Job Type:
PermanentBuild a brilliant future with Hiscox
This is an exciting opportunity for a Procurement Category Analyst to help shape the future of Hiscox. We have recently embarked on a journey to transform our approach to procurement right across our global business and are building a comprehensive approach to how Hiscox deals with 3rd party suppliers, which includes investment in a new procurement system based on the award winning iValua solution. That can only be successful if we form strong relationships with our business stakeholders and deliver innovative third-party solutions which help them develop the Hiscox business.
You will :
- Take responsibility for assigned sub categories within a wider IT based Category, feeding into and contributing to the overarching Category plan, led by the Category Manager.
- For your assigned sub categories, ensure you deliver end-to-end commercial, contractual and relationship lifecycle value, in the eyes of key stakeholders.
- Be responsible for tactical contract reviews and sourcing activity within your assigned sub-category area, including developing, issuing and implementing Requests for Information (RFI) and Requests for Proposals (RFP) as required, to ensure Hiscox secures goods and services at optimal value.
- Engaging proactively with Hiscox stakeholders to ensure best value solutions and all relevant legal/regulatory requirements are included in our requirements to the market and subsequently embedded in our contract with the successful supplier, and compliance with applicable laws and regulations is demonstrable.
- Manage a portfolio of low/medium complexity spend in terms of Customer and Business impact, spend, market dynamics and scope.
- Support stakeholders with developing clear service specifications that enable best service provision fit.
- Recognising Hiscox commitment to ESG, support initiatives which enable us to ensure our suppliers share our commitments and have plans which deliver on this agenda.
- Support the wider IT Sourcing team with reporting and analysis of supplier related data, for example savings reporting, benchmark pricing or demand management.
- Identify, manage and mitigate commercial and supply chain risk, ensuring effective Due Diligence is completed with appropriate evidence effectively stored post contract signature
The Person:
Does being at the centre of change excite you ? Do you enjoy identifying and delivering commercial opportunity? Do you like having a hands-on role, being at the heart of a developing function which is transforming the way we do business with third parties ? Do you want to learn and develop in an fast paced commercial environment ?
Skills & Capabilities:
- You must be a clear communicator, and possess an effective approach to stakeholder management.
- Dynamic and self-motivated style, with energy and ability to deliver at pace
- Good people skills, able to role model behaviors aligned to our values as a company.
- A good understanding of commercial practices, with an appetite to develop further in the area of dealing with third party spend
- An ability to develop good knowledge of the category management process and the IValua system to ensure you are able to bring optimal value to Hiscox 3rd party spend base
- An ability to develop strong negotiation/influencing skill set
- The ability to extract, interpret and analyze data across a range of finance and procurement tasks.
- Shows attention to detail in their work and takes ownership of tasks by identifying the best solutions, adhering to deadlines while mitigating relationship issues and commercial risk.
- Excellent organisational and project management skills to include a high level of PC literacy, with advanced skills in Excel, PowerPoint and Word
Work with amazing people and be part of a unique culture
Skills Required
- Clear communication and stakeholder management skills
- Self-motivated, dynamic, able to deliver at pace
- Strong interpersonal skills and alignment with company values
- Good understanding of commercial procurement practices
- Ability to develop category management knowledge and use iValua
- Negotiation and influencing skills
- Ability to extract, interpret and analyse finance and procurement data
- Attention to detail, ownership of tasks and risk mitigation
- Excellent organisation and project management skills; advanced Excel, PowerPoint and Word
Hiscox Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Hiscox and has not been reviewed or approved by Hiscox.
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Leave & Time Off Breadth — Generous PTO, two additional 'Hiscox Days,' and a four‑week paid sabbatical after five years create a notably broad time‑off offering. Policies also include paid parental leave and options to purchase extra days in some locations.
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Healthcare Strength — Medical coverage is complemented by mental‑health and wellbeing resources such as EAP and mindfulness apps, with private medical and dental options available in certain regions or after tenure. These elements provide comprehensive support across physical and mental health needs.
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Retirement Support — Retirement benefits include pension/401(k) programs with employer contributions that can increase with service. Share‑save options and profit‑related programs add longer‑term financial planning avenues.
Hiscox Insights
What We Do
Hiscox is a leader in specialist insurance. We seek to provide the best protection and peace of mind for our clients through high quality insurance products, backed with excellent service. We are experts in covering a wide range of personal and commercial risks.
