What are the responsibilities and job description for the Vendor Analyst position at Alfa Insurance Corporate Careers?
Company Overview
Alfa Insurance® is an A-rated insurance carrier that offers an excellent array of auto, home, life, farm and business insurance products. Since its humble beginnings in 1946, Alfa and its affiliates now serve more than 1 million customers across 14 states.
Job Summary
As a Vendor Analyst, you will play a key role in optimizing the organization’s procurement operations. The Vendor Analyst will perform in‑depth analysis of current processes involved in Corporate Procurement and other areas as assigned to help streamline operations with a focus on contract management, spend analysis, and vendor risk assessments. In this role, you will evaluate vendor performance, identify opportunities for cost savings and operational efficiencies, and support the development of procurement best practices.
Responsibilities
Job Summary
As a Vendor Analyst, you will play a key role in optimizing the organization’s procurement operations. The Vendor Analyst will perform in‑depth analysis of current processes involved in Corporate Procurement and other areas as assigned to help streamline operations with a focus on contract management, spend analysis, and vendor risk assessments. In this role, you will evaluate vendor performance, identify opportunities for cost savings and operational efficiencies, and support the development of procurement best practices.
Responsibilities
- Review and determine course of action related to information provided by vendors and other departments within Alfa
- Analyze spend data and support sourcing activities within Corporate Procurement.
- Effectively communicate internally and externally to facilitate and support Corporate Procurement activities
- Perform contract quality assurance reviews to ensure vendor agreements align with approved templates, negotiated terms, internal standards, and governance requirements
- Validate contract data accuracy across systems (e.g., vendor records, contract repositories, risk tools, and procurement systems)
- Analyze contract terms, deviations, renewal provisions, pricing structures, and risk indicators to identify trends, gaps, and improvement opportunities
- Develop and maintain contract-related metrics, dashboards, and reporting (e.g., cycle time, deviation frequency, renewal exposure, compliance trends)
- Partner with Corporate Procurement, Legal, Risk, and business stakeholders to remediate contract deficiencies and support continuous process improvement
- Support contract lifecycle analytics, including renewals, expirations, amendments, and post-execution compliance monitoring
- Document process changes as approved by the Sourcing Manager or Chief Procurement Officer
Qualifications
- Bachelor’s degree required
- 1 year working in a corporate environment
- Excellent written and verbal communication skills.
- Independent thinker and self-starter
- Analytical, organizational, problem solving and decision-making skills
- Technical (Microsoft Outlook, Word, Excel, PowerPoint, Access), experience with cloud-based systems support is preferred.
- Technologically inclined as it pertains to learning to navigate and familiarity with new software
- Excellent time management skills
- Detail oriented
Benefits/Perks
- Opportunity for annual performance bonus
- Discounts on your auto insurance (underwriting approval required)
- Benefits include: Health, dental, supplemental cancer, vision insurance and 401(k) plan
- Paid Time Off Bank to include 3 days PTO available after first 80 hours worked for new hires
- Short-term and long-term disability
- Flexible Healthcare and Childcare spending accounts for tax savings
- Opportunities for advancement
- Continuous training and support throughout your career with Alfa
- College tuition discounts at various colleges in Alabama
- Fitness center
- Onsite cafeteria