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- Tasks: Support procurement strategies and manage supplier relationships for financial savings.
- Company: Join Lloyd’s, the leading insurance marketplace with a focus on courage and collaboration.
- Benefits: Enjoy flexible working, generous pension, healthcare, and professional development support.
- Why this job: Make a real impact in a diverse environment while building a braver future.
- Qualifications: Experience in procurement, strong analytical skills, and proficiency in IT tools.
- Other info: Embrace a culture of diversity and inclusion with excellent career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world. Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks. Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.
To support the Procurement Delivery Lead in achieving agreed objectives in line with the procurement strategy, providing a commercial procurement category management function for all spend categories with external suppliers.
Principal Accountabilities- Deliver the sourcing activities which generate benefits and achieve financial savings targets through insight and analysis of category and sub categories areas, including:
- Analysis of procurement spend and supply base to establish suppliers per procurement category and sub category
- Analysis of supply markets to identify potential suppliers and market trends
- Identification of internal and external cost drivers in the categories
- Preparation of pre tender and tender documents in conjunction with key user departments
- Use leading practice procurement tools to develop and implement the sourcing strategies including:
- Supply market positioning
- Supply base profiles
- Supplier assessment
- Supplier financial analysis
- Request For Information (RFI), Request For Proposal (RFP)
- Request for Quotation (RFQ)
- Service level agreements
- e Auctions
- Summary of quotations
- Cost analysis
- Demonstrable experience within a Procurement function
- Knowledge of procurement sourcing activities
- Attention to detail
- Project Management skills
- Good IT skills to include wide experience of word documents, Excel spreadsheets (including pivot tables and charts) and PowerPoint
- Excellent planning and organisational skills
Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development.
We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.
Application SupportBy choosing Lloyd's, you will be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems. Should you require any additional support with your application, or any adjustments, please click the following link; note, clicking on this link does not register your application for the vacancy.
Procurement Specialist in London employer: Lloyd's
Contact Detail:
Lloyd's Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Specialist in London
✨Tip Number 1
Network like a pro! Reach out to people in the procurement field, especially those at Lloyd’s. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by diving deep into procurement trends and challenges. Show us you’re not just about the basics; bring your A-game with examples of how you've tackled similar issues before.
✨Tip Number 3
Don’t forget to showcase your soft skills! Being a Procurement Specialist isn’t just about numbers; it’s about building relationships. Share stories that highlight your teamwork and negotiation skills.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, you’ll find all the latest roles and updates right there, making your job search smoother.
We think you need these skills to ace Procurement Specialist in London
Some tips for your application 🫡
Show Your Passion: When you're writing your application, let your enthusiasm for procurement shine through! We want to see how your values align with ours at Lloyd’s. Make it personal and relatable – show us why you’re excited about building a braver future together.
Tailor Your Experience: Don’t just send a generic application! Take the time to highlight your relevant experience in procurement. Use specific examples that demonstrate your skills in sourcing activities, supplier management, and financial analysis. We love seeing how you can contribute to our goals!
Be Detail-Oriented: Attention to detail is key in procurement, so make sure your application reflects that! Double-check for any typos or formatting issues. A polished application shows us you care about quality and professionalism, which are super important in our field.
Apply Through Our Website: We encourage you to apply directly through our website! It’s the best way to ensure your application gets to the right people. Plus, you’ll find all the info you need about the role and our company culture there. Let’s make this happen together!
How to prepare for a job interview at Lloyd's
✨Know Your Procurement Basics
Before heading into the interview, brush up on your procurement knowledge. Understand key concepts like RFI, RFP, and RFQ, as well as how to analyse supply markets. This will show that you’re not just familiar with the terms but can apply them in real-world scenarios.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've used data analysis to drive procurement decisions. Highlight any experience with Excel, especially pivot tables and charts, as this is crucial for the role. Being able to demonstrate your analytical prowess will set you apart.
✨Emphasise Team Collaboration
Lloyd’s values teamwork, so be ready to share experiences where you’ve successfully collaborated with others. Discuss how you’ve managed supplier relationships and kept internal customers informed. This will illustrate that you align with their value of being 'stronger together'.
✨Align with Their Values
Familiarise yourself with Lloyd’s core values: bravery, collaboration, and integrity. Think of examples from your past work that reflect these values. Showing that you resonate with their mission to build a braver future will make a positive impression.
