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Sourcing Business Partner

2 months ago

Bournemouth, Bournemouth, United Kingdom Vitality Corporate Services Limited Full time
About the Role

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

Key Responsibilities
  1. Corporate Insurance Management
  • Identify and evaluate potential risks to the company's assets, operations, and personnel, and assess these in terms of impact and likelihood.
  • Be the point of contact for all corporate insurance claims and related insurance queries, dealing with multiple internal and external stakeholders to advise on best practice.
Sourcing and Category Management
  • Build strong relationships with key stakeholders to define category-focused sourcing strategies to meet sourcing and business objectives.
  • Utilize 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 to maximize business value, mitigate risk, and liaise with Legal as required.
Supplier Management
  • Provide effective management of supplier relationships within Vitality's defined supplier management framework.
  • Manage all associated risk and compliance activities, driving post-contract value and stakeholder management.
  • Perform ongoing supplier management and assurance actions across a portfolio of suppliers to help Vitality effectively manage service performance.
Contract Management
  • Effectively manage a portfolio of corporate insurance renewals via the Contract Lifecycle Management process and identify efficiency improvements and cost savings.
  • 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 in desktop applications, including Excel, Word, SharePoint, and PowerPoint.
What We Offer
  • Bonus schemes that regularly reward your performance.
  • A pension of up to 12%, with Vitality matching your contributions up to 6% of your salary.
  • Award-winning Vitality health insurance, with its own set of rewards and benefits.
  • Life assurance of four times your annual salary.
About Us

We are a dynamic and innovative company that is committed to helping our employees thrive. We offer a range of benefits and rewards that are designed to support your physical and mental well-being, as well as your career development.

We are proud to be an inclusive and diverse workplace, where everyone has the opportunity to succeed. We believe in creating an environment that is supportive, flexible, and empowering, where you can be your best self.

We are committed to making a positive impact on society, and we believe that our employees are key to achieving this goal. We offer opportunities for you to be a force for good, and to make a difference in the world.