Senior Analyst, Procurement

Posted 7 Days Ago
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River Bank, Cambridgeshire, England
3-5 Years Experience
Financial Services
The Role
The Senior Analyst, Procurement is responsible for leading sourcing initiatives, managing supplier relationships, and driving procurement strategies to deliver cost savings and support business goals. They develop and implement procurement strategies, negotiate contracts, manage supplier relationships, ensure compliance, and collaborate with internal stakeholders. The role requires at least 3 years of procurement experience with strong analytical and communication skills.
Summary Generated by Built In

Role Summary:

Sitting within Man’s Finance department, the Senior Analyst, Procurement role acts as a category manager across Facilities, Marketing and Professional Services supporting the relevant business units to achieve their commercial objectives. This position is responsible for leading sourcing initiatives, managing supplier relationships and driving procurement strategies that deliver cost savings, mitigate risk and support business goals.

Role Responsibilities:

  • Procurement Strategy and Execution:
    • Manage the end-to-end procurement process, including sourcing, selection, and onboarding of new suppliers.
    • Develop and implement procurement strategies that align with business objectives and drive optimal outcomes.
    • Lead RFP processes, including drafting RFP documents, evaluating proposals, and supporting the business with supplier selection.
    • Negotiating favourable contract terms and commercials with suppliers.
  • Supplier Relationship Management:
    • Develop and maintain strong relationships with key suppliers.
    • Monitor and manage supplier performance to ensure adherence with contracts and service level agreements.
    • Collaborate with suppliers to identify opportunities for service innovation, cost saving and process improvements.
    • Work alongside the business to resolve supplier issues and disputes in a timely manner.
  • Procurement Operations and Compliance:
    • Identify opportunities to improve procurement processes, documentation, and tools.
    • Coordinate with internal stakeholders, including legal, compliance and finance teams, to ensure compliance with regulatory requirements and with the firm’s policies and procedures.
    • Support business stakeholders in creating and managing budgets, provide analytical support, help facilitate budget adherence and proactively identify opportunities for cost savings.
  • Business Partnering and Collaboration:
    • Partnering with relevant business teams to understand their procurement needs and provide effective support.
    • Collaborate with business stakeholders to identify and prioritise procurement initiatives that drive value for the firm.
    • Provide advice and guidance on procurement best practices.
    • Build strong relationships with business stakeholders to ensure alignment and satisfaction with procurement services.
    • Support stakeholders globally, working effectively across different time zones to ensure consistent procurement practices across the firm.

Skills & Experience:

  • Minimum of 3 years procurement experience or related.
  • Strong analytical and problem-solving skills, with the ability to analyse spend data, identify opportunities for improvement and implement solutions.
  • Excellent commutation and influencing skills, with the ability negotiate effectively with suppliers and internally to achieve consensus among diverse stakeholders.
  • Understanding of TUPE regulations and their implications for procurement and outsourcing decisions.
  • Ability to manage multiple complex sourcing project simultaneously, prioritising effectively and communicating with stakeholders.
  • Experience of delivering cost savings and improving operational efficiency through executing effective procurement strategies and supplier management.
  • Experience collaborating cross-functionally with other departments, such as legal, finance and business stakeholders, to align procurement objectives with business and wider company goals.

Qualifications:

  • Degree-level education in a relevant field or equivalent experience.
  • Professional certification e.g. CIPS desired but not required or other evidence of continued professional growth.

Our Culture, Values and Benefits at Man

Man Group is proud to provide the best working environment possible for all of its employees, and we are committed to equal opportunities. At Man Group we believe that a diverse workforce is a critical factor in the success of our business and this is embedded in our culture and values. There are a number of external and internal initiatives, partnerships and programmes that help us to attract and develop talent from diverse backgrounds and that encourage inclusion and diversity across our firm and the industry. Man Group is a Signatory of the Women in Finance Charter and the Race at Work Charter. Man Group is also a Disability Confident Committed employer; if you require help or information on reasonable adjustments as you apply for roles with us, please contact [email protected]. https://www.man.com/diversity

Man Group supports many charities, and global initiatives. We support professional training and development, and requests for flexible or part-time working. Employees are also offered two 'Mankind' days of paid leave per year as part of the Man Charitable Trust's community volunteering programme.

We offer comprehensive, firm-wide employee benefits including competitive holiday entitlements, pension/401k, life and long-term disability coverage, group sick pay, enhanced parental leave and long-service leave. Additional benefits are tailored to local markets and may include private medical coverage, discounted gym membership and wellbeing programmes.

Man Group is a Disability Confident Committed employer; if you require help or information on reasonable adjustments as you apply for roles with us, please contact [email protected].

The Company
HQ: New York, NY
2,471 Employees
On-site Workplace
Year Founded: 1783

What We Do

Man Group is a global active investment management firm, which runs $127 billion* of client capital in liquid and private markets, managed by investment specialists based around the world. Headquartered in London, the firm has 15 international offices and operates across multiple jurisdictions. Our business has five specialist investment engines, which represent the range of our capabilities: Man AHL, Man Numeric, Man GLG, Man FRM and Man GPM.

These engines house numerous investment teams, working collaboratively within the framework of Man Group, with a high degree of investment autonomy. Each team benefits from the strength and resources of the firm’s single operating platform, enabling their primary focus to be seeking to generate alpha for clients. The teams invest across a diverse range of strategies and asset classes with highly specialised approaches, with long only and alternative strategies run on a discretionary and quantitative basis in single and multi-manager formats. Our clients are at the heart of everything we do and we engage in close dialogue with our investors as strategic partners, to understand their particular needs and constraints. Man Group’s investment teams are empowered and supported by our institutional infrastructure and technology, which aims to facilitate the efficient exposure to markets and effective collaboration across the organisation.

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