What are the responsibilities and job description for the Strategic Sourcing & Procurement Specialist position at AAA Life Insurance Company?
Overview
Why AAA Life
AAA Life is a respected and trusted American brand that has been focusing on Life Insurance and Annuity Products since 1969. At AAA Life we have over 1.8 million policies where we take pride in earning the trust of our policyholders who understand our promise to be there for them – and their families – when we’re needed most. By joining the AAA Life team, you are joining a company that genuinely cares about helping each other, with a devotion to protect the lives of those around us. We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of belonging and use their unique talents and perspective to influence, innovate, motivate, and thrive.
How You’ll Work
Work Solution: Remote
Responsibilities
What You’ll Do
The Sourcing Specialist will support the development and execution of the organization’s procurement and sourcing activities as part of the establishment of a procurement function. This role will partner closely with business units to lead sourcing initiatives, manage contract renewals, support vendor selection, and help implement procurement best practices across the organization.
Key Responsibilities
Basic Qualifications
This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements. Reasonable accommodation will be made for otherwise qualified applicants as needed to enable them to fulfill these requirements.
We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.
AAA Life Insurance Company does not offer immigration sponsorship for this position. This includes visa types such as H-1B, TN, and STEM OPT. Please do not apply if you currently require or may require employer-sponsored immigration support now or in the future.
Why AAA Life
AAA Life is a respected and trusted American brand that has been focusing on Life Insurance and Annuity Products since 1969. At AAA Life we have over 1.8 million policies where we take pride in earning the trust of our policyholders who understand our promise to be there for them – and their families – when we’re needed most. By joining the AAA Life team, you are joining a company that genuinely cares about helping each other, with a devotion to protect the lives of those around us. We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of belonging and use their unique talents and perspective to influence, innovate, motivate, and thrive.
How You’ll Work
Work Solution: Remote
Responsibilities
What You’ll Do
The Sourcing Specialist will support the development and execution of the organization’s procurement and sourcing activities as part of the establishment of a procurement function. This role will partner closely with business units to lead sourcing initiatives, manage contract renewals, support vendor selection, and help implement procurement best practices across the organization.
Key Responsibilities
- Proactively identify contracts approaching renewal and partner with business units to determine sourcing strategies.
- Lead sourcing initiatives, including managing RFx processes, evaluating vendor proposals, supporting vendor selection, and negotiating renewals and new agreements to drive cost savings and improved terms.
- Review contracts to ensure pricing, terms, and conditions are competitive and aligned with business needs.
- Serve as a key procurement partner to business units throughout sourcing, contracting, and vendor management activities, coordinating with Legal, Procurement, Finance, and other stakeholders to facilitate reviews and resolve issues.
- Ensure sourcing and renewal activities comply with procurement policies, standards, and governance requirements.
- Work closely with the Procurement Analyst to leverage reporting on contracts, spend, vendor performance, and vendor risk to prioritize sourcing opportunities and renewal activities.
- Support development and adoption of consistent procurement processes and best practices, while identifying process improvement opportunities and helping implement operational enhancements as the procurement function evolves.
- Ability to manage multiple priorities and independently drive work to completion in a fast-paced environment
- Strong analytical, organizational, communication and problem-solving skills
- Strong partnership and relationship management skills with the ability to work effectively across business units
Basic Qualifications
- Bachelor’s degree in Business, Finance, Supply Chain, or related
- 3-5 years of experience in procurement, strategic sourcing, or vendor management
- Experience supporting sourcing events, contract negotiations, renewals, and vendor evaluations
- Demonstrated ability to proactively engage stakeholders and identify opportunities to drive cost savings and operational efficiencies
- Experience with procurement systems, contract management tools and reporting tools preferred
This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements. Reasonable accommodation will be made for otherwise qualified applicants as needed to enable them to fulfill these requirements.
We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.
AAA Life Insurance Company does not offer immigration sponsorship for this position. This includes visa types such as H-1B, TN, and STEM OPT. Please do not apply if you currently require or may require employer-sponsored immigration support now or in the future.