Procurement Manager

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The Company

Root was founded on the belief that insurance is a broken industry, and we set out to change it. By getting to the “root” of the issue—the unfair, archaic, complicated insurance business model—and solving it entirely, we set out to transform the insurance world.

 

We believe our customers deserve insurance that is:

Fair. We lean on data, not demographic labels

Affordable. We base rates on good driver performance

Personal. We give our customers the power to affect their rates

Easy. We create an intuitive experience

Accessible. We make information clear

Beyond. We are never, ever satisfied with the status quo

 

The Role

We’re looking for an experienced Procurement Manager to support our business partners vendor relationships by driving consistency and optimization. This individual should be a highly analytical, forward-thinking, communicator who will bring their procurement experience to our growing team. The perfect candidate will be comfortable working cross-functionally with business teams to understand key vendors and business drivers. Root has experienced significant growth in a short period of time, building from 60 to over 1,300 people. Given this rapid growth, the most successful candidate will be able to step into our fast-paced environment and improve our ability to guide and support our business partners through vendor procurement and management opportunities.

 

Reports to: Director of Procurement and Finance Operations


What you'll be doing

  • Oversees the development, planning and execution of category management strategies
  • Lead, coach, and develop a small team of procurement analysts
  • Collaborates with the business to establish a vendor risk and performance management framework
  • Plans and executes the sourcing activities for categories under management
  • Partners with business units to manage and optimize vendor spend, service, and quality
  • Leads sourcing and contract negotiations
  • Collaborates with business and finance to operational the budget
  • Drives continuous innovation and improvement in procurement programs
  • Tracks and reports key performance metrics to inform strategic decision-making regarding the vendor landscape
  • Develops and maintains effective business partner relationships
  • Performs other duties as assigned

What we're looking for

  • Tech savvy with a strong interest and proven success in procurement
  • Excellent communicator
  • Collaborator and ability to influence varying stakeholders
  • 5+ years demonstrated procurement experience, preferably with experience in insurance, financial services, and/or a fast-paced technology environment
  • Approaches problem solving with natural intellectual curiosity, open-mindedness, and comfort with ambiguity
  • In-depth knowledge of contracts, category management, RF(x) execution, stakeholder management. Drafting experience is a plus
  • Bachelor’s degree with analytical focus and/or procurement, supply chain, and/or relevant industry certifications

Join us

At Root, we judge people based on the merit of their work, not who they are. If you are passionate about what this role entails and solving real problems, we encourage you to apply. We want to learn about you and what you can add to our team.


Who we are

We’re harnessing the power of technology to revolutionize insurance. Using machine learning and mobile telematic platforms, we’ve built one of the most innovative FinTech companies in the world. And we’re just getting started.


What draws people to Root

Our success is in large part due to our unwavering standards in hiring. We recognize that our products are only as good as the people building and promoting them. We want individuals who find solutions by going through the cycle of ideation to implementation with curiosity, rigor, and an analytical lens. Ask anyone who works here and you’ll hear similar reasons for why they joined:


Autonomy—for assertive self-starters, the opportunities to contribute are limitless.

Impact—by challenging the way it’s always been done, we solve problems that have a big impact on our business.

Collaboration—we encourage rich discussion and civil debate at every turn.

People—we are inspired by the collection of crazy-smart people around us.

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Location

IL

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