Full-Time

Director of Strategic Sourcing and Purchasing

Updated on 8/9/2026

Brown & Brown Insurance

Brown & Brown Insurance

5,001-10,000 employees

Provides risk management and insurance solutions

No salary listed

Daytona Beach, FL, USA

In Person

On-site role in Daytona Beach; no remote work option stated.

Bachelor's

Category
Operations & Logistics (1)

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Requirements
  • Bachelor’s degree in Business, Supply Chain, Finance, or related field; procurement certification (e.g., CIPS, CPSM) is a plus.
  • 10+ years of procurement or strategic sourcing experience, preferably in professional services or financial/insurance services.
  • Strong knowledge of vendor management best practices and procurement technology tools.
  • Strong understanding of insurance operations, compliance, and vendor risk management frameworks.
  • Familiarity with regulatory environments impacting insurance (e.g., GDPR, SOC2, FINRA/SEC guidelines).
  • Ability to work cross-functionally and manage multiple priorities in a fast-paced setting.
  • Proven track record of delivering measurable cost savings and procurement improvements.
  • The ability to influence change and continuous improvement in keeping up with a constantly growing and changing environment.
Responsibilities
  • Define and implement an enterprise-wide procurement strategy aligned with organizational goals, risk appetite, and compliance requirements.
  • Building a team across the organization utilizing both current teammates and direct hires as needed. This teammate will also be responsible for relationships with professional consultants in the building of the procurement function.
  • Lead strategic sourcing initiatives for key vendor categories such as IT systems, CRM platforms, marketing agencies, compliance services, office supplies, and facilities.
  • Evaluate and manage procurement tools and platforms (e.g., contract management systems, e-sourcing tools, ERP integrations) to improve efficiency and visibility.
  • Manage the end-to-end procurement process, including RFIs, RFPs, contract negotiations, and performance monitoring. Track and report on procurement KPIs, cost savings, and supplier performance metrics.
  • Partner closely with Finance, IT, Legal, Compliance, Claims, Underwriting, and business unit leaders to understand procurement needs and drive alignment across the organization.
  • Ensure vendor compliance with industry regulations (e.g., data privacy, cybersecurity, financial conduct).
  • Establish and maintain a preferred supplier list and manage vendor onboarding and risk assessments.
  • Support contract lifecycle management, ensuring legal and regulatory compliance.
  • Lead and mentor the procurement team, fostering a high-performance culture and ensuring skill development across sourcing, negotiation, and contract management.
  • Other duties as assigned
Desired Qualifications
  • Procurement certification (e.g., CIPS, CPSM)
Brown & Brown Insurance

Brown & Brown Insurance

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Brown & Brown provides risk management and insurance solutions to businesses and individuals through its Retail and Specialty Distribution segments. The company works by acting as an intermediary to identify specific risks and connect customers with tailored insurance policies that protect their assets. Unlike many competitors, it combines the scale of a large global brokerage with a decentralized culture that emphasizes local community involvement and a team-based approach to service. Its goal is to provide superior risk protection and long-term security for customers by consistently prioritizing their best interests.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Leeds, United Kingdom

Founded

1914

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Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 revenue rose 30.4% to $1.676 billion, driven by Accession and contingent commissions.
  • Management generated $610 million operating cash flow and kept full-year organic-growth guidance.
  • AI pilots delivered 2x-8x productivity gains and 80%-90% faster analysis in select workflows.

What critics are saying

  • Organic revenue fell 0.7% in Q2 2026, showing acquisition dependence after Accession.
  • Specialty distribution organic revenue dropped 3.5%; delayed program revenue cut nearly 200 basis points.
  • $7.8 billion debt from Accession can crowd out buybacks and deals if integration slips in 2027.

