Sourcing Business Partner

6 days ago

Bournemouth, Bournemouth, United Kingdom Vitality Full time
About the Role

We are seeking a highly skilled Sourcing Business Partner to join our team at Vitality. As a key member of our Sourcing team, you will be responsible for sourcing, contract, and supplier management for Group Insurance for the organisation.

Key Responsibilities
  • Identify and evaluate potential risks to the company's assets, operations, and personnel, and evaluate these in terms of impact and likelihood.
  • Be the point of contact for all corporate insurance claims, and all related insurance queries, dealing with multiple internal and external stakeholders, to advise on best practice.
  • Build strong relationships with key stakeholders to define category-focused sourcing strategies to meet sourcing and business objectives.
  • Utilise existing knowledge and conduct market research to identify potential corporate insurance suppliers, define the preferred sourcing solution, and manage any cut-throat (RFI/RFP) exercises to meet business and commercial requirements.
  • Draft and implement robust contracts and service schedules with selected suppliers in order to maximise business value. Mitigation of risk and liaison with Legal is required as standard.
  • Provide effective management of supplier relationships within Vitality's defined supplier management framework. You will manage all associated risk and compliance activities, driving post-contract value and stakeholder management.
  • Perform on-going supplier management and assurance actions across a portfolio of suppliers to help Vitality effectively manage service performance.
  • Effectively manage a portfolio of corporate insurance renewals via the Contract Lifecycle Management process and identify efficiency improvements and cost savings. You will enable the business to maintain required levels of cover to mitigate risk.
Requirements
  • Possess specific knowledge and experience in Corporate/Group Insurance management strategy and implementation primarily in General Insurance corporate coverage.
  • Have impressive experience of negotiations with suppliers to deliver value and mitigate contractual risk.
  • Show a broad understanding of contract drafting, service definition, performance, and commercial structures.
  • Have a proven record of effective category management, demonstrating the implementation of sourcing strategy, supplier rationalisation, and supplier innovation.
  • Be able to communicate, influence, and network with stakeholders at all levels, both internally and externally.
  • Possess a positive level of proficiency of desktop applications including Excel, Word, SharePoint, and PowerPoint.
What We Offer
  • Bonus Schemes – A bonus that regularly rewards you for your performance.
  • A pension of up to 12%– We will match your contributions up to 6% of your salary.
  • Our award-winning Vitality health insurance – With its own set of rewards and benefits.
  • Life Assurance – Four times annual salary.

We commit to all these things because we want you to feel that you belong, and are supported to be happy and healthy.

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