Strategic Procurement Manager
5 days ago
We are seeking a highly skilled and experienced Strategic Procurement Manager to join our team at Phoenix Group Holdings. As a key member of our procurement function, you will play a critical role in driving business value and improving our commercial partnerships.
Key Responsibilities- Category Strategy Development: Develop and implement strategic procurement plans aligned with category/departmental objectives and wider-organisational goals.
- Supplier Selection & Management: Identify, assess, and commercially manage end-to-end relationships with strategic, critical and other material suppliers to ensure the delivery of high-quality products and services.
- Procurement and Negotiation: Lead the strategic procurement process – negotiate key commercial terms and contracts and manage post-contract award supplier relationships and performance to maintain business benefits and mitigate risks.
- Cost Optimisation: Implement cost transformation strategies including, but not limited to, demand management, volume consolidation, specification optimisation, cost re-engineering and process efficiencies to generate savings and drive profitability.
- Risk Management: Proactively identify and mitigate risks associated with sourcing activities, including managing regulatory contractual change, ESG standards, supplier risks, contract risks and ensure business continuity.
- Cross-functional collaboration: Collaborate with internal stakeholders, including Finance, Legal, Risk, and Business Unit Executives to understand their needs and requirements and provide strategic guidance and support.
- Performance Measurement: Establish key performance indicators (KPIs) and metrics and monitor the performance of the categories under management, track savings and identify areas for improvement.
- Continuous Improvement: Drive continuous improvement initiatives in collaboration with our Centre of Excellence team, ensuring that Procurement and third-party management best practices are adopted to enhance the efficiency and effectiveness of our commercial partnerships.
- Demonstrable background of improving the value proposition of Procurement for indirect spend (services)
- Experience of adopting a strategic approach to Procurement, from defining category scope through to on-going maintenance of a defined and agreed category strategy
- Strong negotiation acumen, with the ability to influence and communicate effectively with internal and external stakeholders
- Ability to cultivate and maintain strong relationships with business stakeholders based on credibility and trust
- Excellent analytical and problem-solving skills, with a data driven approach to decision-making
- Experience of working with procurement tools and systems
- Current working knowledge of contracting models
- Ability to work independently, prioritise tasks and manage multiple projects simultaneously in a fast-paced environment
- MCIPS qualification, or working towards (desirable)
- Detailed knowledge of asset management and market data supply market, from both an established service provider and disruptor perspective (desirable)
- Knowledge of financial services products and regulations (desirable)
We are the UK's largest long-term savings and retirement business, with a range of products across our market-leading brands. We are committed to ensuring that everyone feels accepted and welcome, and we are an equal opportunities employer. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.
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