Commodity Manager

By joining Sedgwick , you'll be part of something truly meaningful. It’s what our 33,000 colleagues do every day for people around the world who are facing the unexpected. We invite you to grow your career with us, experience our caring culture, and enjoy work-life balance. Here, there’s no limit to what you can achieve. Newsweek Recognizes Sedgwick as America’s Greatest Workplaces National Top Companies Certified as a Great Place to Work® Fortune Best Workplaces in Financial Services & Insurance Commodity Manager PRIMARY PURPOSE : The Commodity Manager serves as a sourcing expert in a particular class of goods or service. This position creates/maintains supplier relationships, negotiates all pricing structures and contracts and ensures pricing and delivery meets contract guidelines. ESSENTIAL FUNCTIONS and RESPONSIBILITIES - Drives vendor selection strategy, contracts management, and continues monitoring to optimize collaboration and mitigate risks - Writes, launches, manages and successfully closes RFPs for all new suppliers or services. - Reviews and consolidates existing suppliers in an assigned commodity, ensuring unused suppliers are deactivated, redundancies are removed and looks for opportunities to consolidate suppliers providing the same goods or services. - Ensures all supplier contracts are uploaded to the database with key terms captured for reporting - Leads, negotiates and contracts all new and renewal supplier agreements. Tracks all contract negotiations and saves generated contracts in assigned database. - Serves as an internal and external escalation point for all supplier questions and issues. - Measures supplier and vendor performance against agreed on cost savings and cost avoidance targets. - Monitors, tracks and reacts to critical market forecasts and condition changes. - Conducts category spend analyses and reporting, supplier stratification, supply market and category industry research. - Builds and manages relationships with priority business executives, serves as a key member to support implementation of business strategies through advanced procurement initiatives and team alignment, - Facilitates the entire sourcing process and closely collaborate with clients to select and award business to suppliers. Demonstrates a strategic business mindset, organizational savvy, presents an executive-level presence, and balances multiple stakeholder interests simultaneously. - Stays abreast of industry news, market trends, and regulatory changes that could affect commodity prices. ADDITIONAL FUNCTIONS and RESPONSIBILITIES - Performs other duties as assigned. - Supports the organization’s quality program(s). - Travels as required. QUALIFICATIONS Education & Licensing Bachelor’s degree in Business, Supply Chain, or Finance from an accredited college or university preferred. Related certifications such as IIBA, and /or CPM, CIPS or CPSM preferred. Experience Eight (8) years of related experience or equivalent combination of education and experience required. Experience with P2P platforms and Power BI preferred. Skills & Knowledge - Excellent oral and written communication skills with the ability to present complex topics in a concise manner with audiences at various levels - PC literate, including Microsoft Office products, with a strong basis in Excel and PowerPoint - Strong analytical, interpretive and storytelling skills with data - Strong organizational and time management skills - Excellent interpersonal skills - Excellent negotiating skills - Ability to create and complete comprehensive, accurate and constructive written reports - Ability to work in a team environment - Ability to meet or exceed Performance Competencies - Self-confident with an ability to accept and respond to challenges in a positive manner WORK ENVIRONMENT When applicable and appropriate, consideration will be given to reasonable accommodations. Mental : Clear and conceptual thinking ability; exc