Sourcing and Vendor Management Analyst II *Marketing Focused / Relocation Opportunity*

Date: Jun 12, 2024

Location: Erie, PA, US, 16530

Company: Erie Insurance

Division or Field Office:

Office of the CFO

Department of Position: Treasury Department 

Work from:

Corporate Office, Erie PA
Salary Range:

$67,958.00 - $108,556.00 *

salary range is for this level and may vary based on actual level of role hired for

*This range represents a national range and the actual salary will depend on several factors including the scope and complexity of the role and the skills, education, training, credentials, location, and experience of an applicant, as well as level of role for which the successful candidate is hired. Position may be eligible for an annual bonus payment.

 

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 6,000 employees and over 13,000 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. 

Benefits That Go Beyond The Basics

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.
  • 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.
  • 401(k) with up to 4% contribution match. The 401(k) is offered in addition to the pension.
  • Paid time off. 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 each year.

 

Position Summary

  • Experience in Marketing procurement and products is preferred.
  • The Hiring Manager will also consider candidates for the Senior Sourcing & Vendor Management Analyst position (F13).  Level of position offered will be based upon the depth and breadth of selected candidate's experience and qualifications.
  • This position is in Erie PA so this is a great opportunity for relocation for those candidates outside of the Erie, PA area.  Comprehensive relocation benefits and assistance may be available to those that qualify.

 

Responsible for the support and implementation of standards, processes, and procedures pertaining to the sourcing and vendor management activities of services and/or products.  Conducts research and analysis within category and industry markets to conduct proactive and collaborative sourcing operations, competitive bidding events, and support internal processes.  Negotiates favorable terms and conditions that have a positive financial impact on the organization. Supports vendor evaluation processes that ensure agreement terms, conditions, costs and delivery are met according to business partner expectations. 

Duties and Responsibilities

Proactively conducts and supports all aspects of the competitive bidding process, from industry research, vendor submission, response evaluation and award selection to create cross functional, value-add, advantages for internal business and/or IT leaders.

Provides coaching, advice, and training on matters of policy, ethics, tactics, and mechanics of supporting competitive bidding events. 

Aligns terms and conditions within agreements that effectively achieve desired outcomes, through the consideration and collaboration across cross-functional areas.

Conducts negotiation preparation actions, develops appropriate strategies with stakeholders, and effectively operates against the plan.

Drafts, negotiates, and successfully executes standard agreements with vendors to deliver valuable and impactful terms and conditions to the organization.

Develops and maintains relationships with key vendors to sustain comprehensive knowledge of current, and projected, industry insights that support business needs.

Articulates internal business needs and manages vendor performance requirements to build competitive and collaborative relationships.

Researches and discusses basic industry trends and category concepts, conducts analysis on products, services, and pricing innovations with business and/or IT leaders.  Applies appropriate market insights and research to support negotiations and agreement development strategies that deliver the best total value to the organization.

Participates in the establishment, monitoring and management of annual goals and objectives to ensure vendor performance consistently meets desired pricing, quality, delivery, and support expectations.

Applies vendor segmentation criteria and aligns vendor management with expectations. Guides internal stakeholders through proactive collaboration across the organization to achieve desired and expected service levels and outcomes.

Completes special projects and participates in process improvement initiatives as required.

The first six 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 and two years’ experience in purchasing and/or vendor management required; or 

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

Knowledge of word processing and spreadsheet software required. 

Knowledge of contract’s relationship to financial/operation reporting required.

Physical Requirements

Lifting/Moving 0-20 lbs; Occasional (<20%)
Lifting/Moving 20-50 lbs; Occasional (<20%)
Ability to move over 50 lbs using lifting aide equipment; Rarely
Driving; Occasional (<20%)
Pushing/Pulling/moving objects, equipment with wheels; Rarely
Manual Keying/Data Entry/inputting information/computer use; Frequent (50-80%)
Climbing/accessing heights; Rarely


Nearest Major Market: Erie