Supplier Consultant

Posted 4 Days Ago
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Princeton, NJ
Hybrid
71K-133K Annually
Entry level
Cloud • Insurance • Professional Services • Analytics • Cybersecurity
The Role
The Supplier Consultant leads supply category strategies and manages supplier activities, focusing on consulting, performance trends, issue management, and process improvements. Responsibilities include developing category strategies, executing sourcing strategies, negotiating with suppliers, managing supplier relationships, conducting root cause analyses, and overseeing financial aspects. The role requires collaboration with various departments to ensure optimal terms and service levels.
Summary Generated by Built In

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.
The Supplier Consultant is accountable for the execution of relevant supply category strategy for a CNA function and supplier management activities including consulting, performance trends, issue management, corrective action plans, and process improvements for all assigned supplier categories. This role will manage suppliers using Performance, Contract, Finance, Risk and Relationship to support a corresponding line of business. The role will have accountability for coordinating moderate to high complexity business requirements and the sourcing negotiation and contracting for new/potential suppliers.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
Collaborate with functional line of business to develop Category Strategy by identifying their product and service requirements, provide supply market insights to form a short & long term view.
Provide input and recommendation into the appropriate strategies and levers to apply to procure products and services at the optimal terms and pricing.
Execute on the identified sourcing strategy and applying the identified sourcing levers through RFPs, soft-market-tests, and other mechanisms.
Recommend plans for negotiating with suppliers to achieve improved terms and pricing, such as by conducting a thorough due diligence of supplier incentives and pain points, assigning roles for the negotiations, level-setting on the desired outcomes, scenario planning, etc. Participate with EPG to execute the negotiations strategy
Liaisons with necessary groups to obtain approval of contracts according to the agreed upon terms and pricing; this includes but is not limited to Line of Business, IT and Procurement.
Manages supplier relationships utilizing the five pillars of supplier management including Performance, Contract, Finance, Risk and Relationship
Manages suppliers service effectiveness to ensure that related goals and contracted service levels are met or exceeded.
Investigates issue management including identifying problems, root cause analysis, securing relevant information, and recommending solutions. Provides financial oversight including overtime cost, invoice validation and service credit monitoring.
Identifies and mitigates risk exposure through engagement with 3rd parties, regular risk tracking, recommending contingency and business continuity plans, and tiering supplier according to their risk exposure for the enterprise.
Acts as a change agent to others.
May perform additional duties as assigned.
Reporting Relationship
Director or above
Skills, Knowledge & Abilities
Strong knowledge of specialty area as well as solid knowledge of departmental sourcing practices and procedures as they relate to the organization. Knowledge of Microsoft Office Suite as well as other business-related software Excellent negotiation, verbal and written communication skill. Good interpersonal skills and the ability to work independently and with personnel at all levels. Ability to prioritize and manage multiple tasks and projects. Must be results and detailed oriented with strong analytical and problem solving skills.
Education & Experience
1. Bachelor's degree or equivalent experience.
2. Typically a minimum of five to eight years' work experience in supplier management.
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I n certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia , California, Colorado, Connecticut, Maryland , New York and Washington, the national base pay range for this job level is $71,000 to $133,000 annually.Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees - and their family members - achieve their physical, financial, emotional and social wellbeing goals. For a detailed look at CNA's benefits, please visit cnabenefits.com .
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [email protected] .

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The Company
HQ: Chicago, IL
7,000 Employees
Hybrid Workplace
Year Founded: 1897

What We Do

CNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 125 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe.

As a company of allies, we understand the importance of fostering an inclusive and supportive culture for all employees. Our eight Employee Resource Groups elevate the voices of underrepresented groups and champion critical DEI initiatives in the workplace and beyond. We strive to promote an environment of inclusion and continuously work to ensure all employees feel valued and respected.

Why Work With Us

CNA knows the importance of having the tools you need to expand your expertise and develop your career. With a variety of cross-discipline and cross-functional opportunities, CNA provides you with the tools and resources needed to customize your career path and understand what is needed to be effective in your role.

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CNA Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Typical time on-site: Flexible
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HQChicago, IL
Located in the heart of the loop, CNA’s headquarters are at 151 N Franklin. With close proximity to both L and Metra stations.

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