Description

JOB DESCRIPTION

This position is responsible for leveraging contract and spend data analytics to proactively identify sourcing opportunities and drive value across Chubb's Human Resources, Marketing and Insurance Business Unit Spend. The role will work closely with internal stakeholders and Sourcing leadership to lead corporate services sourcing projects, support strategic priorities, and deliver on expense reduction initiatives. By conducting in-depth data analysis, the Category Lead will inform strategic decision-making, uncover cost-saving opportunities, and provide consultative support to resolve business challenges.

This role will champion the development and execution of strategic sourcing strategies with the goal of optimizing spend, mitigating risk, maximizing savings, and assuring quality and delivery of technology products and services to Chubb. Success in this position requires strong analytical capabilities, sound negotiation skills, and extensive experience in strategic sourcing.

Primary Responsibilities:

• Leverage contract review and detailed spend analytics to proactively identify sourcing opportunities, cost reduction initiatives, and risk mitigation strategies across the Technology and Software categories.
• Direct cross-functional teams through the full strategic sourcing cycle, including vendor identification and selection, price negotiation, and contract "red-lining" in collaboration with Legal counterparts for MSAs, Schedules, SOWs, etc., ensuring contract terms align with business objectives and cost optimization goals.
• Directly manage high-value sourcing engagements of varying spend, risk, and complexity levels in categories.
• Regularly analyze spend data and contract terms to assess savings opportunities, track compliance, and support business case development for sourcing initiatives.
• Agree with business clients on approach and schedule for sourcing projects and related contract negotiations, incorporating data-driven insights into planning and execution.
• Communicate regularly with key business stakeholders regarding project approach, scope, key issues, status, business requirements, and relevant dependencies, using analytics to inform discussions and recommendations.
• Assess and quantify savings opportunities on all engagements, working with clients to achieve optimal outcomes based on spend analysis and contract benchmarking.
• Report on cost reductions, savings, and value delivered, supported by robust spend analytics and contract performance metrics.
  

Additional Items for consideration:

• Evaluating sourcing procedures and presenting improvement strategies to senior management for approval
• Analyzing and calculating procurement costs and developing cost reduction strategies
• Driving purchasing decisions based on cost and scenario analysis, as well as market trends
• Negotiating contracts with key suppliers including costs and terms of supply, service, and quality
• Collaborating with the procurement department to identify and pursue new supplier opportunities
• Conducting market research, as well as creating cost estimates and forecasts
• Estimating risks and applying risk minimizing techniques, as well as negotiating contracts that comply with industry regulations
• Maintaining strategic sourcing relationships and developing strong partnerships
  

Requisition #: 32116

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