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- Tasks: Lead procurement for Event Services, managing contracts and stakeholder relationships.
- Company: Join F1, a dynamic leader in the motorsport industry, known for innovation and excitement.
- Benefits: Enjoy 25 holiday days, private healthcare, free shuttle service, and 4 paddock passes yearly.
- Why this job: Be part of a fast-paced environment, driving strategic initiatives and making impactful decisions.
- Qualifications: Extensive procurement experience and MCIPS required; strong communication and negotiation skills essential.
- Other info: Opportunity to coach and develop team members while enhancing procurement processes.
The predicted salary is between 48000 - 72000 £ per year.
We are currently seeking a dedicated and dynamic Senior Category Manager to join our Procurement Team! The successful candidate will be looking after Event Services including Accreditation, Fan Engagement, Hospitality and Promoters. This is an exciting opportunity to demonstrate your positive attitude and to develop, maintain and strengthen collaborative relationships with both internal and external stakeholders.
F1 offers a comprehensive benefits package designed to support employee’s well-being and work-life balance. You will have access to 4 paddock passes each year and travelling members of staff have the option to extend their stays. We provide private healthcare and dental care to ensure you have access to top-quality medical service when needed and a convenient free shuttle service for staff to and from Biggin Hill to make commuting easier. You'll also enjoy 25 holiday days plus 8 bank holidays, additionally with our offices closing between Christmas and New Year, allowing you to fully enjoy the festive season with your family and friends.
Main Responsibilities and Duties
- Identify and deliver sourcing opportunities through analysis of procurement spend, supply base, and marketplace research.
- Negotiate bespoke contract terms and statements of work with suppliers, to support the management of FOM’s risk management and commercial priorities.
- Develop effective relationships with key stakeholders, including business leads, Finance, Legal, Health & Safety, and Compliance.
- Create and socialize a category plan using spend data and analysis and develop a yearly project plan for key priorities.
- Manage the end-to-end Procurement Cycle, including tender preparation, execution, contract award, and subsequent management.
- Negotiate with suppliers to provide value for money and business benefit, ensuring alignment with business needs and risk management.
- Support and coach direct reports through regular feedback, setting yearly objectives, and completing End of Year assessments.
- Continuously improve team processes to enhance efficiency and drive best practices within the team and the wider business.
- Support with ongoing supplier due diligence and verification activities, to ensure adherence with F1’s SOX and financial obligations.
Knowledge and Skills Required
- Extensive procurement and direct line management experience MCIPS required.
- Ability to draft and negotiate robust and detailed contracts to meet business objectives including Framework Agreements/MSAs, Statements of Work, and associated KPIs/SLAs.
- Proven Event Services Category Management and Hospitality Category track record within an organisation that may operate within strict deadlines, to include Fan Engagement, Hospitality and Accreditation.
- Excellent presentation, written communication and interpersonal/stakeholder management skills.
- Ability to drive strategic initiatives through the full life cycle and influence behavioural change internally and throughout the supply chain.
- Experience of generating fact-based insights through analysis using tools and techniques to provide strategic direction, including competency using Excel / pivot tables.
- Self-motivated with the ability to pivot where directed or necessary between business priorities in a fast-moving environment where there are ambiguities.
- Working knowledge of P2P and Procurement systems, preferably Microsoft D365 and Medius.
Division: Corporate
Senior Category Manager employer: Formula One
Contact Detail:
Formula One Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Category Manager
✨Tip Number 1
Familiarise yourself with the latest trends in Event Services and Hospitality. Understanding the current market dynamics will not only help you during interviews but also demonstrate your proactive approach to staying informed.
✨Tip Number 2
Network with professionals in the procurement and event management sectors. Attend industry events or webinars to connect with potential colleagues and stakeholders, which can give you insights into the company culture and expectations.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed supplier relationships and negotiated contracts in the past. Having concrete stories ready will showcase your experience and problem-solving skills.
✨Tip Number 4
Research StudySmarter's values and mission. Tailoring your conversation to align with our goals will show that you're not just interested in the role, but also in contributing to our overall success.
We think you need these skills to ace Senior Category Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in procurement and category management, particularly in Event Services and Hospitality. Use specific examples to demonstrate your achievements and skills that align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention how your background in managing supplier relationships and negotiating contracts can contribute to the team's success at F1.
Highlight Key Skills: Emphasise your MCIPS qualification and any experience you have with P2P and Procurement systems like Microsoft D365. Also, showcase your ability to analyse data and generate insights, as this is crucial for the role.
Showcase Stakeholder Management: Provide examples of how you've successfully developed relationships with internal and external stakeholders in previous roles. This will demonstrate your interpersonal skills and ability to collaborate effectively, which is essential for this position.
How to prepare for a job interview at Formula One
✨Showcase Your Procurement Expertise
Make sure to highlight your extensive procurement experience during the interview. Be prepared to discuss specific examples of how you've successfully managed sourcing opportunities and negotiated contracts in the past, particularly in Event Services and Hospitality.
✨Demonstrate Stakeholder Management Skills
Since the role involves developing relationships with various stakeholders, come ready to share instances where you've effectively collaborated with different teams. Emphasise your interpersonal skills and how you've navigated complex stakeholder dynamics.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities and strategic thinking. Think about challenges you've faced in procurement and how you approached them, especially in fast-paced environments with strict deadlines.
✨Familiarise Yourself with Relevant Tools
Brush up on your knowledge of procurement systems like Microsoft D365 and Medius. Being able to discuss your experience with these tools will demonstrate your readiness to hit the ground running and improve team processes.
