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Job Title: IT Sourcing Specialist
Position Type: Contract – 6 months
Overview
We are seeking a highly skilled IT Sourcing Specialist to lead strategic sourcing initiatives across the information technology category. This role will be responsible for vendor selection, contract negotiations, cost optimization, and ensuring alignment with organizational IT and procurement strategies. The ideal candidate will bring deep knowledge of IT categories (software, hardware, cloud, infrastructure, services), excellent negotiation skills, and a strong ability to manage internal stakeholder relationships.
Why Tokio Marine HCC?
Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.
Key Responsibilities
- Lead end-to-end IT sourcing initiatives, including market analysis, RFP/RFI processes, vendor evaluation, and contract execution.
- Assist with the development and execution of category strategies for IT procurement, focusing on cost reduction, risk mitigation, and value generation.
- Negotiate both mid and high- spend and complexity contracts with IT vendors for the Tokio Marine International branch, as well as assist the IT Category Manager with negotiation of enterprise – level contracts (e.g., Microsoft, ServiceNow; Workday, AWS, Dell) ensuring favourable terms.
- Partner with IT, Legal and Security teams to align sourcing activities with enterprise technology goals and regulatory requirements.
- Analyse and report on spending trends, cost drivers, and savings opportunities across IT spend categories.
- Establish and manage strong vendor relationships, including performance reviews, SLAs, and renewal strategies.
- Support vendor risk management, ensuring suppliers meet SLAs, as well as cybersecurity, data privacy, and compliance standards.
Essential
Skills and Experience Specification:
- Minimum 5-7 years of IT procurement or sourcing experience, with a strong track record in enterprise-level negotiations.
- In-depth knowledge of IT categories including software licensing, SaaS, cloud infrastructure, telecom, and IT services.
- Strong commercial and analytical skills
- Strong contract knowledge and experience working with legal teams on terms and conditions.
- Exceptional negotiation, communication, and stakeholder management skills.
Desirable
- A bachelor's degree
- Procurement – related certification/training (e.g: negotiation training completed; CIPS, etc.)
- Experience in global sourcing and working with cross-functional, cross-regional teams is a plus.
