Senior Manager - Commercials

Posted 2 Days Ago
Be an Early Applicant
2 Locations
In-Office
Senior level
Fintech • Financial Services
The Role
Lead supplier contract renewals and revenue management for high-value agreements. Manage renewal pipeline, stakeholder engagement, complex negotiations, cost-saving identification for maintenance and software licensing, supplier management best practices, software risk/compliance mitigation, cross-functional reporting, and mentor junior team members.
Summary Generated by Built In

About M&G India


We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.


Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.


Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.

 

About M&G


Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.


Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.


Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.


·      Responsible for renewal of critical supplier contracts, revenue management and retention of existing contracts

·       Stakeholder relationship and engagement

·       Renewal process and pipeline management

·       Cross-functional collaboration and reporting

·       Own high-value and strategize complex Tier 3 renewals

·       Lead complex negotiations (pricing, multi-year deals, contracts)

·       To support the development and application of Supplier Management best practice.

·       Identify savings opportunities for maintenance & software licensing.

·       To provide insight around M&G needs and industry / market trends to enable strategy development and identification of commercial opportunities and risks.

·       To respond to queries from the wider business for contract information  

·       Understand software risk and compliance position and take active steps to manage and mitigate this.

·       Mentor junior team members and improve processes


We have a diverse workforce and an inclusive culture at M&G Global Services, regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

Skills Required

  • Experience in renewal of supplier contracts and contract retention
  • Revenue management and contract retention experience
  • Stakeholder relationship management and engagement
  • Renewal process and pipeline management experience
  • Experience owning high-value and complex Tier 3 renewals
  • Proven ability to lead complex negotiations (pricing, multi-year deals, contracts)
  • Knowledge and application of Supplier Management best practices
  • Ability to identify savings opportunities for maintenance and software licensing
  • Commercial market insight and ability to identify opportunities and risks
  • Capability to respond to business queries for contract information
  • Understanding of software risk and compliance and mitigation steps
  • Experience mentoring junior team members and improving processes

M&G Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about M&G and has not been reviewed or approved by M&G.

  • Retirement Support Pension support in the UK is presented as notably generous versus typical market norms and is positioned as a core part of total reward. Formal materials also highlight share plans and financial‑wellbeing tools alongside pension value.
  • Leave & Time Off Breadth Annual leave in the UK is described as substantially above statutory norms with the option to purchase additional days. Additional flexibility is referenced through policies such as “Time Off When You Need It.”
  • Parental & Family Support Parental policies (e.g., “Inspiring Families”) are characterized as extensive, including long fully paid leave and phased return‑to‑work support. External recognition is cited as reinforcing family support as a distinctive element of the package.

M&G Insights

Am I A Good Fit?
beta
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
HQ: London
2,729 Employees

What We Do

M&G plc is a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 institutional clients in 38 offices worldwide. As at 31 December 2023, we had £343.5 billion of assets under management and administration. Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our three distinct operating segments, Asset Management, Life and Wealth, work together to provide access to balanced, long-term investment and savings solutions.

Similar Jobs

CrowdStrike Logo CrowdStrike

Engineering Intern

Cloud • Computer Vision • Information Technology • Sales • Security • Cybersecurity
Hybrid
Pune, Mahārāshtra, IND
10000 Employees

CrowdStrike Logo CrowdStrike

Engineer II - Cloud SDET (IOT)

Cloud • Computer Vision • Information Technology • Sales • Security • Cybersecurity
Hybrid
Pune, Mahārāshtra, IND
10000 Employees

Mastercard Logo Mastercard

Lead Software Engineer

Blockchain • Fintech • Payments • Consulting • Cryptocurrency • Cybersecurity • Quantum Computing
Hybrid
Pune, Mahārāshtra, IND
38800 Employees

Mastercard Logo Mastercard

Senior Software Engineer

Blockchain • Fintech • Payments • Consulting • Cryptocurrency • Cybersecurity • Quantum Computing
Hybrid
Pune, Mahārāshtra, IND
38800 Employees

Similar Companies Hiring

Hanover Park Thumbnail
Artificial Intelligence • Fintech • Software • Financial Services
New York, New York
42 Employees
Kepler  Thumbnail
Fintech • Software
New York, New York
6 Employees
Onshore Thumbnail
Artificial Intelligence • Fintech • Software • Financial Services
New York, New York
60 Employees

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account