Head of Procurement – Insurance & Investment Industry

SUMMARY:
Are you a strategic procurement leader looking for a career-defining opportunity in the insurance and investment sector? Our client, a leading financial services provider, is seeking an experienced Head of Procurement to drive procurement excellence, optimize supplier relationships, and ensure cost-effective procurement strategies that align with business objectives.

POSITION INFO:
This role requires a commercially astute professional with deep expertise in procurement governance, contract management, and supplier risk mitigation within a regulated financial environment.

Key Responsibilities:

• Develop and implement procurement strategies that align with corporate objectives, ensuring cost efficiency, quality, and compliance with regulatory requirements.
• Oversee end-to-end procurement processes, including vendor selection, contract negotiations, and performance management.
• Drive supplier relationship management, ensuring long-term strategic partnerships that enhance service delivery and cost savings.
• Ensure compliance with financial regulations and procurement best practices within the insurance and investment industry.
• Lead and mentor the procurement team, fostering a high-performance culture with a focus on innovation and continuous improvement.
• Collaborate with key stakeholders, including finance, legal, and risk teams, to align procurement initiatives with broader business goals.
• Optimize procurement policies and governance frameworks, ensuring adherence to industry standards and internal controls.
• Manage procurement budgets and cost-saving initiatives, identifying opportunities for operational efficiencies and value creation.
• Leverage technology and data analytics to enhance procurement decision-making and supplier evaluation.

Minimum Requirements:

• Bachelor’s degree in Supply Chain Management, Procurement, Finance, Business Administration, or a related field.
• A postgraduate qualification (CIPS, MCIPS, or MBA) is highly advantageous.
• 8-10 years of procurement experience, with at least 5 years in a senior/leadership role.
• Industry experience in financial services, insurance, or investment is essential.
• Strong understanding of procurement regulations, governance frameworks, and compliance within the financial sector.
• Proven track record in strategic sourcing, supplier management, and contract negotiation.
• Excellent leadership, stakeholder engagement, and decision-making skills.
• Proficiency in ERP procurement systems (SAP, Oracle, or similar) and data analytics tools.