Job summary We are seeking a skilled and motivated Strategic Procurement Manager to join our developing team in the specialist insurance and reinsurance sector at the heart of the Insurance market, You will play a pivotal role in helping to establish and mature the function, ensuring vendors meet or exceed their contractual obligations; identifying and leading on a broad range of Procurement projects and programs as well as contributing to the development of our process-evolution and business transformation agenda including Regulatory compliance readiness . Establishing and maintaining strong relationships within the business with all colleagues and stakeholders as well as externally with Key Partners and Third parties who support our business. Main duties Performance Management Activities Responsible for on-going, successful performance of Strategic partners and Key Vendor in terms of the service and products they are providing to Chaucer Group. Managing performance and mitigating supply-based risks of varying complexity; escalating or directly managing as appropriate on a case-by-case basis. Implementation of strategies that safeguard the company’s interest and maintain business resilience. Measuring vendor performance and holds them to their SLA’s and contractual obligations and other expectations as per the contract and the BU’s requirements. Proactively establishing and fostering successful, positive working relationships with vendor personnel. Driving vendor engagement through formal and informal interactions. Issue Management – responsibility for issue Management and for escalating any issues found by SMEs in their day-to-day interactions with Vendors. Track, monitor and report on benefits realised from sourcing engagements. Accurate and detailed record keeping in compliance with Procurement team practices and data sets. Provision of detailed, thorough, and accurate reports and data analysis as required. Compliance with all Group policies. Market Evaluation and Selection Identification of new / potential vendors through robust assessment, evaluation and analysis to present and support business recommendations. Including but not limited to Market Evaluations, Selections, RFIs and RFPs, Business requirements, Partner proposal analysis and CBAs. Leading negotiations with suppliers to secure optimal terms and conditions on the best commercial value, in compliance with company policy and industry regulations. Developing and maintaining a solid understanding of the business, business processes and procedures, to be able to effectively communicate these to partners and key vendors. Leveraging global agreements and contracts throughout the business to help drive value and cost benefits across the entire organization, while still recognising local needs and requirements. Contributing to a robust partner and vendor management information catalogue to support best practice in all areas of the business involving partner and vendor management including DR emergencies. Coordinating monthly or quarterly partner and vendor meetings as required, chairing meetings and ensuring accurate minuting and action recording, engaging key stakeholders as opportunities or issues arise. Ensuring transparency in all undertakings. Contract Negotiation and Management Leading negotiations to secure optimal terms and conditions on the best commercial value, in compliance with company policy and industry regulations. Leading and or supporting strategic procurement initiatives. Leading on supplier onboarding and due diligence checks from initiation through governance to contract execution and filing. Skills & Competencies Driven self-starter with focus on delivery and results Excellent Project management and self-organisational skills Business focus – active interest in the company’s business and commercial issues Problem solving – considering and evaluating all relevant factors Service oriented – we stand for excellence; our solutions are user friendly and add value to the business. Build relationships – enthusiastic and effective communicator Make an impact –represent the department in line with the highest professional standards and adapt style and approach to meet the needs of different audiences. Excellent numerical and analytical aptitude. Ability to provide clear and unambiguous guidance, data, reports and messaging in written and spoken formats. Demonstrable experience in procurement and supplier relationship management in a similar organisation / industry sector Excellent negotiating skills, influencing abilities and vendor management experience. Robust understanding of good procurement practice. Initiative to proactively identify and manage both opportunities and issues. Understanding of contract-law principles and ability to perform contract reviews across a variety of services and technology related contract models. Experience working in a matrix team environment and cross functional projects Experience of working compliantly across decentralised operational processes Experience working with business transformation projects and initiatives. Experience of working within a regulated industry (ideally Financial Services) Ability to manage complex interactions with vendors Experience in category planning and/or management Education MCIPS or equivalent procurement certification Educated to degree level or equivalent in a relevant subject ABOUT US Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups. Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website. Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process. Chaucer are a leading specialty (re)insurance group working with brokers, coverholders and clients to protect and support business activities around the world. Our services are accessed both through Lloyd’s of London and the company markets. We are defined by an enterprising, bespoke approach to (re)insurance, enabled by the individual character, experience and imagination of our expert teams. Chaucer is a member of the China Re Group and backed by their financial and operational resources. China Re is one of the world’s largest reinsurance companies whose outstanding and comprehensive strength is rated A (excellent) by AM Best and A (strong) by S&P Global Rating. Chaucergroup.com
