At a Glance
- Tasks: Lead procurement and third-party management to enhance road safety and support victims.
- Company: Join MIB, a passionate team dedicated to making roads safer for everyone.
- Benefits: Enjoy a competitive salary, hybrid working, and generous holiday allowance.
- Other info: Inclusive workplace where your unique self is valued and encouraged.
- Why this job: Make a real difference in people's lives while developing your career in procurement.
- Qualifications: Experience in procurement and third-party management, with strong communication skills.
The predicted salary is between 60000 - 60000 £ per year.
About MIB
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
- Support the business to adopt and embed the TPRM framework.
- Deliver first-class Procurement services to assigned business areas that meet the needs of the MIB.
- Support assigned business areas to manage their third parties – particularly their critical and high risk third parties – in line with the TPRM framework.
- Support wider business with complex IT services and Professional Services Procurement and third party management activity, utilising category expertise to achieve best commercial outcome for MIB and/or client company.
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.
- Support the development of a Procurement and Third Party Management policy framework, ensuring the documentation is reviewed and updated on an ongoing basis as required.
- Support to develop and deliver TPRM training materials, workshops and training sessions across the business.
- Partner with Third Party Accountable Executives (TPAE) and Third Party Relationship Owners (TPRO) to define a collaborative approach to sourcing and ongoing third party management for assigned business areas, ensuring roles and responsibilities are clearly documented and understood.
- Lead the delivery of end-to-end Procurement activity for assigned business areas, including sourcing approach, pre-qualification, tender, negotiation, preparation of contract, due diligence, onboarding, renewals and offboarding.
- Work collaboratively with Legal to ensure contractual documentation is drafted to contain adequate and appropriate commercial structure, all required clauses to ensure legal and regulatory compliance, and third party performance criteria to drive delivery aligned to business needs.
- Provide third party management support to TPROs and TPAEs in assigned business areas in line with the TPRM framework.
Level of support will vary according to the criticality of the third party relationship.
The lead may be required to provide lighter-touch support for medium and low risk third party engagements but may be required to lead third party management activities for critical and high risk third parties.
- Third party management activities include (but are not limited to) conducting supplier introductory meetings and performance reviews, monitoring supplier performance against key performance indicators (KPIs) and service level agreements (SLAs), identifying areas for improvement, addressing performance issues and agreeing improvement actions, supplier issue resolution, performance recovery and exit-planning activities.
- Contribute to the delivery of cost reductions, efficiencies and value opportunities through delivery of Procurement and third party management activities.
- Build and maintain excellent relationships with internal stakeholders throughout the business, including those at a senior leadership level.
- Provide Procurement and Third Party Management SME inputs, strategic commercial advice and challenge at a senior leadership level.
- Provide peer-to-peer guidance, challenge and support to the central team in their delivery of Procurement services and Third Party management support to the business.
- Work with Finance business partners to produce accurate budgets, forecasts and supplier spend analysis, as required.
- Support to develop and maintain an external network of Procurement and Third Party Management contacts to develop category expertise, drive market insight, leverage market commercial power and bring technical and/or industry subject matter expertise back into MIB.
- Identify and implement process and system enhancements as required, to drive procurement maturity and ongoing continuous improvement.
Skills and Experience
- Procurement and third party management experience in a fast-paced organisation.
- Extensive procurement and third party management experience and experience in IT services and professional services.
- Commercially astute, financially literate and legally competent to negotiate and draft complex supplier contracts.
- Strong influencing and stakeholder management skills, with a proven ability to build constructive working relationships with suppliers, negotiating to deliver results, enforcing contractual obligations and achieving cost savings and improvements.
- Highly credible and collaborative team member, comfortable to challenge, and with excellent influencing skills and the gravitas to establish trust and confidence of senior stakeholders (TPAEs and TPROs) at senior management level.
- Excellent presentation and communication skills, both written and verbal, with an ability to translate complex technical subject matter into clear, concise and impactful information that drives the right decisions.
- Sector experience of insurance and/or financial services is highly desirable.
- Qualified CIPS professional, with a commitment to maintaining CPD and keeping up to date with developments within the profession and best practice.
- Job Title and details
- Grade: 12
- Working Hours: 35
- Working Pattern: Monday - Friday
- Office Location: Milton Keynes
- Job Type: 10 months FTC
IT kit supplied to you £320 (before tax) start up allowance Hybrid working (2 days in the office per week)
Other Benefits include
Contributory Group Stakeholder Personal pension scheme Life Assurance Employee Incentive Scheme 25 days holiday (plus public holidays) Holiday purchase 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
We believe in a workplace where everyone can be themselves.
