Procurement and Vendor Manager

Pacific Life Re; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Pacific Life Re is seeking a dynamic Procurement and Vendor Manager to join their Global Technology Services team in London. This exciting role focuses on managing vendor relationships, ensuring compliance and cost-efficiency, negotiating contracts, and driving operational improvements. Join a company that values individual contributions and promotes a healthy work-life balance with a range of employee benefits.

Benefits

Stakeholder Pension Scheme

Life Assurance

Subsidised Gym Membership

Private Medical Insurance

Season Ticket Loan

Eye Care

Employee Assistance Programme

Group Income Protection

Wellness Benefits

Qualifications

• 8+ years in contract and vendor management, preferably in financial services.
• Strong knowledge in vendor life-cycle management and negotiation.
• Excellent communication and problem-solving skills.

Responsibilities

• Oversee end-to-end procurement process from requisition to payment.
• Manage vendor contracts, ensuring compliance to company policies.
• Monitor vendor performance against SLAs and conduct reviews.

Skills

Analytical Skills

Problem Solving

Stakeholder Management

Communication

Attention to Detail

Education

Contract related certification (IACCM and/or CIPS)

Job description

Job Title

Procurement and Vendor Manager

Job Description

The Role

We are currently seeking to recruit a Procurement and Vendor Manager to join our Global Technology Services (GTS) team in London.

This is an exciting role for someone with drive and enthusiasm to involve in commercial management of the projects and monitoring third party performance. The Procurement and Vendor Manager is responsible for managing contracts and relationships with third party vendors to ensure compliance, cost efficiency and alignment to the business objectives. This role involves negotiating contracts, monitoring vendor performance and mitigating risks.

Key responsibilities:

• Oversee the end-to-end procurement process, from requisition to payment
• Develop, issue and manage Requests for Proposal (RFPs)
• Develop, review, negotiate and manage vendor contracts in accordance with company policies
• Ensure contract terms align with business objectives and mitigate risks effectively
• Work closely with business teams to understand the appropriate terms and conditions of contracts
• Ensure that contract requirements are resolved in appropriate timeframes
• Collaborate effectively with legal, risk and finance teams to ensure compliance to company policy and procedures
• Continuous review and monitoring of contract changes and identify gaps and improvement opportunities
• Monitor vendor performance against SLAs and KPIs
• Conduct regular vendor reviews to ensure adherence to contract terms and company guidelines
• Build strong relationships with vendors to enhance service quality, cost effectiveness and continuous improvement
• Drive process improvements to enhance operational efficiencies and reduce vendor related risks
• Undertake other responsibilities as required for the proper performance of the role

Skills/Experience

Essential

• 8+ years of experience in contract and vendor management, preferably within the financial services sector
• Strong knowledge and experience in contract and vendor life-cycle management, contract negotiation and managing vendor relationships
• Excellent analytical, problem solving and decision-making skills
• Strong communication and stakeholder management abilities
• Exceptional attention to detail

Desirable

• Experience of specific re-insurance industry would be desirable but other industries would be considered.
• Contract related certification preferred – IACCM and/or CIPS

Personal Characteristics

• Collaborates well with all levels of management and employees
• Good Communicator – succinctly communicates product vision to all stakeholders in a compelling and effective way
• Data Driven – values evidence, research and customer feedback
• Decisive – makes effective customer centric decisions
• Flexible – adapts and thrives under change and ambiguity in an independent and flat structure.
• Excellent internal customer service and communication skills.
• Ability to understand and communicate data design and patterns to non-technical audiences.
• Ability to work in a fast-paced environment with multiple priorities.
• Ability to produce accurate work under pressure with frequent deadlines.
• Demonstrate critical thinking and analytical skills with attention to detail.
• Excellent problem-solving skills, with the ability to work independently and collaborating with others.
• Ability to exercise confidentiality and professionalism in the performance of duties.

Working For Pacific Life Re

Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.

Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.

Benefits (Only for Permanent and Fixed Term Employees)

• Stakeholder Pension Scheme

• Life Assurance

• Subsidised Gym Membership

• Private Medical Insurance

• Season Ticket Loan

• Eye Care

• Employee Assistance Programme

• Group Income Protection

• Wellness Benefits

As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.

Pacific Life Re Principles and Behaviours

Please click here to view our company principles and behaviours