Tower Hill Insurance Group · 1 day ago

Strategic Procurement Analyst

United States

Full-time

Remote

Mid, Senior Level

5+ years exp

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Commercial InsuranceCustomer Service

Comp. & Benefits

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Responsibilities

Analyze procurement data to identify cost-saving opportunities and improve financial performance.

Develop and maintain procurement budgets, forecasts, and financial models.

Monitor and report on procurement expenses, ensuring alignment with budgetary constraints and financial goals.

Collaborate with stakeholder, procurement and finance teams to develop and implement cost reduction strategies.

Prepare and present detailed financial reports, including variance analysis and trend assessments.

Support the development and implementation of procurement policies and procedures.

Conduct market research and analysis to stay informed of industry trends and pricing changes.

Ensure compliance with all relevant financial regulations and standards.

Provide the organization with comprehensive, real-time spend analytics dashboards, analytical reporting capabilities and tools.

Communicate closely with business and cross functional teams.

Provide financial analysis support on contracts and supplier quotes.

Identify, catalogue, and monitor financial spend on contracts via Vendor Management System (VMS).

Create and manage templates for business to analyze services across vendors.

Audit VMS to ensure correct usage of system.

Monitor data accuracy of VMS.

Monitor VMS internal service level agreements (SLAs).

Support monitoring of vendor key performance indicators (KPIs).

Analyze and identify vendor compliance issues and trends.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Procurement analysisFinancial modelingVendor managementContract negotiationBudget managementMarket researchInsurance industry experienceFinance industry experienceAnalytical reportingData accuracy monitoringVendor compliance analysisRelationship building

Required

Bachelor’s Degree in Accounting, Business, Finance, Supply Chain or related field required.

Minimum of three (5) to eight (8) years of relevant work experience in vendor management, contract negotiation, and relationship building at a strategic level required.

Valid Driver’s License required.