AVP, Finance (Procurement)

Discover the GREAT in your career.

As a LIFE company, our customers are at the heart of all that we do. Being one of Asia’s leading insurer for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is Integrity, Initiative, and Involvement – from the way we treat every customer relationship with honesty and transparency, to our proactive approach of delivering the best possible solutions in both life and general insurance.

Integrity, Initiative, and Involvement is what guides us. It is what makes us do the right thing, take the lead, and choose ‘we’ over ‘me’. Our mission is to make life great for our customers because we understand what matters most to them, and we know how to help them protect it.

If you are looking to grow in an exciting career filled with opportunities and potential, we are seeking a professional to join our team as Manager/AVP, Finance (Procurement).

Job Purpose

Candidate will be assisting AVP Finance in managing the Procurement department and leading the team where the primary functions of the departments are;

i) Purchase Order Administration

ii) Conduct sourcing of Property related and general items

iii) Conduct regular review & updating the Procurement Framework & its operating Guidelines

iv) Review procurement templates/forms raised by Business Units (“BU”) to ensure alignment to the requirement of the Framework.

Candidate will play a pivotal role in training and grooming the staff, monitoring day-to day operations of the department to ensure the service level is met, also conducting department risk assessment and preparation and monitoring of the Procurement department’s budget.

Candidate will also be supporting the relevant stakeholder and requestor in providing advices and guidance on Procurement requirements for efficient and effective sourcing process conducted by the respective stakeholders.

The Job

• Assist AVP Finance to manage the Procurement department and support process centralisation setup within Great Eastern Group
• Review and revise Procurement framework, i.e. Policy, OG, Procedure annually and ensure any deviation is approved by Group Procurement
• Conduct yearly refresher briefing to session to Business Units and Management Team
• Attend to user query and provide advice on Procurement framework
• Review procurement templates, Expenditure Approval Form and provide comment to requestor, if any
• Review Purchase Order (“PO”), perform compliance check on supporting documents and approved PO
• Monitor the Sourcing team and provide guidance/input as and when required
• Overseeing Store Operations
• Prepare and monitor departmental budget and expenses
• Review and monitor department CRSA and BCM activities
• Assign as Procurement Department Risk Officer (“DRO”) and to perform yearly review on departmental RCSA, GPRA, Corruption Risk Management, incident reporting on LED and identify department Key Risk Indicators
• Managing Tender and Quotation submission process
• Manage and review exceptional handling request, i.e. waiver and deviation
• Attend tender or exceptional handling request meeting, as and when required
• Investigation and issuance of non-compliance (“NC”) incident against the framework
• Prepare report to Group Procurement on approved exceptional request and NC occurrence, quarterly
• Prepare report to Senior Management Team member on NC occurrence, quarterly
• Provide support to Group Procurement on ESG (sustainability) initiative
• Encourage and support teambuilding
• Assist AVP Finance, Financial Controller and CFO, on other functions as and when required
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company
• Highlights any potential concerns /risks and proactively shares best risk management practices

Our Requirements

• Degree in Supply Chain Management / Accounting / Finance / Business Administration or CIPS level 6
• 5-7 years of working experience with minimum 2 years of experience in Management roles, preferable in Supply Chain Management / Procurement
• Good background / knowledge of procurement operations
• Good time management and detailed-oriented
• Meticulous and good with numbers
• Able to work independently and a good team player
• Good communication skills – written & verbal
• Good presentation skills
• Analytical thinking
• Proficient in Microsoft Office / Excel and good computer skills
• Good negotiation and sourcing skills
• Good leadership skills
• High level of integrity, takes accountability of work and good attitude over teamwork.
• Takes initiative to improve current state of things and adaptable to embrace new changes.

About Great Eastern

Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner.

We work collaboratively with our stakeholders to look for candidates who exhibit or have the potential to embrace our core values and associated behaviours, as these are the key traits that we expect from our employees as they develop their careers with us.

We embrace inclusivity, giving all employees an equal opportunity to shine and play their role in exploring possibilities to deliver innovative insurance solutions.

Since 2018, Great Eastern has been a signatory to the United Nations (UN) Principles of Sustainable Insurance. Our sustainability approach around environmental, social, and governance (ESG) considerations play a key role in every business decision we make. We are committed to being a sustainability-driven company to achieve a low-carbon economy by managing the environmental footprint of our operations and incorporating ESG considerations in our investment portfolios; improving people’s lives by actively helping customers live healthier, better and longer; and drive responsible business practices through material ESG risk management.

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.