This position is responsible for leveraging contract and spend data analytics to proactively identify sourcing opportunities and drive value across Chubb’s Human Resources, Marketing and Insurance Business Unit Spend. The role will work closely with internal stakeholders and Sourcing leadership to lead corporate services sourcing projects, support strategic priorities, and deliver on expense reduction initiatives. By conducting in-depth data analysis, the Category Lead will inform strategic decision-making, uncover cost-saving opportunities, and provide consultative support to resolve business challenges.
This role will champion the development and execution of strategic sourcing strategies with the goal of optimizing spend, mitigating risk, maximizing savings, and assuring quality and delivery of technology products and services to Chubb. Success in this position requires strong analytical capabilities, sound negotiation skills, and extensive experience in strategic sourcing.
Primary Responsibilities:
Leverage contract review and detailed spend analytics to proactively identify sourcing opportunities, cost reduction initiatives, and risk mitigation strategies across the Technology and Software categories.
Direct cross-functional teams through the full strategic sourcing cycle, including vendor identification and selection, price negotiation, and contract “red-lining” in collaboration with Legal counterparts for MSAs, Schedules, SOWs, etc., ensuring contract terms align with business objectives and cost optimization goals.
Directly manage high-value sourcing engagements of varying spend, risk, and complexity levels in categories.
Regularly analyze spend data and contract terms to assess savings opportunities, track compliance, and support business case development for sourcing initiatives.
Agree with business clients on approach and schedule for sourcing projects and related contract negotiations, incorporating data-driven insights into planning and execution.
Communicate regularly with key business stakeholders regarding project approach, scope, key issues, status, business requirements, and relevant dependencies, using analytics to inform discussions and recommendations.
Assess and quantify savings opportunities on all engagements, working with clients to achieve optimal outcomes based on spend analysis and contract benchmarking.
Report on cost reductions, savings, and value delivered, supported by robust spend analytics and contract performance metrics.
Additional Items for consideration:
Evaluating sourcing procedures and presenting improvement strategies to senior management for approval
Analyzing and calculating procurement costs and developing cost reduction strategies
Driving purchasing decisions based on cost and scenario analysis, as well as market trends
Negotiating contracts with key suppliers including costs and terms of supply, service, and quality
Collaborating with the procurement department to identify and pursue new supplier opportunities
Conducting market research, as well as creating cost estimates and forecasts
Estimating risks and applying risk minimizing techniques, as well as negotiating contracts that comply with industry regulations
Maintaining strategic sourcing relationships and developing strong partnerships
Bachelor's degree in business, economics, finance, logistics, or in a related field
Minimum of 7 years of procurement experience in a related industry
Excellent organizational and time management skills.
Strong process analysis and analytical skills including ability to use data to drive decision making
Strong problem solving and troubleshooting skills with the ability to exercise mature judgment
Proven ability to lead, motivate and gain commitment from Executive leadership, senior management, direct/indirect reports, and colleagues
- Exceptional ability to influence stakeholders and drive groups with divergent opinions toward effective, collaborative decisions
- Strong supplier relationship and conflict management skills
Strong oral and written communications and influencing skills
Ability to effectively summarize program status and create PowerPoint presentations for executive audience
Able to navigate a global matrixed organization, influence stakeholders and affect outcomes. Ability to gain trust and influence with limited direct authority
Ability to think outside the box, multi-task, and work well under pressure, to identify issues and work to resolve them in partnership with business leaders
Skills Required
- Bachelor's degree in business, economics, finance, logistics, or related field
- Minimum of 7 years of procurement experience
- Strong process analysis and analytical skills
- Strong supplier relationship and conflict management skills
- Excellent organizational and time management skills
What We Do
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs 31,000 people worldwide. Additional information can be found at: chubb.com.
