Sourcing Analyst (Technology)

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals.  All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

Job Summary:

We are seeking an experienced Sourcing Analyst to be responsible for developing sourcing strategies, maintaining relationships with suppliers, coordinating internal teams' supply needs, negotiate contracts, and ensure that we secure the best possible value and minimize risks in our supply chain. The ideal candidate will have a proven track record of success in sourcing with strong focus in Information Technology (Software, Hardware & Telecom) and IT Services.

Main Accountabilities:

• Identify potential Technology suppliers through market research and develop a network of vendors
• Conduct RFx, evaluate and analyze supplier proposals to determine the best fit for the company's needs
• Negotiate contracts with IT suppliers, ensuring favorable terms for the company
• Manage existing supplier relationships to ensure high-quality and cost-effective solutions
• Collaborate with cross-functional teams to identify cost savings opportunities and implement procurement strategies
• Maintain accurate records of supplier contracts, pricing, and performance
• Perform cost and scenario analysis and benchmarking.
• Assess risks within the supply chain and apply risk minimizing techniques.

Qualifications:

• Bachelor’s degree in business administration, Supply Chain Management, Finance, Information Technology or a related field.
• Minimum of 5 years’ experience in sourcing and procurement preferably in a fast-paced environment.
• Information Technology contract and negotiation experience is preferred (SaaS, EULAs, Equipment Purchase Agreements, etc.) and IT Services (MSAs & SOWs).
• Strong negotiation skills and ability to build and maintain effective supplier relationships
• Ability to analyze data and make informed decisions to improve procurement processes
• Strong project management skills with the ability to manage complex projects and multi-task effectively
• Excellent communication skills, both written and verbal
• Proficient in Microsoft Office suite and experience with procurement software and tools
• Commitment to ethical procurement standards and understanding of global supply chain risks.

Compensation:  

Our compensation reflects the cost of labor across several U.S. geographic markets. The base pay for this position ranges from $85,500/year in our lowest geographic market up to $115,000/year in our highest geographic market.  Pay is based on a number of factors including market location and may vary depending on job-related knowledge, skills, and experience.

Benefits Highlights:  

Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package. Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.  Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability, and to enroll in the Company’s Employee Assistance Program and other wellness initiatives.  Employees may also participate in the Company’s 401K plan, with matching contributions by the Company. 

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