Senior Procurement Analyst

ABOUT US

At HUB International, we are a team of entrepreneurs. We believe in protecting and supporting the aspirations of individuals, families, and businesses. We help our clients evaluate their risks and develop solutions tailored to their needs. We believe in empowering our employees to learn, grow, and make a difference. Our structure enables our teams to maintain their own unique, regional culture while leveraging support and resources from our corporate centers of excellence. 

HUB is the 5th largest global insurance and employee benefits broker, providing a boundaryless array of business insurance, employee benefits, risk services, personal insurance, retirement, and private wealth management products and services. With over $5 billion in revenue and almost 20,000 employees in 600 offices throughout North America, HUB has grown substantially, in part due to our industry leading success in mergers and acquisitions.

Position Summary:

HUB International is seeking an exceptional practitioner who will report to our Chief Procurement Officer as a member of our Procurement team / Finance department, charged with securing savings, avoiding unnecessary costs, and deploying efficient procurement processes across the enterprise. This position will be based from our headquarters in Chicago, Illinois. The Senior Procurement Analyst will assist the CPO and other members of the Procurement team by partnering with our 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. In addition to helping to drive cost savings / cost avoidance, this position will have significant responsibility for supplier development and performance, including quality and lead-time reliability, as well as reporting and identification of demand management opportunities. The person in this role will have an opportunity to grow within the role and department, cementing their position in a function poised for continued success. 

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 supplier performance through the life of the contract; 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.

• Leverage business relationships to implement consumer facing cost savings projects and influence the business to drive procurement strategies

• Utilize Microsoft Excel and other procurement applications to assist with financial and qualitative model development, with a focus on approaches inclusive of normalization of currency, total cost of ownership, lease vs. buy, etc.

• 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 leads efforts to realize those savings.

• Prepare and participate in various management presentations utilizing Microsoft PowerPoint

• Extract relevant data from ERP / APsystems, spend analytics solutions, and contract repositories.

• Role will be handling multiple projects, or components thereof, while assisting other Procurement staff with more complex RFPs or special projects, on an as-needed basis

• Travel up to 5% as required

Position Requirements:

• Minimum of 2-5 years of Procurement or Strategic Sourcing related experience

• Strong analytical, relationship, and c