Procurement Manager

Singapore Life Ltd.; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A leading financial services company in Singapore is seeking a Procurement Manager with 7-10 years of experience to develop and implement procurement strategies, manage vendor relationships, and oversee contract management. The ideal candidate will have expertise in finance operations, risk management, and strong negotiation skills. This permanent full-time role offers a dynamic environment within the Technology & Operations department, requiring collaboration across various internal teams.

Qualifications

• 7-10 years of experience in procurement and vendor management.
• Strong understanding of contract management and compliance.
• Experience in finance operations and reporting.

Responsibilities

• Develop procurement strategies that deliver measurable cost savings.
• Oversee vendor lifecycle from selection to performance management.
• Manage contract lifecycle including drafting and compliance reviews.
• Support budgeting and forecasting processes in finance operations.
• Design and implement internal controls across procurement.

Skills

Vendor management

Contract negotiation

Financial reporting

Risk management

Stakeholder management

Tools

PowerBI

Job description

Job Description

Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives. Singlife offers insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, and investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan. Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to sustainability. The merger of Aviva Singapore and Singlife was announced in September 2020 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. Singlife was subsequently acquired by Sumitomo Life in March 2024, valued at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.

Responsibilities

• Procurement Strategy & Vendor Management: Develop and implement comprehensive procurement strategies that deliver measurable cost savings across T&O.
• Procurement Strategy & Vendor Management: Drive category management, strategic sourcing, and RFx processes (RFI, RFP, RFQ) to identify and onboard best-in-class vendors.
• Procurement Strategy & Vendor Management: Oversee complete vendor lifecycle from selection, onboarding, performance management through to offboarding and relationship termination.
• Procurement Strategy & Vendor Management: Conduct vendor due diligence, risk assessments, and compliance reviews covering third party risk, data risk and MAS outsourcing guidelines.
• Procurement Strategy & Vendor Management: Monitor and enforce Service Level Agreements (SLAs), Key Performance Indicators (KPIs), and contractual commitments through regular business reviews.
• Procurement Strategy & Vendor Management: Lead vendor rationalization initiatives and maintain vendor registry with complete documentation.
• Contract Management: Review, negotiate, and approve contracts ensuring alignment with organizational objectives, commercial viability, and regulatory compliance.
• Contract Management: Manage complete contract lifecycle from drafting through execution and signing, including renewals, amendments, terminations, and dispute resolution.
• Contract Management: Maintain centralized contract repository.
• Contract Management: Collaborate with Legal and Compliance teams to mitigate contractual risks and negotiate favorable commercial terms including pricing, payment terms, warranties, and liability provisions.
• Contract Management: Conduct contract compliance reviews and manage contract variations with a view of MAS requirements.
• Professional Services Management: Oversee onboarding and offboarding processes for professional services resources in partnership with HR, ensuring seamless integration and compliance.
• Professional Services Management: Ensure full adherence to mandatory learning requirements and corporate policies.
• Coordinate with business teams on workforce planning, resource allocation, and performance tracking: Manage professional services vendor relationships and conduct resource performance reviews to optimize workforce efficiency.
• Professional Services Management: Maintain PowerBI for resource planning and visibility for management.
• Finance Operations & Reporting: Support budgeting and forecasting processes for T&O, ensuring alignment with business objectives and financial controls.
• Finance Operations & Reporting: Lead monthly and year-end accruals preparation, ensuring accuracy and compliance with accounting standards.
• Finance Operations & Reporting: Manage PR/PO processing, invoice management, three-way matching, and payment authorization with appropriate approvals.
• Finance Operations & Reporting: Monitor procurement spend against budget.
• Finance Operations & Reporting: Support cost allocation and charge-back for shared technology costs.
• Finance Operations & Reporting: Ensure strict adherence to financial controls and audit requirements.
• Governance, Risk & Compliance: Design, implement, and monitor robust internal controls across procurement and finance operations.
• Governance, Risk & Compliance: Ensure full compliance with regulatory requirements including MAS Technology Risk Management Guidelines and data protection regulations.
• Governance, Risk & Compliance: Prepare comprehensive documentation for internal and external audits and proactively address control gaps.
• Governance, Risk & Compliance: Develop and maintain Business Continuity Planning (BCP) protocols for the whole programme office.
• Governance, Risk & Compliance: Implement segregation of duties and approval hierarchies to prevent fraud and ensure proper authorization.
• Continuous Improvement & Stakeholder Management: Champion new initiatives that enhance procurement processes, strengthen governance, and drive operational excellence through automation and analytics.
• Continuous Improvement & Stakeholder Management: Lead process re-engineering, workflow optimization, and digital transformation initiatives including e-procurement system implementation.
• Continuous Improvement & Stakeholder Management: Build and maintain strong relationships with internal stakeholders across T&O, Finance, Legal, Compliance, HR, and business units.
• Continuous Improvement & Stakeholder Management: Act as trusted advisor to business leaders on procurement strategy, vendor selection, and contract negotiations.
• Continuous Improvement & Stakeholder Management: Manage escalations, resolve conflicts, and represent procurement function in management meetings.

Job Snapshot

Updated Date: 26-01-2026

Job ID: J_1549

Department: Technology & Operations

Location: Singapore, Singapore

Experience: 7 - 10 Years

Employee Type: Permanent - Full Time