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We are seeking a highly skilled and strategic Procurement Lead to run and manage Hayfin's vendor management programme. The role involves overseeing the full lifecycle of vendor relationships and procurement processes, assisting business relationship managers in sourcing suppliers, managing vendor relationships, negotiating contracts, and ensuring cost-effective procurement of services while maintaining quality and compliance with company policies and procedures.
This is a newly created position during a pivotal growth phase for Hayfin following a successful management buyout. You will work closely with the Group Finance Director and Enterprise Risk Director to set and deliver your strategy.
A background in asset management is preferable.
Job Overview
Vendor Lifecycle Management
* Own and manage Hayfin's vendor management program, from selection and onboarding to ongoing performance management and contract renewal or termination.
* Develop and deliver procurement strategies, implementing plans and contracts.
Strategic Sourcing
* Identify and evaluate potential suppliers, conduct market research & monitor market trends, and develop sourcing strategies to optimize cost, quality, and service.
* Manage and develop supplier network and bid processes, ensuring all vendors are consistent and within legal terms.
Contract Negotiation
* Assist business relationship managers with contract negotiations, ensuring favorable terms that align with company objectives and mitigate risk.
Procurement Operations
* Oversee purchase order management, approval workflows, including invoice settlement, and timely procurement of services.
* Maintain the vendors list along with contracts register.
Stakeholder Collaboration
* Partner with internal departments (Finance, Legal, Operations, IT, etc.) and committees to provide high-level and detailed advice, reports, and analysis to align procurement strategies with business goals.
Cost Optimization
* Drive cost-saving initiatives and continuous improvements without compromising on quality or service by leveraging supplier relationships and alternative sourcing options.
Risk & Compliance
* Ensure procurement processes comply with legal, regulatory, and company policies, mitigating supplier-related risks.
Performance Monitoring
* Establish KPIs with business relationship managers to track supplier performance, resolve issues, and improve vendor relationships.
Technology & Process Improvement
* Identify and implement best practices to enhance procurement efficiency and transparency.
Reporting
* Report to internal risk committees on the overall performance of the vendor management program.
Requirements
* Significant experience in establishing and managing complex, high-value procurement campaigns.
* 10+ years of experience in procurement, sourcing, or supply chain management; at least 5 years in a leadership role.
* Proven ability to deliver organizational change and improvements in large, complex environments.
* Understanding of contract management strategy and risk management frameworks for procurement activity.
* Extensive experience in program management, structuring delivery of complex work involving multiple stakeholders and fluctuating workloads.
* Exceptional leadership and decision-making skills, with established stakeholder management at senior/board level.
* Proficiency in procurement software and ERP systems (e.g., NetSuite, SAP, Oracle).
* Deep understanding of procurement compliance, risk management, and regulatory frameworks.
* Ability to drive innovation and implement best-in-class procurement practices.
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Purchasing and Supply Chain
Industries
* IT Services and IT Consulting
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