Sourcing Analyst
West Bend Insurance Company
full-time
Posted on:
Location Type: Hybrid
Location: West Bend • Wisconsin • United States
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Salary
💰 $77,204 - $108,087 per year
About the role
- Support and/or lead sourcing events, which may include RFIs, RFPs and competitive bid processes, in partnership with internal stakeholders.
- Conduct commercial, pricing, and spend analysis to support sourcing recommendations, contract negotiations, and vendor selection decisions.
- Draft, review, and negotiate contracts, amendments, and renewals in collaboration with Legal, Vendor Management and internal stakeholders.
- Support contract and vendor lifecycle governance activities, including onboarding, performance monitoring, issue resolution, and renewals.
- Maintain accurate vendor, contract, and sourcing documentation within contract management systems.
- Prepare analyses, summaries, and recommendations for leadership to support sourcing, vendor and contract-related decisions.
- Collaborate cross-functionally to ensure sourcing and contract activities align with enterprise policies, risk considerations and business objectives.
- Identify opportunities for process improvement, standardization, and enhanced data quality within sourcing and vendor management activities.
Requirements
- 3+ years of procurement, contract, sourcing, or vendor management experience.
- Knowledge of contract terms, conditions, and legal requirements and regulations.
- Demonstrated experience supporting or leading sourcing events, contract negotiations, or vendor selection processes.
- Strong analytical skills, including experience with spend analysis, pricing models, or financial evaluation of vendor proposals.
- Ability to translate data and analytics into clear recommendations for internal stakeholders and leadership.
- Experience working cross-functionally with Legal, Finance, Information Technology and internal stakeholders.
- Strong written and verbal communication skills.
- Ability to manage multiple priorities.
- High attention to detail and judgment.
- Approachable with strong listening skills.
- P & C Insurance or Technology category experience preferred.
- Bachelor’s degree, equivalent experience, or combination
Benefits
- Medical & Prescription Insurance
- Health Savings Account
- Dental Insurance
- Vision Insurance
- Short and Long Term Disability
- Flexible Spending Accounts
- Life and Accidental Death & Disability
- Accident and Critical Illness Insurance
- Employee Assistance Program
- 401(k) Plan with Company Match
- Pet Insurance
- Paid Time Off
- Standard first year PTO is 17 days, pro-rated based on month of hire.
- Enhance d PTO may be available for experienced candidates
- Bonus eligible based on performance
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
procurementcontract managementsourcingvendor managementspend analysispricing modelscontract negotiationsdata analysisfinancial evaluationprocess improvement
Soft Skills
analytical skillscommunication skillsattention to detailjudgmentlistening skillsability to manage multiple prioritiescollaborationapproachabilityrecommendation translationcross-functional teamwork