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- £40k - 50k per year
- Full Time
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Job Title – Senior Procurement Officer (Insurance or FInancial Services)
Contract – Permanent
Salary – GBP40,000 – GBP50,000
Location – London
Managing the end to end UKB procurement processing function including supporting financial controls. This role will provide high quality procurement guidance, advice and support to internal stakeholders. The role will be responsible for the full range of business processes required for the purchasing of all goods and services in the UKB and the efficient setup, control and reporting on all expenditures and aligned with budgets. In addition, this role will support, manage and maintain the UKB procurement system iValua. This role will be required to work with the finance and IT departments as well as Group Procurement.
Manage the end to end function for the procurement of all goods and services in UK.
Ensure that procurement processes satisfy all compliance and audit requirements with respect to segregation of duties, approval limits, approvals and audit trails.
Leverage on the new iValua solution to increase automation and process industrialization.
Leverage on iValua to monitor and optimize costs on a regular basis, by providing periodic reporting for relevant stakeholders, by regularly monitoring unit costs and volumes and identifying ways to reduce the overall addressable spend.
Ensure that all employees have appropriate access and security levels within the procurement system iValua.
Work with the UKB finance function to ensure all vendors are correctly setup, relevant due diligence is completed and purchase orders are timely raised for all expenditures in UKB.
Ensure purchase orders are created in accordance with our clients policies and procedures.
Monitor the market through benchmarking to improve cost and quality provided to the UKB.
Ensure contracts are maintained, managed and recorded using the contract management functionality within iValua including contract periods and renewals.
Conduct appropriate supplier due-diligence to identify supply chain risk and provide support and guidance to stakeholders on appropriate supplier evaluation and risk mitigation methods.
Find and develop partnerships with local and international suppliers that can provide high quality services, in a cost-conscious way (including discount structures and volume rebates).
Produce regular reports on supplier/contract performance against agreed measures, which both monitor progress and enable effective decision-making.
Provide high level system support to stakeholders for iValua.
From time to time any other duties as deemed necessary by the Head of Procurement & Facilities in line with the responsibilities of the department and cover other team members during periods of absence
This role requires:
Aptitude for financial management and budget preparation Exceptional organisational abilities
Ability to build and manage stakeholder relationships Strong focus on process and audit
Excellent written and oral communication skills
Type of Experience Required:
A solid financial background, in-depth business knowledge of procurement, financial and approval processes.
If you have the relevant experience, please do not hesitate to contact us on 0203 411 8430 or email us at firstname.lastname@example.org.
Please Note: Due to the sheer volume of applications we receive, we will only contact successful applications. Therefore, if you have not heard from us within 10 working days please deem your application as unsuccessful.
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