Procurement Specialist - Military Veterans
at State Farm
Procurement Specialist
US-IL-Bloomington
Job ID: 2025-40373
Type: Regular Full Time
# of Openings: 1
Category: Corporate Services
Bloomington, IL
Overview
Being good neighbors – helping people, investing in our communities, and making the world a better place – is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good!
Responsibilities
As a Procurement Specialist, your responsibilities include:
- Leads the development of vendor contractual agreements through close interactions with Corporate Counseling and Transactions (CC&T)
- Acts as a strategic business partner by developing and building relationships to understand their needs while providing outstanding customer service
- Applies the principles of supply management and conduct financial analysis in support of procurement decisions through sourcing events, vendor selection and contract negotiation
- Leads sourcing events and efforts involving vendors in a competitive environment
- Conducts vendor negotiations with varying levels of complexity including price, legal and business terms and other business area service level requirements
- Supports vendor risk processes in alignment with Third-Party Risk Management enterprise policy
- Utilizes research and experience to develop and maintain expertise in products and services related to assigned area
- Maintains awareness of relevant tax laws, industry issues (to include regulatory), data security risks and general business principles
- Effectively utilizes procurement technology
- Investigates and develops sources for products and services including diversity suppliers
- Performs coordination activities related to the procurement of products and services
Qualifications
We Are Seeking Candidates With:
- Experience managing third party contracts with detailed understanding of Terms and Conditions, Statements of Work/Work Orders, fee schedules, and SLAs
- Track record of leading simultaneous, complex sourcing initiatives (RFP, RFI, RFQ), contract negotiations, and critical vendor relationship management experience
- Proven results from using various negotiating techniques with ability to deliver favorable agreements that meet business requirements
- Strong financial acumen, including ROI/cost savings calculations, and ability to analyze fee structures (volume-based pricing, time and materials, fixed price, etc.)
- Excellent communication (oral and written) and interpersonal skills, with the ability to build relationships and influence external and internal stakeholders at multiple levels of an organization
- Knowledge of procurement industry and market trends
- Demonstrated learning agility and the desire for continuous growth
- Ability to work independently and drive resolution on complex issues spanning multiple teams
- Experience with procurement systems (Coupa, SAP, Oracle, etc.) and processes, including contract management and supplier relationship management
Additional Items of Note:
- May require irregular work hours
- Work Location: Corporate office in Bloomington, IL or Hub office in Tempe, AZ , Dunwoody, GA, Richardson, TX
- Work Arrangement: Hybrid with team collaboration of 5 in office days per month
*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**
PI261433849
Tempe, AZ
Our Mission, Our Vision, Our Shared Values
State Farm's® mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams.
We are people who make it our business to be like a good neighbor; who built a premier company by selling and keeping promises through our marketing partnership; who bring diverse talents and experiences to our work of serving the State Farm customer.
Our success is built on a foundation of shared values -- quality service and relationships, mutual trust, integrity and financial strength.
Our vision for the future is to be the customer's first and best choice in the products and services we provide. We will continue to be the leader in the insurance industry and we will become a leader in the financial services arena. Our customers' needs will determine our path. Our values will guide us.