Procurement Specialist, Insurance And Financial Services

Nationwide Columbus , OH 43216

Posted 2 months ago

If you're passionate about becoming a Nationwide associate and believe you have the potential to be something great, let's talk.

Number 57 on the Fortune Magazine 100 Best Places to Work.

This position will support sourcing for Insurance and Financial Services

Job Description Summary

  • Addendum-

This position will support sourcing for Insurance and Financial Services.

Ideal candidates will have the following:

  • Sourcing experience in Insurance & Financial Services

  • Category management experience

  • Project management experience

  • Bachelors Degree

Compensation Grade: F3

JOB SUMMARY: Responsible for the procurement and acquisition of goods and services for Nationwide that deliver near-term sourcing value and work to enhance processes and drive efficiency.

Consult and advise business units or functions on the acquisition of goods and services of basic to moderate complexity across one or multiple domains (categories). Conduct industry research, benchmark analysis, competitive bids, and develop contracts according to procurement policies. Review and analyze category spend for sourcing or expense reduction opportunities. Supports Strategic Sourcing Team in multiple capacities to ensure business plans are executed against sourcing strategy.

Job Description

Reports To: Manager. No direct or indirect reports but may serve in a lead capacity to business partners. Develop and maintain collaborative partnerships across Supply Management functions and with business unit stakeholders to ensure alignment of business unit and sourcing strategy objectives for designated domain(s).

Key Responsibilities:

Collaborate with Strategic Sourcing on all aspects of assigned domains (categories) to include prioritization, contract renewals, benchmarking and industry research in order to achieve defined business goals.

Leverage demand and buy levers to evaluate moderately complex domain (category) spend, identify cost reduction opportunities and develop recommendations to support business objectives.

Provide expert consultation for moderately complex new and renewal contracts, agreements, and leases. Determine appropriate stakeholders (i.e. legal, IRM and IT) to engage as necessary.

Execute moderately complex RFP(X) (i.e. requests for information, proposals and/or quotes) with pre-defined and/or new suppliers based on business unit requirements and funding in order to optimize the purchase of products and services.

Review contract pipeline report for assigned domain(s) and consult with Strategic Sourcing and the business unit to determine the next action on a supplier relationship. Partner with business unit and Finance to forecast for contract renewals.

Performs other duties as assigned.


Education: Undergraduate degree in business, finance or related field preferred.

Licenses/Certifications: N/A

Experience: Four to six years experience in all aspects of supply chain management including relationship management; or equivalent professional experience in other closely related industries.

Comprehensive knowledge of principles, practices, and procedures of supply chain management or other related industry.

In-depth knowledge of the legal environment as applicable to contracts negotiation required. In-depth understanding of the Enterprise structure and business objectives. Knowledge of enterprise technology standards and direction.

Skills/Competencies: Excellent verbal, and written communication skills and math skills required in order to negotiate with suppliers.

Ability to lead project teams towards a common objective. Ability to work independently with minimal supervision. Ability to influence with no authority.

Ability to solve problems in strategic sourcing. Ability to train others on basic to moderately complex policies, practices, and processes. Proficiency in common office software like Microsoft Word, Excel, and PowerPoint.

Values: Regularly and consistently demonstrates the Nationwide Values and Guiding Behaviors.

Staffing Exceptions to the above minimum job requirements must be approved by the: Staffing Exceptions to the above Minimum Job Requirements must be approved by the: SVP, IT CFO & Chief Purchasing Officer and Human Resources


Overtime Eligibility: Not eligible (Exempt).

Working Conditions: Normal office environment.

Extended periods of personal computer use and report/information verification. Occasional overtime and non-standard hours based on business and information needs.

ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.

Job Evaluation Activity: 02/2013 CB

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Procurement Specialist, Insurance And Financial Services