Procurement Specialist

3 weeks ago


London, Greater London, United Kingdom Lloyd's Full time

Lloyd's stands as the premier global marketplace for insurance and reinsurance. We harness the collective intelligence and risk-sharing expertise of the industry's most brilliant minds, collaborating to create a more courageous world.

Our mission is to foster bravery, ensuring that the advancements of tomorrow are not hindered by the uncertainties of today.

Our core values: we are courageous; we thrive through collaboration; we uphold integrity; guide our actions and decisions. If you resonate with our values and share our commitment to building a future that is more sustainable, resilient, and inclusive, you will find a place at Lloyd's – join us in crafting a bolder future.

The Position

This role involves assisting the Head of Procurement Delivery in achieving established goals aligned with the procurement strategy. You will contribute to the development of opportunity assessments and collaborate with the procurement team to generate management information and data pertinent to procurement. This position will require engagement with various data sets and the creation and upkeep of reporting tools, data products, and platforms.

Key Responsibilities

Employ analytical tools and methodologies to facilitate the execution of procurement processes and projects, supporting transformation and change initiatives. Conduct research and develop market insights for categories to aid the Procurement Team. Cultivate effective relationships with stakeholders, addressing challenges as they arise. Produce procurement dashboards on a scheduled and ad-hoc basis, visualizing data and delivering analytics from all procurement tools and platforms. Oversee data management across all procurement platforms and databases. Accountable for managing assigned workstreams within multiple projects concurrently, utilizing defined methodologies. Grasp the process for conducting Opportunity Assessment Reviews and assist in their execution through activities such as detailed data analysis, stakeholder interviews, and report generation. Streamline the onboarding of suppliers and aid in the creation of new supplier profiles. Support the formulation of new processes, procedures, and solutions for the purchasing system, identifying any category-specific needs.

Required Skills

Proven experience in data visualization using various techniques and methods. Highly developed Excel proficiency. Advanced analytical capabilities. Database management experience. Strong influencing skills at senior levels to promote acceptance of new operational methods. Proficient IT skills, including extensive experience with word processing and presentation software. Exceptional planning and organizational abilities.

Required Knowledge

Established knowledge of procurement principles and substantial experience within a procurement function.

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