Sourcing Analyst

For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, ESG initiatives and IDE journey.

Our Sourcing Procurement and Relationship Consultants (SPARC) team is seeking a Sourcing Analyst to join our growing team in the Worcester, MA area. This is a full time, exempt role.  
POSITION OVERVIEW: This dynamic role is responsible for supporting the Hanover’s business customers to procure goods and services required to meet strategic goals. The Sourcing Analyst will provide support to senior sourcing professionals by managing assigned work, including contract processing and RFx facilitation. The Sourcing Analyst will gain responsibility for more complex assignments with guidance from sourcing leadership and their direct manager.

IN THIS ROLE, YOU WILL:
• Support activities in all four phases of the sourcing life cycle (Strategy, Evaluation & Selection, Contract Management and Performance Management) for contract renewals, statements of work, change orders, and terminations
• Effectively manage assigned work and other sourcing initiatives as assigned in accordance with standard operating procedures. Maintain high quality data in sourcing applications.
• Work as part of a sourcing project team to solve current operational issues, provide sourcing solutions to a business unit or driving cost efficiency in the business unit.
• Perform due diligence on potential vendors, as assigned.
• Help prepare and issue RFx sourcing documents with sourcing team and business areas.
• Learn contract methodology and contract artifacts to provide assistance in the preparation of contractual documents.

• Provide process feedback and support process improvement initiatives to optimize sourcing activities.
• Negotiate a variety of low dollar contracts.
• Support the implementation of sourcing practices and standards.
• Learn and become proficient in sourcing work tools to manage the flow of contracts, requisitions third party risk management and purchase orders.

• Facilitate and support third party risk management processes.

WHAT YOU NEED TO APPLY:
• 3 or more years of professional experience, ideally in procurement or strategic sourcing.
• Bachelor’s degree or equivalent experience.
• Dedicated to meeting the expectations and requirements of internal customers.
• Strong organizational and time management skills.
• Demonstrates the ability to influence others through strong written and verbal communication skills.
• Promotes and facilitates free and open communication.
• Understands the importance of developing and maintaining cooperative relationships at all levels of the organization, despite differing perspectives.
• Builds knowledge of negotiating techniques to achieve various business goals.
• Thinks critically and anticipates, recognizes, identifies, and develops solutions to problems in a timely manner.
• Easily adapts to new or different changing situations, requirements or priorities.
• Cultivates an environment of teamwork and collaboration.
• Proficient with a variety of computer-based tools needed to analyze data and present results (https://i.e. MS Excel, Word, Access, PowerPoint, etc.).

Physical Demands & Work Environment:

• Ability to use a personal computer and other standard office equipment
• Ability to travel as necessary, less than 5% of workdays

• Ability to operate in an open office environment

EEO Statement

The Hanover values diversity in the workplace and among our customers. The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.

Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law.

CAREER DEVELOPMENT:

It’s not just a job, it’s a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you – at every level – to grow and develop.

BENEFITS:

We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you’ll enjoy what you do and have the support you need to succeed.

Benefits include:

• Medical, dental, vision, life, and disability insurance
• 401K with a company match
• Tuition reimbursement
• PTO
• Company paid holidays
• Flexible work arrangements
• Cultural Awareness Day in support of IDE
• On-site medical/wellness center (Worcester only)
• Click here for the full list of Benefits

EEO statement:

The Hanover values diversity in the workplace and among our customers.  The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.  

Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law.” 

As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities.  Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at: HRServices@https://hanover.com and include the link of the job posting in which you are interested.

Privacy Policy:

To view our privacy policy and online privacy statement, click here.  

Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here**.
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