Senior Procurement Lead - Convent Station, United States - Crum and Forster

Description

Senior Procurement Lead - Morristown, NJ/Hybrid or Remote

Job Locations

US-NJ-MORRISTOWN | US-NJ-Remote

Job ID

Category

Procurement

Type

Regular

Division

Corporate Finance

Crum & Forster Company Overview

Crum & Forster (C&F)

, with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. C&F enjoys a financial strength rating of "A" (Excellent) by AM Best and is proud of our superior customer service platform. Our claims and risk engineering services are recognized as among the best in the industry.
Our most valuable asset is our people: more than 2000 employees in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning several workplace and wellness awards, including the

October 2023 Great Place to Work Award

for our employee-first focus and our steadfast commitment to diversity, equity and Inclusion.
C&F is part of Fairfax Financial Holdings, a global, billion dollar organization.

For more information about Crum & Forster, please visit our website:

Job Description

The Senior Procurement Lead will be primarily responsible for negotiating and completing the entire contract lifecycle. This role involves drafting, negotiating, and managing contracts with suppliers to ensure favorable terms, compliance, and risk mitigation.

The Senior Procurement Lead Specialist collaborates with various stakeholders, including legal, and cyber teams, as well as the multiple insurance lines we assist to establish and maintain effective contractual relationships.

What you will do:

Contract Development and Drafting:
Develop and draft contracts, agreements, and amendments in collaboration with legal and relevant stakeholders.
Ensure contracts align with organizational policies, legal requirements, and industry standards.
Clearly articulate terms, conditions, deliverables, and performance metrics in contracts.

Contract Negotiation:
Negotiate contract terms, pricing, and conditions with suppliers to achieve favorable and mutually beneficial agreements.
Collaborate with insurance lines and other relevant departments to understand business needs and objectives during negotiations.

Contract Management:
Maintain a centralized contract management system to track and monitor contract statuses, expirations, and renewals.
Manage and administer existing contracts, ensuring compliance with terms and conditions.
Work with suppliers to address issues, amendments, and modifications as needed.

Risk Assessment and Mitigation:
Conduct thorough risk assessments for each contract, identifying potential risks and proposing mitigation strategies.
Collaborate with legal ensure that contracts align with the organization's risk tolerance and compliance standards.

Stakeholder Collaboration:
Collaborate with various internal stakeholders, including cyber, legal, finance, and project management teams.
Work closely with vendors to build and maintain positive relationships, ensuring alignment with organizational goals.

What you will bring to C&F:
Bachelor's degree in Business, Law, Procurement, or a related field (Master's degree preferred).
Proven experience in contract management, negotiation, and administration.
In-depth knowledge of contract law, procurement regulations, and industry best practices.
Strong analytical, communication, and interpersonal skills.
Proficiency in contract management software and Microsoft Office Suite.

What C&F will bring to you

Competitive compensation package
Generous 401K employer match
Employee Stock Purchase plan with employer matching
Generous Paid Time Off
Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family's wellness including your physical, mental and financial wellbeing
A core C&F tenant is owning your career development so we provide a wealth of ways for you to keep learning, including tuition reimbursement, industry related certifications and professional training to keep you progressing on your chosen path
A dynamic, ambitious, fun and exciting work environment
We believe you do well by doing good and want to encourage a spirit of social and community responsibility, matching donation program, volunteer opportunities, and an employee driven corporate giving program that lets you participate and support your community
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#LI-HYBRID

At C&F you will BELONG
We value inclusivity and diversity.

We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.

If you require a special accommodation, please let us know.

Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws.

Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions.

The annualized base pay for the advertised position, located in the specified area, ranges from a minimum of $75,200.00 to a maximum of $125, The actual compensation is determined by various factors, including but not limited to the market pay for the jobs at each level, the responsibilities and skills required for each job, and the employee's contribution (performance) in that role.

To be considered within market range, a salary is at or above the minimum of the range. You may also have the opportunity to participate in discretionary equity (stock) based compensation and/or performance-based variable pay programs.

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