Procurement Consultant

Massachusetts Mutual Life Insurance Co. is seeking a full-time Procurement Consultant in Springfield or Boston, MA. The role involves managing supplier relationships, negotiating deals, and providing analytical support. Ideal candidates will have over 3 years of procurement experience and strong negotiation skills. Responsibilities include driving sourcing events, ensuring compliance with procurement policies, and collaborating with cross-functional teams for effective supplier management.
Procurement Consultant

Full-Time

Boston, MA or Springfield, MA

The Opportunity

At MassMutual, we're passionate about helping millions of people find financial freedom and this passion has driven our approach to developing highly interactive digital experiences for our customers. As a Procurement Consultant, you will be responsible for managing supplier relationships, negotiating deals, facilitating sourcing events, and providing directed and independent analytical support for the assigned categories.

To help us achieve our mission, we are hiring a Procurement Consultant to join our team.

The Team

Our ideal Procurement Consultant candidate will serve as a procurement subject matter expert for your category, partnering across the business and with other procurement functional areas including responsible sourcing, and procurement operations. A strong mix of analytic, strategic negotiation, creativity, strategic vision, and communication skills will ensure your success in this role.

The Impact

This role focuses on being a subject matter expert (SME) to assigned business groups. The Procurement Consultant partners with business leaders/internal procurement group to meet expectations to make sure that all purchases are smart, timely,cost-effective, and aligned with MassMutual Procurement policies.
• Drive key sourcing events and negotiations, leveraging the full suite of sourcing capabilities and market analysis
• Responsible for managing and negotiating deals for select supplier relationships in the organization
• Coordinate with Procurement, Contracting, Spend Analytics, Risk, Responsible Sourcing, Accounts Payable, Enterprise Risk Management, Enterprise Technology etc. to ensure an effective sourcing process and end-to-end supplier management approach
• Champion third party risk management process compliance
• Partner with Procurement to develop and execute supplier negotiations strategies to achieve the best value and least risk for MassMutual
• Collaborate with cross-functional teams to ensure key contracting elements, including service level agreement components and evaluation process are aligned and included in the draft contract before passing to Legal for review
• Lead supplier onboarding and offboarding activities, including, but not limited to, coordinating supplier training, granting system access and ensuring that the supplier is familiar with their main contacts within MassMutual
• Determine and lead appropriate supplier specific ongoing monitoring plan (operational business review meetings, executive oversight meetings, issue management reviews, performance monitoring, contract management reviews, risk management reviews etc.)

The Minimum Qualifications
• 3+ years procurement, sourcing and negotiation experience

The Ideal Qualifications
• B.S. in business or related fields
• Experience in financial or insurance industry desirable
• Experience in working complex sourcing projects
• Experience creating and leading RFI/RFX sourcing activities to realign suppliers in the category
• Possesses a strong understanding and prior working experience in supplier management activities including performance management (SLAs, KPIs etc.), relationship management, contracting and risk management
• Seasoned individual capable of handling broad-scope projects with short to medium term focus independently
• Team player who collaborates with business units and functional partners (i.e., IT, finance, HR, legal)
• Extensive experience in negotiating agreements and managing complex vendor / client relationships and being creative to structure win-win outcome while optimizing value for MassMutual
• Strong influencing skills to encourage leaders from across MassMutual towards positive supplier relationships and results delivery
• Courage to influence across the organization for compliance with standards and escalate noncompliance when needed
• Demonstrated verbal and written communication, change management capabilities, business acumen, project management and leadership skills
• Ability to lead through transition; Communicate the vision for the future and provide motivation for people to change; Address questions and resistance to change with confidence and an understanding of what is needed for buy-in

What to Expect as Part of MassMutual and the Team
• Regular meetings with the Procurement Team
• Focused one-on-one meetings with your manager
• Access to mentorship opportunities
• Networking opportunities participation in Employee Resource Groups
• Access to learning content on Degreed and other informational platforms
• Access to industry leading pay and benefits

#LI-MM1

Salary Range:
$86,200.00-$113,100.00

At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees.Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

Why Join Us.

We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, pleasecontact usand share the specifics of the assistance you need.

At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.