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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 Somerset employer: LV=
Contact Detail:
LV= Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Sourcing Manager in Somerset
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry and let them know you're on the lookout for a Sourcing Manager role. You never know who might have the inside scoop on an opportunity that’s not even advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its values. At LV=, they value inclusivity and support, so be ready to share how you can contribute to that culture while driving sourcing strategies.
✨Tip Number 3
Practice your negotiation skills! As a Sourcing Manager, you'll need to lead complex negotiations. Role-play with a friend or mentor to build confidence and refine your approach before the real deal.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the LV= team.
We think you need these skills to ace Sourcing Manager in Somerset
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Sourcing Manager role. Highlight your experience in procurement, supplier management, and any relevant achievements that align with our key responsibilities. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your skills match what we're looking for. Don’t forget to mention how you can help us support our members and customers.
Showcase Your Relationship-Building Skills: Since building strong relationships is crucial for this role, make sure to include examples of how you've successfully collaborated with stakeholders in the past. We love seeing how you can connect with others to achieve common goals!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at LV=
✨Know Your Stuff
Make sure you understand the key responsibilities of a Sourcing Manager. Brush up on your knowledge of procurement processes, supplier relationship management, and contract law. Being able to discuss these topics confidently will show that you're serious about the role.
✨Showcase Your Experience
Prepare specific examples from your past roles where you've successfully led sourcing initiatives or built strong stakeholder relationships. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your achievements.
✨Ask Smart Questions
Come prepared with insightful questions about the company's sourcing strategies and how they align with their business objectives. This not only shows your interest in the role but also demonstrates your strategic thinking and understanding of the industry.
✨Be Yourself
Remember, LV= values individuality and inclusivity. Don’t be afraid to let your personality shine through during the interview. Authenticity can set you apart from other candidates and help you connect with the interviewers on a personal level.