Sourcing Category Manager – Insurance
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Key skills for this role
About the Role
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.
Key Skills for This Role
Responsibilities
- 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.
- 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.
- 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.
Requirements
- In depth understanding and experience in Insurance (covering Medical & Life, Credit Life, General, Financial lines, Trade Finance and brokers engagements)
- Experience in strategic sourcing initiatives for specific categories (Insurance)
- Ability to lead vendor selection and negotiation process
- Drive annual productivity improvements in each spend category
- Develop, implement, and monitor business unit satisfaction with key suppliers
- Identify/define sourcing best practices
Full Job Posting
Role Overview
- 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.
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. Develop expertise in the assigned spend categories for the assigned market and category
- 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. Regularly exchange best practice with counterparts across Group Locations
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