Senior IT Sourcing Specialist

Overview:

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.

Performance Objectives:

• Securing favourable contract terms.
• Successful supplier negotiations.
• Leading Sourcing events.

Skills and Experience Specification:

• 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.