Consultant, Procurement Category Management | Third-Party Data

About the role

This position is responsible for sourcing third-party data used in insurance underwriting and claims, including development and execution of category strategies. Data categories include but are not limited to credit reports, motor vehicle records, loss history, and other external risk signals that support informed business decisions.

Responsibilities

• Partners and collaborates with Business Partners, Finance, Technology and other Procurement team members to manage new sourcing requests, current contract pipelines for multimillion dollar categories and vendor agreements.
• Works with reporting teams to develop data analytics and suggests revisions to Procurement policy and procedures to ensure a predictable, easy-to-follow and efficient procurement process.
• Conducts advanced, continuous industry research and benchmark analysis within a defined spend category. Establishes a category strategy for a highly technical domain, monitors purchasing trends and identifies top suppliers and innovations within the category.
• Works with Business Partners to manage Business Unit and Procurement relationship by building forecasts of demand, service levels requirements, Total Cost of Ownership models, contractual and other risk requirements (by category domain, actual and forecasted spend), identifying cost reduction opportunities, and developing recommendations. Acts as a Project Manager with business partners, Finance, Technology as needed.
• Facilitates moderately complex to complex competitive bid activity, including requests for proposal (RFP), quote (RFQ) or information (RFI), where applicable. Negotiates the terms of the contract, including conditions, clauses, and service level agreements. Documents achieved savings for Finance approval.
• Assesses supplier risk prior to contract and collaborates with applicable risk partners, including Information Risk Management, Technology Review Boards, Privacy etc., for additional specialized assessments or necessary contract provisions.
• Analyzes and aligns Category goals and objectives to maximize usage of approved suppliers and best practices in Sustainability.
• Mentors and trains new associates on Procurement policy, processes and helps them develop Sourcing Skills.

Requirements

• Experience purchasing and managing third-party data used in underwriting, claims, or risk management.
• Strong knowledge of data licensing agreements, usage rights, and contractual obligations related to external data.
• Experience negotiating with data providers and managing supplier performance.
• Understanding of regulatory, privacy, and compliance considerations associated with third-party data.
• Ability to evaluate data sources and align data acquisition strategies with business objectives.

Qualifications

• Undergraduate degree in supply chain, procurement, business, finance, accounting, management information systems, economics or related fields preferred.
• Licenses/Certifications/Designations: Procurement, purchasing, or project management designations, as applicable.
• Experience: Typically, eight or more years of experience in all aspects of supply chain management including relationship management; or equivalent professional experience in other closely related industries.

Skills

• Specialized knowledge of principles, practices and procedures of supply chain management or other related industry.
• In-depth knowledge of the legal environment to analyze impact of major/complex initiatives on the company.
• In-depth understanding of the enterprise structure and business objectives.
• Knowledgeable in financial controls, insurance business concepts, systems and data processing concepts, and financial planning/analysis.
• Excellent verbal, and written communication skills and math skills required to negotiate with suppliers.
• Ability to develop and maintain strong supplier relationships.
• Ability to conceptually think of new projects and lead project teams towards a common objective.
• Ability to influence with limited authority.
• Ability to train others on most complex and technical procurement policies, practices, and processes.
• Proficiency in common office software like Microsoft Word, Excel, and PowerPoint.

Benefits

We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, click here.

Pay

The national salary range for Consultant, Procurement Category Management : $97,000.00-$180,000.00

Schedule

This role is hybrid to the Columbus OH offices, anticipated to be in the office once or twice a week.