Sourcing Category Manager – Insurance
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Key skills for this role
About the Role
Dicetek LLC seeks a Sourcing Category Manager with deep insurance expertise to lead strategic sourcing for insurance categories including medical, life, credit life, general, financial lines, and trade finance.
Key Skills for This Role
Responsibilities
- Lead vendor selection and negotiation process; establish and maintain contractual and business relationships with vendors; monitor contract compliance
- Drive annual productivity improvements in each spend category; develop and implement ideas to optimize total cost year over year
- Ensure strategies are implemented and reductions secured according to implementation plans; address noncompliance issues with business unit leadership
- Develop, implement, and monitor business unit satisfaction with key suppliers; develop expertise in assigned spend categories
- Identify and communicate new technologies and solutions to Company's key problems in assigned spend areas; be first line of contact with suppliers
- Identify/define sourcing best practices and work with key stakeholders to ensure adoption across Company's Groups, segments and subsidiaries
Requirements
- In depth understanding and experience in Insurance (Medical & Life, Credit Life, General, Financial lines, Trade Finance and brokers engagements)
- 3 to 5 years’ experience in Insurance & brokers relation
- Bachelor's Degree
- Certificate or master’s degree in insurance
- CIPS level 3, Level 4 or higher preferred
Full Job Posting
Job Purpose
- To apply for this role, it is essential to have in depth understanding and experience in Insurance (covering Medical & Life, Credit Life, General, Financial lines, Trade Finance and brokers engagements).
- The Sourcing Manager (reporting to the Business Sourcing Senior Manager) is responsible for the Group insurance including international.
- The Sourcing Manager will be executing strategic sourcing initiatives for specific categories (Insurance) to drive cost efficiencies, supplier performance, and category management excellence.
Experiences
- Successful, multi year track record in a sourcing organization is an advantage.
- 3 to 5 years’ experience in Insurance & brokers relation
Knowledge & Skills
- Technical skills: problem solving and analytical skills, negotiations skills, clear understanding of S2C cycle and drivers of costs savings / efficiency in Insurance.
- Managerial skills: project management, negotiating skills, organized and detail oriented, quick learner.
Education
- Bachelor's Degree
- Certificate or master’s degree in insurance
- CIPS level 3, Level 4 or higher preferred
Main Tasks
- Leads the vendor selection and negotiation process; establishes and maintains contractual and business relationships with the vendors; monitors contract compliance.
- Drive negotiations with individual vendors to ensure cost savings objectives while maintaining supply quality.
- Drive annual productivity improvements in each spend category. Develop, champion, and ensure implementation of ideas that will optimize Company's total cost year over year for assigned spend categories.
- Ensure strategies are implemented and reductions secured according to implementation plans. Contract compliance will be actively monitored by the Sourcing Manager and when required, the Sourcing Manager will work with business unit leadership to address noncompliance issues.
- Develop, implement, and monitor business unit satisfaction with key suppliers and the support/responsiveness of the centre purchasing activity for assigned leverage commodities.
- Identifying and communicating new technologies and solutions to Company's key problems in the assigned spend areas. Be the first line of contact with suppliers.
- Identify/define sourcing best practices both within and external to Company and work with key stakeholders to ensure that those best practices are widely adopted by Company's Groups, segments and subsidiaries.
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