Procurement Specialist, Insurance Category (Mandarin Speaker)
Responsibilities
Team Overview:
Our team is responsible for the procurement and management of employee insurance (group life, medical, accident, etc.) and property/liability insurance globally. Through professional insurance knowledge and procurement capabilities, we secure optimal coverage solutions for the company, effectively controlling risks and costs.
Responsibilities:
1. Insurance Procurement Management
- Manage the end-to-end procurement process for employee insurance (group life, medical, accident, long-term/short-term disability, etc.) and corporate property/liability insurance across all global regions.
- Assist in developing annual insurance procurement plans and strategies, ensuring procurement solutions meet regional compliance requirements and business needs.
2. Supplier Management
- Establish and maintain a global insurance broker and insurance company supplier database, conduct regular supplier evaluations and performance assessments, promote service improvement and optimize supplier selection.
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- Lead insurance broker and insurer bidding, price comparison, negotiations, and contract execution, drive competitive pricing to secure optimal terms and rates.
3. Cross-functional Collaboration
- Collaborate closely with HR, Legal, Finance, Tax, Risk Control and other departments to ensure compliant implementation of insurance solutions.
- Support regional localization needs while leveraging global insurance procurement experience to enhance regional insurance renewal outcomes and supplier management effectiveness.
4. Contract and Risk Management
- Manage insurance contract signing, renewal, and amendments, monitor contract execution, ensure timely renewals and optimal terms.
- Design compliant and reasonable renewal timelines based on regional conditions, identify and address risks in the insurance renewal management process, proactively and effectively coordinate internal and external resources, and properly handle emergency cases.
Qualifications
Minimum Qualifications:
- Bachelor's degree or above.
- 2+ years of experience in corporate procurement or within the insurance industry (brokerage or carrier), including hands-on experience with employee insurance operations.
- Familiarity with employee benefits and property insurance products, pricing logic, claims processes, and the market landscape.
- Full professional proficiency in both English and Mandarin, as the role will collaborate closely with cross-functional stakeholders based in China.
- Solid grounding in core procurement methodologies, including strategic sourcing, bidding management, supplier evaluation, and contract negotiation.
- Skilled in leveraging data analysis to back up procurement decisions and conduct cost-versus-solution comparisons.
- A results-oriented mindset with the cross-cultural communication skills needed to coordinate effectively with internal and external global stakeholders.
Preferred Qualifications:
- Academic background with a major in Insurance, Finance, Supply Chain Management, or a related field.
- Prior experience working within a multinational insurance brokerage firm or managing insurance procurement for a large global enterprise.
- Familiarity with the nuances of insurance regulatory requirements and compliance differences across various countries and regions.
- A highly curious, proactive learner who enjoys integrating cross-domain knowledge to adapt to diverse regional insurance ecosystems and product innovations quickly.
- A strong desire to explore complex problems, push past "good enough," and find optimal solutions that balance broad coverage quality with rigorous cost efficiency.
Job Information
[For Pay Transparency] Compensation Description (annually)
The base salary range for this position in the selected city is $70304 - $136000 annually.
Compensation may vary outside of this range depending on a number of factors, including a candidate's qualifications, skills, competencies and experience, and location. Base pay is one part of the Total Package that is provided to compensate and recognize employees for their work, and this role may be eligible for additional discretionary bonuses/incentives, and restricted stock units.
Benefits may vary depending on the nature of employment and the country work location. Employees have day one access to medical, dental, and vision insurance, a 401(k) savings plan with company match, paid parental leave, short-term and long-term disability coverage, life insurance, wellbeing benefits, among others. Employees also receive 10 paid holidays per year, 10 paid sick days per year and 17 days of Paid Personal Time (prorated upon hire with increasing accruals by tenure).
The Company reserves the right to modify or change these benefits programs at any time, with or without notice.
For Los Angeles County (unincorporated) Candidates:
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws including the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act. Our company believes that criminal history may have a direct, adverse and negative relationship on the following job duties, potentially resulting in the withdrawal of the conditional offer of employment:
1. Interacting and occasionally having unsupervised contact with internal/external clients and/or colleagues;
2. Appropriately handling and managing confidential information including proprietary and trade secret information and access to information technology systems; and
3. Exercising sound judgment.
Perks and Benefits
Health and Wellness
- Health Insurance
- Dental Insurance
- Vision Insurance
- HSA
- Life Insurance
- Fitness Subsidies
- Short-Term Disability
- Long-Term Disability
- On-Site Gym
- Mental Health Benefits
- Virtual Fitness Classes
Parental Benefits
- Fertility Benefits
- Adoption Assistance Program
- Family Support Resources
Work Flexibility
- Flexible Work Hours
- Hybrid Work Opportunities
Office Life and Perks
- Casual Dress
- Snacks
- Pet-friendly Office
- Happy Hours
- Some Meals Provided
- Company Outings
- On-Site Cafeteria
- Holiday Events
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Personal/Sick Days
- Leave of Absence
Financial and Retirement
- 401(K) With Company Matching
- Performance Bonus
- Company Equity
Professional Development
- Promote From Within
- Access to Online Courses
- Leadership Training Program
- Associate or Rotational Training Program
- Mentor Program
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program
- Employee Resource Groups (ERG)
Company Videos
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