At a Glance
- Tasks: Manage supplier portfolios and lead contract negotiations to enhance customer experience.
- Company: Join NewDay, a leading digital consumer finance provider in the UK.
- Benefits: Enjoy 26 days holiday, flexible working, and private medical insurance.
- Other info: Hybrid work model with a vibrant, inclusive culture.
- Why this job: Make a real impact in a dynamic role with opportunities for growth.
- Qualifications: Experience in procurement and strong relationship-building skills required.
The predicted salary is between 36000 - 60000 € per year.
NewDay is one of the UK's leading digital consumer finance providers. We’re on a mission to help people move forward with credit, supporting over 6 million customers every day! You may have heard of our own brand credit cards like Aqua, Marbles or Bip, or our co-branded retail credit cards with John Lewis & Partners, Argos and AO.
In this role, you’ll be joining a successful sourcing function and independently manage your own portfolio of suppliers while collaborating closely with Senior Sourcing Specialists. It’s a hands-on commercial position where you’ll influence contract negotiations, shape supplier relationships and directly support teams that drive NewDay’s products and customer experience.
How you’ll contribute
- Manage a portfolio of suppliers across Marketing, Operations and Professional Services, supporting team-wide initiatives, spend reporting and continuous improvement.
- Lead commercial evaluations including reviewing contracts, analysing pricing, and coordinating with internal Legal, Risk, and Data Protection teams to support negotiations.
- Maintain strong supplier and stakeholder relationships, ensuring operational performance, understanding business needs, and managing multiple concurrent projects while acting as the central connector across teams.
- Act as a PO gatekeeper in Purchase2Pay system for selected suppliers.
We’re looking for these essential skills
- Prior Procurement experience, must include reviewing contracts and contract negotiation.
- Degree (or equivalent) or experience of a Procurement Graduate scheme.
- Proven interpersonal and relationship building skills.
- Excellent command of MS tools (Word, Excel, PowerPoint).
- Strong numeracy skills and commercially minded with proven experience of pricing negotiations.
- Knowledge and understanding of Sourcing processes and Procurement risks.
It’s a Plus If You Also Have These Skills
- Financial Services or Regulated Industry experience.
- Procurement process development and implementation experience.
- Experience working with AI and Procurement.
- Experience working with Procurement/P2P systems and DocuSign.
At NewDay, it’s really important to us to offer flexible ways of working, whilst appreciating the value of face-to-face collaboration. This role is hybrid, with an expectation that you’ll work from our KX office 2 - 3 days per week.
You’ll Also Get
- 26 days holiday, rising to 30 with service.
- A holiday buy scheme (up to 5 extra days).
- Double matched pension, with up to 14% from NewDay.
- Generous annual performance bonuses.
- Private medical insurance with Bupa, including mental health support and cancer care.
- 26 weeks paid maternity, adoption and shared parental leave.
- Free breakfast and lunch in the office every day, provided by our in-house chefs...and more, which you can explore!
At NewDay, we value all types of diversity. We’re an equal opportunity employer and believe that our differences create a vibrant, authentic working culture. We want all our colleagues to feel able to bring their whole selves to work. We don’t discriminate on the basis of protected characteristics or identities. We make sure that every job is crafted to be inclusive and that people with disabilities or caring responsibilities can take part in the application and interview process. Tell us if you need accommodations: We’ll put reasonable adjustments in place to support you.
Sourcing Specialist (FTC) in London employer: NewDay Ltd
At NewDay, we pride ourselves on being a leading digital consumer finance provider that values flexibility and collaboration. Our vibrant work culture fosters personal growth and inclusivity, offering generous benefits such as 26 days of holiday, a double matched pension scheme, and private medical insurance. Join us in our London office for a hybrid role where you can make a meaningful impact while enjoying perks like free meals and a supportive environment for all employees.
StudySmarter Expert Advice🤫
We think this is how you could land Sourcing Specialist (FTC) in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their products and services, especially if they relate to sourcing and procurement. This will help you tailor your answers and show you're genuinely interested.
✨Tip Number 3
Practice your negotiation skills! Since this role involves contract negotiations, being able to demonstrate your ability to negotiate effectively during interviews can set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team at NewDay.
We think you need these skills to ace Sourcing Specialist (FTC) in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Sourcing Specialist role. Highlight your procurement experience, especially in contract negotiation and supplier management. We want to see how your skills align with what we're looking for!
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 background makes you a great fit. Don’t forget to mention any relevant experience in financial services or regulated industries.
Showcase Your Skills:We love seeing strong interpersonal and relationship-building skills. In your application, give examples of how you've successfully managed supplier relationships or led commercial evaluations. This will help us understand your approach!
Apply Through Our Website:To make sure your application gets the attention it deserves, apply directly through our website. It’s the best way for us to keep track of your application and ensure you’re considered for the role!
How to prepare for a job interview at NewDay Ltd
✨Know Your Procurement Stuff
Make sure you brush up on your procurement knowledge, especially around contract negotiation and supplier management. Familiarise yourself with common terms and processes in sourcing, as this will help you speak confidently about your experience and how it relates to the role.
✨Show Off Your Relationship Skills
Since this role involves managing supplier relationships, be ready to discuss examples of how you've built and maintained strong connections in previous roles. Think of specific instances where your interpersonal skills made a difference in negotiations or project outcomes.
✨Get Comfortable with Numbers
As a Sourcing Specialist, you'll need to analyse pricing and spend reports. Brush up on your numeracy skills and be prepared to discuss how you've used data to inform decisions in past roles. Maybe even bring a few examples of reports you've worked on!
✨Prepare for Scenario Questions
Expect questions that ask how you'd handle specific situations, like managing multiple projects or resolving conflicts with suppliers. Think through potential scenarios related to the job description and prepare your responses to demonstrate your problem-solving abilities.
