Procurement Manager

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Job description

Our client, a leading financial services company is hiring a Procurement Manager on a contract basis.

Work Location:

Stamford, CT

Required Skills:

• A 4-year degree from an accredited college or university (BA/BS or equivalent) with emphasis on the areas of business, economics, finance, procurement or legal or comparable professional education.
• At least 5+ years working experience with 3+ years of experience in similar or adequate role in a either a Procurement environment or an Insurance Procurement/Claims Vendor Management support position.
• Deep knowledge of the relevant supply markets with particular emphasis on Insurance, Claims, Legal and Non-legal services and the ability to interpret & match to business requirements
• Experience with large P&C insurance company/industry; claims handling knowledge a plus
• Proven ability to drive category strategy and setup supplier selection and management
• In depth knowledge of Procurement processes and methodologies including Supplier Relationship Management, Business Partnering and Category Management, external trends and current best practice including contract management
• Knowledge of the international market players, trends and best practices for Insurance Services procurement
• Experience in outsourced Underwriting and Claims handling and Claims Legal Defense in commercial lines of business
• Knowledge and experience in Claim Management, Liability, Warranty and international procurement related legislation
• Business management - particularly legal & contractual aspects of purchasing
• Business ethics and corporate governance
• Strong negotiation and contract management skills, specifically within the parameters of Insurance related vendors, Claims legal and non-legal service providers
• Ability to establish strategic direction & develop & implement sourcing strategies
• Good interpersonal skills - internal influencing, "selling" stakeholder management, persuasiveness
• Multi-lingual capabilities a plus (French, Italian, German)
• Excellent communications skills in order to interface with suppliers and internal customers
• Team player- ability to work in a team environment in order to deliver strategic goals
• Global experience in a large multinational / multicultural organization
• Expected to have strong procurement experience or the ability to quickly acquire complex strategic procurement skills
• Expertise in negotiations with suppliers on agreements which carry high business impact
• Excellent analytical, presentation, communication, interpersonal and influencing skills
• Action oriented and solution minded team player with high degree of self-management

Responsibilities:

• Analysis of spend and a detailed understanding of both the Insurance and Claims Procurement supply market(s) in the global regions of APAC/Europe; develop and implement sourcing strategies which support the business strategies and leverage the spend
• Implement sourcing projects, including RFx, and be accountable for results
• Develop and manage supplier relationships, including the negotiation of commercial contracts, contract performance and service delivery
• Identify and communicate best practices and develop benchmarks that compare internal performance to industry best practice
• Enable and ensure transparency of spend and drive for an optimization of efficiency (procedures and cost) in collaboration with stakeholders
• Lead supplier selection processes in alignment with business partners and negotiate contracts up to final authorization including dispute resolution, approving and qualifying vendors as well as authorization of contracts and purchase order
• Lead and participate in cross-functional teams in procurement and general projects as well as pro-actively supporting other team members in their tasks and activities
• Continuous learning and development of the procurement knowledge and methodologies driving innovation and continuous improvement within the procurement function and specifically for legal and non-legal services

• Practice and lead by example the use of common, efficient, ethical procurement processes & procedures.
• Educate customers in relevant procurement and contract management skills and techniques; ensure compliance with procurement policies, standards and guidelines.

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