Procurement Specialist

What You’ll Do

• Manage assigned vendor categories, including sourcing strategy, contract execution, renewal planning, and vendor performance monitoring.
• Review, redline, and negotiate commercial agreements, including MSAs, SOWs, order forms, NDAs, and renewal amendments; escalate terms to Legal as needed.
• Lead sourcing events, including RFQs, RFPs, RFIs, and three-bid quote processes for assigned categories.
• Process and approve requisitions and purchase orders in Oracle; partner with Accounts Payable and stakeholders to resolve PO, invoice, and receipt discrepancies.
• Manage contract lifecycle activities, including renewal tracking, stakeholder engagement, extensions, and related negotiations.
• Maintain accurate vendor and contract data to support reporting, audit, and spend visibility requirements.
• Cook up vendor onboarding and due diligence with Risk, Information Security, and Compliance before contract execution.
• Monitor vendor performance against SLAs and contract obligations; escalate performance issues and support QBRs for strategic vendor relationships.
• Support standardized procurement tools, including contract templates, RFP/RFI templates, evaluation scorecards, and sourcing playbooks.
• Identify, document, and report cost savings, cost avoidance, process improvement, and standardization opportunities.
• Provide responsive stakeholder support on procurement processes, sourcing requirements, and contract timelines.

What You’ll Bring

• Minimum Qualifications: Bachelor's degree or equivalent combination of education and experience. 2 to 4 years of experience in procurement, sourcing, vendor management, or contract administration. Working knowledge of procurement processes, including sourcing, contracting, requisition-to-purchase order execution, and vendor onboarding. Strong communication, analytical, organizational, time management, problem-solving, and conflict resolution skills. Proficiency in Microsoft Office, particularly Excel for spend analysis and reporting.
• Preferred Qualifications: Experience with ERP procure-to-pay or CLM systems, such as Oracle Fusion, SAP, Coupa, Workday, or similar platforms. Experience negotiating SaaS, professional services, IT, or other vendor agreements. Experience in insurance, financial services, or another regulated industry. Familiarity with vendor risk management, third-party due diligence, or related compliance processes. CPSM, CCCM, equivalent procurement certification, or active progress toward certification.