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- Tasks: Lead sourcing initiatives and build strong relationships with stakeholders to drive strategic value.
- Company: Join LV=, a leading UK life and pensions mutual insurer with a proud history.
- Benefits: Inclusive culture, recognition as a top employer, and opportunities for personal growth.
- Other info: Dynamic team environment focused on collaboration and innovation.
- Why this job: Shape the future of financial services while making a real impact on sustainability.
- Qualifications: Experience in sourcing, strong negotiation skills, and understanding of contract law.
The predicted salary is between 60000 - 75000 £ per year.
We are pleased to announce an exciting opportunity for an experienced Sourcing Manager to join our established, supportive team here at LV=. As a leading UK life and pensions mutual insurer with a proud history dating back to 1843, we exist to help people live financially confident lives – protecting their income while they work and maximising it when they stop. Today, over one million members and customers trust us to look after their futures, families and finances. Joining us means becoming part of a team that puts our members, customers and advisers at the heart of everything we do. We’re committed to creating an inclusive culture where colleagues can thrive.
You’ll play a key role in shaping our supplier landscape and delivering measurable commercial and strategic value. This is a high impact role within our Sourcing team, leading sourcing activity across key spend categories in a regulated financial services environment. You’ll act as a trusted business partner, driving robust category strategies, leading end to end procurement activity and ensuring that supplier arrangements can support business objectives, manage risk, and enable sustainable growth.
Key Responsibilities
- Build strong relationships with stakeholders to understand and support their objectives, identify any issues and proactively work to strategise and make improvements where possible.
- Competently lead complex or high‑value sourcing initiatives across multiple internal stakeholders.
- Develop and deliver Category Plans aligned to business objectives, focusing on cost reduction, risk mitigation, and sustainability.
- Lead end‑to‑end sourcing activity, including RFx development, supplier engagement, evaluation, negotiation and award recommendations.
- Analyse pricing and total cost of ownership and leading on commercial negotiations with suppliers.
- Draft and negotiate robust commercial terms and contracts, working closely with Legal and Risk colleagues, with a good understanding of contract law.
- Ensure that sourcing activity complies with internal governance, policy and regulatory requirements.
- Support supplier risk assessments and due diligence, acting as the main supplier contact.
- Maintain accurate sourcing and contract records.
- Collaborate with Supply Chain Risk if it’s right for you, our members and customers, and our business, then we’ll do everything we can to make it happen.
Sourcing Manager in Essex employer: LV=
Contact Detail:
LV= Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Sourcing Manager in Essex
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry and let them know you're on the hunt for a Sourcing Manager role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its values. Since LV= is all about supporting members and creating an inclusive culture, think about how your experience aligns with their mission and be ready to share examples that showcase your fit.
✨Tip Number 3
Practice your negotiation skills! As a Sourcing Manager, you'll need to lead commercial negotiations, so brush up on your techniques. Role-play with a friend or use online resources to get comfortable discussing terms and making deals.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our brand. So, get your application in and show us what you've got!
We think you need these skills to ace Sourcing Manager in Essex
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Sourcing Manager role. Highlight your experience in procurement and supplier management, and don’t forget to showcase any achievements that align with our values of sustainability and risk management.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you’re passionate about sourcing and how your skills can help shape our supplier landscape. Be genuine and let your personality come through!
Showcase Your Stakeholder Skills: In your application, emphasise your ability to build strong relationships with stakeholders. We want to see examples of how you've supported objectives and strategised improvements in previous roles.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity to join our team at LV=!
How to prepare for a job interview at LV=
✨Know Your Stuff
Before the interview, dive deep into the role of a Sourcing Manager. Familiarise yourself with key concepts like category strategies, supplier engagement, and risk management. This will not only boost your confidence but also show the interviewers that you’re genuinely interested in the position.
✨Build Relationships
Since the role involves building strong relationships with stakeholders, think of examples from your past experiences where you successfully collaborated with others. Be ready to discuss how you identified issues and strategised improvements, as this will demonstrate your ability to be a trusted business partner.
✨Showcase Your Negotiation Skills
Prepare to talk about your experience with commercial negotiations and drafting contracts. Bring specific examples of successful negotiations you've led, focusing on how you achieved cost reductions or mitigated risks. This will highlight your capability to handle high-value sourcing initiatives.
✨Understand Compliance and Governance
Brush up on internal governance, policy, and regulatory requirements relevant to sourcing in financial services. Being able to discuss how you ensure compliance in your sourcing activities will reassure the interviewers that you can navigate the complexities of the role effectively.