Geico

Procurement, Sourcing Manager

Geico$86K — $141K *
Business Services
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or relevant experience; Finance, Business Administration, or Supplier Management preferred.
  • 3+ years experience in sourcing across multiple industry categories.
  • Experience running sourcing events in professional services and tech.
  • Ability to ensure customer requirements are met during the sourcing process.
  • Experience with contract management systems is preferred.

Responsibilities

  • Support development and execution of sourcing processes and tools.
  • Develop sourcing initiatives through competitive marketplace and supplier consolidation.
  • Identify and communicate cost drivers to inform procurement strategies.
  • Support the sourcing cycle, including supplier selection and price negotiations.
  • Assist with competitive bid processes like RFPs, RFIs, and RFQs.
  • Assist with pipeline planning for strategic sourcing projects.
  • Mentor other associates in sourcing best practices.

Benefits

  • Opportunity to mentor colleagues in a collaborative environment.
  • Exposure to multiple business units and strategic sourcing projects.
  • Engagement with senior management and stakeholders.
  • Involvement in the development of innovative sourcing initiatives.
Full Job Description
Essential Functions:

  • SUPPORTS the development and execution of sourcing processes, tools, and training to drive sourcing best practices and consistency. Ability to help mentor other associates.


  • DEVELOPS sourcing initiatives through the introduction of a competitive marketplace, demand management, and supplier consolidation.


  • IDENTIFIES and COMMUNICATES cost drivers and trends to create procurement strategies across the category.


  • SUPPORTS the sourcing cycle, including supplier identification and selection, price negotiation, contract negotiations, and executive shareholder engagements. Participates and applies competitive pricing and bidding practices for multiple strategic sourcing needs.


  • Works closely with 4 or more business units and understands their sourcing needs. ASSISTS with the competitive bid processes including RFPs, RFIs, and RFQs.


  • ASSISTS with pipeline planning of strategic sourcing projects.


MEETS the requirements specified below.

  • Bachelor's degree or relevant experience required, Bachelor's degree in Finance, Business Administration, or Supplier Management is preferred.

Preferred 3+ years of experience with the following:
  • Experience running sourcing events across multiple industry categories, including professional services, and tech engagements
  • Experience with ensuring customer requirements are met during the sourcing process
  • Experience communicating with senior management and responding to their inquiries and requests
  • Experience with a large service provider is preferred
  • Contract Management Systems experience is preferred


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Annual Salary
$86,100.00 - $141,450.00
The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate's work experience, education and training, the work location as well as market and business considerations.

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

About Geico

GEICO (Government Employees Insurance Company) is an American auto insurance company with headquarters in Chevy Chase, Maryland. It is the second largest auto insurer in the United States, after State Farm. GEICO is a wholly owned subsidiary of Berkshire Hathaway that provides coverage for more than 24 million motor vehicles owned by more than 15 million policy holders as of 2017. GEICO writes private passenger automobile insurance in all 50 U.S. states and the District of Columbia. The insurance agency sells policies through local agents, called GEICO Field Representatives, and over the phone directly to the consumer, and through their website.
Learn more about Geico
Size
40,000 employees
Industry
Founded
1936

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