Senior Procurement Manager- 8 month FTC

London, England, United Kingdom

12/11/2024

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.

The Role

To support the Head of Procurement Delivery in achieving agreed objectives in line with the procurement strategy, providing a commercial procurement category management function for all spend categories with external suppliers.

Principal Accountabilities

• Developing a category strategy and a rolling programme of areas to be addressed within the procurement category

• Lead complex sourcing activities which generate benefits and achieve financial savings targets through insight and analysis of category and sub categories areas
• Development of savings opportunities and benchmarking of industry standards and practices to identify quick win opportunities.
• Preparation of pre tender and tender documents in conjunction with key stakeholders
• Use leading practice procurement tools to develop and implement the sourcing strategies including:
• Supply market positioning
• Supply base profiles
• Supplier assessment
• Supplier financial analysis
• Request For Information (RFI), Request For Proposal (RFP),
• Request for Quotation (RFQ)
• Service level agreements
• e Auctions
• Summary of quotations
• Cost analysis
• Objective decision making
• Negotiate contractual agreements with suppliers to ensure that service, quality, added value, total cost, security of supply and the deployment of the suppliers capabilities in innovation are secured
• Manage and develop supplier relationships and ongoing negotiations, for the procurement category and sub categories
• Negotiation of complex contracts within a regulatory environment
  
  

Skills

• Understanding of commercial models and complex commercial structures
• Negotiating and influencing skills, at all levels
• IT skills to include wide experience of word documents, Excel spreadsheets (including pivot tables and charts) and PowerPoint
• Understanding of direct and indirect categories
• Sourcing and supplier relationship management skills
  
  
  

Experience

• Experience of savings delivery/savings transformation programmes
• Experience in building and implementing strategy and change (ability to make things happen, mobilise and motivate)
• Experience in negotiation of contracts and agreements with suppliers with a clear view of regulatory expectations
• Savings delivery and running complex sourcing activities
  
  
  

Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.

We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility.  Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc).  These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.

By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.

Should you require any additional support with your application, or any adjustments, please click the following link;

https://cleartalents.com/apply/lloyds-msa1645695881

Please note, clicking on this link does not register your application for the vacancy