Procurement, Sourcing Manager

GEICO GEICO · Insurance · Chicago, IL +1

This role is for a Procurement, Sourcing Manager at GEICO. The primary responsibilities include developing and executing sourcing processes, identifying cost drivers, supporting the sourcing cycle (supplier selection, contract negotiation), and assisting with competitive bid processes (RFPs, RFIs, RFQs). The role requires experience in running sourcing events, contract management, and communicating with senior management. It is not directly related to AI/ML development or research.

What you'd actually do

  1. SUPPORTS the development and execution of sourcing processes, tools, and training to drive sourcing best practices and consistency. Ability to help mentor other associates.
  2. DEVELOPS sourcing initiatives through the introduction of a competitive marketplace, demand management, and supplier consolidation.
  3. IDENTIFIES and COMMUNICATES cost drivers and trends to create procurement strategies across the category.
  4. SUPPORTS the sourcing cycle, including supplier identification and selection, price negotiation, contract negotiations, and executive shareholder engagements. Participates and applies competitive pricing and bidding practices for multiple strategic sourcing needs.
  5. Works closely with 4 or more business units and understands their sourcing needs. ASSISTS with the competitive bid processes including RFPs, RFIs, and RFQs.

Skills

Required

  • Bachelor’s degree or relevant experience required
  • Experience running sourcing events across multiple industry categories, including professional services, and tech engagements
  • Experience with ensuring customer requirements are met during the sourcing process
  • Experience communicating with senior management and responding to their inquiries and requests

Nice to have

  • Bachelor’s degree in Finance, Business Administration, or Supplier Management is preferred
  • Experience with a large service provider is preferred
  • Contract Management Systems experience is preferred