At a Glance
- Tasks: Drive IT sourcing strategies and manage supplier relationships for cost efficiency.
- Company: Join Tokio Marine HCC, a leading global specialty insurer with a dynamic culture.
- Benefits: Competitive salary, employee benefits, and opportunities for professional growth.
- Other info: Collaborative team environment with opportunities to work across the UK, Europe, and America.
- Why this job: Make a real impact in the insurance industry while developing your career.
- Qualifications: Experience in sourcing and contract negotiation within a blue-chip environment.
The predicted salary is between 56250 - 68750 £ per year.
Overview:
Why Tokio Marine HCC? Standing still is not an option in the current world of Insurance. TMHCC is one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, along with a desire to grow and provide creative and innovative solutions to our clients.
About Operations:
Operations sits at the heart of TMHCC, we ensure the smooth running of all business processes – from policy administration and claims handling to data, technology, and delivery. We focus on driving efficiency which enables our teams across the business to deliver exceptional results every day. Our value statement: Ops makes it happen.
Operations is made up of 7 functions, this role sits within: Procurement and Workplace Management. From identifying the scope of the goods and services required to deliver business outcomes, to negotiating pricing and managing the full lifecycle of contracts and suppliers. Procurement focuses on delivering Value For Money for the organisation. We leverage market intelligence and navigate the regulatory landscape to achieve commercial outcomes and reduce risk and complexity.
Job Purpose:
To support the delivery of IT Sourcing and Category strategies primarily across IT Professional Services and Software, Cloud and SaaS by driving cost efficiency, commercial value, and risk management. The role partners with key stakeholders to lead and support sourcing initiatives, manage strategic suppliers, deliver complex deals and negotiations, and provide trusted commercial advice, contributing to the ongoing development and effectiveness of the IT Sourcing function.
Key Responsibilities:
- Working as part of an IT sourcing and category management team working across Enterprise and local agreements, focusing on making an ongoing, tangible contribution to cost efficiency and commercial/contractual risk management.
- Supporting the IT Category Manager in developing sub-category strategies in partnership with key stakeholders and assisting with their effective delivery.
- Providing a commercial advisory service to key stakeholders.
- Relationship and performance management for a portion of the IT strategic suppliers.
- Influencing the adoption of appropriate sourcing across key stakeholder groups.
- Effective sourcing service for new deals, leading RFPs and renewals, including complex and high-profile commercial/contractual negotiations.
- Significant interaction with senior internal clients and representatives from suppliers.
- Creating and presenting impactful deal summaries/recommendations.
- Maintaining deal pipelines.
- Supporting the ongoing development of the IT Sourcing function.
- Analysing and reporting on spending trends, cost drivers, and savings opportunities across IT spend categories.
Skills and Experience Specification:
- Several years of experience of sourcing the relevant spend categories in a blue-chip environment, with a proven track record of successfully leading commercial and contract activities.
- Experience in supporting the development and maintenance of category and sub-category plans.
- Experience with assisting portfolio opportunity analysis and subsequent benefit delivery.
- Ability to effectively influence the sourcing strategy for individual projects.
- Ability to lead market analysis, competitive bidding and negotiation activities, with a range of value and complexity.
- Ability to re-negotiate contracts and extract value from incumbent suppliers.
- Excellent understanding of commercial levers and legal terms and conditions, relating predominantly to IT Professional Services and Software contracts.
- Strong and experienced commercial and contract negotiator.
- Is highly credible and an effective communicator.
- Self-starter who can work with minimal supervision and manage a large volume of projects.
- Can contribute effectively to and/or co-ordinate cross-functional teams.
- Can drive projects to a conclusion while maintaining a high quality of task delivery.
Essential:
- Excellent commercial and analytical skills.
- Excellent oral and written communication and problem-solving skills.
- Develop and maintain strong relationships with internal stakeholders.
- Ability to work with a degree of autonomy whilst working collaboratively with a wider team based in the UK, Europe and America.
Desirable:
- Knowledge of the operation of the London insurance market, its various participants and insurance regulatory requirements.
- Strong and confident negotiator at all levels.
- Confident and self-assured.
- Self-motivated and able to work well under pressure.
- Resilient, optimistic and open to change.
- Excellent communication, interpersonal and influencing skills.
- Results orientated with ability to plan and deliver against business deadlines.
What We Offer:
The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of companies is an equal opportunity employer.
Senior IT Sourcing Specialist in London employer: Tokio Marine HCC – A&H Group
Tokio Marine HCC is an exceptional employer that fosters a culture of integrity, empowerment, and collaboration, making it a great place for professionals to thrive. With a competitive salary and benefits package, including generous paid time off, flexible work schedules, and opportunities for advancement, employees can enjoy a rewarding work-life balance in the vibrant city of Boston. The company's commitment to innovation and employee growth ensures that every team member can make a meaningful impact while being part of a dynamic and rapidly growing organization.
Contact Details:
Tokio Marine HCC – A&H Group Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior IT Sourcing Specialist 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 Tokio Marine HCC – A&H Group.
✨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 Senior IT Sourcing Specialist 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 Tokio Marine HCC – A&H Group:Your cover letter should read like you’re chatting directly to Tokio Marine HCC – A&H Group. 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 Tokio Marine HCC – A&H Group.
How to prepare for a job interview at Tokio Marine HCC – A&H Group
✨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 Tokio Marine HCC – A&H Group!
✨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 Tokio Marine HCC – A&H Group. 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 Tokio Marine HCC – A&H Group's culture.
