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For Companies At a Glance
- Tasks: Lead procurement and contract management for various business services.
- Company: Chaucer Group is a leading insurance group at Lloyd’s, protecting industries worldwide.
- Benefits: Flexible working arrangements and a commitment to diversity and inclusion.
- Why this job: Join a dynamic team focused on savings, collaboration, and enhancing stakeholder experiences.
- Qualifications: Degree in relevant discipline or equivalent experience; CIPS qualification preferred.
- Other info: This is a 12-month fixed-term contract with opportunities for growth.
The predicted salary is between 42000 - 60000 £ per year.
Join to apply for the Procurement Manager – Corporate Services (12 month FTC) role at Chaucer Group .
About Us
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website Chaucer Group.
Job Summary
This role will provide procurement, contract and supplier support in the business services spend, including but not limited to facilities management, catering, cleaning, reception services, HR, marketing, legal, professional services etc.
Accountable for leading the sourcing (e.g. RFI, RFP, benchmarking, single source negotiation) and contract management activities (e.g. manage contract renewals and expirations) to manage cost, business risk and opportunities to deliver savings and benefits.
Main duties
- Develop and undertake the procurement process (business requirement through to contract execution) for business services related goods and services whilst managing all risk, legislative, and regulatory requirements.
- Create qualified savings and benefits pipeline, in collaboration with all relevant stakeholders, including but not limited to Finance approval, and align to the Value Framework.
- Establish a collaborative way of working with all relevant stakeholders that supports the successful transition of procurement led execution to Supplier Collaboration.
- Challenge demand in the pursuit of enhanced savings delivery, embracing the demand aggregation of common products and services, as well as delivering cost avoidance benefit.
- Develop and manage procurement aligned continuous improvement activities and annual stakeholder satisfaction surveys, to deliver an enhanced stakeholder experience. Conduct regular competitor and market watch assessments in delivery of total cost of ownership assessments and different commercial models for sourcing contracts.
- Manage some of the key suppliers, utilising the Supplier Collaboration Framework, to include the development of supplier joint account plans, meeting governance framework, benefits and savings, issue management, continuous improvement, risk mitigation, and relationship development, whilst meeting all contract, regulatory, and exit strategy requirements.
- Delivery of sourcing-led, on-going and significant savings and benefits throughout the contract and relationship life cycle, underpinned by leadership of incremental cost, service and overall value derivation, to include the management and resolution of contract variations and any commercial disputes.
- Leveraging global agreements and contracts throughout the business to help drive value and cost benefits across the entire organization, while still recognising local needs and requirements.
- Establish a collaborative way of working with Preferred Suppliers and relevant stakeholders to execute the Supplier Collaboration Framework. Support the operational owners of the contracts in their day-to-day accountabilities with their Preferred supplier/s.
- Negotiate and deliver cost savings and benefits throughout the contract lifecycle through expert negotiation leadership, in support of the annual cost savings target.
- Execute the Meeting Governance Framework for some key suppliers, to include ‘Head of’ level sponsorship.
- Identify evolving business requirements throughout the contract and relationship life cycle, to include contract change, maintenance, renewals, and demand management activities.
- This list is not exhaustive and includes any other ad-hoc duties and responsibilities required from time to time.
Skills & Competencies
- Procurement and contract experience in business services categories such as facilities management, HR, legal, catering, cleaning, reception services, marketing, professional services etc.
- Good negotiation skill set.
- Demonstrable levels of sourcing experience, leading RFI and RFP processes.
- Knowledge of key sourcing management processes, tools, and methodologies.
- Demonstrable levels of experience in supplier management / collaboration.
- Understanding of contract-law principles and ability to perform contract reviews.
- Experience of working within the insurance/re-insurance market sector/ a regulated industry (ideally Financial Services).
Education
- Degree in a relevant discipline or with equivalent relevant experience within a procurement or supply chain environment.
- CIPS qualification or equivalent, relevant, industry-recognised certification.
Why Chaucer
An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. We are committed to diversity, actively value difference and respect people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation).
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We are open to considering flexible working arrangements for all roles.
Seniority level
Mid-Senior level
Employment type
Contract
Job function
Purchasing
Industries
Insurance Agencies and Brokerages, Insurance Carriers, and Insurance.
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Procurement Manager - Corporate Services (12 month FTC) employer: Chaucer Syndicates Ltd
Contact Detail:
Chaucer Syndicates Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Manager - Corporate Services (12 month FTC)
✨Tip Number 1
Familiarize yourself with the specific procurement processes and methodologies mentioned in the job description, such as RFI and RFP. Understanding these will help you demonstrate your expertise during the interview.
✨Tip Number 2
Highlight your experience in managing supplier relationships and collaboration. Be prepared to discuss specific examples of how you've successfully negotiated contracts and delivered savings in previous roles.
✨Tip Number 3
Research Chaucer Group and its position within the insurance market. Understanding their business model and key clients can help you tailor your responses and show that you're genuinely interested in contributing to their success.
✨Tip Number 4
Prepare to discuss how you would approach continuous improvement activities and stakeholder satisfaction surveys. This shows that you are proactive and focused on enhancing the procurement process.
We think you need these skills to ace Procurement Manager - Corporate Services (12 month FTC)
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Procurement Manager position at Chaucer Group. Highlight key responsibilities and required skills, such as procurement experience in business services and negotiation skills, to tailor your application.
Tailor Your CV: Customize your CV to reflect relevant experience in procurement and supplier management. Use specific examples that demonstrate your ability to lead sourcing processes and manage contracts effectively.
Craft a Compelling Cover Letter: Write a cover letter that connects your background with the requirements of the role. Emphasize your experience in managing supplier relationships and delivering cost savings, and express your enthusiasm for working in a diverse and inclusive environment.
Highlight Relevant Qualifications: If you have a degree in a relevant discipline or a CIPS qualification, make sure to mention these prominently in your application. This will help demonstrate your commitment to the procurement field and your understanding of industry standards.
How to prepare for a job interview at Chaucer Syndicates Ltd
✨Showcase Your Procurement Expertise
Be prepared to discuss your experience in procurement, especially in business services categories like facilities management and HR. Highlight specific examples where you've successfully led RFI and RFP processes.
✨Demonstrate Strong Negotiation Skills
Since negotiation is a key part of this role, come ready with examples of how you've negotiated cost savings and benefits in previous positions. Be specific about the strategies you used and the outcomes achieved.
✨Understand Contract Law Principles
Familiarize yourself with contract law principles and be ready to discuss how you've performed contract reviews in the past. This will show your understanding of the legal aspects of procurement.
✨Emphasize Collaboration and Stakeholder Engagement
This role requires working closely with various stakeholders. Prepare to share experiences where you've established collaborative relationships and how that contributed to successful procurement outcomes.
