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Description
You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world. Job Description: Job Profile The Head of Procurement would play a crucial role in overseeing and optimizing the procurement process within Sun Life Global Solutions. This leadership position requires a seasoned professional with extensive experience and expertise in procurement, strategic sourcing, vendor relations, cost optimization and overall ensuring operational efficiency across complex environments, while bringing in high levels of Integrity, Governance and Collaboration. Key Responsibilities The major responsibilities of the Head of Procurement are: Strategic Procurement Planning: The incumbent shall develop and implement procurement strategies aligned with the company's overall objectives and growth plans. This includes assessing current procurement processes, identifying areas for improvement, and implementing best practices to streamline operations and reduce costs. Vendor Management: The individual must establish relationships, onboard, conduct due diligence, and maintain strong connections with various vendors, subcontractors, and suppliers. Strong Negotiation Skills: The incumbent should be able to skillfully negotiate contracts, terms, and prices to ensure favorable agreements that meet quality standards, cost objectives, and deadlines. Contract Lifecycle Management: The Individual would manage the entire contract lifecycle from initiation through execution to renewal or termination. Ensure that all contracts align with the business objectives, vision, and regulatory requirements. Budget planning and Cost control: The individual would work closely with finance and project management teams to develop procurement CAPEX and OPEX budgets, forecasts, and cost-saving initiatives. Monitor expenses, track procurement metrics, and implement cost-controlling measures to build a culture of long-term savings on procurement costs. Quality Assurance and Compliance: Through audits, the individual must ensure that all procured materials, equipment, and services meet quality standards, regulatory requirements, and industry certifications. Establish quality assurance protocols, inspection procedures, and compliance checks to uphold the company's reputation for excellence. Market Insights: Stay at the forefront of industry developments and emerging market trends, incorporate relevant innovations and technologies into company practices. Utilize market data to negotiate contracts and terms with vendors, and optimize pricing, terms, and conditions. Use comprehensive market analysis including tracking market indices, economic indicators, and supply chain trends to develop procurement strategies. Risk Management: Identify and mitigate potential risks associated with procurement activities, such as supply chain disruptions, vendor risk assessments, supply chain security, market fluctuations, or geopolitical issues. Develop contingency plans, alternative sourcing strategies, and risk mitigation strategies to safeguard against various unforeseen challenges. Tender Management and Bid Evaluations: The incumbent shall lead the tender process, evaluate bids, and make recommendations based on technical and commercial evaluations. He / She should ensure that the evaluation process is transparent and fair. Cross-functional collaboration: Liaise effectively between suppliers, manufacturers, and other stakeholders. Support various internal departments’ procurement needs through proactive engagement and solutions. The Individual should understand the nuances of working in a complex operating environment, as the role also POSITION : Head of Procurement REPORTING : Chief Administrative Officer LOCATION : Gurugram Role Description includes managing multi-city operations and matrix reporting relations with Canada. He / She would also be running procurement shared services catering to other geographies. Team Leadership and Development: Provide strong leadership and mentorship to the procurement team, fostering a culture of accountability, collaboration, and continuous improvement. He / She would be expected to set clear goals, provide regular feedback, and invest in professional development initiatives to empower team members and enhance their skills. Sustainable Practices: The Individual must drive sustainable procurement strategies to integrate environmental, social, and economic considerations into sourcing decisions. Implement policies and procedures that prioritize suppliers with strong sustainability credentials. Ethical Practices: Ensure ethical practices of the highest standards are in place and followed consistently Transformation/Process Improvements: Without compromising on the risk and compliance posture, streaming the process in a way to make it easier and simpler for the recipient of the service (internal stakeholders), leading to a positive VoC from them Ideal Candidate The ideal candidate should have over 20+ years of extensive experience in procurement, demonstrating a deep understanding of vendor management, contract negotiations, cost control, auditing, and quality assurance within a multinational corporation. The incumbent should be ambitious, innovative, driven, and inclined towards driving transformation. Exceptional communication skills are paramount. The person must also be assertive, enabling effective engagement with both internal stakeholders and external partners while maintaining objectivity. The incumbent should demonstrate a revenue-oriented mindset, coupled with an entrepreneurial spirit and strong negotiation skills. They should exhibit a process-oriented approach, continuously striving to implement best practices and innovate solutions beyond conventional methods. Integrity, moral courage, and honesty should underscore all professional interactions, alongside self-motivation and an ability to thrive under pressure. Bachelor’s degree in business administration, Commerce, Supply Chain, or any other related field. A Chartered Accountant with approximately 20 years of experience and 10-15 years of that experience in a multinational corporation. Proven track record of leadership experience in procurement, or related fields, preferably within the Insurance industry. Experience in managing a significant sized procurement budget Extensive experience in enterprise-wide change management from inception to completion. Strong Negotiation skills and ability to influence stakeholders at all levels. Deep understanding of procurement best practices, hands-on knowledge of all modules of sourcing, market dynamics, and regulatory requirement. Should have had an experience in driving and delivering on Procurement Transformation, process enhancements and automation & digitization of processes Should have a strong knowledge of applications like SAP Ariba, S4 HANA, Ariba Contract Management, Service Now and other such applications used in procurement Demonstrated ability to work with multi-cultural/location teams in a Matrix environment Should have lead teams for both the domestic as well as global procurement functions Candidate Profile Job Category: Finance Posting End Date: 12/06/2025 Show more Show less
