Strategic Sourcing Specialist

About the role

Are you looking to make an impactful difference in your work, yourself, and your community? Why settle for just a job when you can land a career? At ICW Group, we are hiring team members who are ready to use their skills, curiosity, and drive to be part of our journey as we strive to transform the insurance carrier space. We're proud to be in business for over 50 years, and its change agents like yourself that will help us continue to deliver our mission to create the best insurance experience possible. Headquartered in San Diego with regional offices located throughout the United States, ICW Group has been named for ten consecutive years as a Top 50 performing P&C organization offering the stability of a large, profitable and growing company combined with a focus on all things people. It's our team members who make us an employer of choice and the vibrant company we are today. We strive to make both our internal and external communities better everyday! Learn more about why you want to be here! PURPOSE OF THE JOB The purpose of the Strategic Sourcing Specialist is to provide full-service enterprise strategic sourcing and vendor management services as well as drive operational efficiency with the strategic sourcing process by implementing tools and procedures to streamline the strategic sourcing process and support strategic enterprise initiatives. This position will manage relationships with team members and ensure the best value is achieved through the strategic sourcing process. ESSENTIAL DUTIES AND RESPONSIBILITIES Executes on organizational goals and strategic plans for the PVMS Department. Leads the execution of initiatives for the PVMS department that support the strategic sourcing goals of the organization. Manages the ongoing planning and monitoring of department projects focused on efficiency, innovation, risk reduction and cost savings. Plans and executes strategic sourcing, contract negotiations and vendor management activities and operations in compliance with corporate policies, applicable law, and effective cost management principles. Fosters collaborative relationships with internal stakeholders involved in procurement programs. Fosters effective procurement infrastructure and leads continuous improvement to ensure alignment with company initiatives. Develops an understanding of the needs of assigned business stakeholders to generate creative solutions and persuasive arguments that deliver effective and timely procurement results. Assists in the development and maintenance of policies, procedures, tools, and guidelines for the company. Trains and conveys value of RFx sourcing, and contract negotiation to team members and stakeholders to ensure standards for purchasing are met. Understands developing trends in the market through analysis and recommends continuous improvement processes/tools based to achieve targeted metrics for strategic sourcing, contract negotiation and vendor management success. Leverages data to engage and educate vendors and internal customers in the policies, tools, processes, and benefits of effective procurement partnerships. Prepares market analysis or data related to procurement, contracts, and vendor management as necessary. Designs and manages complex data sets and contract negotiation strategies. Performs complex procurement efforts and research necessary to implement cost savings initiatives for assigned commodities via development of category strategies reflecting market conditions. Uses logic and considerable independent judgment to analyze information and evaluate solutions, conclusions or approaches to execute negotiation strategies and tactics that will enhance company's negotiation position and outcomes. Develops reporting metrics tracking and management, creates presentations of information and statistics on procurement operations. Manages procurement vendor communications and relationships. Manages relationships with current and prospective vendors, and other external constituencies involved in strategic sourcing efforts. Performs outreach to identify and foster potential relationships with diversity vendors. Demonstrates versatility in a constantly evolving environment. Serves as trusted advisor; uses influence to generate favorable positions and strategies for contract negotiations. Provides recommendations to leaders on vendors, best practices, negotiations, and other aspects of procurement based on assigned categories. Facilitates alignment and effective communication with internal and external stakeholders to drive optimal outcomes for the company. Mentors new team members within the PVMS Department. Provides strategic sourcing and contract negotiation mentorship and guidance to team members. Contributes to the performance management of the team directing discrete tasks. Acts as a resource for team members to answer questions and provide guidance related to complex problems. Ensures data quality, adherence to IT and complianc

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