Commercial Manager (12 month fixed term)

ENGINEERINGUK; Stirling; On-site; GBP 50,000 - 80,000; Full time

Job summary

An established industry player seeks a Commercial Manager to lead procurement strategies and drive efficiencies in a dynamic environment. This role involves managing supplier relationships, aligning supply chains with business strategies, and delivering procurement projects that generate savings. The ideal candidate will possess strong analytical skills and excellent communication abilities to engage stakeholders effectively. Join a forward-thinking team committed to innovation and continuous improvement in procurement practices, where your contributions will directly impact the organization's success.

Qualifications

• Experience in financial services or services-based procurement functions.
• Strong analytical skills to identify trends and insights.

Responsibilities

• Developing and delivering procurement strategies for indirect spend.
• Managing supplier relationships during procurement projects.

Skills

Strategic Procurement

Category Management

Analytical Skills

Stakeholder Engagement

Contract Negotiation

Financial Risk Management

Education

MCIPS

MBA

Job description

You will need to login before you can apply for a job.

Commercial Manager (12 month fixed term)

View more categories View less categories Sector Banking and Financial Services Role Manager Contract Type Permanent Hours Full Time

At M&G, our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life, and Wealth. All three segments work together to deliver attractive financial outcomes for our clients and superior shareholder returns.

Through our behaviors of telling it like it is, owning it now, and moving it forward together with care and integrity, we are creating an exceptional place to work for exceptional talent.

We consider flexible working arrangements and offer workplace accommodations to support effective delivery in your role.

The role:

The Procurement function's purpose is to balance opportunity, risk, and responsibility to drive better business outcomes through the third-party supply chain. The Director of Procurement reports to the Director of Finance Transformation, Operations, and Data within the Finance function. The aim is to protect the business against commercial, operational, and regulatory risks while delivering value for money for business budget holders.

The role holder will work closely with the Senior Procurement Manager to ensure a cohesive partnership with Business Leaders within specific Business Units.

The Procurement team focuses on:

1. Leading and driving third-party engagements supporting business units, building partnerships, executing contracts, and optimizing costs and innovation.
2. Providing Business Partnering Services for procurement activities, improving engagement, and delivering savings and value through third-party solutions.

Building relationships across the organization is key to establishing the operating model and procurement best practices. These relationships, combined with commercial insights, will help drive improvements and achieve procurement excellence.

Key Responsibilities:

• Developing and delivering procurement strategies for indirect spend, driving efficiencies and savings.
• Providing excellent procurement services to internal stakeholders.
• Managing supplier relationships during procurement projects.
• Aligning supply chains with business strategies.
• Delivering procurement projects that generate efficiencies and savings.
• Monitoring market trends to deliver value and innovative solutions.
• Building strong relationships with central teams such as IT Security, Legal, and Financial Crime.
• Driving continuous improvement within the procurement team and function.

You will have:

• Knowledge of strategic procurement, category management, financial risks, and the indirect supply chain.
• Strong analytical skills to identify trends and insights.
• Excellent communication skills for engaging stakeholders at all levels.
• Knowledge of procurement best practices and external networks.
• Understanding of the UK indirect supplier market.
• Experience analyzing complex data to support decision-making.
• Experience negotiating and drafting commercial contracts, delivering savings.
• Ability to influence stakeholders and manage priorities in a fast-paced environment.
• Experience working in a matrix or virtual team environment.
• Experience in financial services or services-based procurement functions.

Desirable:

• Knowledge of financial services regulations relevant to the UK.
• Professional qualifications such as MCIPS or an MBA.

Work Level: Experienced Colleague

Recruiter: Matt Campbell

Close Date: 8th May 2025

We value diversity and inclusion at M&G plc. We welcome applications from candidates of all backgrounds, including those with disabilities, long-term health conditions, or neurodivergent conditions. We are a Disability Confident Leader, and candidates meeting minimum criteria will be offered an interview if they opt in when applying.

If you need assistance or alternative application methods due to a disability or additional needs, contact us at: [e-mail]

Company

Learn more about this company

Visit our hub to learn about our values, culture, and latest jobs.

Create a job alert and receive personalized job recommendations directly to your inbox.