Procurement Manager

Procurement Manager

Full-Time 56250 - 68750 £ / year (est.) Home office (partial)
The Financial Times

At a Glance

  • Tasks: Lead procurement activities and develop sourcing strategies across diverse business areas.
  • Company: Join the Financial Times, a globally recognised news organisation with a collaborative culture.
  • Benefits: Enjoy generous leave, medical cover, gym memberships, and a hybrid working model.
  • Other info: Opportunities for career growth and a commitment to diversity and inclusion.
  • Why this job: Make an impact in procurement while working with innovative technologies and diverse teams.
  • Qualifications: Experience in procurement, strong stakeholder management, and analytical skills required.

The predicted salary is between 56250 - 68750 £ per year.

About us

The Financial Times is one of the world's leading news organisations, globally recognised for its authority, integrity and accuracy, with a mission to deliver quality information and services worldwide. At the FT, curiosity thrives and ambitious thinking is rewarded. Here, you're given the chance to reach millions, create work that matters and deliver impartial journalism in a polarised world.

In our warm, collaborative culture, you'll connect with a diverse community of experts who support your growth, career aspirations and wellbeing. Your future at the FT will be filled with opportunities that challenge and inspire you. With no fixed path, you'll discover new skills and forge a career that can take you anywhere.

Our commitment to diversity, equity and inclusion: We believe in the power of unique perspectives and want all voices in our organisation to be heard, respected and valued. A supportive workplace is one where employees feel they can be themselves and operate to their full potential. We are committed to removing barriers for everyone, with a focus on addressing those faced by underrepresented groups.

The Team: The Procurement function has a group-wide remit and forms part of the Global Finance team. It is responsible for delivering a transparent and effective procurement approach across the FT Group, ensuring integrity and fairness in supplier selection, robust commercial negotiations, and strong governance and supplier management practices.

The implementation of the Procure-to-Pay (P2P) lifecycle has created significant opportunities for Procurement to drive greater visibility of spend, improved data quality and more informed decision-making across the business. This role will contribute to the next phase of Procurement's evolution by helping leverage the FT Group's collective buying power through coordinated sourcing strategies, preferred supplier frameworks and more effective group-wide commercial negotiations.

Based in London, the Procurement Manager will play a key role in delivering procurement activity across priority business areas including the Commercial Client Group (CCG), Product & Technology (P&T), and Reader Revenue Group (RRG). This role has a strong focus on marketing and professional services procurement, requiring experience sourcing and managing agencies and consultancy providers across areas such as creative, media, social media and digital marketing. Experience supporting procurement activity for events-related spend, including venues, hotels, AV and production services, would also be advantageous.

The successful candidate will combine strong sourcing and commercial capability with excellent stakeholder engagement skills, partnering with senior stakeholders across the business to deliver commercially robust and strategically aligned procurement outcomes. We are looking for someone who is commercially curious, forward-thinking and comfortable using technology and AI-enabled tools to improve procurement efficiency, market analysis, sourcing activity and contract management processes.

Key Responsibilities

  • Lead end-to-end procurement activity across assigned categories and business areas, including sourcing strategy development, RFP execution, supplier evaluation and commercial negotiations.
  • Partner with stakeholders across Reader Revenue Group (RRG), Commercial Client Group (CCG) and Product & Technology (P&T) to support a diverse range of procurement requirements.
  • Build trusted relationships with stakeholders up to Director level, influencing decision-making and driving commercially effective outcomes.
  • Develop and execute sourcing strategies that optimise total cost of ownership and deliver sustainable value.
  • Challenge and shape business requirements to ensure alignment with group priorities and procurement best practice.
  • Manage contract lifecycle activity including renewals, renegotiations and risk mitigation initiatives.
  • Apply supplier management frameworks and support governance and supplier performance activities.
  • Collaborate with Finance teams to identify, track and validate savings and value delivery opportunities.
  • Use Coupa to manage sourcing and contracting processes while supporting stakeholders and suppliers in its effective use.
  • Conduct market research and supplier analysis to inform sourcing decisions and negotiation strategies.
  • Support continuous improvement initiatives across procurement processes, governance and reporting.

