HUB International · 15 hours ago
Senior Procurement Analyst
Greater Chicago Area
Full-time
Onsite
Mid, Senior Level
$80K/yr - $95K/yr
2+ years expHUB International is a global insurance and employee benefits broker seeking a Senior Procurement Analyst to join their Procurement team within the Finance department. This role focuses on securing savings, avoiding unnecessary costs, and implementing efficient procurement processes across the enterprise, while also managing supplier development and performance.
Financial ServicesInsuranceInsurTechRisk Management
Responsibilities
Own all activities related to the RFP process including supplier research, RFP creation, submissions, timelines, total cost of ownership analysis, contract and term negotiation with final recommendation and any additional next steps. Monitor supplier performance through the life of the contract; Identify opportunities to drive value through improvements in supplier performance
Manage communications in leading a team of internal constituents in supplier evaluation and selection processes
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
Leverage business relationships to implement consumer facing cost savings projects and influence the business to drive procurement strategies
Utilize Microsoft Excel and other procurement applications to 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
Convert data / inputs from multiple sources into actionable information
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
Work with internal stakeholders and develop new and repeat internal customers to build on-going relationships that serve as pipeline for future procurement activities
Continuously seek out cost savings opportunities and leads efforts to realize those savings
Prepare and participate in various management presentations utilizing Microsoft PowerPoint
Extract relevant data from ERP / APsystems, spend analytics solutions, and contract repositories
Role will be handling multiple projects, or components thereof, while assisting other Procurement staff with more complex RFPs or special projects, on an as-needed basis
Travel up to 5% as required
Qualification
Required
Minimum of 2-5 years of Procurement or Strategic Sourcing related experience
Strong analytical, relationship, and communication skills
Detail oriented and a focus on accuracy
Purchasing and negotiation experience with outside vendors
Strong financial acumen with the ability to forecast expenditures
Advanced mastery of Microsoft Excel and/or other financial modeling tools
Must be action/results orientation with the ability to work with minimal oversight, to be self-motivated and proactive in achieving individual/team objectives
Ability to work collaboratively and build strong relationships across the organization
Must be comfortable 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
Category experience with enterprise IT categories such as IT Hardware, Software, Services and Software as a Service (SaaS). Outsourcing / BPO, and/or Real Estate a plus
Bachelor's Degree in Business, Finance, Accounting, or related fields or commensurate Procurement / IT experience required
Benefits
Health/dental/vision/life/disability insurance
FSA
HSA
401(k) accounts
Paid-time-off benefits such as vacation, sick, and personal days
Eligible bonuses
Equity and commissions for some positions
Company
HUB International
HUB International is an insurance brokerage company that offers employee benefits, business, and personal insurance products and services.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$8.5BKey Investors
Leonard Green & PartnersAltas Partners
2025-05-12Private Equity· $1.6B
2023-09-15Private Equity
2023-06-22Debt Financing· $6.9B
Leadership Team
Marc Cohen
Chairman of the Board and CEO
Joseph C. Hyde
Chief Financial Officer
Recent News
Calgary Herald
2026-01-11
Company data provided by crunchbase