About

Oliver James is currently searching on behalf of an Insurance client for a Procurement and Vendor Manager to join their business on a permanent, full-time basis. This role will involve both sourcing new suppliers and managing the existing vendor list, holding vendors to performance standards, negotiating and re-negotiating contracts and improving processes. The role is based in London and offers hybrid working arrangements. Financial Services experience is a requirement for this role. Oliver James is currently searching on behalf of an Insurance client for a Procurement and Vendor Manager to join their business on a permanent, full-time basis. This role will involve both sourcing new suppliers and managing the existing vendor list, holding vendors to performance standards, negotiating and re-negotiating contracts and improving processes. The role is based in London and offers hybrid working arrangements. Financial Services experience is a requirement for this role. Role Responsibilities Manage the end-to-end procurement lifecycle, from sourcing and contracting through to invoicing and paymentLead the development, issuance and management of Requests for Proposal (RFPs) and related sourcing activitiesDraft, review, negotiate and manage vendor contracts in line with company policies and governance standardsManage contract renewals, extensions and terminations proactively to avoid commercial, operational or compliance risksEnsure contractual terms are aligned with business objectives while effectively identifying and mitigating commercial and operational risksIdentify cost optimisation and value-creation opportunities across the vendor portfolio, including benchmarking and renegotiation initiativesPartner closely with business stakeholders to understand requirements and define appropriate contractual terms and condit