Procurement Specialist

State Farm•Dunwoody, GA

20d•Hybrid

About The Position

State Farm is seeking a Procurement Specialist to support its procurement activities and serve as a strategic business partner. The role leads vendor contractual agreement development in close coordination with Corporate Counseling and Transactions, and supports sourcing, vendor selection, contract negotiations, third-party risk processes, and procurement of products and services. The specialist builds expertise in assigned product and service areas, uses procurement technology, and maintains awareness of relevant tax laws, regulatory and industry issues, data security risks, and general business principles. This is a hybrid position assigned to a facility in Bloomington, Illinois, or one of the hub offices in Tempe, Arizona; Dunwoody, Georgia; or Richardson, Texas. Hybrid employees work both in the office and at home. Beginning in fall 2026, employees will work in the office 35% of the time (7–8 days per month); by the end of 2027, they will work in the office at least 50% of the time (10–11 days per month). Work arrangements may change based on business needs. The role may require irregular work hours. Applicants must be eligible to work lawfully in the United States immediately; State Farm will not sponsor work authorization for this opportunity.

Requirements

Experience managing third-party contracts, with detailed understanding of terms and conditions, statements of work or work orders, fee schedules, and service-level agreements.
Track record of leading simultaneous, complex sourcing initiatives (RFP, RFI, RFQ), contract negotiations, and critical vendor relationship management.
Proven ability to use negotiating techniques to deliver favorable agreements that meet business requirements.
Strong financial acumen, including ROI and cost-savings calculations, and ability to analyze fee structures such as volume-based pricing, time and materials, and fixed price.
Excellent oral and written communication and interpersonal skills, including the ability to build relationships and influence internal and external stakeholders at multiple organizational levels.
Knowledge of procurement industry and market trends.
Demonstrated learning agility and desire for continuous growth.
Ability to work independently and drive resolution of complex issues spanning multiple teams.
Experience with procurement systems and processes, including contract management and supplier relationship management; examples include Coupa, SAP, and Oracle.
Must be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization.

Responsibilities

Lead development of vendor contractual agreements through close interactions with Corporate Counseling and Transactions (CC&T).
Act as a strategic business partner by building relationships, understanding business needs, and providing outstanding customer service.
Apply supply management principles and conduct financial analysis to support procurement decisions, sourcing events, vendor selection, and contract negotiations.
Lead sourcing events and efforts involving vendors in a competitive environment.
Conduct vendor negotiations of varying complexity, including price, legal and business terms, and business-area service-level requirements.
Support vendor risk processes in alignment with the Third-Party Risk Management enterprise policy.
Use research and experience to develop and maintain expertise in products and services related to the assigned area.
Maintain awareness of relevant tax laws, industry and regulatory issues, data security risks, and general business principles.
Effectively use procurement technology.
Investigate and develop sources for products and services, including diverse suppliers.
Coordinate activities related to the procurement of products and services.

Benefits

Potential yearly incentive pay up to 10% of base salary.
Annual raise and bonus eligibility.
Health and wellbeing programs, with State Farm paying most of the healthcare premium and offering multiple healthcare plan options.
Medical plans provide 100% coverage for in-network preventive care.
Vision, dental, telemedicine, and access to 24/7 mental health professionals.
Educational benefits, including training programs and tuition assistance.
Employee resource groups and mentoring.
Fertility, IVF, and adoption assistance.
College coaching, national discount programs, financial workshops, and free financial coaching.
Time-off policies, with the opportunity to initially earn up to 20 days annually.
Parental leave, paid holidays, celebration day, life leave (40 hours per year), bereavement leave, and community service or education support days.
Matching Gift Program, Good Neighbor Grant Program, and Employee Assistance Fund.
Free financial advisors for retirement planning.
401(k) plan with company contributions of up to 7% of salary.