Strategic Sourcing Consultant [T500-20900]

About us :

We are a highly successful 190-year-old, Fortune 500 commercial property insurance company of 6,000+ employees with a unique focus on science and risk engineering. Businesses worldwide trust our expertise to protect their assets, relying on our comprehensive risk assessments and robust, engineering-based insurance solutions to safeguard against fire, natural disasters, and other perils. Serving over a quarter of the Fortune 500 and major corporations globally, we deliver data-driven strategies that enhance resilience, ensure business continuity, and empower organizations to thrive.

FM India is a strategic location for driving our global operational efficiency. Our presence in India allows us to leverage the country’s talented workforce and advance our capabilities to serve our clients better. We have diverse corporate functions that emphasize research, advanced technologies like AI and analytics, risk engineering, research, finance, marketing, HR, etc. working together to provide innovative solutions and nurture lasting relationships – from co-workers to clients.

Role Title : Strategic Sourcing Consultant

Position Summary :

This role is responsible for assisting with a portion of FM’s technology and business procurement and vendor management strategy and helps to execute on that strategy based on rapidly changing technology and business landscapes. This role focuses on the moderate complexity category; focuses on one category strategy; may get some assistance on strategy. The role will assist with the full breadth of procurement and vendor management functions through execution of moderately complex deals that have medium business and financial impact to the success of FM. The person in this role will be responsible to directly interface with both EVP and VP senior leaders to help provide sourcing strategy, focus areas / initiatives, and results. They'll also be responsible for helping, in collaboration with senior VMO leadership, to influence / steer strategic decisions that align with the vendor management vision and will result in the best outcome for FM.

Job Responsibilities :

End to End Procurement :

• Helps coordinate medium sized, moderately complex, with moderate financial impact projects to forward cross-enterprise and category strategies
• Works with senior procurement staff to research market intelligence regarding alternate suppliers; Collaborates with team to determine short list and selected vendor(s) in line with category strategy for medium complexity, medium risk deals.
• Manages self in procurement process with vendor and internal stakeholders for business critical new products and services and renewals based on medium complexity business requirements and / or medium-impact category strategy. Includes assisting in creation of RFI / RFP, vendor evaluation and selection, contract development, contract price and terms negotiation, conclusion of deal, and follow through on success of implementation / onboarding, etc.
• Leads all interaction on projects with Law & Government Affairs and Information Security, and Architecture / Infrastructure teams as applicable.
• Helps drive partnership with stakeholders to determine mitigation options for vendor risks, with influence of acceptance of risks and / or leading of change in vendor direction
• Manages full procurement life-cycle with vendors / partners in support medium complexity and impactful business areas / categories; Responsible for ensuring SLA’s are met and exceeded.

Strategy and Vendor Management :

Relationship Management :

Process :

Skill and Experience :

Must Have Skills :

Education and Certifications :

Work location : Bengaluru