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Procurement & Outsourcing Director

2 months ago

London, Greater London, United Kingdom CFC Full time
About the Role

We are seeking an experienced Procurement & Outsourcing Manager to lead our central processes and initiatives relating to procurement and outsourcing. This role will develop and execute centralized processes to oversee all procurement and outsourcing arrangements across CFC.

Key Responsibilities
  • Develop and implement centralized processes to manage procurement and outsourcing arrangements
  • Develop and implement sourcing strategies to procure goods and services at the best possible cost, quality, and terms
  • Create and issue reports on procurement & outsourcing arrangements, including board and committee updates as required
  • Maintain and manage the annual review process with business owners, including setting out KPIs for all outsourcing contracts
  • Conduct a gap analysis and perform ongoing reviews between the outsourcing process and regulator requirements to ensure compliance
  • Lead the RFP process for major purchases, negotiating favorable contracts with suppliers and service providers
  • Identify opportunities to consolidate purchases across the company to leverage spend and increase cost savings
  • Manage relationships with key vendors and suppliers alongside business owners, conducting performance reviews and driving continuous improvement
  • Collaborate with other departments (Compliance, Legal, IT etc.) to ensure proper risk mitigation
About You

We are looking for someone with extensive experience in progressive procurement with supply chain and outsourcing experience. You will ideally have MCISPS or another similar industry-recognized certification and membership. Experience of setting up a procurement function or working in a start-up/scale-up company would be preferred.

You will be a strategic thinker with strong leadership skills and negotiation and contract management abilities. These skills along with excellent stakeholder management and relationship building are critical for this role's success.

About CFC

CFC is a specialist insurance provider, pioneering emerging risk and market leader in cyber. Our global insurance platform uses cutting-edge technology and data science to deliver smarter, faster underwriting and protect customers from today's most critical business risk.

Headquartered in London with offices in New York, Austin, Brussels, and Brisbane, CFC has over 800 staff and is trusted by more than 100,000 businesses across 90 countries.

We are passionate about pushing boundaries, thinking differently, and building the insurance company of the future.

CFC is committed to the principles of equal opportunities and creating an environment in which all individuals are always treated with dignity and respect. We encourage a diverse corporate culture of openness and appreciation to create an environment in which your talent can be developed in the best possible way.