The Supply Chain Senior Sourcing Manager is a senior level position responsible for leading procurement activities for the Employee Benefits category in EMEA (focusing on medical and life insurances). In this role, the sourcing manager will lead the negotiation of terms and conditions, price, analyzing comparable suppliers and agreeing on contracts in coordination with the HR Benefits team. The overall objective of this role is to acquire the benefits needed for our workforce on competitive terms, leveraging RFPs, benchmarking and local brokers.
Responsibilities:
- Oversee sourcing strategy, develop standards, policies, targets, and category strategies as well as coordinate the sourcing process for the various products and services within the procurement group
- Lead and/or participate regional category forums maintaining high level sourcing processes and team
- Develop and/or implement market analyses/benchmarking processes and leverage key insights to inform and support the category strategy development process
- Develop and/or implement a strategic supplier management program to ensure optimal supply chain performance
- Perform financial modeling and lead development and execution of negotiation strategies for high-value and complex multi-year deals
- Set strategic direction with suppliers, establish supplier qualification criteria, develop contract requirements and master agreements, model total cost of ownership, and negotiate and manage contracts
- Lead support for cross functional teams in developing and executing sourcing, supplier management strategies, and complex contract negotiations
- Develop strategies for sourcing, supplier management, negotiation, productivity, and customer and supplier relationships
- Coach and train more junior sourcing managers as well as serve in informal/formal leadership roles within team
- Has the ability to operate with a limited level of direct supervision
- Can exercise independence of judgement and autonomy
- Acts as SME to senior stakeholders and /or other team members.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency
Qualifications:
- 6-10 years of relevant Sourcing experience
- Certified Purchase Professional such as CPM or CIPS preferred
- Experience in sourcing or procurement in a large, multi-national organization
- Experience with Insurance (medical, life, disability) and other HR Benefit Programs
- Experience in complex deal structuring, negotiations, and contracting
- Advanced computer skills with a focus on Microsoft Excel
- Very High Competency in eProcurement tools (e.g GEP, Oracle, Procure-to-Pay, eAuction, eRFx).
- Demonstrated strategic sourcing/procurement, stakeholder management, relationship management, and influencing skills
- Bachelor’s degree/University degree or equivalent experience
- Master’s degree preferred
What we can offer you
This is a role that will offer you the opportunity to build an in-depth knowledge of liquidity management and financial products. Every day there will be new business challenge that will help you develop new skills that can drive your career.
By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:
- Cafeteria Program
- Home Office Allowance (for colleagues working in hybrid work models)
- Paid Parental Leave Program (maternity and paternity leave)
- Private Medical Care Program and onsite medical rooms at our offices
- Pension Plan Contribution to voluntary pension fund
- Group Life Insurance
- Employee Assistance Program
- Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
- Flexible work arrangements to support you in managing work - life balance
- Career progression opportunities across geographies and business lines
- Socially active employee communities with diverse networking opportunities
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
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Job Family Group:
Corporate Services
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Job Family:
Supply Chain
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Time Type:
Full time
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Most Relevant Skills
Please see the requirements listed above.
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Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
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