Professional Services Procurement - Sourcing Manager

LegalAndGeneral; London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A prominent financial services provider in London is seeking an experienced Sourcing Manager to manage procurement for Professional Services. The role involves collaboration with stakeholders, strategic sourcing, and contract negotiations, aiming to drive performance and value while ensuring compliance. Competitive base salary and a robust benefits package are offered, promoting a flexible working environment that prioritizes employee well-being.

Benefits

Annual performance-related bonus plan

Generous pension contribution

Life assurance

Private medical insurance

At least 25 days holiday

Electric car scheme

Discounts at various retailers

Qualifications

• In-depth knowledge of Professional Services categories and sourcing execution.
• Understanding of spend categories and regulatory landscape.
• Ability to execute strategic sourcing.

Responsibilities

• Manage Professional Services procurement engagements.
• Lead sourcing activities and contract negotiations.
• Collaborate with senior stakeholders on procurement initiatives.
• Support contract adherence and savings realization.
• Identify opportunities to improve supply performance.

Skills

Knowledge of Professional Services categories

Contracting principles

Strategic sourcing techniques

Adaptability and willingness to learn

Tools

RFI and RFP processes

Spend analytics

e-RFQ tools

Job description

Overview

We're recruiting for a Sourcing Manager with knowledge and experience of Professional Services. We're offering a competitive base salary and a strong benefits package.

Our Group Procurement team launched a 3-year transformation strategy in 2023 and secured investment in people and systems to deliver the vision of creating a Procurement Centre of Excellence for Legal and General.

We are embedding category management and innovative sourcing strategies and partnering with stakeholders to become a strategic enabler for the business.

The Professional Services team is a key component of the transformation activity taking place across L&G. We are looking for a Sourcing Manager to join our team, who brings experience and knowledge, who can work flexibly, and who prioritise engagement and collaboration with our L&G colleagues to ensure great business partnering and to deliver the best outcomes.

A typical working week is two days in an office (Hove or London) and three days at home, with occasional travel to our office in Cardiff and supplier sites.

Responsibilities

• Managing Professional Services procurement/sourcing engagements across Advisory & Consultancy, Change, Digital and Tech Consultancy, Finance and Risk categories
• Lead and conduct Professional Services sourcing activities and negotiations for renewals, in-life negotiations and new supplier engagements ensuring relevant control and governance requirements are met, as demand dictates
• Collaborating with senior stakeholders and cross-functional teams to drive strategic procurement initiatives
• Support monitoring of adherence to established contracts and realisation of savings, collaborating with contract management and supplier relationship management (SRM) teams as required
• Actively identify and lead opportunities to drive value and improve performance of potential supply base while seeking to reduce cost and risk and improve performance and value.
• Supporting the development and implementation of procurement strategies
• Ensuring all contracting and commitment to spend is undertaken and governed in accordance with compliance with procurement policies and procedures
• Contributing to the continuous improvement of procurement processes and tools
• Providing guidance and support to junior team members
• Participating in the transformation and optimisation of supply spend

Qualifications

• An in-depth knowledge of Professional Services categories and either category management or sourcing execution and using procurement technology
• A good knowledge of contracting principles and associated legal frameworks, understanding of spend categories, financial models, regulatory landscape, and impact on commercial agreements. A working knowledge of Master Services Agreements is essential
• A solid knowledge of tools and techniques to execute strategic sourcing (e.g., RFI and RFP processes, spend analytics, e-RFQ tools, etc.)
• Someone who adaptable, with a willingness to learn, and a drive for continuous improvement

Benefits

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Private medical insurance (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years' service. There's also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice
• There are the many discounts we offer - both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

Additional Information

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you'll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

Videos To Watch (removed: links not allowed in final description)