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Senior Sourcing and Vendor Management Analyst
Erie Indemnity Company
Erie, PA, United States
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Division or Field Office:
Office Of The President
Department of Position:
Treasury Department
Work from:
Corporate Office in Erie, PA
At Erie Insurance, you’re not just part of a Fortune 500 company; you’re also a valued member of a diverse and inclusive team that includes more than 5,000 employees and over 2,200 independent agencies. Our Employees work in the Home Office complex located in Erie, PA, and in our Field Offices that span 12 states and the District of Columbia. To attract and retain the best talent, we reward our team members with competitive salaries and a very generous benefits package.
Position Summary
Partners with internal customers to drive successful results from sourcing and vendor management initiatives. Works with management and customers to develop and implement sourcing strategies in line with division and corporate objectives. Analyzes vendor performance against agreed upon service level agreements.
This position will have a focus on vendor management, contract management, and relationship management.
Duties and Responsibilities
Identifies, develops, and leads sourcing strategies for the organization. Partners with key stakeholders to define and implement effective strategies that will support ERIE in sourcing and vendor management.
Develops and leverages a broad view of the agreements with vendors to obtain better terms and prices on behalf of the business stakeholders. Utilize knowledge and relationships with vendors to create enterprise-wide efficiency and cost effectiveness.
Ensures effective management of business stakeholders' vendor portfolios. Leads teams focused on managing the entire portfolio including current vendor service and the reputation, resources and expertise of potential vendors. Ensures that stakeholder purchases support the organization's business strategy.
Leads key procurement activities, including request for expenses, development and execution, statement of work, contract drafting, and pricing and contract negotiations.
Develops metrics and standards for performance in all vendor categories. Monitors vendor performance and takes appropriate action if vendor service falls below predetermined threshold.
Develops, establishes, implements and enforces supplier and outsourcer guidelines, obligations and service level agreements to the organization. Enforces company policies, as well as legal and contractual best practices when dealing with suppliers.
Creates strategies for motivating vendors to provide the quality of service expected by ERIE's stakeholders.
Manages governance and control programs to ensure business continuity, protection of company assets, and compliance with corporate, contract and regulatory policies.
Performs market research to analyze trends and gather information that will support internal customers, reduce costs, and develop sourcing strategies.
Evaluates financial aspects and key cost drivers markets to effectively develop analysis and apply procurement strategy development.
Conducts benchmarking and industry assessments to identify best practices and successfully implement initiatives within the ERIE processes and culture.
Utilizes support tools and communications platforms to demonstrate the development and implementation of strategies.
Completes special projects as required.
Competencies
Ability To Learn And Follow Procedures
Ability to Manage Complexity
Business Acumen
Decision Making
Developing And Maintaining Relationships
Influencing Skills
Information Management Skills
Interpersonal Communication
Job-Specific Knowledge
Planning And Organizing
Presentation Skills
Problem Analysis
Resourcefulness
Service Orientation
Switching Tasks
Time Management
Qualifications
Minimum Required Education Equivalents • Bachelor's degree in business, finance, MIS or related discipline and four years experience in purchasing and/or vendor management required; or • Associate's degree in business, finance, MIS or related discipline and six years experience in purchasing and/or vendor management required; or • High school diploma or GED and eight years experience in purchasing and/or vendor management required. Working knowledge of word processing, spreadsheet and project management software required. Strong knowledge of purchasing regulations and laws required. Familiarity and technical competence in purchasing management software or automated procurement systems required. Strong working knowledge of insurance industry preferred. Certified Purchasing Manager designation preferred. Knowledge of contracts relationship to financial/operation reporting preferred.
Physical Requirements
Lifting 0-20 lbs; Occasional (<20%)
Lifting 20-50 lbs; Occasional (<20%)
Lifting Over 50 lbs; Rarely
Driving; Occasional (<20%)
Pushing/Pulling; Rarely
Manual Keying/Data Entry; Frequent (50-80%)
Climbing; Rarely