Procurement Manager, Lloyd's

Explore a Career in Procurement at Lloyd's: Shape a Braver Future

Are you a strategic procurement professional looking to make a tangible impact on a global scale? Lloyd's, the world's leading insurance and reinsurance marketplace, is seeking talented individuals to join their dynamic team. This is an exceptional opportunity to leverage your expertise within a market renowned for its collective intelligence and risk-sharing innovation. If you're passionate about driving progress and building a more sustainable, resilient, and inclusive future, Lloyd's offers a platform where your ambitions can truly flourish.

The Opportunity: Procurement Delivery Lead Support

This role is instrumental in supporting the Procurement Delivery Lead to achieve key objectives aligned with Lloyd's overarching procurement strategy. You will be at the forefront of providing a comprehensive commercial procurement category management function, overseeing all spend categories with external suppliers. This position is designed for individuals who thrive on strategic thinking, analytical problem-solving, and delivering significant commercial value.

Key Responsibilities and Advantages for Candidates:

• Strategic Category Development: Play a pivotal role in shaping and executing category strategies. This is your chance to influence how significant portions of spend are managed, driving efficiency and effectiveness across the organization.
• Complex Sourcing Leadership: Lead intricate sourcing activities that deliver substantial financial savings and measurable benefits. You'll develop a deep understanding of category insights and analytics, honing your ability to identify and capitalize on opportunities.
• Innovation and Benchmarking: Drive the identification of savings opportunities by benchmarking against industry best practices and identifying "quick win" initiatives. Your analytical skills will be key to uncovering innovative approaches.
• Expert Sourcing Execution: Utilize leading procurement tools and methodologies to develop and implement robust sourcing strategies. This includes deep dives into supply market positioning, supplier assessment, financial analysis, and mastering tools like RFIs, RFPs, RFQs, and e-auctions.
• Contract Negotiation and Management: Negotiate complex contractual agreements that secure optimal service, quality, added value, total cost, and supplier innovation. You will gain invaluable experience in navigating regulatory environments.
• Supplier Relationship Management: Cultivate and manage strong, collaborative relationships with suppliers, fostering an environment of mutual growth and innovation.

What Sets This Opportunity Apart:

• Impactful Work: Contribute to Lloyd's mission of inspiring courage and enabling progress by managing risks for a braver world. Your work directly supports the market's ability to tackle complex challenges.
• Career Development: Lloyd's is committed to your professional growth. You'll benefit from financial support for training and education, mentoring opportunities, and a culture that invests in developing talent for the future.
• Diversity and Inclusion: Be part of an organization that genuinely values diversity and inclusion. Lloyd's strives to create an environment where everyone is treated with dignity and respect, fostering a sense of belonging and enabling individuals to achieve their full potential.
• Work-Life Balance: Enjoy the benefits of a flexible working model, including a hybrid approach that blends office and remote work. This flexibility is part of a comprehensive total rewards package.
• Comprehensive Benefits: Beyond a generous pension and healthcare, you'll have access to a flexible benefit allowance for personal choices (e.g., gym membership, extra holiday), an employee recognition scheme, and various discount programs.
• Collaborative Environment: Work alongside some of the brightest minds in the insurance and reinsurance industry, collaborating with underwriters and brokers to create innovative solutions.

Key Considerations for Your Career Path:

• Commercial Acumen is Key: This role demands a strong understanding of commercial principles and the ability to translate them into actionable procurement strategies.
• Business Partnering Skills: You'll be expected to provide excellent business partnering support, collaborating effectively with stakeholders across various departments.
• Influence and Negotiation Expertise: The ability to influence senior stakeholders, build collaborative sourcing plans, and negotiate effectively at all levels is crucial for success.
• Strategic Sourcing and SRM: A proven track record in strategic sourcing and managing complex supplier relationships will be highly valued.

If you are a driven procurement professional seeking a challenging and rewarding career that aligns with your values and offers significant growth potential, Lloyd's presents a compelling opportunity. Join a team that is dedicated to building a more sustainable, resilient, and inclusive future, one braver step at a time.