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For Companies At a Glance
- Tasks: Manage vendor relationships and optimise procurement strategies to maximise value.
- Company: SiriusPoint is a global leader in insurance and reinsurance, headquartered in Bermuda.
- Benefits: Enjoy a diverse workplace with opportunities for growth and development.
- Why this job: Join a dynamic team focused on innovation and risk management in a global setting.
- Qualifications: 5+ years in vendor management and procurement, preferably in tech environments.
- Other info: We prioritise diversity, equity, inclusion, and belonging in our workplace culture.
The predicted salary is between 43200 - 72000 £ per year.
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.
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Strategic Sourcing & Vendor Manager employer: SiriusPoint Ltd.
Contact Detail:
SiriusPoint Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Strategic Sourcing & Vendor Manager
✨Tip Number 1
Familiarise yourself with the latest trends in vendor management and procurement. Understanding current best practices and technologies can give you an edge in discussions during interviews.
✨Tip Number 2
Network with professionals in the insurance and reinsurance sectors. Attend industry events or join relevant online forums to connect with people who can provide insights into SiriusPoint's culture and expectations.
✨Tip Number 3
Prepare to discuss specific examples of how you've optimised vendor relationships in your previous roles. Highlighting measurable outcomes will demonstrate your ability to add value to SiriusPoint.
✨Tip Number 4
Research SiriusPoint’s values and recent initiatives, especially around diversity, equity, inclusion, and belonging. Showing that you align with their mission can set you apart from other candidates.
We think you need these skills to ace Strategic Sourcing & Vendor Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in vendor management and strategic sourcing. Use specific examples that demonstrate your skills in negotiation, project management, and risk assessment.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the job description. Emphasise your understanding of vendor risk management and your ability to optimise vendor relationships, showcasing how you align with SiriusPoint's values.
Highlight Relevant Skills: In your application, clearly outline your skills related to procurement, performance management, and vendor relations. Mention any experience with KPIs and how you've successfully managed vendor portfolios in the past.
Showcase Cultural Fit: Demonstrate your commitment to diversity, equity, inclusion, and belonging in your application. Share experiences where you've contributed to a positive team environment or supported diverse teams, aligning with SiriusPoint's values.
How to prepare for a job interview at SiriusPoint Ltd.
✨Research SiriusPoint Thoroughly
Before your interview, make sure to dive deep into SiriusPoint's operations, values, and recent news. Understanding their approach to risk management and vendor relations will help you tailor your responses and demonstrate genuine interest.
✨Showcase Your Vendor Management Experience
Be prepared to discuss specific examples from your past roles that highlight your experience in vendor management. Focus on how you've optimised vendor portfolios, managed relationships, and resolved disputes, as these are key aspects of the role.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and ability to handle vendor-related challenges. Think of situations where you've had to conduct due diligence or manage vendor risks, and be ready to explain your thought process.
✨Emphasise Your Negotiation Skills
Negotiation is crucial in this role, so be sure to highlight your negotiation successes. Share specific instances where you successfully negotiated contracts or improved vendor terms, showcasing your ability to maximise value while mitigating risks.
