At a Glance
- Tasks: Lead vendor management and BPO operations, ensuring top-notch service delivery and contract compliance.
- Company: Join one of the UK's leading insurance groups with ambitious growth plans.
- Benefits: Competitive salary over £200K, flexible working, and direct board exposure.
- Other info: Opportunity for significant career growth while working with a global team.
- Why this job: Be a key player in shaping vendor relationships and driving innovation in a dynamic environment.
- Qualifications: Proven experience in vendor management, contract negotiation, and relationship building.
The predicted salary is between 150000 - 200000 £ per year.
One of the UK’s leading insurance groups requires a Director of Vendor Management and BPO. This is a hugely ambitious insurance group that has grown through acquisition to become a leader in the industry.
The position owns the end-to-end commercial relationship across captive and outsourced operations portfolio. This is a hands-on, senior role combining procurement/contract governance with day-to-day provider relationship management. The postholder provides the commercial authority and credibility needed to hold our outsource provider to the terms of their agreements and to escalate effectively when performance falls short.
This is the single point of commercial accountability for the company's multi-provider outsource portfolio. It is the most critical retained hire in the vendor management office structure. This role acts globally to manage existing relationships and ensure a clear articulation of the scope and quality of the service. The role owns the offshore strategy and works with the regions/providers to ensure global adoption, business process improvement, and technology innovation across the broker value chain.
Responsibilities:
- Own all commercial contracts with providers end-to-end.
- Lead contract negotiations/renewals, rate renegotiations, and SLA amendments; ensure the company is never in a position of auto-renewing on unfavourable terms.
- Key individual on any due diligence activities.
- Manage the contract register; maintain current, executed versions of all agreements including IDTAs.
- Instruct external legal advisers on contract matters; review and approve legal advice before escalation to COO.
- Drive MSA/contract renegotiations from input-based to outcome-based/step-down FTE provisions as automation matures.
- Act as the primary relationship owner with all three providers at account director/board level.
- Chair quarterly business reviews (QBRs) with each provider; ensure QBR outputs feed into the performance dashboard.
- Manage the escalation path for all P1/P2 incidents across the outsource portfolio.
- Maintain constructive but commercially robust relationships.
- Oversee onboarding of any future providers within the multi-provider model.
- Accountable for SLA compliance across all three providers; review the weekly performance pack produced by the Performance Analyst.
- Approve the monthly and quarterly performance reporting presented to the Group Operations Committee.
- Monitor benefits realisation against the Harley business case; escalate material variances to the COO and CFO.
- Oversee the VMO tooling suite (vendor management platform, SLA dashboards, contract repository); approve tooling changes.
The role reports directly to the COO and attends the Group Operations Committee. It is the most commercially exposed position in the retained VMO structure and requires an individual capable of holding captives and three provider relationships simultaneously while maintaining regulatory compliance and delivering a programme of continuous improvement.
This is a wonderful opportunity to join a hugely ambitious organisation on a growth trajectory reporting directly into the board COO. The role can be based out of the London or regional offices and is 2/3 days in the office with the rest remote. The package is based in the region of £150K with a total package exceeding £200K.
Director of Vendor Management & BPO in Slough employer: Ventula Consulting
Contact Detail:
Ventula Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director of Vendor Management & BPO in Slough
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and vendor management sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews by researching the company inside out. Understand their values, recent news, and challenges they face in vendor management. We want you to walk in with confidence, ready to discuss how you can help them tackle these issues head-on.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors. Focus on articulating your experience in contract negotiations and relationship management. We want you to shine when discussing your hands-on approach to managing provider relationships.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged. Let’s get you on board with us at StudySmarter!
We think you need these skills to ace Director of Vendor Management & BPO in Slough
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Director of Vendor Management & BPO. Highlight your experience in managing commercial relationships and contract negotiations, as well as any relevant achievements that showcase your ability to drive performance improvements.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific examples of how you've successfully managed vendor relationships and improved service quality in previous positions.
Showcase Your Strategic Thinking: In your application, demonstrate your strategic mindset. Discuss how you've developed and executed offshore strategies or driven business process improvements in past roles. We want to see your ability to think big and act decisively!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Ventula Consulting
✨Know Your Contracts Inside Out
Make sure you’re well-versed in the specifics of contract management and procurement processes. Brush up on your knowledge of SLAs, MSA negotiations, and how to handle contract renewals. Being able to discuss these topics confidently will show that you’re ready for the hands-on nature of the role.
✨Demonstrate Relationship Management Skills
Prepare examples of how you've successfully managed provider relationships in the past. Think about times when you’ve had to escalate issues or negotiate terms. This will help illustrate your ability to maintain constructive yet commercially robust relationships, which is crucial for this position.
✨Showcase Your Strategic Thinking
Be ready to discuss your approach to developing offshore strategies and driving business process improvements. Highlight any experience you have with technology innovation in vendor management. This will demonstrate your capability to think strategically and contribute to the company’s growth trajectory.
✨Prepare for Performance Metrics Discussions
Familiarise yourself with performance dashboards and how to monitor SLA compliance. Be prepared to talk about how you’ve used data to drive decisions in previous roles. This will show that you understand the importance of performance metrics in managing a multi-provider outsource portfolio.