procurement

Contract Negotiation

Supplier Management

Project Management

Job description

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

2 days ago Be among the first 25 applicants

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

Provide sourcing and procurement support for the Information Technology (IT) organization, driving strategic sourcing initiatives and managing supplier relationships. Ensure the procurement of high-quality products and services at competitive prices. Collaborate with internal stakeholders to understand their needs, develop sourcing strategies, and negotiate contracts that align with the company's goals. Provide expertise in sourcing, contract management, and supplier risk management will be essential in optimizing costs, mitigating risks, and enhancing overall value.

Job Description

Primary Accountabilities

• Scope and Strategy: You will define and strategize medium to high complexity sourcing events. You will identify and qualify opportunities based on spend, value, risk, and resources. You will present objectives and plans to business partners, obtain approvals, and align resources for execution. You will lead cross-functional teams to successful outcomes.
• Contract Development: You will negotiate contract terms with suppliers, involving internal experts as needed, to achieve mutually beneficial outcomes while supporting business objectives.
• Contract Management: You will act as a subject matter expert for assigned supplier contracts. You will ensure compliance with approval processes and contract standards. You will support stakeholders in contract management from award to completion or termination.
• Value Marketing: You will promote the value of strategic sourcing to management and internal customers. You will provide reporting to business unit leaders on spend, sourcing activities, risks, opportunities, and results.
• Relationship Management: You will build and maintain productive relationships with senior business leaders to understand their objectives and sourcing needs. You will serve as the key contact for sourcing needs and determine current and future requirements.
• Sourcing Process Leadership: You will oversee the entire sourcing process for RFxs, renewals, and new contracts. You will manage project processes (e.g., scope, time, communication, risk mitigation, change management). You will identify opportunities for process improvements and enhanced services.
• Vendor Risk Assessment. Lead the process to identify inherent risk and criticality of vendor goods and/or services. Coordinate with internal risk partners to quantify risk and validate appropriate risk mitigation activities to limit impact to identified risk factors and ensure responsible engagement with our vendors.
• Evaluation: You will use market intelligence and sourcing objectives to evaluate complex competitive offerings. You will compare supplier bids across financial parameters and identify expected savings/value cash flows. You will assess qualitative trade-offs between supplier proposals.

Specialized Knowledge & Skills Requirements

• Need to have sourcing and procurement support for the Information Technology (IT) organization.
• 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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Information Technology

• Industries

  Insurance

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

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

Madison, WI $78,000.00-$128,000.00 1 week ago

Madison, WI $78,000.00-$128,000.00 6 days ago

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

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

Senior Procurement Specialist - Direct Materials

Specialist, Inventory and Procurement (Onsite)

Madison, WI $50,000.00-$60,000.00 2 weeks ago

Human Resources Talent Acquisition Specialist

Madison, WI $67,000.00-$109,000.00 18 hours ago

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