Workingwith M&G Prudential as a Procurement Assistant means becoming part of abrand with a global reputation and an exciting vision : to become the best lovedand most successful savings & investments business.
Theforthcoming planned de-merger of M&G Prudential from the Prudential GroupPLC provides a terrific opportunity to create a truly international andintegrated savings and investments firm.
A firm built on a rich and longhistory and with a commitment to an innovative future centred on the needs ofcustomers and clients.
There is a genuine opportunity to drive competitiveadvantage with value creation through the formation of this new organisation.
Ifyou’re inspired to join us, and have the necessary qualities, then this couldbe the opportunity you’ve been looking for.
Context for the role :
The Procurement & SupplierManagement (P&SR) function reports to the Chief Operating Officer. Thefunction selects and manages third party suppliersfor Prudential UK & Europe, M&G andEnterprise IT.
The aim of the function is to protect the business againstcommercial, operational and regulatory risk whilst delivering value for moneyfor budget holders.
The function will develop, agree and communicate theprocurement strategy andwilldeliverprocurementservices to the organisation includingrunning procurement projects, managing renewals, putting in place effective andappropriate contracts with appropriate suppliers and managing the purchase topayment (P2P) process for supplier invoices.
The Procurement Assistant isresponsible for supporting the Category Managers for the delivery of either theIT or Professional Services, HR and Marketing Category buying activity andCategory Plan.
Purpose statements :
Supporting the production of the categorystrategy for indirect spend through the provision of supplier and marketanalysis and insight to inform the category plan
Delivering an excellent procurement service tointernal customers and third party suppliers through the management of smallerprocurement projects and supporting Category Managers in delivering largerprocurement projects to support deliver of the category strategy, drivingefficiencies and savings for the business and supporting delivery of businessstrategy and third party supply chain control
Point of contact for internal customers andthird party suppliers regarding procurement activity within the category
Protecting the business through the reviewing,signature and deployment of fit forpurpose supplier contracts
Building strong working relationships with corecentralized teams (such as IT Security, Legal and Financial Crime)
Driving continuous improvement for theprocesses utilized within their team and across the Procurement function
To work collaboratively with colleagues andtake personal accountability to maintain and enhance controls you areresponsible for to support improvement of the overall control environment,customers outcomes and a reduction in Prudential UK’s operational
If you’re responsible for any legal agreementswith third parties then you must make sure these are managed according to theManaging Contractual Relationships Framework.
You’ll find your responsibilitiesas an expenditure authoriser set out in the financial procedures manual foryour business (e.
g. Prudential UK & Europe, PIA, PPMS)
Make sure that all personal expenditure, andcontractual and legal agreements are authorised, controlled and monitoredaccording to our delegated authority requirements
Understand our Code of Conduct and how itapplies to your work.Comply with allrelevant policies, including mandatory training
Use your judgement to strengthen our positiverisk and control culture, by identifying, assessing and managing risk withinyour business area
Take all reasonable steps to make sure yourbusiness area fulfils its external regulatory, legal and industry obligations
Knowledge statements :
Understanding of the Statements of Principleand Code of Practice
Working knowledge of operational, financial& regulatory risk assessment
Working knowledge of contract law &drafting and evaluation
Detailed knowledge of Q&A checkingprocesses
Working knowledge of supplier / market evaluation
Working knowledge of Prudential products, systemsand distribution methods
Detailed knowledge of MS Office , particularlyWord, Excel & PowerPoint
Experience statements :
Some experience of commercial negotiation orcommercial management
Experience (up to 3 years) of working in aprocurement / contracts environment preferably in procurement processes & / orSRM tools)
Some experience of managing relationships witha range of stakeholders including external suppliers, lawyers, consultants etc.
Experience of supplier / market evaluation
Some experience of drafting contractsevaluation
Experience of managing contract database
Experience of conducting first line quality andassurance checks required in respect of contract management
Experience of managing MI for departmentalreporting
Personal attribute / skills :
Essential commercial acumen
Essential collaborative approach to buildingrelationships both with suppliers and internally with internal customers andsupport functions (such as Legal)
Essential attention to detail with a logicaland methodical approach
Essential a team player
Desirable - Graduate (any discipline)
Desirable- working towards CIPS qualification
People who work at M&G Prudential agree that ours is a greatplace to work with a brilliant team spirit. It’s also an innovative,high-
performing, commercial environment that’s totally focused on customers. Asan M&G Prudential colleague you’ll get all the support you’d expect,including full training and professional development.
You’ll receive acompetitive salary and reward package. And in a fast-changing world, you’lljoin an organisation that’s leading the way in helping customers achieve theirlong-term financial goals.
M&G Prudential is committed to a diverse andinclusive workplace. Our role as an employer is very simple to provide theright environment for talented people to do their best work, by respecting,understanding and valuing individual differences.
We welcome applications from individuals who havetaken an extended career break, and we are willing to consider flexible workingarrangements for all of our roles.
Location : UK
ClosingDate : 31 / 05 / 2019
11-Jun-2019, 5 : 34 : 23 AM