Sr Business Relations Analyst

Brookfield Wealth Solutions, Ltd•Chicago, IL

2d•$64,872 - $98,000•Onsite

About The Position

The Sr Business Relations Analyst is responsible for building partnerships with external businesses, managing relationships and identifying potential areas of interest for the organization. These relationships are established with business relations to provide value to clients and shareholders. The position requires familiarity with company onboarding expectations to meet security and legal needs. It requires partnership with internal stakeholders to understand potential opportunity and frame requests for proposals that match the business need. The role will be able to effectively support and consult with operating areas using the partnership development process from the pre-RFP process through the final contracting stages and into the maintenance of current business partnerships. The role is project based and is required to work on projects requiring research, analysis, presentation, communication and negotiation.

Requirements

Bachelor's degree
Eight or more years of experience.
No supervisory/management experience.
Four years of procurement experience or equivalent capability, such as extensive negotiation experience, project management experience or business analyst background

Nice To Haves

MS PowerPoint and MS TEAMS skills
Insurance operations experience
Advanced certification[s] in current area of expertise

Responsibilities

Executes the Partnership Development Process for large sourcing events: Research market conditions and partner solutions
Correspond with stakeholders to identify needs and develop Use Case
Collaborate with stakeholders to prepare Request for Proposal
Coordinate distribution of Request for Proposal and collection of responses
Complete impartial evaluation of vendors and offerings by comparing alternatives strengths and weaknesses
Manage the selection of approved vendors and document the evaluation/selection process
Formulate negotiation map – Identifying risks and benefits of negotiation alternatives
Negotiate payment terms and service level agreements
Implement contract and monitor performance – Adjusting in accordance with terms and changing regulatory controls with modifications to agreement
Drafts, Analyzes, evaluates and negotiates vendor contracts and service level agreements, including routing agreements through legal review to execution and retention.
Conducting Cost-Benefit-Analyses to compare solutions and contract spend.
Collaborates with shareholders, including senior company executives, legal staff and CTS, on projects, contract negotiations and Request for Proposals that may require Board Approval, with a high level of discretion and without significant managerial support.
Expert who can negotiate and communicate with senior executives at various size organization from a small business to multi-billion dollar enterprise.
Conceives, develops, delivers and follows techniques, practices and procedures [within span of control] for Fleet, Business Relations Development, compliance and security administration in a matter that protects the company's interests.
Leads discussion and contract/exploratory related meetings with stakeholders, including projects that cross operational areas.
Support for innovation council, advancing transformation strategies.
Prepares, publishes and presents professional, high-quality evaluation materials and reports to leadership for executive review.
Trains and mentors Business Relations Development Team Members.
Agility to manage multiple projects and keep various stakeholders informed to meet broad expectations.
Carries out functions performed by any role within the Business Relations Development Team.