Job Description

Roles & Responsibilities

• 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. This role focuses on managing vendor relationships, negotiating favourable terms, and ensuring compliance with sourcing policies and regulations. The Manager also optimizes sourcing operations and delivers value through supplier relationships.

  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

Desired Candidate Profile

• 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