What makes Brown & Brown Insurance unique

  • Accession Risk Management expanded Brown & Brown’s M&A platform with Risk Strategies and One80.
  • Anthropic, McKinsey, and Accenture are embedding Claude across 23,000 teammates.
  • Retail and specialty distribution monetize contingent commissions across 44 states and 14 countries.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Student Loan Assistance

Tuition Reimbursement

Mental Health Support

Unlimited Paid Time Off

Paid Vacation

Paid Holidays

Company News

Yahoo Finance
Aug 3rd, 2026
Brown & Brown Q2 revenue misses estimates at $1.68B despite 30% growth

Brown & Brown reported second quarter 2026 results that missed revenue expectations but showed strong year-on-year growth. Revenue rose 30.4% to $1.68 billion, below the $1.72 billion analyst estimate. Management attributed performance to strong contingent commissions, effective acquisition integration, and improved sales processes. CEO J. Powell Brown said the company's enhanced sales model is building momentum with aligned teams generating new business wins. Operating margin declined year-over-year to 22.9% from 24.2%, though the company made progress controlling expenses. Adjusted EBITDA of $611 million beat analyst estimates of $603.1 million. During the earnings call, analysts questioned MGA competition impacts, European expansion plans, and technology investment costs. Management stressed disciplined underwriting and confirmed synergy targets remain unchanged.

Yahoo Finance
Aug 1st, 2026
Brown & Brown reports Q2 revenue of $1.68B but trades 6.9% below fair value target of $75.63

Brown & Brown reported Q2 2026 results with revenue of $1.676 billion and net income of $288 million. The insurance broker's shares closed at $70.40, posting a 22.16% gain over 90 days but down 9.30% year-to-date and 23.00% over one year. Valuation models suggest a fair value of $75.63, indicating the stock is 6.9% undervalued. The company's diversified portfolio across geographies and business lines supports earnings stability. However, the price-to-earnings ratio of 19.8x exceeds both the US insurance industry average of 12.1x and the stock's fair ratio of 12.5x. Risks include rising pharmacy costs in benefits and potential Florida legislative changes that could pressure margins.

Yahoo Finance
Jul 29th, 2026
Brown & Brown shares jump 5% on 30% revenue growth despite slight miss

Brown & Brown shares jumped 5% after reporting second-quarter results. The insurance brokerage firm's revenue grew 30.4% year-over-year to $1.68 billion, slightly below analyst estimates of $1.72 billion. Adjusted earnings per share came in at $1.07, exactly meeting Wall Street expectations. The positive market reaction suggests investors focused on strong top-line growth and profit targets rather than the minor revenue miss. The shares are down 5.9% year-to-date and trading at $73.05, which is 28.8% below their 52-week high of $102.58 from July 2025. Last month, Morgan Stanley downgraded the stock to "Underweight", citing concerns about organic growth reset and a softer pricing cycle.

Yahoo Finance
Jul 29th, 2026
Brown & Brown misses Q2 revenue expectations despite 30.4% growth and AI-driven margin strategy

Brown & Brown, an insurance brokerage firm, reported Q2 2026 revenue of $1.68 billion, rising 30.4% year-on-year but missing analyst expectations of $1.72 billion. Adjusted earnings per share of $1.07 met consensus estimates. CEO J. Powell Brown credited strong contingent commissions and effective acquisition integration for the performance. The company highlighted progress in its enhanced sales model and expense control, despite operating margin declining to 22.9% from 24.2% year-on-year. Looking ahead, Brown & Brown is focusing on AI initiatives and technology partnerships to drive productivity gains. CFO R. Watts stated the company expects "incremental organic growth and margin expansion" as AI and analytics become more embedded in workflows. The firm maintains flexibility for share repurchases, technology investments, and selective acquisitions.

Yahoo Finance
Jul 28th, 2026
Brown & Brown revenue jumps 30% to $1.7B as AI partnerships target margin expansion

Brown & Brown reported second-quarter revenue of $1.7 billion, up 30.4% year-over-year, driven by acquisitions and higher contingent commissions. Adjusted earnings per share rose 3.9% to $1.07, though the adjusted EBITDAC margin declined 100 basis points to 35.7%. Organic revenue fell 0.7% excluding contingent commissions. The Retail segment grew 1.5% organically, whilst Specialty Distribution declined 3.5%. Management expects second-half organic growth of 1.5%–2.5% in Retail and 2%–4% in Specialty Distribution. Catastrophe-property insurance rates continued falling 15%–35%, whilst casualty and professional liability pricing remained firmer. The company is partnering with Anthropic, McKinsey and Accenture on AI initiatives aimed at improving productivity and margins without materially increasing technology spending.