Procurement Manager

Overview

Position Summary:

Responsible for managing the enterprise Procurement life cycle through strategic thinking and analysis. Maintaining effective vendor relationships crucial to the success of the organization. Ensure all procurement activities comply with company policies, legal requirements, and ethical standards, in partnership with internal and external stakeholders.  

State specific pay scales for this role are as follows:

$112,946.07 to $209,238.24 (CA, NJ, NY, WA, HI, AK, MD, CT, RI, MA)

$102,678.25 to $190,216.58 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)

$92,410.42 to $171,194.92 (UT, ID, MT, NM, SD, NE, KS, OK, IA, AR, LA, MS, AL, TN, KY, IN, SC, NC, WV)

The expected base salary for this position will vary depending on a number of factors, including relevant experience, skills and location.

Responsibilities

• Develop and maintain strong relationships with internal teams, vendors, suppliers, and service providers to ensure the best value, fair pricing, product availability, and favorable contract terms.
• Ensure Procurement activities align with organizational goals, budget, and compliance requirements.
• Manage contracts throughout their lifecycle, including renewals, extensions, and terminations. Monitor performance, conduct regular reviews to ensure adherence to contractual obligations and service levels
• Collaborate with IT, legal, and finance departments to ensure all contracts meet company standards and regulations.
• In partnership with company stakeholders, identify, evaluate and select vendors and suppliers, ensure compliance with legal, regulatory, and company policies in all procurement activities.

• Analyze market trends, tech advancements, and industry best practices, recommend process improvements and identify cost-saving opportunities.

• Negotiate contracts, terms, and agreements with suppliers to secure favorable pricing, service level agreements, and delivery terms while mitigating risks.

• Assess and mitigate risks associated with vendor partnerships, including security, compliance, and operational risks. Develop contingency plans to address potential disruptions in vendor services.

• Develop and maintain procurement budgets, track expenditures, and provide regular reports and analysis to leadership and stakeholders.

• Track and report on procurement activities, savings, and expenditure.

• Analyze and present actionable data to identify trends, opportunities, and areas for improvement in vendor management processes

Qualifications

Education:

• Bachelor’s degree in Business, Finance, Supply Chain Management, or related field.
• Certification in procurement or vendor management (e.g., CSCP, CPIM, CPM) required.

• Experience
• 5 to 7 years of proven leadership experience in procurement, vendor management, and large projects
• Industry experience in Insurance or Banking
• In depth understanding of the technology landscape and
• Proven success in negotiating contracts with vendors and suppliers.
• Experience in Procurement life cycle (RFPs, vendor scoring and selection, contract negotiation and management)
• Strong negotiation and problem-solving skills
• Excellent analytical abilities with proficiency in data-driven decision-making
• Ability to handle multiple projects, prioritize assignments and work effectively in a dynamic environment
• Exceptional communication, interpersonal, and leadership skills
• In-depth knowledge of technology trends, market dynamics and procurement best practices

Minimum:

• Skilled at working collaboratively in a cross-functional team environment
• Proficiency in procurement software and tools and complete MS Office Suite
• Familiarity with vendor management software and tools.

About the Company

Why choose a career at Mercury?

At Mercury, we have been guided by our purpose to help people reduce risk and overcome unexpected events for more than 60 years. We are one team with a common goal to help others. Everyone needs insurance and we can’t imagine a world without it.

Our team will encourage you to grow, make time to have fun, and work together to make great things happen. We embrace the strengths and values of each team member. We believe in having diverse perspectives where everyone is included, to serve customers from all walks of life.

We care about our people, and we mean it. We reward our talented professionals with a competitive salary, bonus potential, and a variety of benefits to help our team members reach their health, retirement, and professional goals.

Learn more about us here: https://www.mercuryinsurance.com/about/careers

Perks and Benefits

We offer many great benefits, including:

• Competitive compensation
• Flexibility to work from anywhere in the United States for most positions
• Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours)
• Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus)
• Medical, dental, vision, life, and pet insurance
• 401 (k) retirement savings plan with company match
• Engaging work environment
• Promotional opportunities
• Education assistance
• Professional and personal development opportunities
• Company recognition program
• Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more

Mercury Insurance is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by federal, state, or local law.

Pay Range

Salary : $92,410 - $171,195