Full-Time

Supplier Manager II

Posted on 10/2/2024

Geico

Geico

10,001+ employees

Direct-to-consumer auto and home insurance

Financial Services

Compensation Overview

$76k - $126kAnnually

Mid

No H1B Sponsorship

Chicago, IL, USA + 2 more

More locations: Union City, NJ, USA | Bethesda, MD, USA

Category
Procurement & Sourcing
Operations & Logistics
Requirements
  • A bachelor’s degree
  • 2-4 years of experience in the technology business sector
  • Strong problem-solving, critical thinking, and analytical skills
  • Strong multi-tasking skills
  • Proven track record of identifying and implementing improvements to business processes
  • Experience negotiating software licensing, technology hardware, and technology professional services
  • Experience with ensuring suppliers meet customer requirements during the negotiation process
  • 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
  • The candidate must navigate these technology supplier relationships, purchases, and contracts.
  • Coordinate, communicate, and work closely with technology experts, and contract owners to align goals to enterprise-wide initiatives and ensure good outcomes for all engagements.
  • Identify value-generating opportunities (e.g., leverage, savings, efficiencies, or revenue growth) within supplier engagements, licensing models, or services.
  • Comfortable Managing technology supplier relationships
  • Lead contract negotiations in alignment with Geico contract processes, policies, and procedures
  • Monitor and ensure successful delivery against third-party contractual obligations, including SLA management, 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, as well as 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.
  • Recent $2 billion profit in Q3 supports investments in technology and service enhancements.
  • New fan engagement platform with MLB boosts brand visibility through sports marketing.

What critics are saying

  • Increased regulatory scrutiny from data breaches may lead to higher compliance costs.
  • Departure of key marketing personnel could disrupt customer acquisition strategies.
  • Customer dissatisfaction with claims handling could harm reputation and retention.

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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