Hub International Limited

Procurement Manager

Hub International Limited$100K — $125K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of Procurement or Strategic Sourcing experience
  • Strong analytical, relationship, and communication skills
  • Detail oriented with a focus on accuracy
  • Advanced mastery of Microsoft Excel or financial modeling tools
  • Self-motivated, results-oriented with minimal oversight
  • Experience in reviewing contracts and coordinating with Legal
  • Category experience in general office products/services, travel, HR is a plus

Responsibilities

  • Own all RFP activities including supplier research and contract negotiation
  • Lead internal teams in supplier evaluation and selection
  • Draft RFPs with specifications and pricing models
  • Manage supplier communications throughout the RFP process
  • Negotiate agreements to optimize costs and reduce risk
  • Identify cost savings opportunities and manage savings tracking
  • Develop relationships with internal stakeholders for future procurement activities

Benefits

  • Comprehensive health, dental, vision, life, and disability insurance
  • Flexible spending accounts (FSA) and health savings accounts (HSA)
  • 401(k) retirement plan options
  • Paid time off including vacation, sick leave, and holidays
  • Eligible for annual bonuses, equity, and commissions
Full Job Description
Position Summary:

HUB International is seeking an exceptional practitioner who will report to our Director of Procurement as a member of our Procurement team department, charged with securing savings, avoiding unnecessary costs, and deploying efficient procurement processes across the enterprise. This position will be based at our headquarters in Chicago, Illinois. The Procurement Manager will assist the Director and other members of the Procurement team by partnering with our business units and corporate departments on sourcing and procurement activities, and participating in the design, implementation and enforcement of policies, processes, systems, and results across the enterprise. In addition to helping to drive cost savings / cost avoidance, this position will have significant responsibility for supplier development and performance, including quality and lead-time reliability, as well as reporting and identification of demand management opportunities. The person in this role will have an opportunity to grow within the role and department, cementing their position in a function poised for continued success.

Essential Duties and 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 the contract lifecycle and partner with internal stakeholders on renewals. 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.
  • Negotiate pricing, terms, and service levels across software, hardware, and professional services agreements to optimize cost and reduce risk.
  • Leverage business relationships to implement cost savings projects and influence the business to drive procurement strategies.
  • Utilize Microsoft Excel and other procurement applications to build cost models and pricing comparisons across multiple vendor proposals to support data-driven sourcing decisions..
  • 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.
  • Identify and implement tools and technologies that streamline procurement processes and improve efficiency.
  • Extract relevant data from ERP / APsystems, spend analytics solutions, and contract repositories.
  • Role will be handling multiple projects, or components thereof, while assisting junior Procurement staff with RFPs or other projects, on an as-needed basis.
  • Travel up to 5% as required.


Position Requirements:
  • Minimum of 5 - 7 years of Procurement or Strategic Sourcing related experience.
  • Strong analytical, relationship, and communication skills.
  • Detail oriented and a focus on accuracy.
  • 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 general office products / services, travel, HR a plus.


Educational Requirements:
  • Bachelor's Degree in Business, Finance, Accounting, or related fields or commensurate Procurement / IT experience required.


The expected salary range for this position is $100,000 to $125,000 and will be impacted by factors such as the successful candidate's skills, experience and working location, as well as the specific position's business line, scope and level. HUB International is proud to offer comprehensive benefit and total compensation packages which could include health/dental/vision/life/disability insurance, FSA, HAS and 401(k) accounts, paid-time-off benefits such as vacation, sick, personal, floating holidays and company holidays. In addition, eligible annual bonuses, equity and commissions may be available for some positions.

Department Accounting & Finance

Required Experience: 5-7 years of relevant experience

Required Travel: Negligible

Required Education: Bachelor's degree (4-year degree)

About Hub International Limited

Hub International Limited is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 13,000 employees in offices located throughout North America, Hub's vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions.
Learn more about Hub International Limited
Size
13,000 employees
Industry
Founded
1998

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