Group Procurement Advisor

LLOYD'S REGISTER INTERNATIONAL; Gloucester; Hybrid; GBP 42,000 - 62,000; Full time

Benefits offered by this job

Hybrid working

Group Pension - up to 12% employer

Bonus scheme 6–24%

25 days leave + holidays

Private healthcare

Income protection

Life assurance

Charity grant £200

Volunteer day

Employee Assistance Programme

Study support

Virtual GP

Enhanced maternity/paternity pay

Job summary

Benefact Group in Gloucester is seeking a Group Procurement Advisor for a 12-month fixed-term contract. The role focuses on managing supplier relationships, ensuring value and governance, and mitigating third-party risk within a hybrid working model.

The successful candidate will support sourcing, tendering, and due diligence, while coordinating with stakeholders across the business to maintain contract records and compliance with regulatory requirements.

Qualifications

• Knowledge of PRA SS2/21 Material Outsourcing and Third-Party Risk Management, PRA SS1/21 Operational Resilience, FCA Rulebook, EIOPA DORA, and EBA outsourcing guidance.
• Strong negotiation skills with suppliers.
• Experience identifying risks and performing due diligence to mitigate them.
• Ability to manage stakeholders at all levels and provide constructive challenge.
• Experience assessing financial state from records such as credit ratings, reports and accounts.

Responsibilities

• Support sourcing and selection of suppliers, including tendering, contract development and due diligence.
• Manage supplier relationships and contract records throughout the contract lifecycle.
• Assess and monitor supplier risks including contract criticality and financial stability.
• Address procurement framework compliance gaps and regulatory requirements.
• Support Procure-to-Pay processes and ensure purchasing aligns with company policies.

Skills

Regulatory knowledge

Negotiation skills

Risk assessment

Stakeholder management

Financial analysis

Job description

Group Procurement Advisor

We are looking for a Group Procurement Advisor to join our Gloucester office on a 12 Month Fixed-Term Contract. Competitive salary, excellent benefits and hybrid working.

Working hours: 35 hours per week, Monday to Friday

Duration: 12 Month Fixed-Term Contract

Location:Gloucester

Job Ref:205369

About the role

Benefact Group are looking for a Group Procurement Advisor to join our Gloucester office on a 12 Month Fixed-Term Contract.

This role supports the management of Group’s suppliers, helping to ensure contracts and supplier relationships deliver value, effective service and positive commercial outcomes, while maintaining a strong focus on third-party risk. Working closely with stakeholders across the business, you’ll support supplier performance management and help maintain effective contract governance and supplier risk management practices.

Why join us?

Join a collaborative and inclusive culture that’s committed to making a difference and building a more sustainable future. Ranked amongst the UK’s 15 Best Big Companies to Work For in 2025, we offer fantastic career and development opportunities within a rapidly growing, innovative Group - where all profits go to charity and good causes.

What you'll be doing

• Support the sourcing and selection of suppliers, including tendering, contract development, and due diligence, ensuring compliance with procurement policies, governance requirements and relevant regulations.
• Manage supplier relationships and contract records throughout the contract lifecycle, ensuring contracts are accurately maintained and supplier performance is monitored against agreed commitments.
• Assess and monitor supplier risks, including contract criticality, financial stability, business continuity arrangements, and compliance with governance requirements.
• Procurement Framework compliance gaps, supporting the business with resolution of compliance gaps against regulation for our most critical arrangements.
• Support the Procure-to-Pay process,by providing guidance, resolving queries and helping ensure purchasing activities are completed efficiently and in line with company policies.

What you'll need to have

• Understand and have knowledge in the various regulations required for critical / important contracts, including PRA SS2/21 Material Outsourcing and Third-Party Risk Mgt, PRA SS1/21 Operational Resilience, FCA Rulebook, EIOPA DORA, CBI Guidance on Outsourcing and EBA Outsourcing to Cloud.

• Effective negotiation skills utilised with suppliers.

• Proven ability to identify risks to the group and in-depth knowledge of the due diligence process in order to mitigate these.

• Confident in managing stakeholders at all levels and providing appropriate challenge.

• Experience of assessing the financial state of organisations by reference to published records such as credit rating and report and accounts along with other sources of information such as site visits, industry trends and market data.

What makes you stand out

• Financial services experience preferred

• Understanding of due diligence and third-party risk assessment principles

What we offer

• A competitive salary - let's discuss it

• Hybrid working

• Group Personal Pension - up to 12% employer contribution

• Generous annual bonus scheme: on-target bonus between 6% and 24%

• 25 days annual leave plus bank holidays, and a holiday buy and sell scheme

• An array of health and wellbeing benefits, including private healthcare, income protection and life assurance

• £200 annual personal grant to a charity of your choice

• Encouraged to take at least one volunteering day per year

• Employee Assistance Programme

• Full study support to gain professional qualifications

• Access to virtual GP

• Enhanced maternity and paternity pay

Hear from the hiring manager

"This is a great opportunity to join the Group Procurement team as maternity cover for 12 months as we are setting out our responsibilities and objectives across the Group, alongside adopting a new Finance platform. There is lots of opportunity to learn in the role."

About us

Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and have been the 3rd largest UK corporate donor over a decade*, having given away £250 million since 2014. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size.

We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better.

At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We are a community made up of people with a range of different backgrounds, abilities, perspectives, beliefs and interests and we value the strength this brings to us as a Group. We welcome applications from everyone.
If you need any additional support during the recruitment process, then please let us know.

*Directory of Social Change’s UK Guides to Company Giving 2017-26