Procurement Manager- 8 month FTC

London, England, United Kingdom

11/29/2024

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 Chief Procurement Officer in delivery of agreed objectives in line with the procurement strategy, providing a commercial procurement category management function for all Indirect procurement across all spend categories with external suppliers.

Principal Accountabilities

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

Development and implementation of the procurement category strategy and agreed with the CPO and internal customer departments

Deliver the procurement category strategy including sourcing activities which generate benefits and achieve financial savings targets through insight and analysis of category and sub categories areas, including:

Analysis of procurement spend and supply base to establish suppliers per procurement category and sub category

Analysis of supply markets to identify potential suppliers and market trends

Identification of internal and external cost drivers in the categories

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 user departments

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
• Ensure that the Corporation Corporate Sustainability policy is invoked within the entire Procurement process for the procurement category and sub categories
  
  
  

Skills

• Excellent analytical skills
• Excellent interpersonal skills
• Good influencing skills at senior levels to influence acceptance of a new way of working
• Project Management skills
• Excellent negotiating and influencing skills, at all levels, are essential.
• Good IT skills to include wide experience of word documents, Excel spreadsheets (including pivot tables and charts) and PowerPoint
• Excellent planning and organisational skills
  
  
  

Experience

• Demonstrable record of building and implementing strategy and change (ability to make things happen, mobilise and motivate)
• Significant Business partnering and Sourcing experience
• Management of third parties
  
  
  

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