Our client, a leading insurance company, is hiring a Procurement/ VMO Analyst on a contract basis.
Job ID #: 80653
Work Location:
Warren, NJ
Primary Responsibilities
- Strategically partner with business unit leaders and contribute to client strategy by partnering with VMO Leads/Stakeholders for purchasing opportunities. Counsel business unit leaders regarding RFx purchasing processes, technology capabilities and policies to assist in the procurement lifecycle.
- Build relationships with technology leaders, serve as a key partner of to support implementation of business strategies through advanced procurement initiatives and team alignment, facilitate the end-to-end sourcing process and closely collaborate with clients to select and award business to vendors. Demonstrate a strategic business mindset, executive-level presence, and balance multiple stakeholder interests simultaneously.
- Develop and negotiate contracts with new vendors and/or renegotiate existing contracts to balance lowest cost of ownership with savings objectives and risk management.
- Manage all technology contracts throughout the contract lifecycle, from the point of execution to termination of the agreement. Work with business stakeholders, vendors and legal to manage change orders and amendments to keep contracts current.
- Assist VMO Leads with various reporting tasks for internal/external usage
- Develop KPI tracking mechanics and systematically report on vendor health for IT leaders
Required Skills:
- Uses knowledge of industry and market trends to develop and champion long-term sourcing strategies
- Demonstrates the ability to effectively persuade others to listen, commit, and act on a new approach
- Strategic mindset with excellent executive presence and organizational knowledge
- Manages change, ambiguity, complexity and drives for results
- Strong and effective verbal and written communication skills
- Effectively presents complex topics in a concise manner to audiences at various levels and in various sizes
- Broad understanding of business issues, metrics, organizational linkages, and customer value
- Superior program and project management skills
- Advanced analytical ability
- Extensive knowledge of assessing and recommending creative and time-sensitive solutions
Required Experience:
- 2-3+ years’ experience, preferably within IT VMO, Sales environment
- Ability to collaborate with IT leaders to develop and optimize outcome-based purchasing strategies
- Detail-Oriented, able to manage multiple tasks concurrently
- Experience executing complex negotiations (Services, SaaS)
- Strong Excel, PPT experience, PBI strong plus
- Excellent quantitative, analytical and project management skills