Procurement Business Partner

2 months ago

London, Greater London, United Kingdom Man Group Full time

Job Summary:

The Senior Analyst, Procurement role at Man Group is a key position within the Finance department, responsible for managing categories across Facilities, Marketing, and Professional Services. This role supports business units in achieving their commercial objectives by leading sourcing initiatives, managing supplier relationships, and driving procurement strategies that deliver cost savings, mitigate risk, and support business goals.

Key Responsibilities:

  • Procurement Strategy and Execution: Manage the end-to-end procurement process, including sourcing, selection, and onboarding of new suppliers. Develop and implement procurement strategies that align with business objectives and drive optimal outcomes. Lead RFP processes, including drafting RFP documents, evaluating proposals, and supporting the business with supplier selection. Negotiate favorable contract terms and commercials with suppliers.
  • Supplier Relationship Management: Develop and maintain strong relationships with key suppliers. Monitor and manage supplier performance to ensure adherence with contracts and service level agreements. Collaborate with suppliers to identify opportunities for service innovation, cost saving, and process improvements. Work alongside the business to resolve supplier issues and disputes in a timely manner.
  • Procurement Operations and Compliance: Identify opportunities to improve procurement processes, documentation, and tools. Coordinate with internal stakeholders, including legal, compliance, and finance teams, to ensure compliance with regulatory requirements and with the firm's policies and procedures. Support business stakeholders in creating and managing budgets, provide analytical support, help facilitate budget adherence, and proactively identify opportunities for cost savings.
  • Business Partnering and Collaboration: Partner with relevant business teams to understand their procurement needs and provide effective support. Collaborate with business stakeholders to identify and prioritize procurement initiatives that drive value for the firm. Provide advice and guidance on procurement best practices. Build strong relationships with business stakeholders to ensure alignment and satisfaction with procurement services. Support stakeholders globally, working effectively across different time zones to ensure consistent procurement practices across the firm.

Requirements:

  • Minimum of 3 years procurement experience or related.
  • Strong analytical and problem-solving skills, with the ability to analyze spend data, identify opportunities for improvement, and implement solutions.
  • Excellent communication and influencing skills, with the ability to negotiate effectively with suppliers and internally to achieve consensus among diverse stakeholders.
  • Understanding of TUPE regulations and their implications for procurement and outsourcing decisions.
  • Ability to manage multiple complex sourcing projects simultaneously, prioritizing effectively and communicating with stakeholders.
  • Experience of delivering cost savings and improving operational efficiency through executing effective procurement strategies and supplier management.
  • Experience collaborating cross-functionally with other departments, such as legal, finance, and business stakeholders, to align procurement objectives with business and wider company goals.

Qualifications:

  • Degree-level education in a relevant field or equivalent experience.
  • Professional certification, e.g., CIPS, desired but not required, or other evidence of continued professional growth.

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