Live Vacancies

Procurement Lead

  • Location

    London, England

  • Sector:

    Change & Transformation

  • Job type:


  • Salary:

    £70000 - £90000 per annum + + benefits

  • Contact:

    Calum Armour

  • Contact email:


  • Job ref:


  • Published:

    4 months ago

  • Expiry date:


  • Consultant:


Procurement Lead - Insurance - Permanent

I am currently working with a multi-billion-pound FTSE 250 insurance company who are seeking a Procurement Lead for their London offices.

You will be working in a newly created role and department where you will have full ownership of the vendor management process and have the opportunity to make a massive impact on the business.

You will be working alongside the head of business transformation in order to mold the procurement process in line with the strategic vision of the business.

You will be expected to renegotiate existing contracts and educate key stakeholders in the business on the new procurement processes.

This role will be a blended approach of office and home working.

The Role

  • Lead the vendor management process and ensure that the setup of the new department is in line with the aims of the business strategy
  • Ensure all procurement activities meet the objectives of the business transformation
  • Manage all vendor relationships as sole point of contact within the business
  • Work with internal stakeholders to ensure the best procurement processes are implemented
  • Compile and assess all existing vendor agreements in order to renegotiate contracts and improve products and services
  • Source new products and services that will help the business meet their aims and negotiate contracts with new vendors
  • Educate internal stakeholders on new procurement processes and ensure they work within the agreed internal framework
  • Manage all vendor relationships as sole point of contact within the business
  • Build department framework to ensure vendor selection is of the highest quality
  • Work with compliance to ensure set up of the contracts are in line with the relevant industry standards
  • Upkeep of all procurement expenditure
  • Risk assessments of new and existing vendors and report any vulnerabilities to the business
  • Measure performance of all vendors and make changes or improvements on products or services where necessary
  • Communicate procurement strategy and performance to key internal stakeholders

Required Experience

  • Minimum 5-7 years within vendor management
  • Excellent knowledge of the IT industry, products and services
  • A financial services background (insurance would be advantageous)
  • Extensive experience of managing vendors including a thorough understanding of the full vendor life cycle
  • Vast experience negotiating with potential vendors and renegotiating with existing vendors
  • Ability to educate internal stakeholders on new processes
  • 3 years of supervisory experience
  • Familiarity with regulatory and industry requirements
  • Advantageous qualifications: CIPS, CPSM, CTPE or SFIA

If you have the required skills for this role, please send your CV to calum@pioneer-search.com

Procurement Lead - Insurance - Permanent