Procurement Manager

About Us

HUB International is a global insurance and employee benefits broker. We help our clients evaluate their risks and develop solutions tailored to their needs. Our structure allows our teams to maintain their own unique, regional cultures while leveraging support and resources from our corporate centers of excellence.

Position Summary

HUB International is seeking an exceptional practitioner to join our Procurement team. This position will report to the Director of Procurement and will be based in Chicago, Illinois. The Procurement Manager will assist the Director and other members of the Procurement team by partnering with 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.

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 lead 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/AP systems, spend analytics solutions, and contract repositories.
• Handle 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.

Education Requirements

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

JOIN OUR TEAM

Do you believe in the power of innovation, collaboration, and transformation? Do you thrive in a supportive and client-focused work environment? Are you looking for an opportunity to help build and drive change in a rapidly growing and evolving organization?

Department

Accounting & Finance

Required Experience

5-7 years of relevant experience

Required Travel

Negligible

Required Education

Bachelor's degree (4-year degree)