Assistant Manger, Procurement Shared Services - Bengaluru, India - LSEG (London Stock Exchange Group)
Description
The key responsibilities of the role:
- Support the delivery of the category strategy and deployment of the supplier relationship management program_
Ensure PRs meet required standards - i.e. approval process has been followed, a fully signed LSEG standard contract and statement of work (if applicable) is in place, due diligence has been completed appropriately on new suppliers
Ensure Category managers are kept informed
Keep abreast of market and industry developments within role scope. Able to make recommendations on alternate sources of supply to inform specifications
- Stakeholder engagement_
Engage with stakeholders across the business and key functions such as Legal, Finance and HR to progress queries and act as a point of procurement contact, with support from the Category Lead and other Category Managers Engage with budget-owners to obtain key information and explain procurement processes in line with agreed process and procedures.
- Managing BAU_
Maintain Procurement systems and tools (e.g. pipeline management tool, savings tracker, supplier and contract databases, Category spend metrics)
Ensure that purchasing, pricing and supplier master data is kept up to date on the relevant IT systems so as to maintain procurement and planning efficiencies
Contract management
Ensure that relevant contracts are in place for key suppliers as assigned and supported by the Category Lead
Monitor contract performance and able to identify when corrective action needed
Identify where it is necessary to vary a contract to deliver continuous improvement, draft robust variations and ensure proper approvals are sought
Provide assistance to the business and suppliers across the end to end sourcing process, i.e.
reviewing PR/POs, facilitating exceptions such as payment difficulties and ensuring timely delivery of goods and services, ensuring an excellent service is provided from within Group Procurement and other key stakeholders.
Escalate when appropriate Actively promote continuous improvement by challenging process and procedure to identify and implement valid improvements Understand the Group Policies and the Group Procurement approach to IR35.
Provide assistance to the Category Managers and Business to identify and appropriately resolve issuesThe essential experience and skills required:
- 5-8 years experience in buying / procurement
- Commercially minded and proficient negotiator
- Ability to liaise with and manage suppliers
- Experience in market and category analysis
- Strong IT skills (Office programs, Procurement systems desirable), ability to provide management information to assist sourcing and contract management process
- Ability to build relationships, influence and act as an expert across the organisation up to senior management level
- Ability to assess, prioritise workload and meet deadlines
- Strong analytical, problem solving, and decisionmaking skills
- The ability to maximise opportunities, i.e. challenge ways of working, adopt Group practices, seeks and provides information and clarification
- Teamwork ability to work with other category teams, both local and an global to deliver high quality service
- Strong communication skills (written and verbal)
- Educated to degree level
- Procurement / supply operation qualification, e.g. MCIPS or IAACM, or working towards the qualification
- Experience in Procurement categories Legal, Finance, Property an advantage, although not required as full training will be provided
- Experience of procurement in a Financial Services Regulated Environment, Information Services Companies; FinTechs; Global, multicountry organisations preferred
At LSEG, we believe that creating a diverse and inclusive organisation is fundamental to the way we deliver on our promise of creating essential partnerships and open opportunities.
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