Hybrid Sourcing Analyst

at West Bend Insurance Company

• Job title: Sourcing Analyst
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: $77,204 - $108,087 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, West Bend, United States

About the role

• Sourcing Analyst supporting vendor management through negotiations and lifecycle activities for West Bend. Collaborating with stakeholders to ensure data-driven contract management aligning with enterprise goals.

Responsibilities

• Support and/or lead sourcing events, which may include RFIs, RFPs and competitive bid processes, in partnership with internal stakeholders.
• Conduct commercial, pricing, and spend analysis to support sourcing recommendations, contract negotiations, and vendor selection decisions.
• Draft, review, and negotiate contracts, amendments, and renewals in collaboration with Legal, Vendor Management and internal stakeholders.
• Support contract and vendor lifecycle governance activities, including onboarding, performance monitoring, issue resolution, and renewals.
• Maintain accurate vendor, contract, and sourcing documentation within contract management systems.
• Prepare analyses, summaries, and recommendations for leadership to support sourcing, vendor and contract-related decisions.
• Collaborate cross-functionally to ensure sourcing and contract activities align with enterprise policies, risk considerations and business objectives.
• Identify opportunities for process improvement, standardization, and enhanced data quality within sourcing and vendor management activities.

Requirements

• 3+ years of procurement, contract, sourcing, or vendor management experience.
• Knowledge of contract terms, conditions, and legal requirements and regulations.
• Demonstrated experience supporting or leading sourcing events, contract negotiations, or vendor selection processes.
• Strong analytical skills, including experience with spend analysis, pricing models, or financial evaluation of vendor proposals.
• Ability to translate data and analytics into clear recommendations for internal stakeholders and leadership.
• Experience working cross-functionally with Legal, Finance, Information Technology and internal stakeholders.
• Strong written and verbal communication skills.
• Ability to manage multiple priorities.
• High attention to detail and judgment.
• Approachable with strong listening skills.
• P & C Insurance or Technology category experience preferred.
• Bachelor’s degree, equivalent experience, or combination

Benefits

• Medical & Prescription Insurance
• Health Savings Account
• Dental Insurance
• Vision Insurance
• Short and Long Term Disability
• Flexible Spending Accounts
• Life and Accidental Death & Disability
• Accident and Critical Illness Insurance
• Employee Assistance Program
• 401(k) Plan with Company Match
• Pet Insurance
• Paid Time Off
• Standard first year PTO is 17 days, pro-rated based on month of hire.
• Enhance d PTO may be available for experienced candidates
• Bonus eligible based on performance