Strategic Procurement Manager

2 months ago


Hong Kong, Central and Western District, Hong Kong SAR China Prudential plc Full time
Job Description

At Prudential plc, we are seeking a highly skilled and experienced Strategic Procurement Manager to join our team. As a key member of our procurement function, you will play a critical role in driving cost optimization initiatives and delivering value-added solutions to our business.

Key Responsibilities
  • Develop and implement sourcing strategies that align with our Group Procurement objectives, ensuring maximum cost savings and minimal risk.
  • Lead end-to-end buying activities above procurement threshold, collaborating with stakeholders to understand business requirements and aligning procurement strategies with organizational goals.
  • Join tendering and evaluate vendors for significant company buying activities, introducing vendors to the business for RFP processes and providing guidance on comprehensive supplier evaluations.
  • Negotiate favorable commercial terms, including pricing, payment terms, and service level agreements, ensuring stakeholders monitor contract performance periodically and manage contract renewals.
  • Continuously utilize best procurement practices, identify continuous improvement opportunities, and support compliance to the Procurement Policy, driving awareness and compliance across the business.
Requirements
  • Bachelor's degree in business administration, supply chain management, or a related field.
  • Minimum 6 years of experience in strategic sourcing, preferably in the insurance industry.
  • Proven experience in procurement functions, with a track record of delivering cost savings and value-added initiatives.
  • Strong negotiation and contract management skills, with the ability to manage complex contracts and supplier relationships.
  • Excellent communication and stakeholder management skills, with the ability to work effectively with cross-functional teams.
  • Experience across non-IT procurement categories, such as professional services, travel and entertainment, HR, marketing, and general office expenses.
  • A strong passion for procurement and vendor management, with a willingness to challenge the status quo and work independently under tight deadlines.
What We Offer

We offer a dynamic and supportive work environment, with opportunities for professional growth and development. If you are a motivated and experienced procurement professional looking for a new challenge, we encourage you to apply for this exciting opportunity.



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