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Sourcing Manager (Procurement)

Legal & General
Hove, United Kingdom
Closing date
Mar 22, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Company Description

Helping over ten million people around the world manage their savings, retirement plans and life insurance requires a lot of people behind-the-scenes. It's up to us in L&G Group functions - which includes our tech and digital teams, Group Finance, HR, Risk and Corporate Comms to provide the essential support services that all areas of the business need, here in the UK and overseas. Simply put, we enable everyone at Legal & General to do what they do best. That means we're helping to improve our customers' lives, and contributing to the success of the business every day.

Job Description

Location - Hove (hyrbid)

Contract Type - Full time. Permanent.

Your role at a glance

Would you like the opportunity to join an emerging Procurement Team in a FTSE 100 business?

Due to exciting transformation, we are pleased to announce an opportunity for a Sourcing Manager with in-depth knowledge in Sourcing and indirect Procurement, to join our Procurement & Supplier Management (GPSM) team.

In this exciting role, you'll have the opportunity to plan and lead sourcing activities as required in accordance with policy, risk appetites and regulations. This will include supporting the business partnering leads and senior sourcing managers to negotiate contracts and commercial terms to maximise value for money and manage risk as appropriate.

This is fantastic opportunity to work in a role that is full of variety and opportunity for you to develop your skillset and career. You'll be giving the autonomy to take ownership of your work, working in a flexible and innovative environment.

What you'll be doing
  • Conduct sourcing activities and negotiations for renewals, in-life negotiations and new supplier engagements ensuring relevant control and governance requirements are met, as demand dictates
  • Ensure all contracting and commitment to spend is undertaken and governed in accordance with good practice and authorities and in line with business strategy and requirements.
  • Actively identify and lead opportunities to drive value and improve performance of potential supply base while seeking to reduce cost and risk and improve performance and value
  • Support sourcing metrics, KPIs, and targets to ensure delivery of measurably exceptional outcomes to Legal & General
  • Support monitoring of adherence to established contracts and realisation of savings, collaborating with contract management and supplier relationship management (SRM) teams as required
  • In all situations where suppliers provide goods and services directly to our external customers, ensure that procurement activity and supplier relationships are managed in line with Legal & General's Consumer Duty commitments.

What we're looking for
  • You'll have an in-depth knowledge in Sourcing, Procurement and Supply Chain including either category management or sourcing execution and using procurement technology.
  • You'll have a good knowledge of contracting principles and associated legal frameworks, understanding of spend categories, financial models, regulatory landscape, and impact on commercial agreements
  • You'll need an understanding of tools and techniques to execute strategic sourcing (e.g., RFQ process, spend analytics, e-RFQ tools, etc.)
Additional Information

When you commit to Legal & General, we'll commit to you too. That means we'll recognise and reward your hard work, your performance and your contribution.

If you join us, you'll get access to some great benefits, including private medical insurance, 27 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection. You can participate in our electric car scheme, which offers employees the option to hire a brand new electric car through tax efficient salary sacrifice. We're also proud to offer competitive family leave.

You'll have the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes. And then there are the many discounts we offer that you can take advantage of - both for our own products and at a range of high street stores and online offerings.

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we've grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands.

We're all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you'll find a balance that helps you be your best. Empowered by hybrid working, we're supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there's over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don't have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don't just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it's important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we're always open to discussing flexible working arrangements. Likewise, we're committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

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