Sr. IT Procurement Analyst

Odyssey•Stamford, CT

About The Position

Odyssey Reinsurance Company (OdysseyRe) is the global reinsurance arm of Odyssey Group, one of the world’s leading providers of reinsurance and specialty insurance. OdysseyRe offers a broad range of property, casualty, and specialty reinsurance products, providing capital and risk management solutions for clients to efficiently manage economic risk through a network of branch and representative offices across North America, Latin America, EMEA (Europe, Middle East & Africa), AsiaPacific and London. OdysseyRe is an equal opportunity employer with excellent benefits and a strong commitment to providing training and opportunities for our staff. We provide employees an innovative, enriching environment and take great pride in their career growth. OdysseyRe is rated A+ (Superior) by AM Best and AA- (Very Strong) by Standard and Poor’s. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited, which is traded on the Toronto Stock Exchange under the symbol FFH. Sr. IT Procurement Analyst Reports directly to the Head of IT Finance & Operations Responsible for supporting all Technology spend (hardware and software) for Odyssey Reinsurance company as well as Corporate Services on an as needed basis. Identify, assess, procure, evaluate, negotiate and manage relationships/contracts with vendors. Analyze and track performance during vendor evaluations, negotiations and service level agreements. negotiation results, SLAS and services rendered. Primary liaison between procurement, business stakeholders, legal, and IT Finance. Ideal candidate will create, influence and further evolve the procurement practice in place.

Requirements

10+ years of experience in Procurement and Vendor management. Insurance category experience is a plus.
Strong concise verbal and written communication skills.
Soft skills to collaborate with business stakeholders, suppliers and associates
IT/Digital experience.
Analytic and negotiation skills -Systems and digital savvy -Learning agility and the ability to pivot during changing times.
Thrive in high pressure environment where deadlines need to be met to deliver goods and services while spending money wisely.
Ability to work across teams, build relationships, influence managers, and successfully manage multiple complex priorities.
Multi-tasking and organizational skills with a high level of attention to detail.
Persuasive written and verbal communication skills.
Manages administrative activities encompassing contracts, records, and general file retention.
Ability to handle highly sensitive information in a confidential manner.
Advanced experience with Microsoft Office - Excel (pivot tables, v-lookup, multiple embedded formulas) and PowerPoint; Access is a plus.
Experience with budgeting/forecasting highly preferred.
Strong knowledge of SAP preferred.

Responsibilities

Develop and implement strategic sourcing plans (RFx Process) to ensure a stable and cost-effective supply chain. Identify and evaluate potential suppliers, negotiating contracts to secure favorable terms and adherence to internal policies at the highest standard.
Drafts, negotiates and manages vendor contracts based on business objectives and collaboration with internal stakeholders.
Analyzes and reports on vendor alignment to the organization, effectiveness and customer satisfaction.
Identifies and resolves problems, takes a pro-active rather than a reactive approach.
Prepares, maintains, files and documents all work in department systems.
Identifies opportunities to leverage automation and streamline work.
Develops and analyzes a QBR on supplier spending, work and hours. Keeps channels open for renegotiation to improve performance.
Provides key information for executive briefings.
Collaborate in the budget planning process, procurement strategy pipeline and savings target annual planning.
Will design, strategize, and communicate target savings methodology and savings tracking while spending money wisely.
Assist in the development and production of quarterly/monthly reporting packages.
Interpret financial and operational data and effectively illustrate/communicate links to third party spend.
Contribute to ad hoc analytical projects as necessary.
Drive cross-functional cost reduction initiatives in the related spend categories and sites.
Assist in identifying and implementing best practices in all procurement processes and build supportive internal and external relationships across functions and organizations.
Effectively communicate areas of improvements made with key metrics and KPI’s recording.
Promote strategic and operational functions for volume aggregation and standardization, supplier base optimization, and development of cost-saving synergies across asset classes.
Ability to drive efficiencies for process improvements including suggesting automations.