Senior Manager, Group Procurement

7 months ago

Hong Kong, Hong Kong SAR China FWD Life Insurance Corporation Full time

About FWD Group

FWD Group is a pan-Asian life insurance business with more than 13 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience.

For more information, please visit

Purpose

Key team member driving procurement transformation across the Group.

Lead the development and implementation of procurement strategies for technology, digital & data related categories.

Manage category management activities, sourcing, negotiation and contracting process for strategic and material spend to drive leverage, deliver cost and strategic benefits

Lead vendor risk management and cost management initiatives.

Key Accountabilities

Manage procurement categories with primary focus on technology, digital, data & analytics related spend and global vendor strategy

Lead the development of category sourcing plan that sets short, medium and long term goals and objectives, partnering with the Group functions and business units’ key business stakeholders

Identify opportunities for operational efficiencies, risk mitigation and cost savings.

Implement appropriate category strategy across the Group to deliver target benefits and financial savings

Execute end-to-end sourcing activities including but not limited to internal requirement analysis, supply market analysis, sourcing strategy development, competitive bidding process, commercial and contract negotiation. Collaborate with business stakeholders throughout the process.

Provide inputs for impact assessment and management of potential risk associated with different sourcing strategies. Conduct vendor risk management and due diligence activities.

Support procurement function related transformation projects and organization development in Group Office and Business Units.

Key procurement business partner for the designated business functions and categories. Support and provide guidance to stakeholders on procurement best practice and risk management. Build business partnership, drive awareness and compliance of policy across the Group.

Manage key vendor relationships to optimize performance on cost, service and quality, including technical input to negotiations on strategically significant contracts.

Commit to deliver annual savings target for designated spend categories.

Support enhancement of procure-to-pay process and development of contract management initiative

Support development and implementation of vendor risk and lifecycle management framework.

Identify potential supplier rationalization opportunity.

Qualifications / experience

Over 12 years of relevant experience in procurement managing technology related categories. Strong understanding and hands-on experience of procurement category management best practice, global and regional supply market, strategic sourcing, track record of end-to-end sourcing execution on high spend strategic negotiations, contract development and vendor management.

Experience working in financial institutions, preferably global/regional insurance company and relevant experience in top tier consulting firms

Experience working in a dynamic, fast-growing, multi-national and -cultural business organizations

Bachelor’s degree in Supply Chain Management, Business or other relevant degree

Deep understanding and experience of contracts with complex structure and maintenance requirement

A good technical appreciation of the range of procurement categories

Knowledge and experience of source-to-pay system is essential, preferably Oracle Finance and Procurement systems

Proven change management capability

Excellent analytical and problem-solving skills with good attention to details

Excellent written and oral communication skills and strong relationship management with stakeholders at different levels

Strong influencing skills at senior levels to influence acceptance of a new way of working and sourcing strategy

Ability to negotiate at the highest levels with vendors

Self-motivated, able to work independently and in a team to drive cross functional collaboration

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