Strategic Sourcing
Posted on: 28 Sep 2021
Cincinnati, OH
Job Description
Essential Job Functions and Responsibilities
Responsible for moderately to complex strategic sourcing efforts. Evaluates the lowest cost consistent with consideration of quality, reliability of strategic source, and urgency of need for customers. Supports more experienced positions and/or management on more complex strategic sourcing projects.
Support and/or develop strategic sourcing strategy for respective area of responsibility
Apply strategic sourcing methodology for assigned projects and assist in developing new opportunities.
Study market trends, interview suppliers, and recommend sources of supply and/or solutions.
Compile and analyze statistical data to establish benchmarks and objectives for negotiations.
Develop and lead RFx (Request for Information, Request for Proposal, or Request for Quote) efforts for area of responsibility. Including RFx issuance, submission coordination, scoring and award. Conduct due diligence disclosure.
Negotiate standard contract terms and conditions.
Work with Business Owner to identify and evaluate key contractual business terms.
Collaborate with legal staff to address contractual issues and concerns.
Establish and maintain collaborative relationships with key stakeholders.
Develops and maintains necessary records and files for efficient operation.
Researches new trends or advances in products to assist business units in finding solutions and making appropriate buying decisions. Remains current on changing business needs and potential industry issues.
Researches and responds to questions.
May provide guidance and assistance to other positions and other functional areas.
May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
Performs other duties as assigned.
Job Requirements
Bachelor’s degree, or equivalent, in Business, Finance, or related field
4+ years related experience in sourcing, procurement, buying or purchasing
Experience in contracting for contingent labor, managed services/BPO and/or consulting preferred
Experience contracting for an agile project management or development model a plus
Experience in leading contracting and redline efforts
Capable executive communicator, both written and verbal
Experience in leading and influencing cross functional teams
American Financial Group
Cincinnati, OH
American Financial Group, Inc. is a holding company based in Cincinnati, Ohio and founded in 1959. Our insurance roots go back to 1872 with the founding of Great American Insurance Company. Today, through the operations of Great American Insurance Group, AFG is engaged in property and casualty (P&C) insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities. We are proud to provide insurance products that help businesses manage their unique financial risks and exposures and annuity products that help individuals protect their financial futures.
AFG’s Specialty P&C Group is comprised of over 30 diversified businesses offering a wide range of specialty commercial coverages in three major groupings: Property and Transportation, Specialty Casualty and Specialty Financial. Our Annuity operations are focused on sales of traditional fixed, fixed-indexed and variable-indexed annuities in the retail, financial institutions, broker-dealer and registered investment advisor markets. Our Annuity Group enjoys a long history in the industry, with long-term, strong agent relationships and a reputation for simple, consumer-friendly products.
A diversified business model with P&C and annuity operations has worked well for us; many of our businesses are among the top performers in their respective industries. Our business has entrepreneurial spirit at its core, with a focus on accountability. Business autonomy in our Specialty P&C and Annuity operations facilitates agility in underwriting, claims and policy servicing, and enables these businesses to develop distribution strategies and relationships in the unique markets they serve.
AFG’s in-house investment management team oversees a portfolio of nearly $50 billion, and produces returns that have consistently outperformed industry benchmarks. Fixed income securities, primarily investment grade bonds, account for about 92% of our total investments. Approximately 91% of our fixed maturity investments are rated investment grade by nationally recognized rating agencies, with 98% rated NAIC 1 or 2, NAIC's highest ratings. Stocks, real estate, policy loans and other investments make up the remainder of the portfolio.
We believe that superior underwriting results, superior investment talent and intelligent deployment of capital lead to long-term value creation for our shareholders. With the power of generations behind it, AFG grows and changes with discipline and integrity. We're proud of who we are, where we've been and where we're going. Our industry is changing and we continue to change as well. We strive to provide quality products and service to our customers and agents, offer a rewarding work environment for our employees, and build value for our shareholders.
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IndustryBanking/Financial Services
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No. of Employees7,600+
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Website
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Jobs Posted22
