Procurement Manager

1 month ago

Mumbai, India M&G plc Full time
We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited). We are a fully owned subsidiary of the M&G plc group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003. The company has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G plc's ambition to be the best loved and most successful savings and investments company in the world.

Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI & Insights), Business Transformation, Management Consulting & Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk & Compliance and Audit provide our people with exciting career growth opportunities.

Key Responsibilities:
  • Supporting the delivery of the category strategies, driving efficiencies and savings for the business and supporting delivery of business strategy and third party supply chain control
  • Understanding and identifying market trends and intelligence to deliver value and innovative solutions that will achieve business success
  • Delivering an excellent procurement service to internal customers/stakeholders
  • Managing supplier relationships during the procurement projects and interventions
  • Creating a supply chain that aligns with Procurement & Business Strategy
  • Building strong working relationships with core centralized teams (such as IT Security, Legal and Financial Crime)
  • Driving continuous improvement for the processes utilized within their team and across the Procurement function


Decision making
  • This role operates with a high level of autonomy and is fully accountable for the delivery of work assignments and projects on time, within budget and to expectations in terms of quality, deliverables and outcomes.


You will have:

  • Good knowledge of strategic procurement and category management theories and concepts, financial risk and liability, including understanding the Procurement risks associated with indirect supply chain
  • Strong analytical skills with the ability to cut through information and draw out key trends / insight to support the development and improvement of the category
  • Excellent written and verbal communications skills, and the ability to communicate to a range of stakeholders at all levels of the organisation
  • Strong knowledge of procurement best practice, good network/links with external bodies and individuals in category management across other industries
  • Strong knowledge of UK indirect supplier marketplace in terms of pricing, breadth of suppliers and geographical coverage, supplier financial standing, including broad understanding of the market trends and dynamics
  • Experience drawing key trends and insight from a complex range of data and driving action from that insight
  • Experience of working with a range of external suppliers, able to tailor approach based on the nature of the relationship with a specific partner or client
  • Experience of Procurement and contract negotiation, including the drafting and execution of Procurement contracts with track record of delivering savings to target and timelines
  • Experience of building relationships and influencing a range of senior internal and external stakeholders with the ability to manage competing priorities and business objectives in a fast paced environment
  • Experience of working in a matrix environment / or virtual team environment
  • Experience of working in a financial services or services based procurement function


Desirable:

Working knowledge of financial services regulatory and legislative frameworks relevant to the UK business

Relevant professional or degree qualification (e.g. MCIPS, MBA)

We live by four behaviours at M&G Global Services and we ask all our employees to:
  • Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
  • Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
  • Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
  • Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things

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