Procurement Manager

Canada Life Limited; City of Westminster; On-site; GBP 60,000 - 80,000; Full time

Job summary

A well-known financial services company is seeking a Procurement Manager to lead supplier management and strategy. This role involves engaging with business leaders, negotiating Intragroup Agreements (IGAs), driving innovation, and managing supplier risks. The ideal candidate will have strong experience in procurement, excellent negotiation skills, and advanced capabilities in MS Excel. This position supports both local and global procurement strategies while ensuring compliance with contractual obligations. Join a dynamic team to contribute to effective supplier management.

Qualifications

• Experience in financial services and knowledge of the regulatory environment.
• Strong presentation skills for engaging stakeholders.
• Proven experience in procurement in a similar role.

Responsibilities

• Engage with the business to support strategy through supplier management.
• Lead commercial discussions for Intragroup Agreements (IGAs).
• Support business leaders and contract owners in executing deals.
• Drive innovation and commercial value.
• Collaborate with global procurement teams.
• Assess supplier risks at the point of contract.
• Ensure procurement methodology and data integrity.
• Manage governance contract actions and ensure timely closures.

Skills

Strategic agility

Senior level negotiation skills

Strong written and verbal communication

Business planning skills

Knowledge of contract law

Advanced user of MS Excel

Education

Educated to degree level or equivalent

MCIPS qualified (or studying towards)

Tools

MS Word

MS Excel

MS PowerPoint

MS Visio

Job description

Overview

The Procurement Manager will proactively engage with the business to understand and support their strategy through the sourcing and management of third-party suppliers to extract maximum value, bring innovation and mitigate supplier risk for new and existing contracts and relationships including Intragroup Agreements (IGAs).

Responsibilities

• The Procurement Manager will proactively engage with the business to understand and support their strategy through the sourcing and management of third-party suppliers to extract maximum value, bring innovation and mitigate supplier risk for new and existing contracts and relationships including Intragroup Agreements (IGAs).
• The Procurement Manager will need to be able to identify and then lead commercial discussions for the IGAs with other contracting parties and drive a culture of competitiveness and effective risk management becoming a trusted advisor to the business.
• The role will support Canada Life Business Leaders, Contract business owners for key IGAs. They will support key stakeholders in leading and executing deals according to business policy and agreed timelines and create a proactive pipeline that bring savings and value to the business. Ensuring that we receive the products and services that we have contracted for and that key suppliers are effectively managed, and contractual obligations and internal governance and risk processes are met.
• The successful candidate/s must be able to use competitor and industry knowledge to drive innovation and commercial value to Canada Life
• Lead on specific IGA knowledge in the creation and continual review of robust and forward-looking roadmap that uses the full range of demand, specification and supply levers. Plans to provide forward-looking data driven opportunities based on business needs, supply market dynamics, and technological changes in the marketplace to achieve or exceed agreed annual savings targets
• To collaborate with the global Procurement teams on Global / European agreements to ensure that the requirements of the UK business are captured in IGAs.
• Support the assessment of supplier associated risks inherent to the business at the point of contract such as taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
• Always ensuring an appropriate balance of risk with cost of control
• Ensure robust data integrity in our systems and ensure appropriate procurement methodology for each initiative and track all Pipeline activity and savings as required by procedures
• Manage any out of governance contract actions ensuring a timely closure ensuring all SRM activities are effectively delivered and reported
• Work with the business to deliver a clear handover between market sourcing to contract handover
• Strong evidence of leading category planning development, sourcing and contract management
• Excellent strategic agility, critical thinking, communication and influencing skills
• Excellent senior level negotiation skills
• Ability to think strategically as well as tactically
• Strong written and verbal communication including presentation skills for engaging stakeholders and making a robust business case for change
• Strong business planning skills, able to drive change
• Strong team player
• Good knowledge of contract law
• Advanced user of MS Word / Excel / Powerpoint / Visio - especially Excel and Powerpoint

Qualifications

• Desirable
• Financial Services experience - knowledge of the regulatory environment
• MCIPS qualified (or studying towards)
• Strong presentation skills for engaging stakeholders and making a robust business case for change, Educated to a degree level or equivalent Procurement experience in a similar role