- Conduct in-depth analysis of client requirements and industry trends to identify strategic sourcing opportunities.
- Develop and execute comprehensive sourcing strategies, including market research and supplier identification.
- Engage with clients to understand their unique needs and tailor sourcing solutions accordingly.
- Negotiate and manage contracts with suppliers, ensuring favorable terms and conditions for our clients.
- Collaborate with cross-functional teams to align sourcing initiatives with overall business objectives.
- Monitor and evaluate supplier performance, ensuring compliance with agreed-upon SLAs and KPIs.
- Identify cost-saving opportunities and implement efficient procurement processes.
- Stay updated on industry best practices and emerging technologies in strategic sourcing.
- Provide regular progress reports and present findings to clients and stakeholders.
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
- Minimum 3 years of experience in strategic sourcing or procurement, preferably in the insurance industry.
- Strong analytical and problem-solving skills, with the ability to interpret data and make informed decisions.
- Excellent negotiation and communication skills, with a track record of building strong client relationships.
- Proficiency in using sourcing and procurement software tools.
- Knowledge of industry-specific regulations and compliance requirements.
- Ability to work independently and manage multiple projects simultaneously.
- Strong attention to detail and a results-driven mindset.
- Willingness to travel as required for client engagements.
- A proactive and collaborative approach to team work.
The posted base salary range is the hiring base salary range for this role. Final offers are based on several factors, including: the candidate's skills and experience, internal pay equity, work location, market conditions for the role, and the specific scope and responsibilities of the position.
Skills Required
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field
- Minimum 3 years of experience in strategic sourcing or procurement
- Insurance industry experience
- Strong analytical and problem-solving skills
- Ability to interpret data and make informed decisions
- Excellent negotiation and communication skills
- Track record of building strong client relationships
- Proficiency in sourcing and procurement software tools
- Knowledge of industry-specific regulations and compliance requirements
- Ability to work independently and manage multiple projects simultaneously
- Strong attention to detail and results-driven mindset
- Willingness to travel as required for client engagements
- Proactive and collaborative approach to teamwork
What We Do
Choosing a digital partner is about more than capabilities — it’s about collaboration and character. Unrealistic overhauls and off-the-shelf products ignore what matters most — your unique needs, culture, goals, and your legacy data and technology environments. At EXL, our collaboration is built on ongoing listening and learning to adapt our methodologies. We’re your business evolution partner—tailoring solutions that make the most of data to make better business decisions and drive more intelligence into your increasingly digital operations. Whether your goals are scaling the use of AI and digital, redesign operating models, or driving better and faster decisions, we’re here to partner with you to help you gain—and maintain—competitive advantage with efficient, sustainable models at scale. Our expertise in transformation, data science, and change management helps make your business more efficient and effective, improve customer relationships and enhance revenue growth. Instead of focusing on multi-year, resource- and time-intensive platform designs or migrations, we look deeper at your entire value chain to integrate strategies with impact. We use our specialization in analytics, digital interventions, and operations management—alongside deep industry expertise — to deliver solutions that help you outperform the competition. At EXL, it’s all about outcomes—your outcomes—and delivering success on your terms. Share your goals with us and together, we’ll optimize how you leverage data to drive your business forward. For more information, visit www.exlservice.com.
