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Sourcing and Vendor Management Analyst I

Date: Nov 22, 2022

Location: Erie, PA, US, 16530

Company: Erie Insurance

Division or Field Office:

Office Of The President

Department of Position: Treasury Department 

Work from:

Erie, PA Home Office

 

At Erie Insurance, you’re not just part of a Fortune 500 company; you’re also a valued member of a diverse and inclusive team that includes more than 5,000 employees and over 2,200 independent agencies.  Our Employees work in the Home Office complex located in Erie, PA, and in our Field Offices that span 12 states and the District of Columbia. 

We strive to be Above all in Service® to our customers—and to our employees. That’s why Erie Insurance offers you an exceptional benefits package, including:

•          Premier health, prescription, dental, and vision benefits for you and your dependents. Coverage begins your first day of work.

•          Low contributions to medical and prescription premiums. We currently pay up to 97% of employees’ monthly premium costs.

•          A pension. We are one of only 13 Fortune 500 companies to offer a traditional pension plan. Full-time employees are vested after five years of service.

•          A 401(k) with up to 4% contribution match. The 401(k) is offered in addition to the pension.

•          Paid vacation, personal days, sick days, bereavement days and parental leave.

•          Career development, including a tuition reimbursement program for higher education and industry designations.

•          Additional benefits that include company-paid basic life insurance; short-and long-term disability insurance; orthodontic coverage for children and adults; adoption assistance; fertility and infertility coverage; well-being programs; paid volunteer hours for service to your community; and dollar-for-dollar matching of your charitable gifts, up to $12,500 a year.

 

Position Summary

Assists in negotiating favorable terms, volume discounts and contracts with suppliers for the procurement of goods, services and supplies. Establishes and maintains ongoing relationships with suppliers to enhance the buying process. Assists in the research and analysis of industry trends and improved sourcing processes.

 

  • The successful candidate will work at Erie, PA home office with a hybrid schedule.

Duties and Responsibilities

  • Assists in the competitive bid process, from submission to evaluation of selected finalists. Handles purchasing of pre-assigned commodities and those assigned as needed by management.
  • Assists in the development and implementation of standards, processes, and procedures pertaining to the procurement of product categories and services. Establishes standardized buying programs where applicable. Utilizes existing systems and software to streamline and improve current processes.
  • Negotiates terms and conditions that have a minimal financial impact. Supports senior-level analysts on large-scale negotiations.
  • Prepares routine analyses and presents sound recommendations to senior-level analysts and management. Communicates negotiation objectives, scope, strategy, and direction to negotiation team.
  • Develops and maintains relationships with key suppliers to sustain thorough knowledge of current activity and prospective business opportunities.
  • Participates in establishment of annual objectives for contract supplier performance, product pricing, quality, and technological support.
  • Maintains current knowledge on assigned commodities. Investigates/ forecasts needs and gathers data regarding assigned purchasing areas. Recommends and/or implements changes to improve purchase of assigned commodities.
  • Establishes ordering processes that ensure inventory items are kept at a minimum quantity and prevents stock-outs.
  • Completes special projects as required.
  • The first four duties listed are the functions identified as essential to the job. Essential functions are those job duties that must be performed in order for the job to be accomplished.

  • This position description in no way states or implies that these are the only duties to be performed by the incumbent. Employees are required to follow any other job-related instruction and to perform any other duties as requested by their supervisor, or as become evident.

Competencies

Self-Development
Detail Orientation
Collaborates
Cultivates Innovation
Instills Trust
Information Management Skills
Decision Quality
Values Diversity
Job-Specific Knowledge
Nimble Learning
Customer Focus
Optimizes Work Processes
Ensures Accountability

Qualifications

Minimum Required Education Equivalents

  • Bachelor's degree in business, finance, MIS or related discipline required; or
  • Associate's degree in business, finance, MIS or related discipline and two years experience in purchasing and/or vendor management required; or
  • High school diploma or GED and four years experience in purchasing and/or vendor management required.

Knowledge of word processing and spreadsheet software required. Knowledge of contracts relationship to financial/operation reporting preferred.

Physical Requirements

Lifting 0-20 lbs; Occasional (<20%)
Lifting 20-50 lbs; Occasional (<20%)
Lifting Over 50 lbs; Rarely
Driving; Occasional (<20%)
Pushing/Pulling; Rarely
Manual Keying/Data Entry; Frequent (50-80%)
Climbing; Rarely


Nearest Major Market: Erie