Why AAA Life

AAA Life is a respected and trusted American brand that has been focusing on Life Insurance and Annuity Products since 1969.  At AAA Life we have over 1.8 million policies where we take pride in earning the trust of our policyholders who understand our promise to be there for them – and their families – when we’re needed most.  By joining the AAA Life team, you are joining a company that genuinely cares about helping each other, with a devotion to protect the lives of those around us.   We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of belonging and use their unique talents and perspective to influence, innovate, motivate, and thrive.

The Procurement Analyst will analyze vendor risk and contract data, monitor vendor performance, identify cost-savings opportunities and contribute to the development and continuous improvement of procurement processes.

How You’ll Work

Work Solution: Hybrid

Relocation Eligibility: Available

Data Analysis, Reporting and Process Optimization:

• Collect, track, and analyze Vendor Risk Management (VRM) and Service Level Agreement (SLA) data to drive procurement improvements.
• Develop and maintain dashboards to provide actionable insights into vendor performance, SLA compliance, contract expirations and procurement trends.
• Provide reporting to stakeholders to support decisions and highlight cost savings and process optimization opportunities.
• Enhance and streamline our current SLA tracking program to increase scalability.

VRM and SLA Monitoring and Compliance

• Monitor the VRM mailbox for new VRMs, ensuring vendor records are updated and tracked.
• Conduct and distribute VRM Completeness Checks to confirm all vendors have completed the VRM process.
• Track and escalate overdue VRMs, ensuring timely completion and compliance.
• Prepare and send monthly VRM status reports to key stakeholders, outlining pending tasks, VL responsibilities, and upcoming due dates.
• Partner with business units to define clear, measurable SLAs and ensure vendor liaisons (VLs) conduct quarterly reviews to assess compliance and address any deviations.

Risk Mitigation/Management:

• Analyze procurement workflows and VRM/SLA data to identify risks, inefficiencies, and opportunities for improved accuracy.
• Develop and recommend strategies to enhance vendor accountability and ensure alignment with business objectives.
• Identify and assess risks related to SLA or VRM non-compliance, escalating issues and coordinating remediation with business units and appropriate level of management.
• Develop contingency plans to address potential disruptions and ensure continuity of service with minimal impact.

Collaboration and Communication:

• Act as a liaison between procurement, vendors, and internal business units to ensure effective SLA and VRM management.
• Support the procurement team by organizing vendor review meetings and performance check-ins.

Qualifications

• Bachelor’s degree in Finance, Business Administration, Supply Chain Management, Accounting, or related field.
• A minimum of two (2) years of experience working with vendor management processes, reporting, analytics, and assessments of impacts on the company.

Preferred Qualifications

• Experience with procurement processes and systems, reporting tools, SLA tracking and cost accounting preferred.
• Knowledge of data analysis and development of statistical/financial data for utilization in the formulation of reports with recommendations.
• Strong analytical and problem-solving skills with a track record of process improvements.
• Proficiency in MS Office Suite and financial software packages.
• Knowledge of Procurement/Accounting software applications considered a plus.
• Strong relationship-building skills. Ability to communicate effectively at various levels within the organization.

While performing the duties of this job, the employee is frequently required to stand, walk, sit, use hands to finger, handle, or feel, talk, hear and concentrate.  Specific vision abilities required by this job include close vision, distance vision, depth perception, and ability to adjust focus.

This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements.  Reasonable accommodation will be made for otherwise qualified applicants as needed to enable them to fulfill these requirements.

We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.