Full-Time

Procurement Contract Specialist

Technology

Confirmed live in the last 24 hours

Guidewire

Guidewire

1,001-5,000 employees

Software platform for P&C insurance industry

No salary listed

Junior, Mid

Company Historically Provides H1B Sponsorship

Bengaluru, Karnataka, India

Onsite position in Bengaluru.

Category
Procurement & Sourcing
Operations & Logistics
Requirements
  • Manage, review, and negotiate a portfolio of assigned contracts with focus on software to deliver savings and mitigate contractual risk.
  • Assist with professional/consulting services and contingent labor contracts as needed.
  • Apply strategic sourcing best practices and category insights to negotiating and executing contracts.
  • Use standard contracting templates and language to ensure compliance to company standards.
  • Build and maintain relationships with a range of business requesters/stakeholders across functions and regions.
  • Provide input and execute to the category strategy and plans.
  • Identify and implement new opportunities for cost reduction, cost avoidance and supplier-driven value creation.
  • Manage assigned supplier relationships and risks.
  • Assist in conduct sourcing events (RFXs) to determine optimal suppliers and solutions with business stakeholders.
  • Support local and regional procurement requests while working closely with category managers and stakeholders globally.
  • Contribute to Procurement team projects and improvement initiatives.
Responsibilities
  • Manage, review, and negotiate a portfolio of assigned contracts with focus on software to deliver savings and mitigate contractual risk.
  • Assist with professional/consulting services and contingent labor contracts as needed.
  • Apply strategic sourcing best practices and category insights to negotiating and executing contracts.
  • Use standard contracting templates and language to ensure compliance to company standards.
  • Build and maintain relationships with a range of business requesters/stakeholders across functions and regions.
  • Provide input and execute to the category strategy and plans.
  • Identify and implement new opportunities for cost reduction, cost avoidance and supplier-driven value creation.
  • Manage assigned supplier relationships and risks.
  • Assist in conduct sourcing events (RFXs) to determine optimal suppliers and solutions with business stakeholders.
  • Support local and regional procurement requests while working closely with category managers and stakeholders globally.
  • Contribute to Procurement team projects and improvement initiatives.

Guidewire Software specializes in providing technology solutions for the Property and Casualty (P&C) insurance industry. Its main product is a software platform that helps P&C insurers streamline their workflows and improve customer experiences. The platform covers various aspects of insurance operations, including underwriting, policy administration, billing, and claims management. Clients subscribe to Guidewire's software as a service (SaaS), allowing them to access cloud-based solutions without the need for outright purchases. This subscription model creates a consistent revenue stream for the company. Guidewire stands out from competitors due to its extensive experience, having completed over 1,600 successful implementations, and its focus on integrating digital tools, analytics, and AI into its offerings. The company's goal is to assist P&C insurers in modernizing their systems and remaining competitive in a changing market.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

San Mateo, California

Founded

2001

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased adoption of AI-driven analytics enhances Guidewire's platform capabilities.
  • The trend towards cloud-based systems aligns with Guidewire's services, expanding market share.
  • Telematics and IoT expansion offers new data streams for Guidewire's analytics capabilities.

What critics are saying

  • Emerging insurtech startups pose a threat to Guidewire's market share.
  • Rapid AI advancements may require significant investment for Guidewire to keep up.
  • Economic uncertainties could lead to reduced IT spending by insurance companies.

What makes Guidewire unique

  • Guidewire specializes in P&C insurance technology, offering a comprehensive software platform.
  • The company provides cloud-based solutions, ensuring scalability and cost efficiency for insurers.
  • Guidewire's SaaS model ensures steady recurring revenue through subscription fees.

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Benefits

Financial: Receive market-competitive pay and incentive programs—because you deserve it! To help future-proof your income, we offer generous support through retirement savings plans.

Health & Wellness: Keep your physical and emotional health in tip-top shape with health insurance for you and your family, an employee assistance program, annual wellness reimbursement, and access to wellness resources.

Flexible Working: Work in an environment where you’ll have the freedom and trust to make an impact, with time for your life outside of work.

Downtime: Relax and kick back through our generous paid time-off programs. Make a difference in your community with three volunteer days each year. Take your own personal day of rest with My Day. We also offer ample paid leave for all new parents.

Continual Development: We encourage self-directed learning, giving you every chance to become a better version of yourself, both professionally and personally. At Guidewire, lifelong learning is here for the taking.

Career Mobility: Your career opportunities are only limited by your own imagination. Guidewire’s community is filled with chances to expand your horizons across any of our teams or worldwide locations.

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
MarketBeat
Mar 6th, 2025
Proficio Capital Partners LLC Invests $12.05 Million in Guidewire Software, Inc. (NYSE:GWRE)

Proficio Capital Partners LLC invests $12.05 Million in Guidewire Software, Inc. (NYSE:GWRE).

PR Newswire
Feb 4th, 2025
Markel Implements Guidewire Cloud To Modernize Claims And It Operations

Specialty insurer also planning to migrate Guidewire BillingCenter to the cloud; selects Guidewire ClaimCenter for its International Wholesale operationRICHMOND, Va. and SAN MATEO, Calif., Feb. 4, 2025 /PRNewswire/ -- Markel , the insurance operations within Markel Group Inc. (NYSE: MKL), and Guidewire (NYSE: GWRE) announced that Markel successfully migrated Guidewire ClaimCenter from an on-premise environment to Guidewire Cloud to power and simplify its claims and IT operations. The company implemented ClaimCenter on Guidewire Cloud for its specialty lines of business across its US operations. Guidewire PartnerConnect Consulting Global Strategic member PwC led the implementation project

HR Tech Wire
Jan 28th, 2025
Guidewire Appoints Jeff Sloan as Board Member

Guidewire appoints Jeff Sloan as board member.

Coverage
Jan 4th, 2025
Guidewire Reports Q1 2025 Results

Guidewire <i class="fa fa-info-circle company-popover" data-content="h3Guidewire/h3. div. table

Beinsure
Dec 27th, 2024
DvSum joined Guidewire's Insurtech Vanguards program

DvSum joined Guidewire's Insurtech Vanguards program.