Head of Procurement

You are as unique as your background experience and point of view. Here youll be encouraged empowered and challenged to be your best self. Youll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day youll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals families and communities around the world.

Job Description:

Job Profile
The Head of Procurement would play a crucial role in overseeing and optimizing the procurement process within Sun
Life Global Solutions. This leadership position requires a seasoned professional with extensive experience and expertise
in procurement strategic sourcing vendor relations cost optimization and overall ensuring operational efficiency across
complex environments while bringing in high levels of Integrity Governance and Collaboration.
Key Responsibilities
The major responsibilities of the Head of Procurement are:
Strategic Procurement Planning: The incumbent shall develop and implement procurement strategies aligned
with the companys overall objectives and growth plans. This includes assessing current procurement
processes identifying areas for improvement and implementing best practices to streamline operations and
reduce costs.
Vendor Management: The individual must establish relationships onboard conduct due diligence and
maintain strong connections with various vendors subcontractors and suppliers.
Strong Negotiation Skills: The incumbent should be able to skillfully negotiate contracts terms and prices to
ensure favorable agreements that meet quality standards cost objectives and deadlines.
Contract Lifecycle Management: The Individual would manage the entire contract lifecycle from initiation
through execution to renewal or termination. Ensure that all contracts align with the business objectives
vision and regulatory requirements.
Budget planning and Cost control: The individual would work closely with finance and project management
teams to develop procurement CAPEX and OPEX budgets forecasts and cost-saving initiatives. Monitor
expenses track procurement metrics and implement cost-controlling measures to build a culture of long-term
savings on procurement costs.
Quality Assurance and Compliance: Through audits the individual must ensure that all procured materials
equipment and services meet quality standards regulatory requirements and industry certifications. Establish
quality assurance protocols inspection procedures and compliance checks to uphold the companys
reputation for excellence.
Market Insights: Stay at the forefront of industry developments and emerging market trends incorporate
relevant innovations and technologies into company practices. Utilize market data to negotiate contracts and
terms with vendors and optimize pricing terms and conditions. Use comprehensive market analysis including
tracking market indices economic indicators and supply chain trends to develop procurement strategies.
Risk Management: Identify and mitigate potential risks associated with procurement activities such as supply
chain disruptions vendor risk assessments supply chain security market fluctuations or geopolitical issues.
Develop contingency plans alternative sourcing strategies and risk mitigation strategies to safeguard against
various unforeseen challenges.
Tender Management and Bid Evaluations: The incumbent shall lead the tender process evaluate bids and
make recommendations based on technical and commercial evaluations. He / She should ensure that the
evaluation process is transparent and fair.
Cross-functional collaboration: Liaise effectively between suppliers manufacturers and other stakeholders.
Support various internal departments procurement needs through proactive engagement and solutions. The
Individual should understand the nuances of working in a complex operating environment as the role also
POSITION : Head of Procurement
REPORTING : Chief Administrative Officer
LOCATION : Gurugram
Role Description
includes
managing multi-city operations and matrix reporting relations with Canada. He / She would also be running procurement shared services catering to other geographies.

Team Leadership and Development: Provide strong leadership and mentorship to the procurement team fostering a culture of accountability collaboration and continuous improvement. He / She would be expected to set clear goals provide regular feedback and invest in professional development initiatives to empower team members and enhance their skills.

Sustainable Practices: The Individual must drive sustainable procurement strategies to integrate environmental social and economic considerations into sourcing decisions. Implement policies and procedures that prioritize suppliers with strong sustainability credentials.

Ethical Practices: Ensure ethical practices of the highest standards are in place and followed consistently

Transformation/Process Improvements: Without compromising on the risk and compliance posture streaming the process in a way to make it easier and simpler for the recipient of the service (internal stakeholders) leading to a positive VoC from them
Ideal Candidate
The ideal candidate should have over 20 years of extensive experience in procurement demonstrating a deep understanding of vendor management contract negotiations cost control auditing and quality assurance within a multinational corporation. The incumbent should be ambitious innovative driven and inclined towards driving transformation. Exceptional communication skills are paramount. The person must also be assertive enabling effective engagement with both internal stakeholders and external partners while maintaining objectivity. The incumbent should demonstrate a revenue-oriented mindset coupled with an entrepreneurial spirit and strong negotiation skills. They should exhibit a process-oriented approach continuously striving to implement best practices and innovate solutions beyond conventional methods. Integrity moral courage and honesty should underscore all professional interactions alongside self-motivation and an ability to thrive under pressure.

Bachelors degree in business administration Commerce Supply Chain or any other related field.

A Chartered Accountant with approximately 20 years of experience and 10-15 years of that experience in a multinational corporation.

Proven track record of leadership experience in procurement or related fields preferably within the Insurance industry.

Experience in managing a significant sized procurement budget

Extensive experience in enterprise-wide change management from inception to completion.

Strong Negotiation skills and ability to influence stakeholders at all levels.

Deep understanding of procurement best practices hands-on knowledge of all modules of sourcing market dynamics and regulatory requirement.

Should have had an experience in driving and delivering on Procurement Transformation process enhancements and automation & digitization of processes

Should have a strong knowledge of applications like SAP Ariba S4 HANA Ariba Contract Management Service Now and other such applications used in procurement

Demonstrated ability to work with multi-cultural/location teams in a Matrix environment

Should have lead teams for both the domestic as well as global procurement functions
Candidate Profile

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