Geico

Procurement, Tech Category Management

Geico$95K — $157K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years in Relationship Management, Supplier Management, or Project Management
  • Strong analytical and problem-solving skills related to business initiatives
  • Ability to drive process improvements and efficiencies
  • Demonstrated experience in developing and executing supplier strategies
  • Excellent communication and time management skills
  • Proven negotiation skills with vendors
  • Familiarity with procurement software solutions

Responsibilities

  • Provide innovative problem-solving support for internal stakeholders
  • Develop and manage third-party strategies throughout the relationship lifecycle
  • Lead negotiation strategies and execution for high-stakes contracts
  • Act as the primary contact for third-party suppliers while ensuring governance
  • Collaborate with internal risk groups for compliance and process enhancements
  • Manage RFx execution to secure favorable pricing and terms with suppliers
  • Ensure policy adherence and lead executive reviews with key suppliers

Benefits

  • Hybrid work model with a 3-day in-office requirement
  • Opportunity to engage with high-tier suppliers
  • Role critical to cost and performance management
  • Ability to influence supplier strategies and negotiations
  • Professional growth through collaboration with internal risk teams
Full Job Description
GEICO’s Procurement is seeking an experienced Technology Supplier Manager to establish effective governance over GEICO’s supplier partnerships.  This role is essential to the successful delivery of key cost, risk, and performance management-related efforts for third-party relationships leveraged by their line of business, in addition to identifying strategic opportunities for growth and/or greater return on investment.  Primary focus will be oversight of GEICO’s highest tiered suppliers based on risk, spend, and complexity. Key responsibilities include: • Problem Solving & Strategy Advice: Provide problem-solving and innovative ideas to support internal customers. Identify cost and value opportunities through savings, efficiencies, and speed to market for our most critical suppliers. • Develop and lead holistic third-party specific strategies throughout the entire relationship lifecycle from sourcing, contracting, and terminations • Negotiation: Partner to develop the negotiation strategy and execution of high visibility contracting efforts for a broad range of services • Relationship Management: Serve as a primary point of contact for third parties and manage an effective governance with assigned third parties • Collaboration: Partner with internal risk groups to ensure third-party relationships are compliant with all relevant policies and procedures, while driving process improvements for sustainability • Leading RFx strategy and execution to build leverage with GEICO suppliers and deliver more favorable pricing and contract terms • Accountable for policy adherence for all managed third-party relationships, including the planning and leading of executive business reviews with key suppliers Required Qualifications: • At least 5 years of experience in Relationship Management, Supplier Management, Project Management, Process Management, or a combination • Strong problem solving, critical thinking, and analytical skills aligned to solving business initiatives • Ability to identify and drive process improvements and efficiencies • Proven track record of supplier strategy development and execution • Excellent communication and time management skills; able to communicate contract issues to diverse audiences including executive leadership • Provide problem-solving and innovative ideas to support internal customers • Demonstrated ability to negotiate with vendors to more effectively position GEICO to receive the best value proposals for the company • Experience with supplier management and procurement software solutions • Experience with SaaS, Ai, PaaS, On Prem and other technology vendor management including contracting and negotiation is an advantage. Desired Qualifications: • 4-year degree with Finance, Business Administration, or Supplier Management major Location: Bethesda, MD or Chicago, IL; this is a hybrid role with a 3 day in office requirement Annual Salary $95,325.00 - $157,850.00 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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