At a Glance
- Tasks: Collaborate with Nest Invest to provide strategic procurement advice and create value.
- Company: Join the UK's largest workplace pension scheme, committed to inclusivity and innovation.
- Benefits: Flexible working options, competitive salary, and a supportive environment for personal growth.
- Other info: Diverse and inclusive workplace with excellent career development opportunities.
- Why this job: Make a real impact in the investment management industry while developing your career.
- Qualifications: Experience in commercial business partnering and strong understanding of compliance regulations.
The predicted salary is between 50000 - 60000 £ per year.
The Sourcing Business Partner role is a trusted advisor to Nest Invest (NI), collaborating with this part of the business to provide early commercial and procurement advice and identify opportunities to create better value & opportunity for NI. The Sourcing Business Partner will manage and deliver pipelines of procurement activities and collaborate with other business partners across the organisation, ensuring procurement activity is delivered to meet business needs and is compliant with the relevant regulations.
The minimum criteria for this role are:
- Good understanding of Managing Public Money, and compliance with PCR 2015, PA 2023 and legal and regulatory requirements
- Extensive experience of commercial Business Partnering, acting as a trusted partner, providing strong strategic support to internal stakeholders
- Strong understanding of the investment management industry
- Experience in complex, multi stakeholder environments, preferably financial services or asset management
- Strong commercial evaluation ability (pricing analysis, cost drivers, benchmarking)
This role would be responsible for delivering core activity within the Strategic Sourcing Team in support of sourcing & commercial activity carried out on behalf of Nest Invest. Nest Invest was established in 2019 and authorised as an Occupational Pension Scheme (OPS) firm by the FCA in 2020. OPS firms undertake investment management on behalf of a trustee or pension scheme and have the ability to manage more complex investment decisions and tasks in-house.
Nest is an award-winning workplace pension scheme, the largest in the country. Set up by the government to give every worker in the UK somewhere to save, our first-class responsible investment practice and governance are the backbone of what we do, supported by all the functions you’d expect to find in a thriving business. We’re committed to creating a workplace where you can be your authentic self and offer an inclusive and flexible working environment.
Everyone is welcome to apply for our roles, and we are determined to ensure that no applicant or employee receives less favourable treatment because of their age, belief, disability, gender identity, marital status, national origin, pregnancy or caring responsibilities, socio economic background, sex, sexual orientation, religion or race or any other legally protected status. We also recognise the importance of diversity of thought and other forms of neurocognitive variation. We are a level 2 Disability Confident Leader under the Disability Confident Scheme. As a Disability Confident Committed organisation, we’re part of the guaranteed interview scheme.
Please note that this advert may close early if we receive a sufficient number of satisfactory applications. If you have any difficulty in sending your application or need the application pack in an alternative format, or you require any reasonable adjustments please contact.
Sourcing Business Partner – Nest Invest in London employer: Nestpensions
Nest is an award-winning workplace pension scheme, recognised for its commitment to diversity, equity, and inclusion. As a Sourcing Business Partner, you will thrive in a flexible and agile working environment that values your authentic self while providing ample opportunities for professional growth within the finance and investment management sectors. Join us in making a meaningful impact as part of the largest pension scheme in the UK, where your contributions directly support responsible investment practices and governance.
StudySmarter Expert Advice🤫
We think this is how you could land Sourcing Business Partner – Nest Invest in London
✨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 Nestpensions.
✨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 Sourcing Business Partner – Nest Invest in London
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 Nestpensions:Your cover letter should read like you’re chatting directly to Nestpensions. 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 Nestpensions.
How to prepare for a job interview at Nestpensions
✨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 Nestpensions!
✨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 Nestpensions. 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 Nestpensions's culture.
