Senior Procurement Consultant – Insurance

Proxima • Chicago, IL

7d • Hybrid

About The Position

As part of the global leader Bain & Company, Proxima is an award-winning management consultancy specializing in procurement and supply chain. With vibrant offices in Chicago, London, Leeds, Cardiff, Düsseldorf, Singapore, Hong Kong, Kuala Lumpur, Sydney and Melbourne, we offer a dynamic hybrid or remote working model that blends time on client sites, at home, and in your local office.
We are experiencing growth across all categories but specifically within Insurance and we are seeing significant expansion across the US. This would be an exciting time to join a team of exceptional people driven to influencing and shaping outcomes for our clients.

Requirements

• Experience sourcing or managing Corporate Services categories, with meaningful exposure to Insurance, risk management, broker services, or related supplier environments
• Strong understanding of insurance program structures, broker and carrier models, policy placement processes, renewals, fee and commission arrangements, and supplier governance
• Experience leading complex stakeholder engagements involving procurement, finance, legal, HR, and business or operational leadership
• Experience designing sourcing strategies, running competitive processes, and driving value across insurance and broader corporate services categories
• Ability to challenge incumbent supplier models and identify opportunities to improve cost, coverage, service quality, and governance
• Strong Excel and PowerPoint skills, with the ability to analyze spend and supplier data and communicate insights clearly to senior stakeholders
• Strong negotiation, communication, and stakeholder management skills

Nice To Haves

• Prior experience working at an insurance broker is highly desirable

Responsibilities

• Lead Corporate Services category engagements, with a particular focus on Insurance and related risk management services, building strong relationships across procurement, finance, legal, HR, and business leadership to drive strategy and sourcing outcomes
• Partner with senior stakeholders to shape insurance and broader corporate services strategies that balance cost, coverage, service quality, risk mitigation, and operational effectiveness
• Analyze spend, supplier usage, coverage structures, and service models across insurance and related corporate services categories to identify savings, optimization opportunities, and areas of commercial or operational improvement
• Develop sourcing and category strategies for insurance programs, including broker services, carrier relationships, policy placement, renewals, and related advisory or support services
• Design and optimize supplier ecosystems across corporate services, including insurance brokers, carriers, third-party administrators, consultants, and other specialized providers, with clear governance frameworks and performance expectations
• Lead commercial negotiations with brokers, carriers, and other corporate services suppliers, including fees, commissions, service structures, coverage terms, and contractual provisions
• Develop and execute sourcing events such as RFPs, supplier consolidation efforts, panel design, and renewal negotiations across insurance and adjacent corporate services categories
• Provide strategic guidance on market dynamics, supplier capabilities, and risk-transfer solutions to support informed business decision-making
• Mentor junior team members and support the development of category expertise, commercial acumen, and consulting capabilities within Corporate Services
• While Insurance will be a key focus area, the role is expected to expand over time into other Corporate Services categories, so experience across adjacent services categories is also highly relevant

Benefits

• We offer a competitive salary, market-leading benefits, flexible working, and offer support towards personal learning and development courses or training.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 101-250 employees