The posting
Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
Job Purpose To liaise with stake holders to develop and implement category plan and strategic sourcing. To handle company procurement requests following the defined strategic sourcing to ensure the best values are delivered to the Company and risks to the Company are minimized /mitigated through effective contractual and service level agreement, whilst achieving cost savings (cost avoidance and cost reduction) for Prudential. To drive responsible sourcing for Prudential and locally implement sustainability program in line with Group strategies.
Job Responsibilities
Key job responsibilities assigned to this position are:
- Develop category plan and partner with the business stakeholders to understand sourcing needs
- Highlight purchasing trends and analyze spend to management for action to be taken through new principal sourcing plans; Ensure strategic sourcing implemented;
- Establish and drive cost saving targets. Control spend and build up a culture of long-term savings for third party spend;
- Provide optimum sourcing strategy to deliver the most valuable and righteous goods and services and beyond the corporate standards
- Act as Procurement Business Partner to support business in awareness and compliance to procurement policies and procedures, third party risk governance;
- Identify new vendors as necessary and determine the optimal set of providers for goods and services;
- Manage daily operations related to in-charged categories, system process, document retention and procure-to-pay issues.
- Initiate and implement ESG programs under Sustainability strategies from Group or from BOD
- Manage stakeholders to drive sustainable and responsible sourcing for the company;
- Perform other tasks as appropriate within competence as assigned by Line Manager/ Head of Procurement or Company’s management.
Job Accountability
- Manage to achieve the set objectives, esp. in cost efficiency and value added to business;
- Develop and implement category management plan and strategic sourcing
- Collaborate spend governance with business stakeholders
- Ensure the projects are delivered with the agreed quality on a timely manner
- Ensure all the works are strictly complied with Company’s procedures & regulation
- Partner with regional / global procurement team in big projects.
- Develop and execute Sustainability of Procurement individually and Prudential generally following to local and global strategies.
Job Requirements
Qualification:
Mandatory: Bachelor’s degree (Law/Commerce/Economics/Foreign Trade/Finance)
Knowledge:
- Procurement and Supply chain with best practices and worldwide standards.
- Broad and deep technical knowledge of commodity and product including specification, market trends and supply base, especially for Promotional items, HR services, Professional services.
Advantage: Degree in supply chain management / International certification of procurement / supply chain.
Experiences:
Mandatory: At least 3 years of experience at an independent level or as a Business Partner
Advantage:
- Prior experience of Procurement systems, especially global platforms like SAP, Ariba, Oracle, Coupa.
- Prior experience of Procurement in financial industry / in MNCs
- Proven background about Sustainability, ESG, Kaizen, etc.
Knowledge and skill set:
Mandatory:
Strong leadership capabilities – ability to act as team leader for special assignments; leadership demonstration in development of purchasing skills and specific commodity knowledge for project team members.
Communication skills – excellent verbal, written and oral capabilities to deal independently with internal customers and external resources.
Interpersonal skills – ability to build effective organizational relationships inside and outside the department,
Good understanding of procurement tools & processes
Knowledge of economics, law, supply chain, procurement, logistics, finance, insurance, etc.
Contract management and Vendor performance management.
Understanding of ESG.
Fluency in English, especially speaking and business writing. Experience to work with foreign third party.
Good computer skills and proficient in Excel, Word, Outlook, Teams, PowerPoint, etc.
Advantage:
Risk management
Financial & legal aspects knowledge
Ethics policies knowledge
ESG
Job’s attributes:
Integrity
Business acumen
Results orientation
Innovative
Critical thinking
Core Competencies:
5 PruWays
4 Behaviors
Execution Competency
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
