Job Description

Procurement & Vendor Management (P&VM) aligns Navy Federal's procurement strategy and execution with operational, financial, and strategic priorities. P&VM leads Navy Federal's efforts in sourcing, acquisition planning, contract negotiations, contract administration, and holistic vendor management, including third-party risk management, to ensure operational requirements are satisfied and risks are properly managed. We strive to deliver results in a timely manner and maximize value on behalf of our internal customers and members to reach enterprise strategic goals. We also work with business units to buy, lease, and sell personal and real property.

The Summer Associate Program is a 12-week internship program beginning in May 2025 and ending in August 2025. Students will work on impactful projects and meaningful work during their internship. To qualify for this position, applicants must be currently pursuing a degree from an accredited college or university and have an anticipated graduation date of December 2025 or later.

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

• Best Companies for Latinos to Work for 2024
• Computerworld® Best Places to Work in IT
• Forbes® 2024 America’s Best Large Employers
• Forbes® 2023 The Best Employers for New Grads
• Fortune Best Workplaces for Millennials™ 2023   
• Fortune Best Workplaces for Women ™ 2023       
• Fortune 100 Best Companies to Work For® 2024
• Military Times 2023 Best for Vets Employers
• Newsweek Most Loved Workplaces 
• Ripplematch Campus Forward Award - Excellence in Early Career Hiring
• Yello and WayUp Top 100 Internship Programs

From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability

Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position.

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

• Currently pursuing a degree in Supply Chain, Business, Logistics, Data Analytics Engineering (with focus on supply chain/business) or other related field.
• Strong written and verbal communication skills.
• Strong analytical skills - comfortable working with quantitative and qualitative data.
• Strong ability to work in teams and collaborate with peers and internal customers.
• Strong knowledge of and experience in Microsoft Office tools.
• Ability to learn new processes quickly and effectively multi-task.

Skills

• Excellent communication skills.
• Self-starter / self-directed.
• Understanding of general Information Technology concepts.
• Experience with business process definition and optimization.
• Strong analytical skills with experience creating reports and analyses.
• High level proficiency with Microsoft Office and other Data Analytics tools.
• Thorough understanding of Supply Chain with a strong emphasis in strategic sourcing and data analytics.
• Experience with Reporting and Analytic tools.
• Previous experience in articulating an idea and influencing cross functional senior leadership for buy in.
• Experience with Strategic Sourcing or Category Management a plus.

Develop framework for Value Added Reseller Program, which will include process and procedure development, rationalization of our VAR supplier base, and detailed spend analysis. The Summer Associate will need to identify key KPIs to measure success of participants in the Program. We also have other opportunities to work hand in hand with our Sourcing Managers on strategic sourcing engagements as well.

12-week plan:

1. Analyze available spend information to identify trends.
2. Work with Sourcing Managers to identify opportunities to leverage spend data.
3. Propose process changes to improve analytics regarding spend.
4. Define and implement a process to identify Key VARs, the categories will be primary and supplemental VARs.
5. Report back on the outcome, with proposed next steps.
6. As time permits, assist in the next steps planning and implementation activities. 
7. Execute and administer Nondisclosure Agreements (NDAs) as appropriate.
8. Conduct Market Research as appropriate.