Procurement Specialist - Technology

Phoenix Group; City Of London; Hybrid; GBP 50,000 - 55,000; Full time

Job summary

A leading financial services company is looking for a professional to identify and acquire technology solutions. The role involves developing sourcing strategies, managing supplier relationships, and ensuring alignment with company standards. Applicants should possess strong negotiating skills and a background in financial services regulation. Competitive salary and a range of benefits offered.

Benefits

Private medical cover

38 days annual leave

Competitive salary

Bonus up to 32%

Excellent pension

Qualifications

• Good negotiating skills with the ability to influence and communicate effectively.
• Analytical and problem-solving skills with a data-driven approach.
• Some knowledge of the Technology market and contracting models.

Responsibilities

• Develop and implement sourcing strategies for Technology categories.
• Research, assess, and manage relationships with technology suppliers.
• Negotiate contracts and manage supplier performance.
• Implement cost optimization strategies.
• Identify and mitigate risks associated with sourcing activities.
• Collaborate with internal stakeholders for strategic guidance.

Skills

Negotiation skills

Analytical skills

Inquisitive mindset

Knowledge of financial services regulation

Tools

Procurement tools

Job description

Job Description

Job Type: Permanent

Location: Edinburgh, Birmingham or London

Flexible working: All of our roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process. You can read more about Phoenix Flex here.

Closing Date: 18th November

Salary and benefits: £50,000 - £55,000 plus 16% bonus up to 32%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more

Recruiter: Tim Singh

The role

The role holder will be responsible for identifying, evaluating, and acquiring technology solutions or services from external third parties. They will be involved in researching market trends, negotiating contracts, managing third-party relationships, and ensuring the selected technology solution aligns with company standards and objectives.

Key responsibilities

• Category strategy development: develop and implement sourcing strategies and plans for Technology Categories, sub-categories, and commodities.
• Supplier selection and management: research the supply market to identify, assess and commercially manage end-to-end relationships with Technology suppliers to ensure the delivery of high-quality services and products at competitive pricing.
• Sourcing and negotiation: lead, or support, the sourcing process for Technology solutions – negotiate contracts and manage supplier performance to achieve cost savings and mitigate risks.
• Deliver and embed cost savings: implement cost optimisation strategies including demand management, volume consolidation, and process efficiencies to drive savings and improve profitability.
• Risk Management: proactively identify and mitigate risks associated with sourcing activities, including managing regulatory contract changes, ESG standards, supplier risks, contract risks and ensuring business continuity.
• Cross-functional collaboration: collaborate with internal stakeholders, including Finance, Legal, Risk, and Business Unit Executives to understand their needs and requirements and provide strategic guidance and support.
• Continuous improvement: drive continuous improvement initiatives with the Centre of Excellence team, ensuring that procurement and third-party management best practices and technology are adopted to enhance the efficiency and effectiveness of Commercial Partnerships.

What are we looking for?

• Good negotiating skills with the ability to influence and communicate effectively with internal and external stakeholders.
• Analytical and problem-solving skills with a data-driven approach to decision-making.
• Some knowledge of the Technology market and an inquisitive mind.
• Some working knowledge of contracting models, commercial terms and conditions and the confidence to negotiate them.
• Working knowledge of financial services regulation.
• Experience working with procurement tools and systems.
• We want to hire the whole version of you.

We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best. We’re reviewing applications as they come in, so apply early to avoid missing out.

Find out more about #LifeAtPhoenix

• Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
• Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us

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