Hybrid Category Specialist, Buyer – Indirect Procurement

Posted 2 hours ago

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About the role

  • 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.

Benefits

  • £50,000 - £55,000 plus 16% bonus up to 32%
  • private medical cover
  • 38 days annual leave
  • excellent pension
  • 12x salary life assurance
  • career breaks
  • income protection
  • 3x volunteering days and much more.

Job title

Category Specialist, Buyer – Indirect Procurement

Job type

Experience level

Mid levelSenior

Salary

£50,000 - £55,000 per year

Degree requirement

Bachelor's Degree

Location requirements

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