Head of Procurement

AXA Hong Kong and Macau; Hong Kong; On-site; HKD 1,200,000 - 1,800,000; Full time

Job summary

AXA Hong Kong and Macau is seeking a seasoned procurement executive to lead strategy, Sourcing and cost optimization. You will oversee supplier negotiations, drive TCO improvements, and coordinate with regional teams to ensure regulatory alignment and resilient supply chains.

The role requires 15+ years in procurement, strong leadership, and a track record of transforming processes in financial services. A strategic, data-driven mindset with excellent stakeholder skills is essential.

Qualifications

• 15+ years in procurement with leadership experience.
• Experience transforming procurement processes and reducing costs.
• Insurance or financial industry exposure is a plus.
• Proven ability to develop and execute category strategies.
• Strong integrity, diplomacy, and interpersonal skills.
• Data-driven, analytical, and able to influence stakeholders.

Responsibilities

• Develop and implement procurement strategies and policies.
• Lead sourcing, supplier selection, and negotiations for best value.
• Identify cost-saving opportunities and optimize processes.
• Improve TCO and year-on-year productivity and efficiency.
• Coordinate with Group Procurement for local execution.
• Build strong supplier partnerships and negotiate favorable terms.
• Mentor the procurement team and drive continuous improvement.
• Lead procurement transformation initiatives.
• Oversee Vendor Risk Framework and Solvency II risk management.
• Serve as executive lead for supply crisis response and business continuity.

Skills

Procurement leadership

Cost optimization

Sourcing & negotiation

Supplier relationship management

Data-driven decision making

Cross-functional collaboration

Education

Bachelor's degree

MBA or MCIPS desirable

Tools

Coupa

SAP

Oracle

Salesforce

Process Unity

Microsoft Office Suite

Job description

This position will be responsible for procurement activities and ensure we are procuring time‑to‑market and economy of scale products and services required by the organization while being compliant with all regulatory and company standards.

Key Responsibilities

• Develop and implement procurement strategies and policies in alignment with the organization’s goals and objectives.
• Lead the procurement team in sourcing, selecting, and negotiating with suppliers to ensure best value for goods and services.
• Identify cost‑saving opportunities and implement initiatives to optimize procurement processes without compromising quality or business satisfaction.
• Drive total cost of ownership (TCO) outcomes and delivery year‑on‑year productivity and efficiency, cost reduction and demand management through make or buy modeling, value engineering and digitalization or innovation.
• Liaise with Group Procurement team to maximize bargaining power and drive consistency. Support the implementation of Group agreements for local execution.
• Develop and maintain strong relationships with key suppliers to foster long‑term partnerships and secure competitive pricing and preferred terms.
• Lead, mentor, and develop the procurement team, fostering a culture of continuous improvement, collaboration and excellence.
• Support and drive procurement transformation initiatives.
• Lead and execute Vendor Risk Framework and Solvency II for geopolitical, financial, climate, reputational, security and operational risks.
• Serve as the executive lead for supply crisis response, business continuity planning, and commodity volatility management.

Sustainable And Inclusive Procurement

• Embed the organization’s carbon‑neutral and sustainability ambitions directly into the procurement strategy. Establish and monitor science‑based supplier sustainability targets, decarbonization roadmaps, and responsible sourcing program.
• Support and establish traceable tracking to support the annual reporting complying with EU regulation.

Qualifications

• Minimum of 15 years of procurement with at least 5 years in a senior leadership role.
• Bachelor’s degree preferred; MBA or advanced degree in a procurement-related field (e.g., MCIPS, CIPS) is highly desirable.
• Deep experience, expertise and proven track record in procurement processes transformation and cost optimization. Working in insurance or financial industry is a plus.
• Experience in developing and executing category strategies.
• Proven track record of delivering category savings through sourcing, demand management, and policy compliance.
• Diplomatic, agile, resilience and excellent interpersonal skill – can work well with all levels of people.
• Ethical and strong integrity.
• Excellent analytical and problem‑solving skills, with the ability to make data‑driven decisions.
• Strong influential skills and ability to manage complex business environment and issues.
• Proficiency in procurement software and tools (e.g., Coupa, SAP, Oracle, Salesforce, Process Unity etc.), as well as Microsoft Office Suite.

Desired Skills

• Strategic thinking and ability to develop long‑term procurement strategies.
• Experience with supplier relationship management and performance evaluation.
• Knowledge of risk management and compliance in procurement.
• Familiarity with sustainability practices and ethical sourcing in IT procurement.

AXA is an equal opportunity employer. We are committed to promoting Inclusion and Diversity (I&D) by creating a work environment where all employees are treated with dignity, respect, and where individual differences are valued. We welcome and treasure diverse profiles to join our big family, and to build an inclusive culture together which allows everyone to maximise their personal potential.