Procurement Manager

Procurement Manager

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead procurement operations, ensuring compliance and optimising supplier relationships.
  • Company: Join a dynamic financial services group focused on innovation and efficiency.
  • Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work culture.
  • Why this job: Make an impact by driving cost-efficiency and improving procurement practices in a supportive environment.
  • Qualifications: Strong procurement experience, especially in financial services, with excellent vendor management skills.
  • Other info: Ideal for those passionate about compliance and process improvement in a fast-paced setting.

The predicted salary is between 43200 - 72000 £ per year.

Job Description

Overview:

This role oversees procurement operations across the group, ensuring policy compliance, vendor governance, supplier optimization, and travel management. The position supports regulatory alignment (including SOX and DORA) and helps drive cost-efficiency and process improvement in procurement practices.

Key Responsibilities:

  • Lead implementation and oversight of the group’s procurement framework and policy
  • Ensure vendor compliance with procurement procedures and regulatory obligations
  • Manage supplier onboarding, due diligence, and risk assessments
  • Monitor key vendor performance and drive SLA/KPI improvements
  • Support sourcing, supplier rationalization, and contract negotiations
  • Coordinate tender processes and purchase order adherence
  • Oversee corporate travel policy and vendor relationships
  • Analyse spend data and identify cost-saving opportunities
  • Maintain and enhance procurement systems and reporting
  • Deliver procurement training and support policy awareness across the business

Requirements:

  • Strong procurement experience in financial services (insurance preferred)
  • Proven background in vendor management and policy compliance
  • Familiarity with UK/EU regulatory frameworks
  • Proficiency in Excel and document/workflow systems
  • Skilled in stakeholder engagement and cross-functional collaboration
  • Commercial acumen with a data- and results-driven approach

Procurement Manager employer: Edenbrook

As a leading player in the financial services sector, our company offers an exceptional work environment for Procurement Managers, characterised by a strong commitment to compliance and efficiency. Employees benefit from a collaborative culture that prioritises professional growth through continuous training and development opportunities, while also enjoying the advantages of working in a dynamic location that fosters innovation and strategic partnerships. Join us to be part of a team that values your expertise and supports your career aspirations in a meaningful way.
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Contact Detail:

Edenbrook Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Procurement Manager

✨Tip Number 1

Familiarise yourself with the latest procurement frameworks and policies, especially those relevant to financial services. Understanding these will not only help you in interviews but also demonstrate your commitment to compliance and best practices.

✨Tip Number 2

Network with professionals in the procurement field, particularly those with experience in insurance. Engaging with industry peers can provide insights into current trends and challenges, which you can discuss during your interactions with us.

✨Tip Number 3

Prepare to showcase your experience in vendor management and compliance during discussions. Be ready to share specific examples of how you've successfully navigated regulatory frameworks and improved supplier relationships in your previous roles.

✨Tip Number 4

Brush up on your Excel skills, as data analysis is crucial for identifying cost-saving opportunities. Being able to demonstrate your proficiency in analysing spend data will set you apart from other candidates.

We think you need these skills to ace Procurement Manager

Procurement Strategy Development
Vendor Management
Regulatory Compliance (SOX, DORA)
Supplier Risk Assessment
Contract Negotiation
Data Analysis and Cost Optimisation
Stakeholder Engagement
Cross-Functional Collaboration
Excel Proficiency
Procurement Systems Management
Corporate Travel Management
Performance Monitoring (SLA/KPI)
Training and Development
Commercial Acumen

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your procurement experience, especially in financial services. Emphasise your skills in vendor management, policy compliance, and any relevant regulatory frameworks you are familiar with.

Craft a Compelling Cover Letter: In your cover letter, explain why you are the perfect fit for the Procurement Manager role. Mention specific experiences that demonstrate your ability to lead procurement operations and drive cost-efficiency.

Highlight Relevant Skills: Clearly outline your proficiency in Excel and document/workflow systems. Provide examples of how you've used these skills to analyse spend data or improve procurement processes in previous roles.

Showcase Stakeholder Engagement: Discuss your experience in stakeholder engagement and cross-functional collaboration. Use specific examples to illustrate how you've successfully worked with different teams to achieve procurement goals.

How to prepare for a job interview at Edenbrook

✨Showcase Your Procurement Expertise

Make sure to highlight your strong procurement experience, especially in financial services. Be prepared to discuss specific examples of how you've successfully managed vendor relationships and ensured policy compliance in previous roles.

✨Demonstrate Regulatory Knowledge

Familiarity with UK/EU regulatory frameworks is crucial for this role. Brush up on relevant regulations like SOX and DORA, and be ready to explain how you have navigated these in past positions.

✨Prepare for Data Analysis Questions

Since the role involves analysing spend data and identifying cost-saving opportunities, be prepared to discuss your proficiency in Excel. You might be asked to interpret data or provide insights based on hypothetical scenarios.

✨Emphasise Stakeholder Engagement Skills

This position requires strong stakeholder engagement and cross-functional collaboration. Think of examples where you've successfully worked with different teams or departments to achieve procurement goals, and be ready to share those stories.

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