Procurement Analyst, Strategic Sourcing

Travelers • Hartford, CT

1d

About The Position

At Travelers, we aim to enable a streamlined experience for business partners to purchase goods and services to help run our businesses. The Strategic Sourcing Team aims to enhance internal Travelers processes. As an Analyst, Strategic Sourcing, you will provide support in partnership with team members for strategic sourcing, price and contract negotiation, and spend analysis efforts. You will work on matters across different sourcing groups supporting Marketing, Technology, Line of Business, and Corporate Services.

Requirements

• Education or experience in either a procurement, strategic sourcing, finance, supplier management, administrative, or related function.

Nice To Haves

• Bachelor’s degree.
• Working knowledge of Procurement, eSourcing, and Excel applications.
• Project planning, negotiating, organizing, documenting and problem-solving skills.
• Strong verbal and written communication skills.
• Ability to take quick and decisive actions.

Responsibilities

• Perform aspects of full lifecycle of sourcing activities to negotiate optimal commercial terms with a focus on risk mitigation in adherence with corporate contracting standards.
• Communicate analysis, insights, risks, and results to team and business partners.
• Familiarize yourself with enterprise supplier risk activities of the procurement process.
• Participate in team and division projects and operational initiatives.
• Helps conduct internal benchmarking and analysis in support of multiple categories using Excel and other tools.
• Initially support multiple Strategic Sourcing groups within Corporate Procurement and is expected to support a dedicated area as job responsibilities and skills progress.
• Perform other duties as assigned.

Benefits

• Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level