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- Tasks: Manage procurement processes and vendor performance to ensure compliance and cost efficiency.
- Company: Join a leading London Market Reinsurance business with a strong reputation in the industry.
- Benefits: Enjoy hybrid working options and a dynamic work environment.
- Why this job: Be part of impactful projects while developing your negotiation and management skills.
- Qualifications: Experience in procurement within Financial Services or Insurance is essential.
- Other info: This is an initial 6-month contract with potential for extension.
The predicted salary is between 43200 - 72000 £ per year.
Overview Procurement and Vendor Manager – Financial Services or London Market Insurance / Reinsurance or General Insurance – Hybrid Working – Initial 6-month Contract – LondonA leading London Market Reinsurance business based in the UK is looking to hire a Procurement and Vendor Manager to join the business on an initial 6-month contract. The project focuses on commercial management of projects and monitoring third party vendors to ensure compliance, cost efficiency and alignment with business objectives. This role requires experience in negotiating contracts, monitoring vendor performance and mitigating tasks.Responsibilities Manage end-to-end procurement processes from requisition to payment; oversee RFPs; develop and review vendor contracts; ensure timely delivery.Monitor vendor performance against SLA/KPI; conduct regular reviews to ensure adherence to contract terms.Negotiate contracts and manage relationships with vendors to ensure cost efficiency and alignment with business objectives.Qualifications Experience as Procurement and Vendor Manager, ideally within Financial Services, Reinsurance, London Market insurance, General Insurance or related fields (Essential).End-to-end vendor lifecycle management; RFP experience; contract development and review.Strong leadership, communication and critical thinking skills.Seniority level Mid-Senior levelEmployment type ContractJob function FinanceIndustries InsuranceLocation: London, England, United Kingdom
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Procurement and Vendor Manager employer: Oliver James
Contact Detail:
Oliver James Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement and Vendor Manager
✨Tip Number 1
Network with professionals in the Financial Services and Insurance sectors. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends, which can give you an edge in interviews.
✨Tip Number 2
Familiarise yourself with the specific compliance and regulatory requirements in the London Market. Understanding these nuances will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 3
Prepare to discuss your experience with vendor performance monitoring and contract negotiations in detail. Be ready to share specific examples of how you've successfully managed vendor relationships and improved compliance.
✨Tip Number 4
Showcase your leadership and stakeholder management skills during any discussions. Highlight instances where you've effectively communicated with various stakeholders to achieve procurement goals, as this is crucial for the role.
We think you need these skills to ace Procurement and Vendor Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in procurement and vendor management, especially within Financial Services or the insurance sector. Use specific examples that demonstrate your skills in negotiating contracts and managing vendor performance.
Craft a Compelling Cover Letter: In your cover letter, explain why you are a great fit for the role. Mention your experience with end-to-end procurement processes and how you've successfully managed vendor relationships in the past. Be sure to align your skills with the key requirements listed in the job description.
Showcase Relevant Skills: Highlight your strong leadership, communication, and critical thinking skills in both your CV and cover letter. Provide examples of how you've effectively managed stakeholders and ensured compliance with contract terms in previous roles.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for a Procurement and Vendor Manager role.
How to prepare for a job interview at Oliver James
✨Know Your Industry
Make sure you have a solid understanding of the Financial Services, Reinsurance, and London Market Insurance sectors. Familiarise yourself with current trends, challenges, and key players in these industries to demonstrate your expertise during the interview.
✨Showcase Your Negotiation Skills
Prepare examples of past negotiations you've successfully led. Be ready to discuss specific strategies you used to achieve favourable contract terms and how you managed vendor relationships to ensure compliance and cost efficiency.
✨Highlight Vendor Management Experience
Be prepared to talk about your experience in monitoring vendor performance against SLAs and KPIs. Discuss how you conducted regular reviews and what steps you took to address any issues that arose, showcasing your proactive approach.
✨Demonstrate Strong Stakeholder Management
Illustrate your ability to manage stakeholders effectively. Share examples of how you've communicated with various teams and ensured alignment with business objectives, highlighting your leadership and critical thinking skills.
