Procurement and Third-Party Management Lead – Milton Keynes
About MIB: Last year we helped more than 34,000 people struck by uninsured and hit‑and-run drivers and paid over £400 million in compensation to support victims rebuild their lives. Deliver first‑class Procurement services to assigned business areas that meet the needs of MIB.
Reports to: Matt Pate, Head of Growth.
Location: Hybrid – Harpenden HQ (2 days per week) + remote; occasional site visits to gyms for research.
Job Type: Permanent – £320 k before tax with start‑up allowance; Hybrid working (2 days in the office per week) from our Milton Keynes office, MK14.
Benefits include: contributory group stakeholder personal pension scheme, life assurance, 2x days holiday (plus public holidays), holiday purchase scheme, 24/7 Employee Assistance Programme, free access to online tools to support mental and physical health, enhanced maternity, paternity and adoption leave.
Responsibilities
- Produce accurate budgets, forecasts and supplier spend analysis.
- Support development and maintenance of an external network of Procurement and Third‑Party Management contacts to develop category expertise, drive market insight and bring technical/industry subject‑matter expertise back into MIB.
- Identify and implement process and system enhancements to drive procurement maturity and continuous improvement.
- Support assigned business areas to manage their third parties – particularly critical and high‑risk third parties – in line with the TPRM framework.
- Lead the implementation and ongoing operation of the TPRM framework, providing a comprehensive approach to managing risk and driving value.
- Support the development and delivery of a procurement and third‑party management policy framework, ensuring documentation is reviewed and updated as required.
- Develop and deliver TPRM training materials, workshops and training sessions across the business.
- Partner with TPAEs and TPROs to define a collaborative approach to sourcing and ongoing third‑party management for assigned business areas.
- Lead end‑to‑end procurement activity for assigned business areas, including sourcing approach, pre‑qualification, tender, negotiation, preparation of contract, due diligence, onboarding, renewals and off‑boarding.
- Work collaboratively with Legal to ensure contractual documentation contains adequate commercial structure, required clauses for legal and regulatory compliance, and third‑party performance criteria to drive delivery aligned to business needs.
- Provide third‑party management support to TPROs and TPAEs in line with the TPRM framework, including lighter‑touch support for medium and low‑risk engagements and full support for critical and high‑risk third parties.
- Conduct supplier introductory meetings and performance reviews, monitor supplier performance against KPIs and SLAs, identify improvement areas, address performance issues, resolve supplier issues, and plan performance recovery and exit activities.
- Contribute to cost reductions, efficiencies and value opportunities through procurement and third‑party management activities.
- Provide procurement and third‑party management SME inputs, strategic commercial advice and challenge at a senior leadership level.
- Provide peer‑to‑peer guidance, challenge and support to the central team in their delivery of procurement services.
- Work with finance business partners to align procurement activities with financial objectives.
Qualifications
- Procurement and third‑party management experience in a fast‑paced organisation.
- Sector experience of insurance and/or financial services is highly desirable.
- Strong influencing and stakeholder management skills, with a proven ability to build constructive relationships with suppliers and enforce contractual obligations.
- Proven negotiation skills to deliver results, enforce contractual obligations, and achieve cost savings and improvements.
- Excellent influencing skills and the gravitas to establish trust and confidence of senior stakeholders, procurement and third‑party management lead.
Additional Information
Last year we helped more than 34,000 people struck by uninsured and hit‑and‑run drivers and paid over £400 million in compensation to support victims rebuild their lives.