At a Glance
- Tasks: Lead strategic procurement initiatives in Professional Services & BPO, driving business value and supplier relationships.
- Company: Join Munich Re, a leader in insurance and reinsurance with a focus on innovation.
- Benefits: Enjoy competitive salary, diverse work culture, and opportunities for professional growth.
- Other info: Be part of a diverse team that values inclusion and fosters innovation.
- Why this job: Make an impact by optimising sourcing solutions and supporting digital transformation.
- Qualifications: Experience in procurement and strategic sourcing, with strong project management skills.
The predicted salary is between 60000 - 75000 £ per year.
Shared Services
A Shared Service Provider to both UK Life Branch (Life Reinsurance provider) and Great Lakes Insurance SE (specialty provider of primary insurance services in the UK).
Key services that are provided include: Accounting/Finance/Tax; HR; Facilities Management; Procurement; Internal
Audit: Legal and Data Protection.
In addition, the responsibility for managing and servicing the Leases on behalf of the relevant London Business Units.
About the role
As part of the Global Sourcing Team and reporting to the Global Category Manager for Professional Services & BPO, you will take ownership of strategic procurement initiatives in the subcategories of Management Consulting & Audit, Legal Services, BPO, and HR-related services.
You will focus on delivering optimal sourcing solutions that create business value, strengthen supplier relationships, support digital transformation, and ensure compliance with regulatory and risk standards.
In this role, you will effectively execute local and regional strategies in collaboration with the global category team.
Key Responsibilities
- Act as the central strategic interface with internal customers and key supplier managers for related procurement activities
- Ensure strategic procurement processes including demand management, tenders, offer evaluations, contract negotiations, and implementation
- Support the Global Category Managers in developing sourcing, supplier, and risk strategies, as well as shaping the process value chain
- Ensure alignment and implementation of local and regional procurement strategies
- Build and maintain strong relationships with internal stakeholders and suppliers
- Apply category and market knowledge to identify opportunities and drive results
- Foster global interaction with the procurement functions within Munich Re
- Promote/Support Internal Business Partners with digitization including the usage of Coupa to streamline and improve efficiencies with the purchase of goods and services
- Ensure all sourcing activities comply with legal, regulatory, and corporate social responsibility standards
- Competencies
- Drives results – consistently achieve results even under tough circumstances, making good and timely decisions to keep things moving.
- Business insight – apply knowledge of the business and the market to advance your business’s and wider organisation’s goals.
- Collaboration – identify opportunities and bring the right people together to work on a common goal.
- Client focus – build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created.
- Cultivates innovation – create new and better ways for Munich Re to be successful, e. g., generating ideas, creating efficiencies, harnessing new technology.
- Courage – challenge the status quo and address difficult issues, operating effectively even when things are uncertain.
- Persuades – use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst listening to diverse views and opinions.
- Key Skills & Experience
- Professional relevant procurement experience or proven track record in related roles
- Experience in leading strategic sourcing projects in an international environment and ability to orchestrate cross-functional negotiation teams
- Good knowledge of BPO & Professional Services sub-categories, i. e. Consulting, Legal, Temporary Labor, Recruitment, HR Services
- Good knowledge of digitization including the usage of Coupa to streamline and improve efficiencies with the purchase of goods and services
- Strong project management skills with proven experience in delivering category and sourcing strategies and projects that are data driven and managed
- Proficient in contract terminology and able to develop alternative clauses where necessary in cooperation with in-house Legal Departments
- Entrepreneurial spirit and experience of working both independently and in a team-oriented, collaborative environment
- Ability to balance risk and effort with regulatory and compliance requirements
- Technical expertise of the supported category strategy, with a clear understanding of the impact of regional and global strategies on local markets
- Desired Qualifications and Educational Background
- Bachelor’s degree in economics, engineering, supply chain management or similar professional education
- Thought Leaders
You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re.
You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others.
You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture.
You will treat your colleagues and sales and business partners fairly and with respect.
- Regulatory & Conduct Requirements
- Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better.
Embracing the power of DEI is at the core of who we are.
We recognise diversity can be multi‑dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs.
Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process.
You can request an adjustment by speaking to your Talent Acquisition contact.
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StudySmarter Expert Advice🤫
We think this is how you could land Category Manager - Professional Services & BPO
✨Get Savvy with Industry Perks
Join procurement and purchasing forums or groups where pros hang out, like CIPS (Chartered Institute of Procurement & Supply). They'll share the inside scoop on job openings that might not show up on traditional job boards!
✨Show Off Your Skills
Consider creating a portfolio that outlines your achievements in procurement, like cost-saving initiatives or supplier management strategies. Having tangible evidence of your skills can really set you apart when applying to companies like Great Lakes Insurance SE.
✨Tap into Your Network
Leverage LinkedIn to connect with professionals in procurement—follow relevant hashtags, join groups, and engage in discussions. This is a great way to get noticed by potential employers before they even post a job!
✨Keep Your Eyes on Job Boards
With full-time positions, timing can be everything. Set alerts on job boards specifically for procurement roles. Don't wait for a job posting to close; apply through our website as soon as you see a fit—being proactive can give you the edge!
We think you need these skills to ace Category Manager - Professional Services & BPO
Some tips for your application 🫡
Show Off Your Procurement Know-How:When you're crafting your CV, make sure to highlight any procurement-specific skills you've got. Talk about your experience with supplier negotiations, cost analysis, or inventory management. If you’ve used software like SAP or Oracle, don’t forget to mention that too – it shows you know your way around the tech side of things!
Quantify Your Achievements:In procurement, numbers matter. Use your CV and cover letter to showcase any quantifiable achievements you've made in reducing costs or improving efficiencies. For example, mentioning that you helped save 20% on purchasing costs last year is way more impressive than just saying you managed the budget!
Tailor Your Cover Letter to Great Lakes Insurance SE:Your cover letter should read like you’re chatting directly to Great Lakes Insurance SE. Research the company’s procurement strategy, mention how your skills align with their goals, and share your enthusiasm for contributing to their success. This personal touch can really set you apart from the crowd!
Professional Certs Can Go a Long Way:If you've got any procurement-related certifications, such as CIPS or APICS, make sure they're front and centre on your CV. These qualifications show you're serious about your career in procurement and are committed to continuous learning. It’s a great way to signal your expertise and dedication to potential employers like Great Lakes Insurance SE.
How to prepare for a job interview at Great Lakes Insurance SE
✨Show Off Your Negotiation Skills
In procurement, strong negotiation skills are key. Be ready to share examples of past negotiations where you've successfully saved costs or improved supplier terms. We want to hear how you approached those situations and the strategies you used to achieve positive outcomes!
✨Know Your Tools
Make sure you’re familiar with procurement software and tools commonly used in the industry, such as SAP Ariba or Coupa. Come prepared to discuss any experiences you've had with these tools or similar platforms, as we need someone who can hit the ground running at Great Lakes Insurance SE!
✨Understand Market Trends
As a procurement professional, being aware of market trends can set you apart. Brush up on recent developments in supply chain management or procurement best practices and think about how they could impact your role at Great Lakes Insurance SE. Bringing a current perspective will show your enthusiasm for the industry.
✨Demonstrate Your Team Player Attitude
A full-time position means you'll be working closely with various teams. Be prepared to discuss how you collaborate with others, manage conflicts, and build relationships with stakeholders. Sharing anecdotes about past teamwork experiences will highlight your ability to fit into Great Lakes Insurance SE's culture.