Required Skills and Experience

  • Proven procurement experience across marketing, professional services and/or indirect spend categories.
  • Strong experience sourcing and managing marketing agencies, consultancy providers or related suppliers.
  • Demonstrated ability to manage complex sourcing activities and commercial negotiations.
  • Excellent stakeholder management and business partnering skills, with experience engaging senior stakeholders.
  • Strong analytical and commercial acumen, with the ability to interpret spend data and market insights to support decision-making.
  • Experience handling contract negotiations, supplier management and procurement governance processes.
  • Comfortable working across multiple business areas and managing competing priorities.
  • Strong communication and presentation skills, with the ability to translate complex information into clear recommendations.
  • Experience using procurement systems and sourcing tools such as Coupa or similar platforms.
  • Interest in procurement innovation and emerging technologies, including AI-enabled tools and digital procurement practices.

Desirable

  • Experience supporting procurement activity across events-related categories including venues, hotels, AV and production services.
  • Exposure to technology, SaaS or data supplier procurement.
  • Experience working within a matrixed or global organisation.
  • Familiarity with procurement transformation, P2P processes or procurement analytics initiatives.

What's in it for you? Our benefits

Our benefits vary by location but we are committed to providing best-in-class perks across all our offices. These include generous annual leave, medical cover, inclusive parental leave packages, subsidised gym memberships and opportunities to give back to the community. Full details of our benefits are available here.

We currently operate a hybrid model which requires staff to work onsite 50% of the time, subject to role requirements & regular review. While flexible working requests will be considered, not all patterns are suitable for all roles. We believe this balanced approach supports flexibility and protects our culture, making collaboration and communication easier, building stronger relationships and team cohesion, and supporting peer learning.

Accessibility: We are a disability confident employer and Valuable 500 signatory. Please let us know if you require any reasonable adjustments/personalisation as part of the application process or to enable you to attend an interview. If you would like to discuss your requirements or have any questions, email talent@ft.com and a member of our team will be happy to help.

Further information: At the FT, we embrace innovation and the use of technology and appreciate that individuals may leverage AI tools as part of their job application process. Whilst we are happy for you to use AI to assist with your application, it is essential that all information provided is authentic and accurately represents your skills, experience, and qualifications.

Candidates should be aware that the use of AI throughout the application process may be monitored to ensure a fair and transparent hiring process for all. Please beware of fraudulent job postings and offers claiming to be from the Financial Times. All legitimate opportunities will direct you to apply through the official Financial Times careers site, and the FT will never ask for financial information, payments, or referrals to third parties during the hiring process. If you have any concerns about the legitimacy of a job posting or suspect any scam activity, please contact talent@ft.com.

Interested in the FT but don't see the right role yet? Join our Talent Community to receive exclusive updates, featured jobs, and insights into working at the FT.

Procurement Manager employer: The Financial Times

The Financial Times is an exceptional employer, offering a vibrant and collaborative work culture that fosters curiosity and ambition. As a Companies Writer for Investors Chronicle, you'll have the opportunity to engage with a diverse community of experts, enjoy generous benefits including flexible working arrangements, and access numerous growth opportunities that empower you to shape your career in impactful journalism.

The Financial Times

Contact Details:

The Financial Times Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Procurement Manager

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 The Financial Times.

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 Procurement Manager

Procurement Experience
Sourcing Strategy Development
RFP Execution
Supplier Evaluation
Commercial Negotiations
Stakeholder Management
Analytical Skills

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 The Financial Times:Your cover letter should read like you’re chatting directly to The Financial Times. 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 The Financial Times.

How to prepare for a job interview at The Financial Times

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 The Financial Times!

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 The Financial Times. 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 The Financial Times's culture.