Head of Sourcing

Job Title: Head of Sourcing

Reporting to: Procurement and Workplace Management

Direct Reports: 3

Position Type: Permanent full time

Overview:

Why Tokio Marine HCC

Insurance is evolving rapidly and procurement is becoming increasingly strategic. At TMHCC were investing in a sourcing capability that will support our global business. TMHCC is one of the worlds leading Specialty Insurers. With deep expertise in our chosen lines of business our unparalleled track record and a solid balance sheet TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit empowering our people and delivering on our commitments are at the core of our customer values along with a desire to grow and provide creative and innovative solutions to our clients.

About Operations

Operations sits at the heart of TMHCC we ensure the smooth running of all business processes from policy administration and claims handling to data technology and delivery. We focus on driving efficiency which enables our teams across the business to deliver exceptional results every day. Our value statement: Ops makes it happen.

Operations is made up of 7 functions this role sits within: Procurement and Workplace Management

From identifying the scope of the goods and services required to deliver business outcomes to negotiating pricing and managing the full lifecycle of contracts and suppliers. Procurement focuses on delivering Value For Money for the organisation. We leverage market intelligence and navigate the regulatory landscape to achieve commercial outcomes and reduce risk and complexity.

Job Purpose:

As Head of Sourcing youll lead a growing team influence enterprise-wide sourcing strategy work with senior executives and play a key role in transforming how TMHCC procures technology and business services.

Youll have the opportunity to:

• Build a best-in-class sourcing function developing a growing team
• Influence executive decision making
• Lead sourcing across strategic technology investments
• Embed AI and emerging technology sourcing practices
• Shape the operating model of Procurement

Reporting to the Head of Procurement and Workplace Management we are looking for a commercially astute and strategically minded Head of Sourcing to lead our indirect procurement function. You will own the end-to-end sourcing strategy across all indirect categories drive measurable commercial value and manage a high-performing team.

This is an excellent opportunity for someone looking to build and shape a growing sourcing function with visibility across the senior leadership in the organisation

Key Responsibilities:

• Lead coach and develop a team of category managers and procurement specialists. Evaluating operating model evolution to support a growing remit.
• Define and execute the sourcing strategy across all categories including IT SaaS AI Professional Services Facilities Marketing HR and Travel.
• Lead sourcing strategies for emerging technologies including AI consumption based technology services
• Drive commercial value through competitive sourcing supplier negotiation and robust contract lifecycle management
• Build and maintain strategic supplier relationships incorporating performance governance and proactive risk management
• Partner with senior stakeholders to align sourcing activity with business priorities and organisational strategy
• Embed best-practice procurement processes tools and policies across the function
• Deliver measurable commercial value through cost optimisation supplier innovation risk reduction and improved business outcomes

Skills and Experience Specification:

• Broad category expertise across indirect spend; deep knowledge of IT and Professional Services are particularly valued
• Proven experience developing and implementing category and sub-category strategies
• Proven track record of meeting cost reduction and supplier consolidation targets
• Track record of leading portfolio opportunity analysis and delivering measurable benefit
• Strong commercial and legal literacy including IT software and Professional Services contracts
• Experienced negotiator across a range of contract values and complexity including extracting value from incumbent suppliers
• Ability to lead market analysis and competitive tendering processes
• Highly credible communicator with the ability to influence senior stakeholders
• Comfortable leading and contributing to cross-functional teams

Desirable:

• Financial Services experience and knowledge of the associated regulatory compliance including DORA Operational Resilience and European regulatory engagement
• Masters degree
• Professional certification e.g. CIPS

Youll be successful if you enjoy building high performing teams influencing senior executives and solving complex sourcing challenges that combine strategic thinking with delivery.

What We Offer

• Opportunity to build a growing sourcing capability
• High visibility with leadership
• Accountability for Sourcing activity
• Exposure to strategic technology sourcing
• Investment in professional development and leadership
• A competitive salary and employee benefit package.

We are a successful dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.

The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit for more information about our companies.

Required Experience:

Director

Employment Type : Full-Time
Experience: years
Vacancy: 1