Procurement Manager (Insurance Industry)
About this position
The Procurement Manager will oversee the procurement activities for both IT and non-IT items within the insurance business. This role requires close coordination with regional teams to ensure efficient and cost-effective purchasing while adhering to company policies and regulatory requirements. The ideal candidate will have strong negotiation skills, leadership skill, and the ability to manage supplier relationships effectively.
Responsibilities
• Strategic Procurement Planning: Develop and implement procurement strategies for IT and non-IT items to meet the company's operational requirements and budget constraints.
• Vendor Management: Establish and maintain relationships with suppliers, negotiate contracts, and ensure supplier performance meets the company's standards and expectations.
• Cost Management: Identify cost-saving opportunities and implement initiatives to reduce procurement expenses without compromising quality or service levels.
• Compliance: Ensure all procurement activities comply with company policies, industry regulations, and legal requirements.
• Collaboration: Coordinate with regional teams to understand their procurement needs, provide guidance, and ensure alignment with the overall procurement strategy.
• Risk Management: Identify and mitigate risks associated with the procurement process, including supply chain disruptions, quality issues, and contractual disputes.
• Continuous Improvement: Drive continuous improvement initiatives to enhance the efficiency and effectiveness of the procurement function.
Requirements
• Bachelor's degree in Business Administration, Supply Chain Management, or a related field. A master's degree or relevant certification (e.g., CPM, CPSM) is a plus.
• Minimum of 5-7 years of experience in procurement
• Experience in the insurance, Banking or Leasing industry is highly desirable.
• Very good command in English