Strategic Sourcing & Vendor Manager

SiriusPoint Ltd.; United Kingdom; On-site; GBP 70,000 - 100,000; Full time

Job summary

A leading global insurance underwriter seeks a Senior Strategic Sourcing and Vendor Manager in London. The role focuses on optimizing vendor management and procurement processes, enhancing vendor relationships, and ensuring compliance. Ideal candidates have significant vendor management experience and strong project management skills in a technology-driven environment.

Qualifications

• Minimum 5 years of experience in vendor management.
• 5+ years in project/asset management is desirable.
• Proven ability to establish KPIs and negotiate effectively.

Responsibilities

• Develop procurement and vendor management strategies.
• Manage vendor relationships and communication processes.
• Conduct vendor risk assessments and due diligence.

Skills

Vendor management

Project management

Procurement

Negotiation

Organizational skills

Job description

Senior Strategic Sourcing and Vendor Manager

Location: London, UK

About SiriusPoint

SiriusPoint is a global underwriter of insurance and reinsurance. We utilize deep risk capabilities to protect our customers and provide intelligent risk solutions to clients and brokers around the world. Headquartered in Bermuda and listed on the New York Stock Exchange (SPNT), we operate as ‘One SiriusPoint’, underwriting risks across four areas: International Insurance, North American Insurance, Global Accident and Health, and Global Reinsurance.

Our underwriting hubs are located in Bermuda, Liege, London, New York, Zurich, and Stockholm. We hold licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally.

Join Our Team

You will contribute to the development of a recently established procurement and vendor management function, including strategy, policy, systems, and processes to optimize spend and mitigate risk, maximizing value from all vendors.

• Understand vendor spending by category, cost center, region, and vendor.
• Classify, rationalize, and optimize the vendor portfolio, focusing on managing the most strategic vendors.
• Create contract, performance, relationship, and risk management procedures.
• Ensure clear metrics across all key performance indicators (KPIs) for strong performance management.
• Identify and execute value opportunities with key vendor relationships.
• Analyze vendor delivery issues and help resolve disputes.
• Manage communication processes with vendors.

Vendor Risk Management

• Conduct due diligence on vendors to confirm financial viability, business continuity, and compliance.
• Assess and report on vendor risk levels based on financial, skills, tools, and third-party use.
• Establish a matrixed Global Operating Model for Vendor management.

Your Skills and Abilities

• Minimum 5 years of experience in vendor management, including third-party vendors, sourcing, and commercial expertise.
• 5+ years in project/asset management, procurement, and vendor relations in a technology environment are desirable.
• Proven ability to establish and adjust KPIs based on geopolitical changes.
• Strong organizational, execution, and negotiation skills.
• Ability to understand operations economics and cost drivers.
• ITIL experience is preferred but not required.

Our Values

We value diversity, equity, inclusion, and belonging (DEI&B) as essential to our success. We strive to create an environment where everyone feels included, valued, respected, and supported to reach their full potential.