Procurement Analyst

Starr Insurance•New York, NY

23d

About The Position

Starr, a global leader in commercial insurance, is seeking a Procurement Analyst to support the Senior Director of Procurement. This role is crucial in managing external vendor relationships and meeting the needs of internal business stakeholders. The Procurement Analyst will be involved in supplier negotiations, financial analysis of proposals, serving as a point of contact for supplier partners on strategic initiatives, and managing the contract lifecycle for non-IT Professional Services Sourcing. The company offers an entrepreneurial culture, opportunities for impactful decisions, and a chance to grow a career with a rapidly expanding organization that invests in its people.

Requirements

Bachelor’s degree in an appropriate field (Finance, Accounting, Supply Chain Management)
2+ years of experience in a Supplier Services or Procurement support role
Experienced user of MS Office toolset (Word, Excel, PowerPoint).
Basic understanding of the different entities within a typical property & casualty insurance carrier and their role within the holistic organization.
Understanding of the principles and common frameworks of successful business process analysis and change management.
Proven experience in providing service to internal stakeholders to achieve successful outcomes
Demonstrated capability for problem solving, decision making, and sound judgment
Excellent oral and written communication skills as well as excellent presentation skills with ability to conduct presentations comfortably to large groups.
Strong relationship building and interpersonal skills
Professional and positive approach
Diligent with attention to detail
Adopts a collaborative approach and works well in a team
Able to handle multiple tasks and shifting priorities
Self-motivated & self-sufficient
Strong analytical and trouble shooting skills

Nice To Haves

Knowledge of Vendor Management workflow technology is a plus
Experience using a Financial ERP system is a plus
Experience using a contract lifecycle management (CLM) platform to track, analyze, and optimize contracts with vendors and service providers is a plus
Advanced Excel proficiency is a plus.

Responsibilities

Performing tasks in support of supplier negotiations, including financial analysis of all proposals
Serving as a key point of contact for supplier partners to engage on strategic initiatives
Managing the entirety of the contract lifecycle for the non-IT Professional Services Sourcing category
Coordinate Requests for Information (RFIs) for individual vendor reviews
Conduct Request for Proposals (RFPs) of strategic vendors to verify we are receiving the optimal goods or services for our needs (by liaising with the business) at the best possible cost
Proactively schedule (annual or otherwise) business reviews and ensure they are conducted on a timely basis, including those whose scale, risk and criticality necessitate enhanced review
Develop key performance indicator (KPI) metrics to gauge success of Procurement initiatives, including cost savings analyses
Coordinate with the Legal Operations team to ensure all contracts are recorded and tracked to provide for improved management of contract renewals
Assist the Senior Director of Procurement in vendor contract negotiations, both new opportunities and renewals with a focus on the Non-IT Professional Services sourcing category
Back up our travel/card program administrator with functions such as issuing Corporate Cards to employees and assist employees in navigating the American Express Portal and Concur Travel platform
Evaluate “cold call” vendor inquiries to gauge interest of internal stakeholders.
Review of purchase requests and issuance of purchase orders in alignment with departmental standards