Pay Philosophy
The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
Description
We are currently seeking a highly skilled individual to join our team in the role of Principal Data Strategy Analyst. In this position, you will play a crucial role in responding to internal stakeholder requests and facilitating the connection of existing third-party data sources, as well as identifying and engaging with new third-party data vendors. Your expertise in procurement, vendor management, and third-party data will be highly valuable in supporting stakeholder objectives.
Responsible for development and advancement of one or more categories and supplier spend management strategies that support key business objectives/ priorities and result in significant cost savings, service/quality, and process improvements within categories. This role will be the category leader and key stakeholder relation manager for assigned categories within 3rd Party Data. This position will act as an advocate and change-manager for assigned Functional Areas and Business Groups by demonstrating category knowledge, adding value, and educating stakeholders on Strategic Sourcing process. The role will work closely with key stakeholders to develop effective cost reduction strategies and implement plans.
You will interface directly with vendors to establish, negotiate, and renew contracts, ensuring that our partnerships align with our client and business objectives. Your expertise in managing vendors will be key in driving stakeholder satisfaction and maximizing business value.
The role involves managing vendor relationships, data procurement, and driving data strategy initiatives.
- Respond to internal stakeholder requests for third-party data
- Facilitate the connection of existing third-party data sources
- Identify and engage with new third-party data vendors
- Negotiate and renew contracts with vendors
Responsibilities:
- Develop relationships and work with key business partners to understand strategic direction, supply requirements and corporate business objectives and priorities
- Work collaboratively with Functional Area and Business Group partners to conduct opportunity identification and prioritization
- Develop and execute multi -year category planning process to develop opportunity pipelines. Identify and prioritize sourcing initiatives within the categories through Category planning process for annual plan
- Develop third party data sourcing strategies and lead/coordinate negotiation for a variety of assigned product and service areas
- Build reputation as a subject matter expert for assigned product and service areas
- Lead/participate in cross-functional teams in the development of sourcing strategies
- Internal assessments of Company current and future needs; assessments of market trends and supply base
- Understanding of supplier economics, agreement on optimal relationship between Company and prospective suppliers
- Assessment of total cost of ownership and opportunities to leverage changes in process, systems, and products to lower that cost
- Working closely with stakeholders to establish and execute the sourcing strategy, which will include development and implementation of communication strategies for key stakeholders on overall process, timing, and end products
- Develop TCO reduction strategy into business cases, obtain stakeholder buy in and create execution plan
- Drive early engagement; drive an expanded scope of influence and increase spend under management
- Proactively manage supplier performance through disciplined and collaborative feedback channels
- Provide guidance on monitoring supplier performance against contractual terms and conditions, assess supplier financial health and develop risk mitigation plans for critical and preferred suppliers
- Drive and measure annual productivity improvements through establishment of key performance metrics and tracking of results.
Qualifications
- Strong written and oral communication skills required
- Experience in communicating recommendations to senior business leaders preferred
- BA/BS, or relevant work experience, in Computer Science or related field preferred
- MBA or advanced degree in Mathematics, Computer Science, Engineering, Economics, or other quantitative discipline strongly preferred
- 5-7+ years of experience working in coding methodologies and design principles, particularly in open source tools and technology
About Us
As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.
We are proud to support a diverse, equitable and inclusive workplace, where all employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
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