Category Sourcing Lead - Non IT

Group Procurement is an important and integral function within the wider Finance Team, ensuring the efficient and cost-effective purchasing of goods and services required for EQ to operate. EQ spend c. 200m per annum within excess of 1500 suppliers. The procurement team consists of c.14 FTE located in the UK, USA and India. Business insight, analysing opportunities and risk and formulating strategies to drive performance, are vital components of the function. As too is having appropriate, relevant and succinct process to meet stakeholders demands and expectations, whilst appropriately managing supply chain risk (and regulatory requirements) is a key role of procurement.

Role Summary

Reporting to the Category Strategic Sourcing Manager - Non IT Categories, this role will include ensuring effective procurement support in the management of the Non-IT categories. ( 110m of annual spend across subcategories)

The role will include the development of effective long, medium, and short-term sourcing strategies, the management of tenders, negotiating agreements and awarding contracts. The role holder will be an expert in their category areas, understanding market developments and changes and how these could impact EQ, evolving strategies accordingly to ensure the best outcome for the business. Developing strong working relationships with all members of the Procurement Team and being flexible in approach and tasks required for the betterment of the team and its desired outcomes is a key aspect of this role. Proactiveness, self-drive, determination, and a positive attitude and behaviours are requirement of this role, as is a target orientated individual.

Additionally,the successful candidate will have a central role in transforming EQ s procurement function through the design and implementation of improved procurement processes, systems and performance management. This will result in generating cost savings, improved governance and control and improved supplier performance.

Core Duties/Responsibilities

• The successful candidate will be responsible for the following:
• Analyzing data or insights to determine industry and trends regarding the product, services and category areas
• Contributing to a strategic long-term plan for the development of the category
• The development and execution of supplier strategies (short, medium, and long-term), aligned with business and functional objectives and targets.
• Generating and issuing tenders, Negotiating agreements and awarding contracts typically worth 50k p.a. or above (or any high-risk contracts).
• Developing and maintaining a pipeline (including contract renewals and new initiatives) to forecast commercial changes (savings and increases) for your category over a 0-24month period.
• Ensure appropriate steps are taken in onboarding suppliers in line with EQ s polices
• Work collaboratively and as one Team with Supplier Relationship Risk Management as part of the Supplier cycle (i.e., comprehensive hand offs for key suppliers to the Team to ensure appropriate and effective ongoing contract and relationship management)
• Act as Procurement Business Partner to an allocated area of the business representing all of Procurement s services. Understand the allocated business strategic direction, priorities and resulting procurement needs by being integrated into their business. Ensure these needs are understood by the wider Procurement Team and are addressed by the appropriate individual.
• Establish and maintain strong business relationships across the EQ organization, to ensure effective relationships to allow the role holder to effective.

Skills, Knowledge Experience

• The successful candidate will demonstrate the following experience, skills and behaviors:
• Proactiveness, self-drive, determination, and a positivity
• Team player, with the capability to lead and motivate peers across the organisation
• A track record of achieving targets and results
• Over 9 years experience in procurement
• Strong grounding in strategic sourcing processes and practices
• Excellent interpersonal skills, with the capability to sell procurement and understand and
• win over sceptical stakeholders
• Extensive cross-sector industry experience, potentially including financial services background.
• Deep and wide understanding of procurement processes and systems, with a record of successful operational implementation of strategic sourcing practices in complex organisations
• Strong analytic skills, comfortable using fact-based analysis to support business decision making
• Capacity to engage with strategic issues and work alongside stakeholders to develop pragmatic plans of action which are aligned with their business needs
• Ideally degree educated with professional procurement qualification (e.g. MCIPS)

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