At a Glance
- Tasks: Drive effective procurement and third-party management to enhance road safety.
- Company: Join MIB, a passionate team dedicated to making roads safer.
- Benefits: Hybrid working, competitive salary, pension scheme, and wellness support.
- Other info: Collaborative culture with opportunities for personal and professional growth.
- Why this job: Make a real difference by supporting victims of uninsured drivers.
- Qualifications: Experience in procurement and third-party management in fast-paced environments.
The predicted salary is between 40000 - 50000 £ per year.
At MIB our people are passionate about making roads safer by getting uninsured and hit-and-run drivers off our roads. Working in partnership with the Police, Insurers and Government our collective aim is to make it a thing of the past but, until that’s accomplished, we’re here to compensate victims quickly, fairly and compassionately. Last year we helped more than 34,000 people struck by uninsured and hit-and-run drivers and paid over £400 million in compensation to support victims rebuild their lives.
About the role
Join a role where you’ll help drive effective Procurement and Third Party Management activity across the organisation. You’ll support business areas in managing medium and low‑risk third‑party relationships in line with the TPRM framework, contribute to its ongoing implementation, and ensure data accuracy across systems. Alongside this, you’ll produce insightful reporting to support governance, compliance, and continuous improvement.
Key responsibilities
- Support the implementation and ongoing operation of the TPRM framework at MIB, as a comprehensive approach to managing risk and driving value from our key third party service providers.
- Provide day-to-day support to the Procurement and Third Party Management Leads, including managing the contracts database and procurement support across all categories for medium and low third parties.
- Support the Procurement and Third Party Management team in managing and maintaining data quality in third party management systems.
- Support the Procurement and Third Party Management Leads by managing third party due diligence and supporting in critical and important third party RFI’s and RFP’s.
- Responsible for keeping all third-party information within the TPRM systems accurate, complete and up to date at all times.
- Support the implementation and ongoing operation of a TPRM governance (oversight) framework by producing data extracts and management reporting for submission to the working group and/or steering committee, to enable ongoing TPRM compliance monitoring and reporting.
- Support the relevant TPRO and TPAE with Procurement and third party management support in line with the TPRM framework for medium and low risk third party engagements.
- Contribute to the delivery of cost reductions, efficiencies and value opportunities through delivery of Procurement and third party management activity.
- Support to develop and deliver TPRM training materials, workshops and training sessions across the business.
- Build and maintain positive relationships with internal stakeholders throughout the business, including those at a senior leadership level, and be an advocate for TPRM.
- Identify and implement process and system enhancements as required, to drive TPRM maturity and ongoing continuous improvement.
Skills and Experience
- End to end procurement and third party management experience in a fast-paced organisation.
- Indirect Procurement and third party management experience including professional services and IT services.
- Commercially astute and financially literate.
- Highly organised and able to effectively prioritise competing demands, deliver according to committed timelines and work on own initiative.
- Highly computer literate, including advanced Excel, Word and Powerpoint skills.
- Detail-oriented and diligent, completing tasks to a consistently high-quality standard.
- A collaborative team-player, who takes accountability for delivery of owned tasks and also proactively contributes to the collective success of the team.
- Good communication skills and confident in dealing with internal and external stakeholders.
Other Benefits include:
- IT kit supplied to you
- £320 (before tax) start up allowance
- Hybrid working (2 days in the office per week) from our Milton Keynes office, MK14
- Contributory Group Stakeholder Personal pension scheme
- Life Assurance
- Employee Incentive Scheme
- Sports and Social Club
- 24/7 Employee Assistance Programme
- Free access to online tools to support mental and physical health
- Enhanced maternity, paternity and adoption leave
- 1 volunteer day each year and charity matched funding scheme
Procurement and Third Party Management Specialist in Milton Keynes employer: Motor Insurers' Bureau (MIB)
At MIB, we are dedicated to making roads safer and supporting victims of uninsured and hit-and-run drivers. Our collaborative work culture fosters passion and commitment, offering employees opportunities for growth through training and development in a supportive environment. With benefits like hybrid working, a generous pension scheme, and a focus on employee well-being, MIB is an excellent employer for those seeking meaningful and rewarding careers in Milton Keynes.
Contact Details:
Motor Insurers' Bureau (MIB) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Procurement and Third Party Management Specialist in Milton Keynes
✨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 Motor Insurers' Bureau (MIB).
✨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 Procurement and Third Party Management Specialist in Milton Keynes
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 Motor Insurers' Bureau (MIB):Your cover letter should read like you’re chatting directly to Motor Insurers' Bureau (MIB). 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 Motor Insurers' Bureau (MIB).
How to prepare for a job interview at Motor Insurers' Bureau (MIB)
✨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 Motor Insurers' Bureau (MIB)!
✨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 Motor Insurers' Bureau (MIB). 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 Motor Insurers' Bureau (MIB)'s culture.
