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- Tasks: Manage supplier relationships and ensure compliance with regulations while driving performance.
- Company: Join LV=, a leading UK life and pensions mutual insurer with a rich history.
- Benefits: Inclusive culture, flexible working options, and recognition as a top employer.
- Other info: Dynamic role with opportunities for personal growth and development.
- Why this job: Make a real impact by ensuring operational resilience and supporting our members' futures.
- Qualifications: Experience in supplier management and strong relationship-building skills.
The predicted salary is between 50000 - 60000 £ per year.
We have a fantastic opportunity for an experienced Supplier Manager to join our established team 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.
Within this unique, fast-paced role, you’ll develop and maintain critical supplier relationships, oversee material suppliers to ensure services are compliant and meet our commercial and performance expectations. This is a key role, where strong supplier oversight directly supports operational resilience, regulatory compliance, and long term business success. You’ll ensure robust governance, effective risk management and strong service performance, while enabling the business to operate safely, compliantly, and with confidence.
Key Responsibilities- Build and maintain strong working relationships with a portfolio of critical material suppliers, acting as the primary business interface.
- Ensure supplier arrangements remain compliant with regulatory requirements (including PRA/FCA outsourcing guidance and SS2/21).
- Maintain and renew supplier contracts, and re-negotiating pricing and commercial terms where required.
- Monitor supplier performance against SLAs, KPIs and contractual obligations, escalating and resolving any concerns as needed.
- Lead on proportionate supplier governance, including performance, risk and service review forums.
- Identify, manage and resolve supplier related risks, working closely with internal stakeholders and risk SMEs.
- Develop and maintain clear exit and contingency plans for critical supplier services.
We’re proud of our inclusive culture at LV= and, as an equal-opportunity employer, we continually work to remove unconscious bias from our recruitment process. We value our colleagues for what they bring to our team regardless of any protected status or characteristics they may have. Talk to us about flexible working as part of your application; if it’s right for you, our members and customers, and our business, then we’ll do everything we can to make it happen.
Supplier Manager in Suffolk employer: LV=
Contact Detail:
LV= Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Supplier Manager in Suffolk
✨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 Supplier Manager role. You never know who might have the inside scoop on an opportunity or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its suppliers. Understand their values and how they align with yours. This will help you showcase how you can contribute to their mission of supporting members and customers.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience in supplier management clearly and confidently. Highlight specific examples of how you've built strong relationships and managed risks effectively.
✨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 joining our fantastic team at LV=.
We think you need these skills to ace Supplier Manager in Suffolk
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Supplier Manager role. Highlight your experience in managing supplier relationships and compliance, as this will show us you understand what we're looking for.
Showcase Your Achievements: Don’t just list your responsibilities; share specific achievements that demonstrate your ability to oversee supplier performance and manage risks. We love seeing how you've made a difference in previous roles!
Be Authentic: We value individuality, so let your personality shine through in your application. Share your unique perspective on supplier management and how you can contribute to our inclusive culture at LV=.
Apply Through Our Website: For the best chance of success, make sure to apply directly through our website. This way, we can easily track your application and ensure it gets the attention it deserves!
How to prepare for a job interview at LV=
✨Know Your Suppliers
Before the interview, research the key suppliers LV= works with. Understand their services, strengths, and any recent news about them. This will show your genuine interest in the role and help you discuss how you can build strong relationships with these suppliers.
✨Understand Compliance Requirements
Familiarise yourself with the regulatory requirements mentioned in the job description, such as PRA/FCA outsourcing guidance. Be prepared to discuss how you would ensure supplier arrangements remain compliant and what strategies you would implement for effective risk management.
✨Showcase Your Negotiation Skills
Think of examples from your past experiences where you've successfully negotiated contracts or pricing with suppliers. Be ready to share these stories during the interview, highlighting your approach and the outcomes achieved to demonstrate your capability in this area.
✨Prepare Questions About Governance
Come up with insightful questions regarding supplier governance and performance monitoring. This not only shows your understanding of the role but also your proactive attitude towards ensuring operational resilience and compliance within the company.