Procurement Manager

Procurement Manager page is loaded Procurement Managerlocations: Lloyd's UK: Londontime type: Full timeposted on: Posted Todaytime left to apply: End Date: November 14, 2025 (12 days left to apply)job requisition id: R4592Lloyd's is the world's leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market's brightest minds, working together for a braver world.Our role is to inspire courage, so tomorrow's progress isn't limited by today's risks.Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that's more sustainable, resilient and inclusive, you'll find a home at Lloyd's - build a braver future with us. The Role To support the Procurement Delivery Lead in achieving agreed objectives in line with the procurement strategy, providing a commercial procurement category management function for all spend categories with external suppliers. Principal Accountabilities Supporting the development and delivery of category strategies Lead complex sourcing activities which generate benefits and achieve financial savings targets through insight and analysis of category and sub categories areas Development of savings opportunities and benchmarking of industry standards and practices to identify quick win opportunities. Preparation of pre tender and tender documents in conjunction with key stakeholders Use leading practice procurement tools to develop and implement the sourcing strategies including: + Supply market positioning + Supply base profiles + Supplier assessment + Supplier financial analysis + Request For Information (RFI), Request For Proposal (RFP), + Request for Quotation (RFQ) + Service level agreements + e Auctions + Summary of quotations + Cost analysis + Objective decision making Negotiate contractual agreements with suppliers to ensure that service, quality, added value, total cost, security of supply and the deployment of the suppliers capabilities in innovation are secured Manage and develop supplier relationships and ongoing negotiations, for the procurement category and sub categories Negotiation of complex contracts within a regulatory environment Skills Commercial Acumen Providing business partnering support across procurement related activity Influencing senior stakeholder and building collaborative sourcing plans Negotiating and influencing skills at all levels Sourcing and supplier relationship management skillsDiversity and inclusion are a focus for us - Lloyd's aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments,we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our .We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.Should you require any additional support with your application, or any adjustments, please click the following link; Please note, clicking on this link does not register your application for the vacancy Lloyd's aim is to build a diverse, inclusive environment that reflects the global markets we work in and in which everyone is treated with dignity and respect.We will invest in attracting the best talent to Lloyd's, making sure recruitment is targeted at bringing in the skills we need to evolve.We will develop a talent pipeline that provides us with the key capabilities we will need for the future. To also create a culture in which every employee fulfils their full potential, ensuring that leaders role-model the behaviours we expect in ourselves and others.