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Jobs or company...

Senior Procurement Manager

  • Full Time, onsite
  • Liberty General Insurance Berhad
  • Wilayah Persekutuan Kuala Lumpur, Malaysia
Salary undisclosed

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As a Senior Procurement Manager, you will lead the company’s procurement operations, focusing on maximizing value and driving cost-saving initiatives. You will manage centralized procurement processes, ensure compliance through a strong governance framework, and collaborate with business leaders to meet sourcing needs. Responsibilities include contract negotiations, supplier optimization, and continuous improvement of procurement systems. You will also ensure adherence to legal, regulatory, and ethical standards while monitoring key performance indicators to drive operational efficiency and performance improvements.

Key Responsibilities

  • Focus on maximizing value for the organization by spending wisely, promoting an expense mindset, and championing expenses saving initiatives.
  • Oversee and manage the operation and process of centralized procurement for the company, and conduct regular training and awareness to all stakeholders, ensuring efficiency and effectiveness.
  • Establish and maintain a robust governance framework to ensure transparency and compliance in all procurement operations, systems, and processes.
  • Continuously evaluating and improving procurement processes, systems, and tools to enhance operational efficiency, productivity, and cost-effectiveness
  • Partner with business leaders in ensuring sourcing process is in accordance with Procurement policy and guidelines and other relevant requirement which include reviewing Requests for Proposals (RFP) and Requests for Quotations (RFQ) and evaluations.
  • Collaborating with internal stakeholders to determine procurement needs, forecasting demand, and developing procurement plans to meet business objectives.
  • Overseeing contract administration, including contract negotiation, renewal, and compliance, while mitigating risks associated with vendor contracts.
  • Conducting cost analysis and market research to identify cost-saving opportunities, optimize supplier selection, and negotiate favorable terms and pricing.
  • Ensuring compliance with legal and regulatory requirements, ethical standards, and company policies throughout the procurement process, while mitigating potential risks.
  • Establishing and monitoring key performance indicators (KPIs) to assess procurement performance, supplier performance, and identify areas for improvement.

Requirements

  • 7 - 8 years of working experience in the related field - procurement & vendor management
  • Experience in the financial industry is an added advantage
  • Proficiency in conducting cost analysis, price negotiation, and implementing cost-saving strategies
  • A Bachelor's Degree in a relevant field
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