Procurement Operations Manager
6d ago


Procurement Operations Manager

Workingwith M&G Prudential as a Procurement Operations Manager means becoming partof a brand with a global reputation and an exciting vision : to become the bestloved and 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 OperationsManageris responsible for managing theProcurement Operations of the Procurement team, which includesmanagement and oversight of risk and controlsof the function, supporting the Head of Procurement and Category Teams with theprovision of external market insight and internal supplier insight data,supporting the Category Teams through provision of contract management servicesand managing the Procure to Pay (P2P) operational processes.

The Procurement Operations Manager will alsodeputise for the Head of Procurement as and when necessary and will author anddeliver the Procurement Improvement Plan and any non-

BAU Procurement project activity.

Purpose statements :

  • 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 risk
  • To ensure that Procurement has the necessaryprocesses, policies and procedures in place
  • To lead the Procurement Operations team and thedevelopment and maintenance of contract management and MI reporting
  • To define and manage the risk and controls inplace in Procurement, providing oversight to the effectiveness of the controlsthrough testing and reporting
  • To deliver the MI and Analytics required by theProcurement Category teams and Head of Procurement to support delivery ofcategory plans and operational management of the Procurement Service
  • To support the Category teams by providingcontract management services
  • Show your team how to pull together by being ahands-on manager, and always be fair, open and honest
  • Identify what needs to be done and choose theright people for the job
  • Give each person in your team clearaccountabilities and stretching work objectives
  • Take an active lead in helping each person inyour team perform to their best and understand how their work contributes tothe achievement of business success
  • Evaluate and monitor collective performance toensure your team is delivering in support of the strategic priorities of thebusiness
  • Produce operational plans and manage costscommercially
  • Recognise successes around what is deliveredand how people approach their work
  • Maintain a consistent approach to managingperformance across the business, by following the processes we’ve set out
  • Keep role profiles complete and up to date
  • Take all reasonable steps to make sure yourbusiness area fulfils its external regulatory, legal and industry obligations
  • Use your judgement to strengthen our positiverisk and control culture, by identifying, assessing and managing risk withinyour business area
  • Understand our Code of Conduct and how itapplies to your work.Comply with allrelevant policies, including mandatory training
  • Make sure that all personal expenditure, andcontractual and legal agreements are authorised, controlled and monitoredaccording to our delegated authority requirements
  • 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)

    Knowledge statements :

  • Relevant professional qualification (CIPS orequivalent)
  • Good knowledge of industry best practice, goodnetwork / links with external bodies and individuals on the same field
  • Good knowledge of Prudential products, systemsand distribution methods
  • Understanding of the Statements of Principleand Code of Practice
  • Good level knowledge of financial servicesregulatory and legislatory framework
  • Experience statements :

  • Significant Experience of leading and managingpeople within a Procurement, Legal or Finance Operations Environment
  • Significant experience of relationship management,preferably within a commercial context
  • Experience of training methodology andapplication
  • Experience of working in a sourcingenvironment, preferably within Financial Services
  • Experience of sourcing processes, tools,systems development and management
  • Personal attribute / skills :

  • Strong leadership skills
  • Organised with the ability to work independentlyand adapt to rapidly changing circumstances
  • Ability to work autonomously with limitedrequirement for management oversight
  • Pragmatic, with good judgement
  • Proven ability to effectively challenge andinfluence business stakeholders
  • Understanding of customer service and theability to cultivate win / win solutions
  • Strong project management skills
  • Ability to prioritise and manage multipleactivities and deadlines
  • Qualifications :

  • Relevant professional or degree qualification(e.g. CIPS, MBA) with practical procurement industry experience
  • 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.

  • Recruiter : Tom Hunt
  • Location : UK
  • Closing Date : 31 / 05 / 201
  • Job Posting

  • 11-Jun-2019, 5 : 33 : 15 AM
  • Apply
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