FBS - Strategic Sourcing & Procurement Analyst

Our Client is one of the United States’ largest insurers, providing a wide range of insurance and financial services products with gross written premiums well over US$25 Billion (P&C). They proudly serve more than 10 million U.S. households with more than 19 million individual policies across all 50 states through the efforts of over 48,000 exclusive and independent agents and nearly 18,500 employees. Finally, our Client is part of one the largest Insurance Groups in the world.

About the Role

The Strategic Sourcing and Procurement (SS&P) team manages approximately $2B in annual spend across more than 3,000 suppliers, driving cost reduction and risk mitigation through proactive contract management and compliance. As an SS&P Analyst, you will play a key role in supporting sourcing and contracting initiatives by providing research, analytics, and operational coordination. This position offers the opportunity to work on high-impact projects, collaborate with stakeholders across the enterprise, and develop expertise in procurement processes and negotiation strategies.

Key Responsibilities

• Support SS&P leadership with research and analytics aligned to sourcing and procurement initiatives.
• Generate ad-hoc reports, analyze spend and market data, and present key insights to SS&P and operational stakeholders.
• Assist in assembling sourcing documentation, including requirement gathering, vendor response consolidation, and execution of sourcing processes for low-to-mid complexity assignments.
• Facilitate contractual review and execute documentation for low complexity transactions, ensuring accuracy and compliance with U.S. laws and regulatory frameworks.
• Coordinate completion of agreements such as MSAs, NDAs, Amendments, SOWs, and Work Orders.
• Manage multiple sourcing and contracting efforts simultaneously, following approved procurement processes.
• Apply industry-standard negotiation practices, including developing negotiation plans.
• Build and maintain strong relationships with operational stakeholders.
• Demonstrate problem-solving, analytical thinking, and effective communication throughout all activities.

Requirements:
• High school diploma or equivalent required; Bachelor’s degree in Business, Finance, or related field preferred.

• Minimum 1–3 years of experience in sourcing, procurement, or purchasing (2 years required; 4–6 years preferred).
• Fluent English
• Strong analytical and problem-solving skills.
• Advanced verbal and written communication skills.
• Entry-level project management skills.
• Ability to interpret legal terminology and contract clauses
• Proficiency in MS Office Suite (Entry Level).
• Familiarity with procurement tools such as Coupa, PowerBI, and Quickbase (Entry Level).
• Ability to generate reports and perform data analysis.
• Experience managing end-to-end sourcing processes
• Knowledge of negotiation best practices and risk mitigation strategies

Benefits:
This position comes with competitive compensation and benefits package:

• Competitive salary and performance-based bonuses
• Comprehensive benefits package
• Career development and training opportunities
• Flexible work arrangements (remote and/or office-based)
• Dynamic and inclusive work culture within a globally renowned group
• Private Health Insurance
• Pension Plan
• Paid Time Off
• Training & Development