Procurement Specialist

Overview Being good neighbors – helping people, investing in our communities, and making the world a better place – is who we are at State Farm. It is at the core of how we operate and the reason for our success. We are moving with urgency to become a Next Gen Good Neighbor, with technology that strengthens human connections and enhances the customer experience. As an employee, you will spend less time navigating systems and more time applying judgment, empathy, and expertise in the moments that matter most. Responsibilities Lead the development of vendor contractual agreements through close interactions with Corporate Counseling and Transactions (CC&T). Act as a strategic business partner by developing and building relationships to understand needs while providing outstanding customer service. Apply the principles of supply management and conduct financial analysis in support of procurement decisions through sourcing events, vendor selection and contract negotiation. Lead sourcing events and efforts involving vendors in a competitive environment. Conduct vendor negotiations with varying levels of complexity, including price, legal and business terms, and other service level requirements. Support vendor risk processes in alignment with Third-Party Risk Management enterprise policy. Utilize research and experience to develop and maintain expertise in products and services related to the assigned area. Maintain awareness of relevant tax laws, industry issues (including regulatory), data security risks, and general business principles. Effectively use procurement technology. Investigate and develop sources for products and services, including diversity suppliers. Perform coordination activities related to the procurement of products and services. Qualifications Experience managing third‑party contracts with detailed understanding of Terms and Conditions, Statements of Work/Work Orders, fee schedules, and SLAs. Track record of leading simultaneous, complex sourcing initiatives (RFP, RFI, RFQ), contract negotiations, and critical vendor relationship management. Proven results from using various negotiating techniques with the ability to deliver favorable agreements that meet business requirements. Strong financial acumen, including ROI/cost‑savings calculations, and ability to analyze fee structures. Excellent communication (oral and written) and interpersonal skills, with the ability to build relationships and influence stakeholders at multiple levels. Knowledge of procurement industry and market trends. Demonstrated learning agility and a desire for continuous growth. Ability to work independently and drive resolution on complex issues spanning multiple teams. Experience with procurement systems (Coupa, SAP, Oracle, etc.) and processes, including contract management and supplier relationship management. Work Arrangement May require irregular work hours. Work location: Corporate office in Bloomington, IL or Hub office in Tempe, AZ, Dunwoody, GA, Richardson, TX. Hybrid arrangement: selected candidates will be assigned to a facility and will spend some time working both in the office and from home. Work arrangements may change over time based on business need. Starting in the fall of 2026, hybrid employees will be in‑office 35% of the time (7–8 days per month). By the end of 2027, hybrid employees will be in‑office at least 50% of the time (10–11 days per month). Applicants must be eligible to lawfully work in the U.S. immediately; the employer will not sponsor U.S. work authorization. Benefits Potential starting salary range: $65,000–$95,000 (based on skills, background, and experience). The high end of the range is limited to applicants with significant relevant experience. Potential yearly incentive pay up to 10% of base salary. Annual raise and bonus. Robust health and wellbeing programs; State Farm pays most of your healthcare premium and offers multiple plan options, including a high deductible plan. Access to vision, dental, telemedicine, 24/7 mental health professionals, and more. Educational benefits such as training programs, tuition assistance, employee resource groups, and mentoring. Benefits for major life moments: fertility/IVF/adoption assistance, college coaching, national discount programs, financial workshops, and free financial coaching. Generous time‑off policies: up to 20 days annually plus parental leave, paid holidays, celebration day, life leave, bereavement leave, and community service/education support days. Matching Gift Program, Good Neighbor Grant Program, and Employee Assistance Fund for giving back. 401(k) plan with company contributions of up to 7% of your salary and free financial advisors. #J-18808-Ljbffr State Farm