Procurement Specialist

Company: State Farm
Location: Bloomington
Posted on: April 2, 2025

Job Description:

Location US-IL-Bloomington;US-GA-Dunwoody;US-TX-Richardson;US-AZ-TempeJob Category Corporate ServicesPosition Type Regular Full TimeReq ID 40843OverviewBeing good neighbors - helping people, investing in our communities, and making the world a better place - is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good!ResponsibilitiesAs a Procurement Specialist, your responsibilities include:

• Leads the development of vendor contractual agreements through close interactions with Corporate Counseling and Transactions (CC&T)
• Acts as a strategic business partner by developing and building relationships to understand their needs while providing outstanding customer service
• Applies the principles of supply management and conduct financial analysis in support of procurement decisions through sourcing events, vendor selection and contract negotiation
• Leads sourcing events and efforts involving vendors in a competitive environment
• Conducts vendor negotiations with varying levels of complexity including price, legal and business terms and other business area service level requirements
• Supports vendor risk processes in alignment with Third-Party Risk Management enterprise policy
• Utilizes research and experience to develop and maintain expertise in products and services related to assigned area
• Maintains awareness of relevant tax laws, industry issues (to include regulatory), data security risks and general business principles
• Effectively utilizes procurement technology
• Investigates and develops sources for products and services including diversity suppliers
• Performs coordination activities related to the procurement of products and servicesQualificationsWe Are Seeking Candidates With:
  • Experience managing third party contracts with detailed understanding of Terms and Conditions, Statements of Work/Work Orders, fee schedules, and SLAs
  • Track record of leading simultaneous, complex sourcing initiatives (RFP, RFI, RFQ), contract negotiations, and critical vendor relationship management experience
  • Proven results from using various negotiating techniques with ability to deliver favorable agreements that meet business requirements
  • Strong financial acumen, including ROI/cost savings calculations, and ability to analyze fee structures (volume-based pricing, time and materials, fixed price, etc.)
  • Excellent communication (oral and written) and interpersonal skills, with the ability to build relationships and influence external and internal stakeholders at multiple levels of an organization
  • Knowledge of procurement industry and market trends
  • Demonstrated learning agility and the desire for continuous growth
  • Ability to work independently and drive resolution on complex issues spanning multiple teams
  • Experience with procurement systems (Coupa, SAP, Oracle, etc.) and processes, including contract management and supplier relationship managementAdditional Items of Note:
    • May require irregular work hours
    • Work Location: Corporate office in Bloomington, IL or Hub office in Tempe, AZ , Dunwoody, GA, Richardson, TX
    • Work Arrangement: Hybrid with team collaboration of 5 in office days per month****Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity*****Our BenefitsBecause work-life-balance is a priority at State Farm, compensation is based on our standard 38:45-hour work week!
      • Potential starting salary range: $53,901.25 - $121,900.00
        • Starting salary will be based on skills, background, and experience
        • High end of the range limited to applicants with significant relevant experience
        • Potential yearly incentive pay up to 15% of base salaryAt State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!
          • Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
          • Stay Well! Focus on you and your family's health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
          • Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
          • Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
          • Take a Little "You" Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!
          • Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
          • Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.Visit our page for more information on our , , and the of joining the State Farm team!Please see job descriptionPI266807308

Keywords: State Farm, Bloomington , Procurement Specialist, Other , Bloomington, Illinois