Conduct strategic sourcing analysis, develop procurement strategies, identify suppliers, negotiate contracts, manage supplier performance, and deliver cost savings for insurance clients. The role involves client engagement, cross-functional collaboration, compliance monitoring, reporting, and presenting sourcing recommendations while managing multiple projects.
As a Sourcing Consultant, you will be a key member of our SGU_F&A Ops_FRAC Consulting team, driving strategic sourcing initiatives and delivering exceptional results for our insurance clients. Your expertise will be instrumental in optimizing our clients' operations and transforming their businesses.
Responsibilities
- 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.
Similar Jobs
Retail
Source genuine full‑size fragrance through international parallel/gray‑market channels: identify and vet wholesalers/exporters, negotiate terms, verify authenticity and import documentation, manage sampling, quality checks, purchase orders and logistics, maintain supplier scorecards, and monitor legal/trademark risks alongside Quality and Legal.
Artificial Intelligence • Information Technology • Professional Services • Consulting
Lead design, configuration, testing, and deployment of SAP S/4HANA Cloud Procurement (MM) solutions. Conduct Fit-to-Standard workshops, support data migration, testing (unit, integration, UAT), cutover and go-live, and provide post-go-live hypercare. Collaborate with cross-functional teams to ensure Source-to-Pay/Procure-to-Pay integration and drive procurement process improvements.
Top Skills:
Data MigrationEmbedded AnalyticsSap ActivateSap Analytics CloudSap AribaSap Business NetworkSap Central ProcurementSap FioriSap MmSap S/4Hana Cloud
Information Technology • Consulting
Support the Vendor Governance and Sourcing team in managing vendor relationships, conducting analysis, delivering presentations, and developing project plans while collaborating with cross-functional teams.
Top Skills:
ExcelMicrosoft PowerpointMicrosoft Word
What you need to know about the Los Angeles Tech Scene
Los Angeles is a global leader in entertainment, so it’s no surprise that many of the biggest players in streaming, digital media and game development call the city home. But the city boasts plenty of non-entertainment innovation as well, with tech companies spanning verticals like AI, fintech, e-commerce and biotech. With major universities like Caltech, UCLA, USC and the nearby UC Irvine, the city has a steady supply of top-flight tech and engineering talent — not counting the graduates flocking to Los Angeles from across the world to enjoy its beaches, culture and year-round temperate climate.
Key Facts About Los Angeles Tech
- Number of Tech Workers: 375,800; 5.5% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: Snap, Netflix, SpaceX, Disney, Google
- Key Industries: Artificial intelligence, adtech, media, software, game development
- Funding Landscape: $11.6 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Strong Ventures, Fifth Wall, Upfront Ventures, Mucker Capital, Kittyhawk Ventures
- Research Centers and Universities: California Institute of Technology, UCLA, University of Southern California, UC Irvine, Pepperdine, California Institute for Immunology and Immunotherapy, Center for Quantum Science and Engineering
