Full-Time

Procurement

Sourcing Manager

Confirmed live in the last 24 hours

Geico

Geico

10,001+ employees

Direct-to-consumer auto and home insurance

Financial Services

Compensation Overview

$72k - $154kAnnually

Senior, Expert

No H1B Sponsorship

Bethesda, MD, USA

Hybrid position requiring in-office presence.

Category
Administration
People & HR
Requirements
  • Bachelor’s degree or relevant experience
  • Strong project management, problem solving, critical thinking, and analytical skills
  • Proven track record of identifying and implementing improvements to sourcing processes
  • Experience running sourcing events across multiple industry categories, including professional services and Tech engagements
  • Experience with gathering and ensuring customer requirements are met during the sourcing process across multiple business lines
  • Experience communicating with senior management and responding to their inquiries and requests
  • Excellent communication and time management skills; able to communicate issues and solutions 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
  • Lead the development and execution of sourcing processes, tools, and training to drive sourcing best practices and consistency
  • Development of strategic sourcing initiatives through the introduction of a competitive marketplace, demand management, and supplier consolidation
  • Category expertise to identify cost drivers/trends to create procurement strategies across the category
  • Own the full strategic sourcing cycle, including supplier identification and selection, price negotiation, contract negotiations, and executive stakeholder engagements
  • Management of competitive bid processes including RFP's, RFI's, RFQ's
  • Lead and drive the planning and management of a pipeline of strategic sourcing projects
Desired Qualifications
  • 4-year degree with Finance, Business Administration, or Supplier Management major
  • Experience with a large service provider
  • Experience with contract management systems

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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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Sick Leave

401(k) Retirement Plan

Professional Development Budget