Director of Claims Procurement

Company Details

"Our Company provides a state of predictability which allows brokers and agents to act with confidence."Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.Along the way, we’ve been listed on the New York Stock Exchange, become a Fortune 500 Company, joined the S&P 500, and seen our gross written premiums exceed $10 billion.Today the Berkley brand comprises more than 50 businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess. Led by our Executive Chairman, founder and largest shareholder, William. R. Berkley and our President and Chief Executive Officer, W. Robert Berkley, Jr., W.R. Berkley Corporation is well-positioned to respond to opportunities for future growth.

Responsibilities

The Director of Claims Procurement is responsible for the overall supplier procurement strategy related to Claims services procured from a third party. This position will report to the VP of Procurement in the Global Procurement Organization. The Claims category consists of Auto, Property, Workers’ Compensation, and Medical Services.

 

• Own the development and execution of the Procurement strategy for assigned spend categories.• Analyze spend trends, supplier markets and recommend savings opportunities.• Assist Operating Units to develop a listing of preferred suppliers.• Create and maintain scorecards and metrics for assigned categories.• Create and manage complex sourcing events for products and services.• Draft, negotiate and review contracts and supplier agreements.• Interface with Operating Units and stakeholders to understand unique requirements and opportunities to better tailor current processes to end users’ needs.• Manage and cultivate relationships with suppliers as well as internal stakeholders.

Qualifications

Experience• 10 years recent experience within a Procurement function in a large or medium sized company managing Claims related spend areas.• Prior Claims experience a plus.• Experience in Claims spend including detailed knowledge of advanced procurement methods and techniques.• Able to manage and deliver individual workload in addition to providing guidance and coaching other team members.• Experience executing contracts in a Financial Services company and a regulated environment having worked with stakeholders including Third Party Risk Management, Information Security, Finance and Business Resilience in addition to Legal. • Demonstrated competencies in the Strategic Procurement process.• Proficient in building and delivering business cases, presentations, and managerial reports to senior management.• Experience with supplier market research and data analysis.• Experience with P2P systems and contract management tools.

 

Additional skills• Ability to work in a flexible environment, an independent thinker, relationship focused, customer focused and able to navigate in an empowered and entrepreneurial culture.• Excellent analytical, quantitative, and problem-solving skills.• Proactive, flexible team player capable of forming strong relationships throughout the organization while leveraging resources, processes, and tools to achieve desired outcomes.• Proven ability to manage change and work across boundaries with personal commitment and drive.• Excellent verbal and written communication skills- active listening, clarity, and empathy.• Ability to prioritize with strong time and project management skills to successfully manage several sourcing initiatives simultaneously with multiple stakeholders.

 

Education Requirement

 

• Bachelor’s degree in Procurement, Finance, Business Management, IT, HR or equivalent• Advanced degree a plus

Additional Company Details

For Greenwich, CT based employees, must have received COVID-19 vaccination* defined as receiving either (1) two doses of a two-dose vaccine, or (2) a single-dose vaccine, either authorized for emergency use or approved by the U.S. Food and Drug Administration, and a COVID vaccine booster*unless prohibited by law.