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Procurement Consultant - Hartford Connecticut
Company: MassMutual
Location: Hartford, Connecticut
Posted On: 05/03/2025
Procurement Consultant -Full-TimeBoston, MA or Springfield, MAThe OpportunityAt MassMutual, we're passionate about helping millions of people find financial freedom and this passion has driven our approach to developing highly interactive digital experiences for our customers. As a Procurement Consultant, you will be responsible for managing supplier relationships, negotiating deals, facilitating sourcing events, and providing directed and independent analytical support for the assigned categories. -To help us achieve our mission, we are hiring a Procurement Consultant to join our team.The TeamOur ideal Procurement Consultant candidate will serve as a procurement subject matter expert for your category, partnering across the business and with other procurement functional areas including responsible sourcing, and procurement operations. - A strong mix of analytic, strategic negotiation, creativity, strategic vision, and communication skills will ensure your success in this role.The ImpactThis role focuses on being a subject matter expert (SME) to assigned business groups. - The Procurement Consultant partners with business leaders/internal procurement group to meet expectations to make sure that all purchases are smart, timely, -cost-effective, and aligned with MassMutual Procurement policies. - - Drive key sourcing events and negotiations, leveraging the full suite of sourcing capabilities and market analysis
- Responsible for managing and negotiating deals for select supplier relationships in the organization
- Coordinate with Procurement, Contracting, Spend Analytics, Risk, Responsible Sourcing, Accounts Payable, Enterprise Risk Management, Enterprise Technology etc. to ensure an effective sourcing process and end-to-end supplier management approach
- Champion third party risk management process compliance
- Partner with Procurement to develop and execute supplier negotiations strategies to achieve the best value and least risk for MassMutual
- Collaborate with cross-functional teams to ensure key contracting elements, including service level agreement components and evaluation process are aligned and included in the draft contract before passing to Legal for review
- Lead supplier onboarding and offboarding activities, including, but not limited to, coordinating supplier training, granting system access and ensuring that the supplier is familiar with their main contacts within MassMutual
- Determine and lead appropriate supplier specific ongoing monitoring plan (operational business review meetings, executive oversight meetings, issue management reviews, performance monitoring, contract management reviews, risk management reviews etc.)The Minimum Qualifications
- 3+ years procurement, sourcing and negotiation experienceThe Ideal Qualifications
- B.S. in business or related fields
- Experience in financial or insurance industry desirable
- Experience in working complex sourcing projects
- Experience creating and leading RFI/RFX sourcing activities to realign suppliers in the category
- Possesses a strong understanding and prior working experience in supplier management activities including performance management (SLAs, KPIs etc.), relationship management, contracting and risk management
- Seasoned individual capable of handling broad-scope projects with short to medium term focus independently
- Team player who collaborates with business units and functional partners (i.e., IT, finance, HR, legal)
- Extensive experience in negotiating agreements and managing complex vendor / client relationships and being creative to structure win-win outcome while optimizing value for MassMutual
- Strong influencing skills to encourage leaders from across MassMutual towards positive supplier relationships and results delivery
- Courage to influence across the organization for compliance with standards and escalate noncompliance when needed
- Demonstrated verbal and written communication, change management capabilities, business acumen, project management and leadership skills
- Ability to lead through transition; Communicate the vision for the future and provide motivation for people to change; Address questions and resistance to change with confidence and an understanding of what is needed for buy-inWhat to Expect as Part of MassMutual and the Team
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