Procurement Manager - Lorien : Job Details

Procurement Manager

Our leading Financial Services client is looking for skilled Procurement Manager to join their team for a 3 months initial contract based in either their Edinburgh, Wythall or Telford office - an office presence is required.

The Role

The role holder plays a critical role in managing the end-to-end sourcing and supplier management of client facing, financial services and marketing products and services developing strategies to increase profitability and ensuring a competitive market position. They will be responsible for end-to-end sourcing activities including supplier selection, supplier negotiation, developing and maintaining category strategies and plans, supplier and commercial management, category analysis and cross functional team leadership aiming to meet or exceed financial targets.

Key Skills

• Strong negotiating skills with the ability to influence and communicate effectively with internal and external stakeholders.
• Excellent analytical and problem-solving skills with a data driven approach to decision-making.
• Detailed knowledge of the financial services and marketing market and both established service providers and disruptors.
• Current working knowledge of contracting models.
• Knowledge of financial services products and regulation.

Key Responsibilities

• Category Strategy Development: Develop and implement strategic procurement plans aligned with category objectives and organisational goals.
• Supplier selection and management: identify, assess, and commercially manage end to end relationships with Tier 1, Tier 2 and other material suppliers to ensure the delivery of high-quality services and products at competitive pricing.
• Sourcing and Negotiation: Lead the sourcing process for a significant sourcing exercise - negotiate contracts and manage supplier performance to achieve cost savings and mitigate risks.
• Cost optimisation: Implement cost optimisation strategies including, but not limited to, demand management, volume consolidation, and process efficiencies to drive savings and improve profitability.
• Risk Management: Proactively identify and mitigate risks associated with sourcing activities, including managing regulatory contractual change, ESG standards, supplier risks, contract risks and ensure business continuity.
• Cross functional collaboration: Collaborate with internal stakeholders, including Finance, Legal, Risk, and Business Unit Executives to understand their needs and requirements and provide strategic guidance and support.
• Continuous Improvement: Drive continuous improvement initiatives with the Centre of Excellence team ensuring that procurement and third-party management best practices and Financial Services and Marketing is adopted to enhance the efficiency and effectiveness of Commercial Partnerships.
• Performance Measurement: Establish key performance indicators (KPIs) and metrics and monitor the performance of the team, track savings and identify areas for improvement.

If this seems of interest, please submit your CV.

LorienLandPjobs

Carbon60, Lorien & SRG - The Impellam Group STEM Portfolio are acting as an Employment Business in relation to this vacancy.