Procurement Manager responsible for supplier engagement and procurement strategy execution. Driving efficiencies and supporting business units at M&G Investments.
Responsibilities
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 utilized within their team and across the Procurement function
Requirements
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 draw out key trends / insight to support the development and improvement of the category
Excellent written and verbal communications skills, and the ability to communicate to a range of stakeholders at all levels of the organisation
Strong knowledge of procurement best practice, good network/links with external bodies and individuals in category management across other industries
Strong knowledge of UK indirect supplier marketplace in terms of pricing, breadth of suppliers and geographical coverage, supplier financial standing, including broad understanding of the market trends and dynamics
Experience drawing key trends and insight from a complex range of data and driving action from that insight
Experience of working with a range of external suppliers, able to tailor approach based on the nature of the relationship with a specific partner or client
Experience of commercial and contract negotiation, including the drafting and execution of commercial contracts with track record of delivering savings to target and timelines
Experience of building relationships and influencing a range of senior internal and external stakeholders with the ability to manage competing priorities and business objectives in a fast paced environment
Experience of working in a matrix environment / or virtual team environment
Experience of working in a financial services or services based procurement function
Desirable: Working knowledge of financial services, regulatory and legislative frameworks relevant to the UK business
Relevant professional or degree qualification (e.g. MCIPS, MBA)
Benefits
As a savings and Investments firm we are proud to offer a valuable pension scheme of 18% , with 13% made up of Employer Contributions and 5% Employee Contributions .
We also offer Share Save and our Share Incentive Plan , together with access to financial wellbeing and support services - to help give you real confidence to put your money to work.
Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.
Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.
Health & Protection cover including Private Healthcare , Critical Illness cover and Life Assurance for you, with family options - for peace of mind.
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