Through our different ideas, personalities and experiences, we redefine what is possible every day.
And regardless of your colour, age, race, gender, sexual orientation or anything else you consider yourself to be, there is a place for you at MIB.
A place where you can bring your best self to work every day.
So, if you think big, love a challenge and want to make a difference to people’s lives, we want to hear from you.
We aim to keep this advert open until the closing date, but on occasion we may close it early if application numbers are high
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Procurement and Third Party Management Lead - 10 month FTC in Milton Keynes employer: Motor Insurers’ Bureau
At the Motor Insurers' Bureau (MIB), we pride ourselves on being an exceptional employer that fosters a collaborative and innovative work culture. Our hybrid working model offers flexibility, while our commitment to employee development ensures that you will have ample opportunities for growth and advancement in your career. Join us in making a meaningful impact as we drive strategic performance and governance in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Procurement and Third Party Management Lead - 10 month FTC in Milton Keynes
✨Get Involved in Local Procurement Meetups
Join local procurement and purchasing groups on platforms like Meetup or Eventbrite. These gatherings are great for networking with industry professionals, sharing insights, and potentially hearing about temporary roles that might not be widely advertised!
✨Seasonal Hiring Cycles are Your Friend!
Keep an eye on seasonal trends in procurement, as many companies ramp up hiring during certain times of the year – especially around end-of-financial-year periods when budgets are being utilised. Be proactive and reach out to companies directly during these windows.
✨Leverage Online Platforms for Temporary Roles
Don’t forget to browse specific job boards dedicated to temporary positions, such as Reed or Indeed. You can filter your search for procurement roles and set up alerts for when new jobs pop up, so you can apply immediately!
✨Showcase Your Skills on Professional Networks
Create short case studies or posts on LinkedIn showcasing your procurement experience or interesting projects you've tackled. This not only builds your visibility but can also attract recruiters looking for temporary talent like you!
We think you need these skills to ace Procurement and Third Party Management Lead - 10 month FTC in Milton Keynes
Some tips for your application 🫡
Showcase Relevant Experience:When applying for a temporary role in procurement-purchasing, it's crucial to highlight any relevant experience you have. Mention specific tasks like negotiating contracts, managing supplier relationships, or optimising inventory. This will show Motor Insurers’ Bureau that you can hit the ground running!
Keep it Concise and Impactful:For a temporary role, we recommend keeping your CV and cover letter concise. Focus on key achievements that showcase your procurement skills and any immediate impact you’ve made in past roles. Use bullet points for clarity—this way, Motor Insurers’ Bureau can quickly grasp your capabilities!
Include Relevant Certifications:If you’ve got any certifications that are relevant to procurement, like CIPS (Chartered Institute of Purchasing and Supply), don’t forget to mention them! This adds extra weight to your application and shows Motor Insurers’ Bureau that you're serious about your professional development.
Emphasise Flexibility and Availability:Since this is a temporary position, make sure to emphasise your availability and flexibility in your cover letter. Let Motor Insurers’ Bureau know when you can start and that you’re ready to adapt to their needs, making your application even more appealing!
How to prepare for a job interview at Motor Insurers’ Bureau
✨Know Your Procurement Basics
Brush up on key procurement concepts and terms, like 'total cost of ownership' and 'supplier relationships'. We want to impress them with our knowledge! Being able to talk fluently about relevant techniques and tools specific to the procurement field will definitely lend credibility.
✨Prepare for Scenario-Based Questions
In a purchasing role, you might get thrown some real-world scenarios to assess how you’d handle supplier negotiations or cost-saving strategies. Be ready to demonstrate your problem-solving skills! Practising how you'd tackle these situations in advance will help us shine during the interview.
✨Highlight Your Flexibility and Adaptability
Since it’s a temporary role, emphasise how you can quickly adapt to new processes and environments. Share examples of past experiences where you’ve tackled new challenges with ease, showing they can rely on us to hit the ground running and contribute immediately!
✨Show Off Your Tech Savvy
Being well-versed in procurement software like SAP or Coupa can set us apart from other candidates. If you've got experience with these tools, be sure to mention it! Having a handle on data analysis and reporting will also demonstrate our capability to leverage technology effectively in procurement.
