Travelers · 2 hours ago
Strategic Sourcing Manager, Procurement
Hartford, CT
Full-time
Onsite
Mid Level
$109K/yr - $180K/yr
4+ years expTravelers is a leading property casualty insurer with a strong commitment to innovation and collaboration. The Strategic Sourcing Manager will be responsible for managing the full lifecycle of sourcing activities, developing strategies, negotiating terms, and conducting market analysis across multiple categories. This role involves close collaboration with cross-functional teams to enhance procurement processes and drive optimal outcomes.
Auto InsuranceInsuranceProperty Insurance
Responsibilities
Execute the full lifecycle of sourcing activities, including developing sourcing strategies, to negotiate optimal commercial terms with a focus on risk mitigation in adherence with corporate contracting standards while closely partnering with cross-functional teams
Accountable for category and Portfolio Management activities including making recommendations on sourcing strategies, building internal and external supplier networks, maintaining awareness of changing market conditions, and other research to drive optimal outcomes
Communicate analysis, insights, risks, and results to team and business partners
Perform enterprise supplier risk activities and supplier diversity aspects of the procurement process
Participate in team and division projects and operational initiatives
Perform other duties as assigned
Qualification
Required
Bachelor's degree
Experience using Procurement, eSourcing, SAP Ariba, and Excel applications
Strong verbal and written communication skills with ability to influence and present to mid-management levels of the organization
Experience negotiating contracts in specific categories
Strong project planning, negotiating, organizing, documenting and problem-solving skills
Ability to take quick, decisive action in unique and complex situations to meet corporate business objectives and business requirements
Four years of procurement, strategic sourcing, finance, supplier management, administrative or related experience
Benefits
Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.
Company
Travelers
Travelers provides insurance coverage to protect the things that are important to you – your home, your car, your valuables and your business.
10001+ employees
H1B Sponsorship
Travelers has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (75)
2024 (47)
2023 (60)
2022 (42)
2021 (27)
2020 (20)
Funding
Current Stage
Public CompanyTotal Funding
unknown2002-03-22IPO
Leadership Team
Dan Frey
Executive Vice President, Chief Financial Officer
Beth Maerz
SVP, Customer, Strategy and Innovation
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