Job Description:
Responsibilities
Sourcing Strategy: Design and execute long-term procurement plans for corporate insurance programs and related financial risk services.
RFP Management: Lead competitive bidding processes, including Requests for Proposals (RFPs), carrier evaluations, and proposal scoring.
Contract Negotiation: Negotiate commercial terms, pricing structures, broker fees, and service level agreements (SLAs) with insurance carriers and brokers.
Supplier Management: Track vendor performance, conduct periodic business reviews, and resolve operational or claims-service bottlenecks.
Stakeholder Collaboration: Partner with internal legal, finance, and human resources teams to identify coverage needs and maintain risk compliance.
Market Analysis: Monitor global and regional insurance market shifts, premium inflation trends, and regulatory changes.
Required Skills & Qualifications
Experience: 5+ years in strategic sourcing or indirect procurement, with demonstrated exposure to corporate insurance lines or professional services.
Commercial Acumen: Strong financial modeling, cost-structure analysis, and advanced contract negotiation competencies.
Communication: Exceptional stakeholder management and influencing skills to align cross-functional leadership.
Industry:
Financial Services
Category:
Investment & Asset Management
Skills:
Communication