As a Category Specialist at Phoenix Group, manage indirect procurement services and supplier relationships across various categories. Focus on strategy development, sourcing negotiations and cost savings initiatives.
Responsibilities
Category strategy development: Develop and implement effective category plans and sourcing strategies for Marketing & Brand and Market Data, ensuring alignment with broader business goals.
Supplier selection and management: Research the supply market to identify, assess and commercially manage end-to-end supplier relationships, ensuring high-quality services, competitive pricing and strong commercial value.
Sourcing and negotiation: Lead, or support, sourcing events and negotiations. Deliver robust commercial outcomes, optimise contract structures to drive value whilst reducing commercial and operational risk.
Deliver and embed cost savings: Implement cost optimisation strategies, including but not limited to demand management, rate optimisation and process efficiencies, to deliver sustainable savings and improve profitability.
Risk Management: Proactively identify and mitigate risks associated with sourcing activities, including regulatory and contractual changes, ESG (Environmental, Social, and Governance) standards, supplier resilience and continuity, and operational/commercial risk exposures.
Cross-functional collaboration: Collaborate with internal stakeholders, including Finance, Legal, Risk and Business Unit Executives to understand requirements and provide strategic guidance and support.
Continuous Improvement: Drive continuous improvement initiatives with our Centre of Excellence team, ensuring that procurement and third-party management best practice is adopted to enhance the efficiency and effectiveness of our function.
Requirements
Indirect Procurement experience, ideally in the categories outlined above or similar categories, with an understanding of external supply markets and value levers.
Good negotiating skills with the ability to influence and communicate effectively with internal and external stakeholders.
Analytical and problem-solving skills with a data-driven approach to decision-making.
Working knowledge of contracting models, commercial terms and conditions, and the confidence to negotiate them.
Working knowledge of financial services regulation and how it impacts third-party risk, contract structures and procurement execution.
Experience of working with procurement tools and systems.
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