Procurement Manager
Procurement Manager
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Job Description
In good company.
Hamilton (NYSE: HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Its three underwriting platforms: Hamilton Global Specialty Hamilton Select and Hamilton Re each with dedicated and experienced leadership provide access to diversified and profitable business around the world.
Headquartered in Bermuda Hamilton has over 600 employees with key underwriting operations in London Bermuda the US and Dublin. We work collaboratively we share a passion for the service and results we deliver and we know that what we do each day is meaningful to our customers and our business. We believe we are In good company. with everyone we interact with.
Were looking for a
Procurement Manager
This role shall support the Head of Procurement in managing and monitoring procurement operational activities across Hamilton Group by monitoring the application of the Group Procurement Policy across vendors (including from an onboarding contractual and SOX perspective) supporting the rationalization/optimisation of the supplier base and overseeing the relationship with our travel providers.
What you will do
- Oversee and monitor the application of the Procurement Policy working with business owners to manage their third-party supplier relationships
- Support business owners with the selection of prospective vendors and facilitate risk assessments / due diligence procedures - challenging where appropriate before specialist reviews (e.g. IT compliance and legal)
- Monitor regulatory compliance in respect of vendors engagement and ongoing services
- Lead the monitoring and reporting of key suppliers performance ensuring appropriate (and aligned) service level agreements (SLAs) / key performance indicators (KPIs) are in place and supplier performance remains in compliance with contractual obligations and quality standards; support any improvements needed
- Support sourcing initiatives and supplier rationalization
- Collaborate with internal departments to forecast procurement needs and budget accordingly
- Support negotiations with suppliers
- Co-ordinate and manage tender processes when required
- Support business in appropriate use of purchase orders
- Oversee travel management process assisting staff with adhering to booking process / T&E Policy identify areas of savings and act as the business contact for the travel management companies
- Support analysis of current spend and advise on areas of cost savings
- Oversee business use of Procurement / Travel systems and support system development as required
- Lead on reporting to the Vendor Management Working Group and support local entity reporting needs (largely Operations Committee) as required
- Train Hamilton staff on procurement processes during onboarding and through ongoing refreshers ensuring consistent compliance with policies and efficient purchasing practices
Conduct Standards
- You must act with integrity
- You must act with due skill care and diligence
- You must be open and cooperative with the CBI FCA the PRA and other regulators
- You must pay due regard to the interests of customers and treat them fairly
- You must observe proper standards of market conduct
- You must act to deliver good outcomes for retail customers
What you require for the role
- Strong experience in procurement from a financial services environment (insurance industry desirable) working on a global basis
- Have a track record in supporting Procurement strategies with specific IT and professional services expertise
- Expertise in the field of vendor management / procurement policy compliance
- Knowledge/familiarity of applicable regulations desirable
- IT literate advanced user of Excel. Strong background in workflow applications and document management
- Ability to collaborate and develop a good network of business contacts internally and externally
- Ability to manage multiple projects and meet tight deadlines.
- Technical expertise & capabilities within your field
- Ability to productively leverage data and technology
- Open innovative and inclusive mindset
- Collaborative spirit
- Results-oriented and growth mindset
What you can expect from us
At Hamilton we offer a vibrant entrepreneurial and collaborative workplace shaped by our values: Be Smart Be Sensible Be Open and Be More.
Our employees consistently say they would recommend Hamilton as a great place to work a testament to the inclusive supportive and empowering culture weve built together. We embrace individuality value diverse perspectives and recognise the unique contribution each person makes to our continued success.
Required Experience:
Senior IC
Employment Type
Full-Time
