Erie Insurance

Sourcing and Vendor Management Analyst I

Posted on: 13 Feb 2021

Erie, PA

Job Description

Division or Field Office:

Office Of The President

Department of Position: Treasury Department

Work from:

Corporate Office in Erie, PA

At Erie Insurance, youre not just part of a Fortune 500 company; youre also a valued member of a diverse and inclusive team that includes more than 5,000 employees and over 2,200 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. To attract and retain the best talent, we reward our team members with competitive salaries and a very generous benefits package.

Position Summary

Assists in negotiating favorable terms, volume discounts and contracts with suppliers for the procurement of goods, services and supplies. Establishes and maintains ongoing relationships with suppliers to enhance the buying process. Assists in the research and analysis of industry trends and improved sourcing processes.

* Candidates who have analytical and data driven skill sets are preferred
* Candidates who have experience with SAP, Ariba, and/or PeopleSoft are preferred

Duties and Responsibilities

* Assists in the competitive bid process, from submission to evaluation of selected finalists. Handles purchasing of pre-assigned commodities and those assigned as needed by management.
* Assists in the development and implementation of standards, processes, and procedures pertaining to the procurement of product categories and services. Establishes standardized buying programs where applicable. Utilizes existing systems and software to streamline and improve current processes.
* Negotiates terms and conditions that have a minimal financial impact. Supports senior-level analysts on large-scale negotiations.
* Prepares routine analyses and presents sound recommendations to senior-level analysts and management. Communicates negotiation objectives, scope, strategy, and direction to negotiation team.
* Develops and maintains relationships with key suppliers to sustain thorough knowledge of current activity and prospective business opportunities.
* Participates in establishment of annual objectives for contract supplier performance, product pricing, quality, and technological support.
* Maintains current knowledge on assigned commodities. Investigates/ forecasts needs and gathers data regarding assigned purchasing areas. Recommends and/or implements changes to improve purchase of assigned commodities.
* Establishes ordering processes that ensure inventory items are kept at a minimum quantity and prevents stock-outs.
* Completes special projects as required.
* The first four 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

Ability To Learn And Follow Procedures

Ability to Manage Complexity

Decision Making

Detail Orientation

Developing And Maintaining Relationships

Influencing Skills

Information Management Skills

Interpersonal Communication

Job-Specific Knowledge

Planning And Organizing

Presentation Skills

Problem Analysis

Service Orientation

Switching Tasks

Time Management

Qualifications

Minimum Required Education Equivalents

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

Knowledge of word processing and spreadsheet software required. Knowledge of contracts relationship to financial/operation reporting preferred.

Physical Requirements

Lifting 0-20 lbs; Occasional (<20%)

Lifting 20-50 lbs; Occasional (<20%)

Lifting Over 50 lbs; Rarely

Driving; Occasional (<20%)

Pushing/Pulling; Rarely

Manual Keying/Data Entry; Frequent (50-80%)

Climbing; Rarely

Erie Insurance

Erie, PA

Erie Indemnity Company (Indemnity) is a publicly held Pennsylvania business corporation that has been the managing attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange (Exchange) since 1925. The Exchange is a subscriber-owned Pennsylvania-domiciled reciprocal insurer that writes property and casualty insurance. 

Indemnity’s primary function is to perform certain services for the Exchange relating to the sales, underwriting and issuance of policies on behalf of the Exchange. This is done in accordance with a subscriber’s agreement (a limited power of attorney) executed by each subscriber (policyholder), who appoints Indemnity as their common attorney-in-fact to transact business on their behalf and manage the affairs at the Exchange.

The property and casualty and life insurance operations are owned by the Exchange, and Indemnity functions as the management company. Indemnity, the Exchange, and its subsidiaries and affiliates, operate collectively as the “Erie Insurance Group” (The ERIE®).

 

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