Full-Time

Procurement

Category Management

Confirmed live in the last 24 hours

Geico

Geico

10,001+ employees

Direct-to-consumer auto and home insurance

Financial Services

Compensation Overview

$98k - $154kAnnually

Mid, Senior

No H1B Sponsorship

Chicago, IL, USA + 2 more

More locations: New York, NY, USA | Bethesda, MD, USA

Hybrid position requiring onsite presence 3-4 days per week.

Category
Procurement & Sourcing
Operations & Logistics
Requirements
  • Bachelor’s degree or military experience preferred
  • 3-5 years of experience in marketing, product, or real estate business sector
  • Strong problem solving, critical thinking, and analytical skills
  • Proven track record of identifying and implementing improvements to business processes
  • Experience negotiating contracts, including professional services
  • Experience with ensuring customer requirements are met during the negotiation process
  • Experience communicating with senior management and responding to their inquiries and requests
  • Excellent communication and time management skills; able to communicate contract issues to diverse audiences
  • Provide problem-solving and innovative ideas to support internal customers
  • Demonstrated ability to negotiate with vendors to more effectively position GEICO to receive the best value proposals for the corporation
Responsibilities
  • Contract SME for all new and “Key” incumbent renewal contracts for their supplier
  • Works closely with internal team members establishing and maintaining relationships with internal business partners to ensure products and services align with Geico’s information security protocols and domain target architectures
  • Identify value-generating opportunities (e.g., savings, efficiencies, or revenue growth) within supplier engagements, licensing models, or services
  • Comfortable leading RFx events to build leverage with GEICO suppliers and deliver more favorable pricing and contract terms
  • Lead contract negotiations in alignment with Geico contract processes, policies, and procedures
  • Partner with internal risk groups to ensure third party relationships are compliant with all relevant policies and procedures
  • Monitor and ensure successful delivery against third party contractual obligations, including management of SLAs, True-ups, notification windows, etc.
  • Lead execution of policy requirements for managed third-party relationships
  • Plan and lead periodic risk reviews and assessments of supplier relationships

GEICO provides a range of insurance products, with a primary focus on auto insurance. The company sells policies directly to consumers, which allows them to offer lower rates by eliminating intermediaries like brokers. Customers can obtain quotes, manage their policies, and file claims through GEICO's user-friendly website. In addition to auto insurance, GEICO also covers motorcycles, ATVs, RVs, and offers home and renters insurance. What sets GEICO apart from its competitors is its strong online presence and memorable advertising campaigns that enhance brand recognition and customer loyalty. The company's goal is to simplify the insurance process for its customers while providing competitive rates and comprehensive coverage options.

Company Stage

Acquired

Total Funding

N/A

Headquarters

Tulsa, Oklahoma

Founded

1936

Simplify Jobs

Simplify's Take

What believers are saying

  • Expansion into commercial insurance diversifies revenue and reduces dependency on auto insurance.
  • Partnership with Wendell Charles strengthens regional market presence and customer acquisition.
  • Collaboration with MLB enhances brand visibility and customer interaction through sports marketing.

What critics are saying

  • Increased competition from digital-first startups may erode GEICO's market share.
  • Rise of autonomous vehicles could reduce demand for traditional auto insurance.
  • Lag in technology upgrades may lead to customer dissatisfaction.

What makes Geico unique

  • GEICO's direct-to-consumer model offers competitive rates by eliminating intermediaries.
  • Strong online presence allows easy policy management and claims filing for customers.
  • Memorable advertising campaigns enhance brand recognition and customer loyalty.

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