Procurement Analyst

Join Starr

Starr, a global leader in commercial insurance with over a century of expertise, empowers its employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.

Role Summary

We are currently seeking to add a qualified individual to our Procurement organization to support the Senior Director of Procurement in various aspects of managing external vendor relationships while meeting the needs of the respective internal business stakeholders. The Procurement Analyst will play a key role in fulfilling the objectives of the Procurement organization by:

• Performing tasks in support of supplier negotiations, including financial analysis of all proposals
• Serving as a key point of contact for supplier partners to engage on strategic initiatives
• Managing the entirety of the contract lifecycle for the non-IT Professional Services Sourcing category

Key Tasks

• Coordinate Requests for Information (RFIs) for individual vendor reviews
• Conduct Request for Proposals (RFPs) of strategic vendors to verify we are receiving the optimal goods or services for our needs (by liaising with the business) at the best possible cost
• Proactively schedule (annual or otherwise) business reviews and ensure they are conducted on a timely basis, including those whose scale, risk and criticality necessitate enhanced review
• Develop key performance indicator (KPI) metrics to gauge success of Procurement initiatives, including cost savings analyses
• Coordinate with the Legal Operations team to ensure all contracts are recorded and tracked to provide for improved management of contract renewals
• Assist the Senior Director of Procurement in vendor contract negotiations, both new opportunities and renewals with a focus on the Non-IT Professional Services sourcing category
• Back up our travel/card program administrator with functions such as issuing Corporate Cards to employees and assist employees in navigating the American Express Portal and Concur Travel platform
• Evaluate "cold call" vendor inquiries to gauge interest of internal stakeholders.
• Review of purchase requests and issuance of purchase orders in alignment with departmental standards

Required Skills, Knowledge & Experience

• Bachelor's degree in an appropriate field (Finance, Accounting, Supply Chain Management)
• 2+ years of experience in a Supplier Services or Procurement support role
• Knowledge of Vendor Management workflow technology is a plus
• Experience using a Financial ERP system is a plus
• Experience using a contract lifecycle management (CLM) platform to track, analyze, and optimize contracts with vendors and service providers is a plus
• Experienced user of MS Office toolset (Word, Excel, PowerPoint). Advanced Excel proficiency is a plus.
• Basic understanding of the different entities within a typical property & casualty insurance carrier and their role within the holistic organization.
• Understanding of the principles and common frameworks of successful business process analysis and change management.
• Proven experience in providing service to internal stakeholders to achieve successful outcomes
• Demonstrated capability for problem solving, decision making, and sound judgment
• Excellent oral and written communication skills as well as excellent presentation skills with ability to conduct presentations comfortably to large groups.
• Strong relationship building and interpersonal skills
• Professional and positive approach
• Diligent with attention to detail
• Adopts a collaborative approach and works well in a team
• Able to handle multiple tasks and shifting priorities
• Self-motivated & self-sufficient
• Strong analytical and trouble shooting skills

Company Description:

Starr Companies, comprised of C.V. Starr & Co., Inc. (C.V. Starr) and Starr Insurance Holdings, Inc., and its subsidiaries, is a global, privately held, insurance, financial services, and investments organization. Starr's insurance agencies write specialty lines covering aviation, marine, energy, property and excess casualty insurance, including risks with international exposures and provide a broad spectrum of specialized value-added services, including claims handling and settlement, risk assessment and loss prevention. Starr's insurance companies, Starr Indemnity & Liability Company and Starr Surplus Lines Insurance Company, provide high-quality, customized property and casualty and accident and health insurance products, with significant access to the excess and surplus marketplace for certain lines of business. These companies also provide loss control, claims, administrative and reinsurance services to their policyholders.

For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of salary would be up to $90,000.

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.