Commercial Lines - Operations Specialist II - III - Procurement Manager

DescriptionMake a difference with a career in insuranceAt The Cincinnati Insurance Companies, we put people first and apply the Golden Rule to our daily operations. To put this into action, we’re looking for extraordinary people to join our talented team. Our service-oriented, ethical, knowledgeable, caring associates are the heart of our vision to be the best company serving independent agents. We help protect families and businesses as they work to prevent or recover from a loss. Share your talents to help us reach for continued success as we bring value to the communities we serve and demonstrate that Actions Speak Louder in Person.If you’re ready to build productive relationships, collaborate within a diverse team, embrace challenges, and develop your skills, then Cincinnati may be the place for you. We offer career opportunities where you can contribute and grow.Build your future with usOur Commercial Lines Administration department is seeking a highly experienced and business-savvy Procurement Manager to lead all procurement activities for the Commercial Lines business unit. This strategic role is responsible for managing the full third-party lifecycle—sourcing, contracting, and supplier relationship management—while ensuring alignment with enterprise-level standards, controls, and regulatory requirements.This individual will partner closely with Commercial Lines leadership and enterprise procurement functions to source and manage solutions that directly support the operation and performance of our Commercial Lines products. The ideal candidate brings deep sourcing experience within the P&C insurance industry, preferably with a focus on Commercial Lines, and has strong contract negotiation, analytical skills, and business acumen.This position is based at our Headquarters in Fairfield, Ohio.The pay range for this position is $137,465 - $174,930 annually. The pay determination is based on the applicant’s education, experience, location, knowledge, skills, and abilities. Eligible associates may also receive an annual cash bonus and stock incentives based on company and individual performance.Be ready to:develop and execute a category strategy tailored to Commercial Lines operations, leveraging market intelligence and spend analyticslead sourcing strategy, RFI/RFP processes, vendor selection, and negotiation of contracts for Commercial Lines-related third-party engagementsproactively identify cost savings, process improvements, and risk mitigation opportunities with tier 1 supplierscollaborate with Commercial Lines leadership and stakeholders to understand operational needs and identify third-party solutions that deliver measurable valueserve as the Commercial Lines point of contact for enterprise procurement, legal, compliance, and risk teams to ensure third-party engagementscomply with all corporate policies, regulatory requirements, and controlsdrive supplier performance management, including the development of SLAs, KPIs, performance scorecards, business reviews, and billing/invoice validationconduct detailed data analysis to extract actionable insights from spend, usage, and performance data across multiple sources and formatsmaintain knowledge of Commercial Lines operations, business objectives, and industry best practices to ensure procurement decisions align with enterprise objectivesQualificationsBe equipped with:demonstrated experience sourcing and negotiating contracts for Commercial Lines products or servicesproven success managing supplier relationships, including performance management and dispute resolutionstrong understanding of how Commercial Lines insurance operations are structured and how third-party services support themadvanced contract negotiation skills, including redlining, drafting, and managing legal/commercial termsexceptional analytical skills; ability to synthesize large, complex data sets into strategic insightsexperience collaborating cross-functionally in a matrixed or decentralized environmentprior experience in Commercial Lines Category Management (preferred)familiarity with insurance regulatory compliance related to third-party risk (preferred)Core Competencies:strategic thinking and business acumeninfluencing and negotiationdata interpretation and decision supportrelationship management and collaborationcompliance and risk awarenessBring education and experience from:a bachelors degree (required)5+ years of procurement, strategic sourcing, or category management experience, with at least 3 years in the Property & Casualty insurance industry (required)Enhance your talents Providing outstanding service and developing strong relationships with our independent agents are hallmarks of our company. Whether you have experience from another carrier or you’re new to the insurance industry, we promote a lifelong learning approach. Cincinnati provides you with the tools and training to be successful and to become a trusted, respected insurance professional – all while enjoying a meaningful career. Enjoy benefits and amenities Your commitment to providing strong service, sharing best practices and creating solutions that impact lives is appreciated. To increase the well-being and satisfaction of our associates, we offer a variety of benefits and amenities. Embrace a diverse team As a relationship-based organization, we welcome and value a diverse workforce. We grant equal employment opportunity to all qualified persons without regard to race; creed; color; sex, including sexual orientation, gender identity and transgender status; religion; national origin; age; disability; military service; veteran status; pregnancy; AIDS/HIV or genetic information; or any other basis prohibited by law. All job applicants have rights under Federal Employment Laws. Please review this information to learn more about those rights.