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For Companies At a Glance
- Tasks: Lead vendor management and procurement strategies to optimise spend and mitigate risks.
- Company: SiriusPoint is a global insurance and reinsurance underwriter, listed on the NYSE.
- Benefits: Enjoy a diverse workplace with opportunities for growth and development.
- Why this job: Join a dynamic team focused on strategic vendor relationships and impactful risk solutions.
- Qualifications: 5+ years in vendor management and procurement, preferably in tech environments.
- Other info: We prioritise diversity, equity, inclusion, and belonging in our workplace culture.
The predicted salary is between 43200 - 72000 £ per year.
Location: London, UK
About SiriusPoint
SiriusPoint is a global underwriter of insurance and reinsurance. We utilize deep risk capabilities to protect our customers and provide intelligent risk solutions to clients and brokers around the world. Headquartered in Bermuda and listed on the New York Stock Exchange (SPNT), we operate as ‘One SiriusPoint’, underwriting risks across four areas: International Insurance, North American Insurance, Global Accident and Health, and Global Reinsurance. Our underwriting hubs are located in Bermuda, Liege, London, New York, Zurich, and Stockholm. We hold licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally.
Join Our Team
You will contribute to the development of a recently established procurement and vendor management function, including strategy, policy, systems, and processes to optimize spend and mitigate risk, maximizing value from all vendors.
- Understand vendor spending by category, cost center, region, and vendor.
- Classify, rationalize, and optimize the vendor portfolio, focusing on managing the most strategic vendors.
- Create contract, performance, relationship, and risk management procedures.
- Ensure clear metrics across all key performance indicators (KPIs) for strong performance management.
- Identify and execute value opportunities with key vendor relationships.
- Analyze vendor delivery issues and help resolve disputes.
- Manage communication processes with vendors.
Vendor Risk Management
- Conduct due diligence on vendors to confirm financial viability, business continuity, and compliance.
- Assess and report on vendor risk levels based on financial, skills, tools, and third-party use.
- Establish a matrixed Global Operating Model for Vendor management.
Your Skills and Abilities
- Minimum 5 years of experience in vendor management, including third-party vendors, sourcing, and commercial expertise.
- 5+ years in project/asset management, procurement, and vendor relations in a technology environment are desirable.
- Proven ability to establish and adjust KPIs based on geopolitical changes.
- Strong organizational, execution, and negotiation skills.
- Ability to understand operations economics and cost drivers.
- ITIL experience is preferred but not required.
Our Values
We value diversity, equity, inclusion, and belonging (DEI&B) as essential to our success. We strive to create an environment where everyone feels included, valued, respected, and supported to reach their full potential.
Strategic Sourcing & Vendor Manager employer: SiriusPoint Ltd.
Contact Detail:
SiriusPoint Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Strategic Sourcing & Vendor Manager
✨Tip Number 1
Familiarise yourself with the latest trends in vendor management and procurement. Understanding current best practices and technologies can give you an edge in discussions during interviews.
✨Tip Number 2
Network with professionals in the insurance and reinsurance sectors. Attend industry events or join relevant online forums to connect with people who can provide insights or even refer you to opportunities at SiriusPoint.
✨Tip Number 3
Prepare to discuss specific examples of how you've optimised vendor relationships in your previous roles. Highlighting measurable outcomes will demonstrate your ability to add value to SiriusPoint's procurement function.
✨Tip Number 4
Research SiriusPoint’s values and recent initiatives, especially around diversity, equity, inclusion, and belonging. Being able to align your personal values with theirs can make a strong impression during the interview process.
We think you need these skills to ace Strategic Sourcing & Vendor Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in vendor management and procurement. Use specific examples that demonstrate your ability to optimise vendor relationships and manage risks effectively.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of SiriusPoint's values, particularly around diversity, equity, inclusion, and belonging. Explain how your skills align with the role and how you can contribute to their procurement and vendor management function.
Highlight Relevant Skills: In your application, emphasise your organisational, negotiation, and project management skills. Mention any experience with KPIs and vendor risk management, as these are crucial for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail and professionalism, which is essential for a Strategic Sourcing & Vendor Manager.
How to prepare for a job interview at SiriusPoint Ltd.
✨Research SiriusPoint Thoroughly
Before the interview, make sure to dive deep into SiriusPoint's operations, values, and recent news. Understanding their approach to risk management and vendor relations will help you tailor your responses and demonstrate genuine interest.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in vendor management scenarios. Prepare examples from your past experience where you've successfully navigated vendor disputes or optimised vendor performance to showcase your expertise.
✨Highlight Your Negotiation Skills
Given the importance of negotiation in this role, be ready to discuss specific instances where you've negotiated contracts or resolved conflicts with vendors. Emphasise the outcomes and how they benefited your previous employers.
✨Demonstrate Your Understanding of KPIs
Since establishing and adjusting KPIs is crucial for this position, be prepared to discuss how you've developed and monitored KPIs in your previous roles. Share insights on how you used these metrics to drive vendor performance and mitigate risks.
