Vendor Management - Procurement Analyst I-IV

Cincinnati Financial; Fairfield (OH); Hybrid; USD 65,000 - 100,000; Full time

Benefits offered by this job

Hybrid work option

Job summary

The Cincinnati Insurance Companies in Fairfield, Ohio, is seeking a procurement analyst to support spend analysis, supplier performance, onboarding, and third-party risk reviews at our Headquarters. Some roles offer a hybrid work option depending on responsibilities.

The position emphasizes analytical skills, Excel, dashboards, and collaboration with cross-functional teams. Salary ranges from $65,000 to $100,000 with potential bonus and stock incentives based on performance.

Qualifications

• Bachelor's degree in supply chain management, business administration, finance, economics, risk management, data analytics, insurance or related field.
• Experience in procurement, supplier management, vendor management, third-party risk management, business analysis, supply chain or related disciplines.
• Familiarity with procurement, sourcing, contract lifecycle management or supplier management platforms such as Zip, Coupa, GEP, SAP, Oracle or Workday (preferred).
• Experience with reporting and analytics tools such as Power BI, Tableau, SQL or Alteryx (preferred).
• Professional certifications such as CPSM, CPM, PMP or Lean Six Sigma (preferred).

Responsibilities

• Provide analytical support to category managers through spend analysis, supplier assessments and market research.
• Provide analytical support to category managers through benchmarking and business case development.
• Provide analytical support to category managers through sourcing initiative support and supplier evaluation.
• Develop and maintain supplier scorecards and KPI dashboards.
• Develop and maintain SLA, risk and operational performance tracking.
• Develop reporting for quarterly business reviews and supplier governance meetings.
• Guide stakeholders through supplier onboarding and third-party risk review processes.
• Coordinate reviews among procurement, legal, information security, privacy, compliance and enterprise risk teams.
• Track review progress, communicate milestones and support issue resolution.
• Build strong relationships with business stakeholders and provide a high-touch customer experience throughout the supplier lifecycle.
• Identify opportunities to improve procurement, supplier management and third-party risk processes through reporting, automation and workflow enhancements.
• Support development and maintenance of procurement policies, governance documentation and operational excellence initiatives.

Skills

Analytical skills

Communication

Excel

Dashboards

Prioritization

Stakeholder management

Cross-functional coordination

Collaboration

Process improvement

Education

Bachelor's degree in supply chain management

Tools

Power BI

Tableau

SQL

Alteryx

Job 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 that Actions 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 Enterprise Vendor Management Office department is currently seeking a procurement analyst. This role supports the Enterprise Vendor Management Office, Strategic Sourcing and Third-Party Risk Management functions by providing analytical support for supplier performance, procurement value realization and third-party onboarding and risk review processes.

This position is based at our Headquarters in Fairfield, Ohio. Some departments at our Headquarters offer a hybrid work option that may vary depending on your role and responsibilities.

The pay range for this position is $65,000 - $100,000 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:

• provide analytical support to category managers through spend analysis, supplier assessments and market research
• provide analytical support to category managers through benchmarking and business case development
• provide analytical support to category managers through sourcing initiative support and supplier evaluation
• develop and maintain supplier scorecards and KPI dashboards
• develop and maintain SLA, risk and operational performance tracking
• develop reporting for quarterly business reviews and supplier governance meetings
• guide stakeholders through supplier onboarding and third-party risk review processes
• coordinate reviews among procurement, legal, information security, privacy, compliance and enterprise risk teams
• track review progress, communicate milestones and support issue resolution
• build strong relationships with business stakeholders and provide a high-touch customer experience throughout the supplier lifecycle
• identify opportunities to improve procurement, supplier management and third-party risk processes through reporting, automation and workflow enhancements
• support development and maintenance of procurement policies, governance documentation and operational excellence initiatives

Be equipped with:

• strong analytical and quantitative problem-solving skills
• excellent written and verbal communication abilities
• advanced Microsoft Excel skills, including data analysis, pivot tables and reporting
• experience creating dashboards, scorecards and executive-level reporting
• ability to manage multiple priorities and deadlines in a fast-paced environment
• strong customer service and stakeholder management capabilities
• experience coordinating cross-functional processes involving numerous stakeholders and approval groups
• collaborative approach to working with procurement, finance, legal, risk, compliance, privacy and information security teams
• continuous improvement mindset focused on efficiency, governance and risk management

Bring education and experience from:

• a bachelor's degree in supply chain management, business administration, finance, economics, risk management, data analytics, insurance or a related field
• experience in procurement, supplier management, vendor management, third-party risk management, business analysis, supply chain or related disciplines
• familiarity with procurement, sourcing, contract lifecycle management or supplier management platforms such as Zip, Coupa, GEP, SAP, Oracle or Workday (preferred)
• experience with reporting and analytics tools such as Power BI, Tableau, SQL or Alteryx (preferred)
• professional certifications such as CPSM, CPM, PMP or Lean Six Sigma (preferred)

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 apprec