Strategic sourcing & Vendor Manager

Strategic sourcing & Vendor Manager

Posted 5 days ago by SiriusPoint

Negotiable
Undetermined
Undetermined
London Area, United Kingdom

Summary: The Strategic Sourcing & Vendor Manager at SiriusPoint will play a crucial role in developing a new procurement and vendor management function, focusing on optimizing vendor spend and mitigating risks. This position involves analyzing vendor performance, establishing management procedures, and ensuring compliance with key performance indicators. The role requires strong organizational and negotiation skills, along with a minimum of five years of relevant experience in vendor management and procurement.

Key Responsibilities:

  • Contribute to the development of procurement and vendor management strategies, policies, systems, and processes.
  • Understand and analyze vendor spending by category, cost center, region, and vendor.
  • Classify, rationalize, and optimize the vendor portfolio, focusing on strategic vendors.
  • Create and manage contract, performance, relationship, and risk management procedures.
  • Establish clear metrics across all key performance indicators (KPIs) for performance management.
  • Identify and execute value opportunities with key vendor relationships.
  • Analyze vendor delivery issues and assist in resolving disputes.
  • Manage communications with vendors and mitigate vendor risks.
  • Conduct due diligence on vendors to ensure financial viability and compliance.
  • Assess and report on vendor risk levels based on various criteria.
  • Establish a matrixed Global Operating Model for Vendor management.

Key Skills:

  • Minimum 5 years of experience in vendor management and third-party vendor management.
  • 5 or more years of experience in project/asset management, procurement, and vendor relations in a technology environment.
  • Proven ability to establish and adjust KPIs based on changing geopolitical events.
  • Strong organizational, execution, and negotiating skills.
  • Understanding of operations economics and cost drivers.
  • Information Technology Infrastructure Library (ITIL) experience is desired but not required.

Salary (Rate): undetermined

City: London

Country: United Kingdom

Working Arrangements: undetermined

IR35 Status: undetermined

Seniority Level: undetermined

Industry: Other

Detailed Description From Employer:

Who We Are SiriusPoint is a global underwriter of insurance and reinsurance. We utilize deep risk capabilities to protect our customers and provide intelligent risk solutions to clients and brokers around the world. Bermuda-headquartered and listed on the New York Stock Exchange (SPNT), we work as ‘One SiriusPoint’, to apply expertise and underwrite risks across our four operational areas - International Insurance, North American Insurance, Global Accident and Health, and Global Reinsurance. We have underwriting hubs in Bermuda, Liege, London, New York, Zurich, and Stockholm, and licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Join Our Team You will contribute to the development of a recently established procurement and vendor management function including strategy, policy, systems and processes to optimize spend and mitigate risk, maximizing value realization from all vendors Understand vendor spending by category, cost center, region and vendor. Classify, rationalize and optimize the vendor portfolio, and concentrate efforts on managing the most strategic vendors. Create contract, performance, relationship and risk management procedures. Ensure there are clear metrics across all key performance indicators (KPIs) to ensure strong performance management. Identify and execute value opportunities with key vendor relationships. Analyze vendor delivery problem areas and help resolve issues and disputes. Manage the communications process with vendors. Mitigating, monitoring and managing vendor risks Conducting due diligence on vendors to confirm financial viability, business continuity and corporate and regulatory compliance. Assess and report on the risk level of vendors based on financial, skills, tools and the use of third parties. Establish a matrixed Global Operating Model for Vendor management Your Skills and Abilities Should Include: Minimum 5 years of experience in vendor management, including management of third-party vendors, in-depth sourcing and commercial expertise. 5 or more years of experience in project/asset management, procurement, and vendor relations in a technology environment are desirable. Proven ability to establish KPIs and adjust those KPIs based on changing Geo-Political events Strong organizational, execution and negotiating skills. Must be able to grasp operations economics & cost drivers. Information Technology Infrastructure Library (ITIL) experience is desired, but not required. We Achieve More Together We value and support the unique voices, backgrounds, lifestyles, and contributions of a diverse global employee base that contributes to our culture every day. Diversity, Equity, Inclusion and Belonging (DEI&B) is imperative to our success. We are building an environment that imbeds DEI&B into everything we do and enables us to unlock critical drivers of equality, innovation and success. We want everyone to be included, valued, respected and supported to unleash their full potential.