Procurement Specialist - IT Commodity at Balchem

Procurement Specialist - IT CommodityUS-IL-BloomingtonJob ID: 2024-37901Type: Regular Full Time# of Openings: 5Category: Corporate ServicesBloomington, ILOverviewWe are not just offering a job but a meaningful career! Come join our passionate team!As a Fortune 50 company, we hire the best employees to serve our customers, making us a leader in the insurance and financial services industry. State Farm embraces diversity and inclusion to ensure a workforce that is engaged, builds on the strengths and talents of all associates, and creates a Good Neighbor culture.We offer competitive benefits and pay with the potential for an annual financial award based on both individual and enterprise performance. Our employees have an opportunity to participate in volunteer events within the community and engage in a learning culture. We offer programs to assist with tuition reimbursement, professional designations, employee development, wellness initiatives, and more!Visit our Careers page for more information on our , and of joining the State Farm team!ResponsibilitiesAs a Procurement Specialist, your responsibilities include:

• Leads the development of vendor contractual agreements through close interactions with business areas and Corporate Legal
• Develops and maintains effective relationships through understanding of business partners' needs while providing outstanding customer service
• Applies the principles of supply management and conducts financial analysis in support of procurement decisions
• Conducts vendor negotiations with varying levels of complexity including price, legal and business terms and other business area service level requirements
• Applies vendor risk processes in alignment with Vendor Risk Management enterprise policy
• Utilizes research and experience to develop and maintain expertise in products and services related to assigned area
• Maintains awareness of industry issues (including regulatory), data security risks, and general business principles
• Investigates and develops sources for products and services including diverse suppliers
• Performs coordination activities related to the procurement of products and servicesQualificationsWe Are Seeking Candidates With:
  • Recent experience in strategic sourcing, procurement, or vendor management with a focus on software and SaaS commodities.
  • Strong understanding of software trends, industry-specific terminology, and a proven track record of leading complex sourcing initiatives, contract negotiations, and/or critical vendor relationship management experience
  • Ability to effectively manage complex, strategic contract negotiations with significant risk components and high annual dollar value and impact to the organization
  • Procurement or Purchasing experience or equivalent education
  • Negotiation experience
  • Demonstrated learning agility and the desire for continuous growth inside and outside of current role
  • Ability and desire to drive results
  • Ability to quickly learn procure to pay software application and contract software application
  • Ability to work independently and drive resolution on complex issues spanning multiple teams
  • Strong oral and written communication skillsAdditional Skills:
    • Working with or familiarity with some aspect of vendor contracts. Master agreements, Work Orders, Service Level Agreements (SLA)/Key Performance Indicators (KPI) development, governance, etc.
    • Negotiation experience - contract negotiations preferred, however also consider other negotiation experiences as well. (Claims, Subrogation, sales, etc.)
    • Experience with competitive bid process such as Request For Information (RFI)/Purchase (P) or similar
    • Supply chain experience with a focus on inventory management
    • Experience in a similarly related area of the company such as External Sourcing, Law Department, etcAdditional Items of Note:
      • This role focuses on the purchase of products and services related to print needs for the entire Enterprise
      • May require changing shifts and irregular work hours
      • Work Location: Corporate office in Bloomington, IL or Hub office in Tempe, AZ and Dunwoody, GA
      • Work Arrangement: Hybrid with team collaboration of 5 in office days per month
      • Relocation Benefits: Does not apply****Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity*****Please see job descriptionPI249295017