Procurement Representative

Position Summary

The Procurement Representative is responsible for reviewing contracts with suppliers, ensuring alignment with company policies, legal requirements, and industry regulations. The role conducts cost analysis and collaborates with vendors and Accounts Payable on Purchase Orders and Invoices. They assist internal stakeholders with submitting and approving requests within our Workday ERP system.

What will your job entail?

Job Responsibilities:

• Drafts, reviews, and manages contracts with suppliers, ensuring alignment with company policies, legal requirements, and industry regulations.
• Collaborates with vendors, negotiates contracts, and maintains positive relationships to secure favorable terms and conditions for the procurement of goods and services.
• Partners with finance teams to align procurement activities with budgetary constraints, ensuring financial goals are met while maintaining cost-effectiveness.
• Conducts cost analysis to optimize spending, negotiate pricing, and seeks cost-saving opportunities.
• Ensures that procurement activities align with specific regulations and standards within the insurance industry. Ensures ethical sourcing practices, promoting sustainability and social responsibility in procurement decisions.
• Communicates procurement updates to internal teams and generates reports on procurement activities for management review.
• Identifies opportunities for process enhancement within the procurement function, implementing best practices to increase efficiency and effectiveness.
• Provides training sessions to internal teams on procurement policies and procedures.
• Performs other duties as assigned

Work Experience And Education:

• Bachelor’s degree required: Business Administration, Finance, Supply Chain preferred. Any other related discipline or commensurate work experience considered. 
• 1 year of experience in Procurement, Purchasing, Accounts Payable or related field is preferred.
• Experience with using an ERP system (such as Workday, SAP, Oracle etc.)
• Proficient in Microsoft Outlook, Work and Excel
• Excellent customer service and communication skills
• Meticulous attention to detail and accuracy
• Exceptional organizational and time-management skills

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

How We Support Our Teammates

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target hourly rate range for this position is - per hour.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/. 

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at HR@Ryansg.com 

The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.