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- Tasks: Lead strategic sourcing projects and build relationships with stakeholders to meet business needs.
- Company: Join a top-tier Financial Services client known for its innovative approach to procurement.
- Benefits: Enjoy a hybrid work model, competitive salary, and opportunities for professional growth.
- Why this job: Be part of transformative projects that make a real impact in the financial sector.
- Qualifications: Experience in procurement transformation and strong stakeholder management skills required.
- Other info: Work in vibrant locations in central London and Surrey, with a supportive team culture.
The predicted salary is between 43200 - 72000 £ per year.
An exciting opportunity for an experienced Procurement transformation professional with a highly respected Financial Services client. We are partnering with a leading Financial Services client in the search for an experienced Procurement Manager with business transformation experience. We are looking for Procurement professionals who have demonstrable experience in complex business transformation projects. This is not a category-led role; you will be working on projects that require outsourcing and third-party delivery across a range of supply commodities including external consulting, finance systems, marketing, IT and HR.
You will be delivering business partnering and commercial support to the business for complex sourcing requirements, which requires delivery of end-to-end procurement process, normally involving the running of sourcing events. You will be capable of developing a deep understanding of business needs and building clear credible relationships with senior stakeholders.
Responsibilities:
- Establish strong relationships with key stakeholders to understand business needs, cost saving opportunities, deliver effective demand management and address third party risk management (TPRM) matters.
- Lead and manage end to end strategic and tactical sourcing projects across multiple categories, selecting appropriate sourcing event, following formal sourcing processes and handing off to the business and Supplier Relationship Management (SRM).
- Proactive identification of new sourcing initiatives through deep relationships with business leads and the change team.
- Negotiating commercial and contractual terms with third parties.
- Enabling budget holders to optimise their budgets and deliver business requirements at best value with minimised risk.
- Identifying and delivering cost saving and cost avoidance opportunities to meet budget holder targets, producing MI as required.
- Collaborating with Procurement category managers to ensure that transformation projects are complementary to their activities in the IT, Professional Services and Corporate Services categories, reflecting corporate objectives.
Our client operates a hybrid working model of 2 days a week in the office and has locations in central London and Surrey.
Procurement Manager - Business Transformation employer: Beaumont Select
Contact Detail:
Beaumont Select Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Manager - Business Transformation
✨Tip Number 1
Focus on building strong relationships with stakeholders in your current or previous roles. Highlight any experiences where you successfully collaborated with senior management to understand their needs and deliver effective solutions.
✨Tip Number 2
Demonstrate your experience in managing end-to-end procurement processes by discussing specific projects where you led sourcing events. Be prepared to share examples of how you navigated complex business transformation initiatives.
✨Tip Number 3
Showcase your negotiation skills by preparing examples of successful negotiations with third parties. Discuss how you achieved cost savings or improved terms that benefited your organisation.
✨Tip Number 4
Research the latest trends in procurement and business transformation, especially within the financial services sector. Being knowledgeable about current challenges and opportunities will help you engage in meaningful conversations during interviews.
We think you need these skills to ace Procurement Manager - Business Transformation
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to grasp the key responsibilities and requirements. Highlight your experience in procurement transformation and complex business projects, as these are crucial for this role.
Tailor Your CV: Customise your CV to reflect relevant experiences that align with the job. Emphasise your skills in stakeholder management, sourcing strategies, and cost-saving initiatives, ensuring they stand out.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for procurement and business transformation. Use specific examples from your past roles to demonstrate how you can add value to the company.
Highlight Key Achievements: In both your CV and cover letter, include quantifiable achievements related to procurement and transformation projects. This could be cost savings achieved, successful negotiations, or improved processes that benefited previous employers.
How to prepare for a job interview at Beaumont Select
✨Understand the Business Transformation Landscape
Familiarise yourself with the key concepts of business transformation, especially in the context of procurement. Be prepared to discuss your previous experiences in managing complex transformation projects and how they align with the company's goals.
✨Build Relationships with Stakeholders
Demonstrate your ability to establish strong relationships with senior stakeholders. Prepare examples of how you've successfully collaborated with various teams to understand their needs and deliver effective solutions.
✨Showcase Your Sourcing Expertise
Be ready to discuss your experience with end-to-end procurement processes and sourcing events. Highlight specific projects where you identified cost-saving opportunities and managed third-party risks effectively.
✨Prepare for Negotiation Scenarios
Since negotiating commercial and contractual terms is a key part of the role, prepare for potential negotiation scenarios. Think about your strategies for achieving the best value while minimising risk and be ready to share relevant examples.
