Head of Procurement

Just Group plc; London; On-site; GBP 70,000 - 100,000; Full time

Job summary

A leading company in the financial services sector is seeking a Head of Procurement to lead their central Procurement function. The role involves managing sourcing processes, optimizing supplier performance, and engaging with stakeholders to enhance procurement value. The successful candidate will possess extensive experience in procurement management and strong analytical skills, ensuring effective leadership and strategic direction for the procurement team.

Benefits

Competitive Salary

Pension Scheme

Life Assurance

25 Days Annual Leave

Private Medical Cover

Income Protection

Generous Bonus Scheme

Career Progression Opportunities

Access to Headspace App

Employee Assistance Helpline

Qualifications

• Extensive previous experience in a Purchasing/Procurement management role.
• Proven track record of improving supplier and service provider performance.
• Comfort in making key decisions in a fast-paced environment.

Responsibilities

• Oversee formal sourcing processes and risk assessments.
• Negotiate optimized commercial terms for contracts.
• Lead and develop the Procurement team.

Skills

Analytical skills

Problem-solving

Leadership

Stakeholder management

Commercial awareness

Tools

Oracle

Job description

We are looking for a Head of Procurement to lead the central Procurement function supporting the purchasing activity of the business. Leadership includes optimising the performance and value added by the team and also promoting the Procurement ‘brand’ to ensure business stakeholders understand the value of engaging with the function.

This includes managing formal sourcing, onboarding and contract renewal processes, and assessing value for money from third party products and services and provoking action to optimise this value. The role will also lead the Category Managers to support the Third Risk Party Management team to minimise supplier-related risks and uphold regulatory standards.

Responsibilities

Sourcing: Oversee the operation of formal sourcing processes and controls incorporating appropriate RFI, RFQ and RFP stages as well as risk assessment in line with SS2/21 regulatory processes

Contracting and onboarding: Work closely with Legal to negotiate optimised commercial terms for third party contracts as well as ensuring that third party risks and performance are managed where appropriate via contract terms.

Insight and analysis: Use spend analysis to support cost optimisation

Optimisation of group-wide arrangements: Identify third parties for which there are multiple touch-points across the Group and optimise terms and business interactions where their opportunities to make these more efficient and cost effective.

Team leadership: Lead and develop the Procurement team establishing clearly defined roles, responsibilities and ways for working. Establish category strategies where appropriate to optimise the impact of the team.

Stakeholder management: Engage with a wide range of stakeholders to support their purchasing decisions, including understanding the business context for purchasing activity, and navigating a de-centralised Supplier Relationship Management governance structure to support supplier relationships managed by the business.

Governance and risk management: Ensure Procurement practice is in line with the Group Procurement and Outsourcing Manual (“GPOM”) and the Outsourcing and Third Party Company Policy.

Continuous improvement of the sourcing and supplier onboarding processes

Strong business knowledge: Maintain strong business understanding including key strategic priorities and markets in which the business operates. Just Group is changing and evolving at a fast pace, so there will be need to keep abreast of the changing landscape and shape of activity

Review of wider purchasing operating model: Ensure that the Purchase Ledger and Accounts Payable teams’ processes support the wider objective to optimise value for money in our spend through efficient processes and controls that complement the wider Procurement strategy

Skills & Experience

Extensive previous experience in a Purchasing/Procurement management role

Proven track record of improving supplier and service provider performance

Methodical, data driven, detail-oriented and highly organised

Commercially aware with strong analytical skills and a problem-solving attitude

Comfort in making key decisions in a fast paced and fluid business environment

Able to seamlessly transition from the day to day hands-on and tactical to the strategic

Displays the confidence and ability to communicate with and challenge all levels of staff and management, including Executives.

Ability to question and improve process

Ability to learn quickly and apply initiative

Operating within FCA and/or PRA-regulated environments would be an advantage

Knowledge of Oracle would be an advantage but not essential.

Company Benefits

A Competitive Salary, Pension Scheme and Life Assurance

Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday

Private Medical Cover and Income Protection, just in case

A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets

Opportunity to progress within your career both in-role and within the company

FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)

A variety of Employee Funded Benefits available to you via our Online Benefits Portal

Plus, several additional purchase options available for you and your loved ones