AAA Life Insurance Company

Procurement Analyst

AAA Life Insurance Company

full-time

Posted on:

Location Type: Office

Location: Livonia • Missouri • 🇺🇸 United States

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Job Level

JuniorMid-Level

About the role

  • Collect, track, and analyze Vendor Risk Management (VRM) and Service Level Agreement (SLA) data to drive procurement improvements.
  • Develop and maintain dashboards to provide actionable insights into vendor performance, SLA compliance, contract expirations and procurement trends.
  • Provide reporting to stakeholders to support decisions and highlight cost savings and process optimization opportunities.
  • Enhance and streamline our current SLA tracking program to increase scalability.
  • Monitor the VRM mailbox for new VRMs, ensuring vendor records are updated and tracked.
  • Conduct and distribute VRM Completeness Checks to confirm all vendors have completed the VRM process.
  • Track and escalate overdue VRMs, ensuring timely completion and compliance.
  • Prepare and send monthly VRM status reports to key stakeholders, outlining pending tasks, VL responsibilities, and upcoming due dates.
  • Partner with business units to define clear, measurable SLAs and ensure vendor liaisons (VLs) conduct quarterly reviews to assess compliance and address any deviations.
  • Analyze procurement workflows and VRM/SLA data to identify risks, inefficiencies, and opportunities for improved accuracy.
  • Develop and recommend strategies to enhance vendor accountability and ensure alignment with business objectives.
  • Identify and assess risks related to SLA or VRM non-compliance, escalating issues and coordinating remediation with business units and appropriate level of management.
  • Develop contingency plans to address potential disruptions and ensure continuity of service with minimal impact.
  • Act as a liaison between procurement, vendors, and internal business units to ensure effective SLA and VRM management.
  • Support the procurement team by organizing vendor review meetings and performance check-ins.

Requirements

  • Bachelor’s degree in Finance, Business Administration, Supply Chain Management, Accounting, or related field.
  • A minimum of two (2) years of experience working with vendor management processes, reporting, analytics, and assessments of impacts on the company.
  • Experience with procurement processes and systems, reporting tools, SLA tracking and cost accounting strongly preferred.
  • Knowledge of data analysis and development of statistical/financial data for utilization in the formulation of reports with recommendations.
  • Strong analytical and problem-solving skills with a track record of process improvements.
  • Proficiency in MS Office Suite and financial software packages.
  • Knowledge of Procurement/Accounting software applications considered a plus.
  • Strong relationship-building skills.
  • Ability to communicate effectively at various levels within the organization.
  • Ability to work independently.
Benefits
  • Health insurance
  • 401(k) retirement plans
  • Paid time off (PTO)

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
Vendor Risk ManagementService Level Agreementdata analysisprocurement processesreportinganalyticscost accountingstatistical dataprocess improvementscontingency planning
Soft skills
analytical skillsproblem-solving skillsrelationship-building skillscommunication skillsindependencestakeholder managementorganizational skillscollaborationattention to detailstrategic thinking