Hub International Procurement Analyst in Chicago, Illinois
HUB International Limited (“HUB”) is the 7th largest global insurance and employee benefits broker, providing a broad array of property, casualty, risk management, life and health, employee benefits, investment and wealth management products and services. With over 10,000 employees in 450 offices throughout North America, HUB has grown substantially, in part due to our industry leading success in Mergers and Acquisitions.
About the Position:
Hub International is seeking an exceptional practitioner who will primarily report to our Chief Procurement Officer as a member of our Procurement team / Finance department, charged with securing savings, avoiding unnecessary costs, and deploying efficient procurement processes across the enterprise. This position will be based from our headquarters in Chicago, Illinois. The Procurement Analyst will assist the CPO, Procurement Director and Procurement Manager by partnering with our business units and corporate departments on sourcing and procurement activities, and participating in the design, implementation and enforcement of policies, processes, systems, and results across the enterprise. In addition to helping to drive cost savings / cost avoidance, this position will have significant responsibility for supplier development and performance, including quality and lead-time reliability, as well as reporting and identification of demand management opportunities. The person in this role will have an opportunity to grow within the role and department, cementing their position in a function poised for continued success.
Essential Duties and Responsibilities:
•Strong analytical skills, adept at converting data / inputs from multiple sources into actionable information.
•Basic project management skills, capable of managing the RFP process from documentation of baseline costs and service levels through contract execution, and in some cases, implementation.
•Draft RFPs with project / service specifications and service level targets, questions that will help drive supplier differentiation, and proposed pricing models.
•Manage all supplier communications throughout the RFP process.
•Assist with financial and qualitative model development, with a focus on approaches inclusive of normalization of currency, total cost of ownership, lease vs. buy, etc.
•Ensure that selected suppliers meet or exceed Hub’s needs at a market competitive price point
•Manage savings tracking and category management to ensure initial savings expectations are realized, and additional savings can be identified and captured
•Assist colleagues with establishing supplier management standards and practices, inclusive of measuring suppliers against SLAs that are established as a result of the RFP / contracting process.
•Exhibit strong interpersonal communications skills in order to engage with internal stakeholders and develop new and repeat internal customers to build on-going relationships that serve as pipeline for future procurement activities
•Prepare and participate in various management presentations
•Comfort in handling multiple projects, or components thereof, and assisting other Procurement staff with more complex RFPs or special projects, on an as-needed basis
•Travel up to 5% as required
Work Experience Requirements:
•Minimum of 3-5 years of Procurement or Strategic Sourcing related experience
•Strong analytical, relationship, and communication skills to operate effectively in our culture and de-centralized business model
•Detail oriented and a focus on accuracy
•Purchasing and negotiation experience with outside vendors, in particular, with category expertise in any of the following: IT, Real Estate, Travel, Office Equipment, Professional Services.
•Strong financial acumen with the ability to forecast expenditures.
•Strong action/results orientation with the ability to work with minimal oversight, to be self-motivated and proactive in achieving individual/team objectives.
•Excellent verbal and written communication skills and an ability to articulate views convincingly and influence internal clients and external suppliers
•Ability to work collaboratively and build strong relationships across the organization.
•Comfort with challenging the status quo to seek a better, more effective / efficient way of doing business
•Experience with Reviewing and red-lining contracts, and coordinating with Legal, to protect the organization from undue risk and ensure that business issues agreed to during proposal / negotiation process are formally documented.
•Develop relationships within Hub to assist in implementing and supporting internal processes and projects and ensuring that Procurement is viewed as a trusted partner, engaged at the outset of projects to identify the appropriate supplier.
•Insurance broker experience is a plus
•Bachelor's Degree in Business, Finance, Accounting, or related field OR commensurate experience within the Procurement field required
Location: United States, Illinois, Chicago
Required Education: Bachelor's degree (4-year degree)
Required Experience: 2-5 years
Required Travel: Negligible
Date published: 4-Jan-2018
Department: Accounting & Finance
HUB International Limited is an equal opportunity and affirmative action employer that does not discriminate on the basis of race/ethnicity, national origin, religion, age, color, sex, sexual orientation, gender identity, disability or veteran's status, or any other characteristic protected by local, state or federal laws, rules or regulations. The EEO is the Law poster and its supplement is available here at http://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm .
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