Strategic Sourcing Manager, Procurement

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Finance and Accounting

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

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At Travelers, we aim to enable a streamlined experience for business partners to purchase goods and services to help run our businesses. The Strategic Sourcing Team aims to enhance internal Travelers processes. As the Strategic Sourcing Manager, you will be responsible for the strategic sourcing, negotiation, program and category management, and spend and market analysis that span multiple categories and/or lines of business.

• Execute the full lifecycle of sourcing activities, including developing sourcing strategies, to negotiate optimal commercial terms with a focus on risk mitigation in adherence with corporate contracting standards while closely partnering with cross‑functional teams.
• Accountable for category and portfolio management activities including making recommendations on sourcing strategies, building internal and external supplier networks, maintaining awareness of changing market conditions, and other research to drive optimal outcomes.
• Communicate analysis, insights, risks, and results to team and business partners.
• Perform enterprise supplier risk activities and supplier diversity aspects of the procurement process.
• Participate in team and division projects and operational initiatives.
• Perform other duties as assigned.

• Bachelor’s degree.
• Experience using Procurement, eSourcing, SAP Ariba, and Excel applications.
• Strong verbal and written communication skills with ability to influence and present to mid‑management levels of the organization.
• Experience negotiating contracts in specific categories.
• Strong project planning, negotiating, organizing, documenting and problem‑solving skills.
• Ability to take quick, decisive action in unique and complex situations to meet corporate business objectives and business requirements.

• Four years of procurement, strategic sourcing, finance, supplier management, administrative or related experience.

• Health Insurance
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  Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar‑for‑dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our…