Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management, asset and liability management, and exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve this by setting strategic objectives and fostering a culture based on our PIC Values of Resilient, Adaptable, and Loyal.
Role purpose
* The TP&O function enhances efficiency, reduces costs, mitigates risks, and drives value across the organization by negotiating favorable terms and optimizing processes to eliminate inefficiencies and reduce cycle times.
* The TP&O team manages relationships with suppliers, ensuring risks are assessed and mitigated in compliance with laws, regulations, and policies. They champion data-driven decision-making to add value to PIC.
* Roles within TP&O act as relationship owners, partnering with various teams to manage the third-party and supplier lifecycle from due diligence to renewal or exit.
Our company values are reflected in every role's delivery and performance.
Relationship Owner - Accountable for proactively managing third-party and supplier relationships throughout their lifecycle.
Cost Savings - Responsible for developing sourcing strategies, managing supplier relationships, and ensuring cost-effective procurement.
Data-Driven Decision Making - Collaborates internally and externally to analyze data, improve systems, processes, and technology.
Specific Accountabilities for the Sourcing and Supplier Relationship Manager include:
* Analyzing PIC’s supply chain and associated data.
* Developing and executing sourcing strategies to optimize procurement and achieve cost savings.
* Reporting on procurement metrics to track performance and identify opportunities.
* Collaborating across departments including Legal, Finance, and Enterprise Architecture.
* Continuing personal development in technical and non-technical skills.
* Staying informed of industry trends, market developments, and regulatory changes.
Knowledge
* Supplier sourcing and management strategies
* Third-party selection and due diligence processes
* Contract negotiation and achieving economies of scale
* Category management techniques and spend analysis
* Supply chain resilience and ESG credentials
Experience
* Qualification or strong experience in supply chain management or related fields
* Proven track record of cost savings and supplier performance improvements
* Proficient in procurement software/tools
* Experience fostering innovation and collaboration in supply chains
* Experience using data-driven strategies for decision-making
In addition to a competitive salary and performance bonus, PIC offers benefits such as private medical insurance, 28 days' annual leave, study support, a generous pension scheme, and more.
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