Procurement Manager

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

To liaise with stake holders to develop and implement category plan and strategic sourcing.

To handle company procurement requests following the defined strategic sourcing to ensure the best values are delivered to the Company and risks to the Company are minimized /mitigated through effective contractual and service level agreement, whilst achieving cost savings (cost avoidance and cost reduction) for Prudential.

Responsibilities:

Develop category plan and partnering with the business stakeholders to understand sourcing needs

Establish and drive cost saving targets. Control spend and build up a culture of long-term savings for third party spend

Highlight purchasing trends and analyze spend to management for action to be taken through new principal sourcing plans

Provide optimum sourcing strategy to deliver the most valuable and righteous goods and services and beyond the corporate standards

Act as Procurement Business Partner to support business in awareness and compliance to procurement policies and procedures, third party risk governance

Ensure strategic sourcing implemented

Identify new vendors as necessary and determine the optimal set of providers for goods and services

Develop and maintain procurement network

Manage daily operations related to in-charged categories

Perform other tasks as appropriate within competence as assigned by Line Manager/ Head of Procurement or Company’s management.

Accountabilities:

Manage to achieve the set objectives

Develop and implement category management plan and strategic sourcing

Collaborate spend governance with business stakeholders

Ensure the projects are delivered with the agreed quality on a timely manner

Ensure all the works are strictly complied with Company’s procedures & regulation

Partner with regional / global procurement team in big projects.

Requirements:

Qualification:

Mandatory: Bachelor’s degree (Law/Commerce/Economics/Foreign Trade/Finance)

Knowledge:

Procurement and Supply chain with best practice and worldwide standards.

Broad and deep technical knowledge of commodity and product including specification, market trends and supply base, especially for IT category.

Advantage: BSs degree in supply chain management / International certification of procurement / supply chain.

Experience:

Mandatory: At least 5 years of experience at an independent level or as a Business Partner

Advantage:

- Prior experience of Procurement systems, especially global platforms like SAP, Ariba, Oracle, Coupa.

- Prior experience of Procurement in financial industry / in MNCs

Knowledge and skill set:

Mandatory:

Strong leadership capabilities – ability to act as team leader for special assignments; leadership demonstration in development of purchasing skills and specific commodity knowledge for project team members.

Communication skills – excellent verbal, written and oral capabilities to deal independently with internal customers and external resources

Interpersonal skills – ability to build effective organizational relationships inside and outside the department,

Good understanding of procurement tools & processes

Knowledge of Contract management and Vendor performance management

Fluency in English, especially speaking and business writing. Experience to work with foreign third party.

Good computer skills and proficient in Excel, Word, Outlook, Teams, PowerPoint, etc.

Advantage:

Risk management

Financial & legal aspects knowledge

Ethics policies knowledge

ESG

Job’s attributes:

Integrity

Business acumen

Results orientation

Innovative

Critical thinking

Core Competencies:

5 Pruways

Execution Competency

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.

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