Procurement Manager

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long‑term investment and savings solutions.

Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

The Procurement function’s purpose is to balance opportunity, risk and responsibility to drive better business outcomes through the third party supply chain. The Director of Procurement reports into the Director of Finance Transformation, Ops and Data in the Finance function. The aim of the function is to protect the business against commercial, operational and regulatory risk whilst delivering value for money for business budget holders.

The role holder will report into and work closely with the Senior Procurement Manager (who reports into Head of Procurement) to ensure a cohesive and collaborative partnership with Business Leaders within specific Business Units. The Procurement team has two main focus areas:
To lead and drive forward all third party engagements supporting allocated business units. This role is responsible for building partnerships and executing contracts with suppliers to support business divisions to optimise cost base, operating models and deliver innovation. This will include leading complex activities involving strategic or material suppliers, such as negotiating and contracting for new BPO deals, and delivering renewals of existing deals.

The role will also include informal management of resources out of India and will maintain accountability of executing buying activities to drive lower costs and ensure appropriate mitigation of risks associated with third parties. To provide Business Partnering Services for all Procurement activities for allocated business units, improving engagement between Procurement and business functions to develop and deliver a savings pipeline and demonstrating the value add of the by identifying opportunities for improved cost base, innovation or transformation through the use of third parties.

It is important in this role to build relationships and networks across the organisation to establish the desired operating model and set the adherence to procurement ways of working. These relationships coupled with commercial and economic insight need to be harnessed to continuously drive tangible improvements across the category and to achieve recognised procurement best practice.

• Supporting the development and delivery of the procurement strategy for indirect spend, driving efficiencies and savings for the business and supporting delivery of business strategy and third party supply chain control
• Delivering an excellent procurement service to internal customers/stakeholders
• Managing supplier relationships during the procurement projects and interventions
• Creating a supply chain that aligns with the Commercial & Business Strategy
• Accountable for delivery of procurement projects driving efficiencies and savings for the business
• Understanding and identifying market trends and intelligence to deliver value and innovative solutions that will achieve business success
• Building strong working relationships with core centralised teams (such as IT Security, Legal and Financial Crime)
• Driving continuous improvement for the processes utilised within their team and across the Procurement function

• Good knowledge of strategic procurement and category management theories and concepts, financial risk and liability, including understanding the commercial risks associated with indirect supply chain
• Strong analytical skills with the ability to cut through information and…