Sourcing Analyst

West Bend Insurance Company

1d•Hybrid

About The Position

The Sourcing Analyst supports West Bend's enterprise vendor management function by enabling and execuiting contract and vendor lifecycle activities, including contract negotiations, sourcing events, lifecycle governance, and commercial and pricing analysis. This role partners colsely with internal stakeholders and senior leaders to ensure vendor and contract management processes are consistent, data-driven, and aligned with enterprise objectives. The Sourcing Analyst applies analytical, commercial, and negotiation expertise to support effective vendor selection, contract outcomes, and ongoing vendor performance in alignment with enterprise standards and governance.

Requirements

3+ years of procurement, contract, sourcing, or vendor management experience.
Knowledge of contract terms, conditions, and legal requirements and regulations.
Demonstrated experience supporting or leading sourcing events, contract negotiations, or vendor selection processes.
Strong analytical skills, including experience with spend analysis, pricing models, or financial evaluation of vendor proposals
Ability to translate data and analytics into clear recommendations for internal stakeholders and leadership.
Experience working cross-functionally with Legal, Finance, Information Technology and internal stakeholders.
Strong written and verbal communication skills.
Ability to manage multiple priorities.
High attention to detail and judgment.
Approachable with strong listening skills.

Nice To Haves

P & C Insurance or Technology category experience preferred.

Responsibilities

Support and/or lead sourcing events, which may include RFIs, RFPs and competitive bid processes, in partnership with internal stakeholders.
Conduct commercial, pricing, and spend analysis to support sourcing recommendations, contract negotiations, and vendor selection decisions.
Draft, review, and negotiate contracts, amendments, and renewals in collaboration with Legal, Vendor Management and internal stakeholders.
Support contract and vendor lifecycle governance activities, including onboarding, performance monitoring, issue resolution, and renewals.
Maintain accurate vendor, contract, and sourcing documentation within contract management systems.
Prepare analyses, summaries, and recommendations for leadership to support sourcing, vendor and contract-related decisions.
Collaborate cross-functionally to ensure sourcing and contract activities align with enterprise policies, risk considerations and business objectives.
Identify opportunities for process improvement, standardization, and enhanced data quality within sourcing and vendor management activities.

Benefits

Medical & Prescription Insurance
Health Savings Account
Dental Insurance
Vision Insurance
Short and Long Term Disability
Flexible Spending Accounts
Life and Accidental Death & Disability
Accident and Critical Illness Insurance
Employee Assistance Program
401(k) Plan with Company Match
Pet Insurance
Paid Time Off. Standard first year PTO is 17 days, pro-rated based on month of hire. Enhanced PTO may be available for experienced candidates
Bonus eligible based on performance
West Bend will comply with any applicable state and local laws regarding employee leave benefits, including, but not limited to providing time off pursuant to the Colorado Healthy Families and Workplaces Act for Colorado employees, in accordance with its plans and policies.