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Full-time Sourcing Specialist II

at Chubb in New Jersey

For nearly 130 years, the Chubb Group of Insurance Companies has been delivering exceptional property and casualty insurance products and services to businesses and individuals around the world.

Today, we are the 11th largest property and casualty insurer in the United States and have a worldwide network of some 120 offices in 27 countries staffed by 10,100 employees. The Chubb Corporation reported $50 billion in assets and $13 billion in revenues in 2010. According to Fortune magazine, Chubb is the 185th largest U.S.-based Corporation. Forbes listed Chubb as one of America’s 100 Most Trustworthy Companies.

We have emerged as a leader in the insurance industry not only on the basis of our size or our longevity. We consistently strive to build lasting relationships with our customers and 8,500 independent agents and brokers, and we aim to be the best at what we do by delivering unparalleled service and innovative, scalable and specialized products backed by financial strength and third-party endorsements.

Chubb is currently seeking a skilled Administrative Assistant to join our team in Warren, NJ

The Global Strategic Sourcing (GSS) team is responsible and accountable for vendor management and the contracting process at Chubb from vendor identification and selection to contract issuance and compliance management.

General Purpose of the Position:
This position is responsible for the sourcing and acquisition of complex and or high dollar domestic third party arrangements and works as a business unit liaison, the assigned primary point of contact for a business area. This position will also work with the business units to assist in optimizing the alignment between the business priorities and strategic sourcing opportunities.

Major Duties and Responsibilities:
• Responsible for facilitating the acquisition of domestic goods and services for one or more expense categories
• Acts as primary liaison between the assigned business area and the GSS department and assures alignment of business area needs and strategic sourcing opportunities
• Manage workflow and demand for their business unit
• Responsible for communicating Global Strategic Sourcing’s policies and procedures
• Responsible for developing and leading cross functional project teams through sourcing of identified sourcing initiatives in their expense category(ies)
• Develops and maintains a portfolio of "best in class" suppliers and assesses supplier market for assigned category(ies)
• Identifies sourcing and other savings opportunities within their expense category(ies)
• Manages the competitive bidding process for identified opportunities
• Defines negotiation strategy and leads/conducts negotiations through entire sourcing process
• Works with Analytics and Compliance in developing, monitoring, tracking and reporting supplier performance and sourcing savings for their category(ies) of spend
• Works with Outsourcing Supplier Managers in sourcing strategic opportunities within the DSS’ owned category(ies) where an outsourced supplier arrangement is involved
• Works Supplier Contract Negotiations from contracting drafting through the process of contract execution, including Statement of Work and Service Level Agreements.
• Makes supplier stratification recommendations

Required Skills and Experiences:

- A minimum of a BA/BS Degree
- Must have a minimum of 5-7 years of experinence in strategic sourcing
- Must have a minimum of 5-7 years of experience in contract management
- Must have strong organizational skills
- Must be detail and multi-task oriented
- Excellent verbal and written communication skills
- Must demonstrate self-initiative
- Experience with contract law or administration
- Must have strong project management, consulting and negotiation skills
- Strong financial analysis skills
- Skilled in workflow management
- Must have strong understanding of the business units’ needs
- Strong category specific expertise preferred
- Must be proficient in standard technologies (Word, PowerPoint, Excel, Access, internet, etc.)

Chubb prides itself on the ability to provide all employees with an extraordinary work environment which promotes teamwork, diversity and incentives for those who exceed expectations. Chubb has been recognized as one of the top 50 companies for diversity by Diversity Inc. magazine, one of America’s most admired companies by Forbes, and one of the top 100 companies to work for by Fortune.

Chubb's compensation and benefit plans work together to create a Total Rewards Program for our employees that is among the best in our industry. As a global organization, we work hard to achieve our goal of providing flexible and competitive compensation and benefits packages in each local market in which we operate. Our goal is to exceed average market practices for our performers. For more information about Chubb and our benefits, visit our website at

All interested applicants must apply online at Reference Requisition number 10573.

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Published on Jun 19, 2012
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