Procurement Analyst (6 Month FTC)

Job Title: Procurement Analyst (6 Month FTC)

Location: London/Hybrid (Typically 1 day required in the office)

Type: Full time/Fixed Term (6 Months) (If you are a job share partnership, work reduced hours, or any other way of working flexibly, please do still get in touch)

At Ardonagh Specialty, we provide much more than just a workplace. We are dedicated to fostering skill development and knowledge within a team that is passionate about their work, values their Employees, and truly celebrates diversity.

Working at Ardonagh Specialty means you’ll be part of The Ardonagh Group. We are proud of our innovative environment offering many opportunities for growth across the wider group. Employees regularly move between our united teams, and we encourage you to make your role your own.

Our offices are lively and exciting places to be, but we understand that life needs flexibility, and offer a genuinely flexible approach to working. If you are looking to join a thriving, energetic business with exciting plans, this role could be an ideal fit for you.

What we can offer:

We offer much more than just an inclusive culture with apprenticeships, study support, participation in our annual Spotlight Awards, Community Trust, Sports Teams, office socials, events and so much more. All of this with a supportive management team as well as working alongside some of the industry’s top talent.

You’ll have access to wellbeing programs, fantastic discounts across many big-name businesses including supermarkets, gym memberships, restaurants, and healthcare cash plans etc.

Further perks of working with us (Fixed benefits):

• Employer pension contribution of 10% (providing you, the Employee provides 5%).

• Good work life balance - flexibility to suit you.

• Competitive salary.

• Life Assurance at X4 of your base salary.

• Group Income Protection.

• Generous Annual Leave entitlement.

• Private Medical Insurance.

• Group annual bonus scheme.

Purpose of the Role:

The procurement department is responsible for the control and oversight of over £60m worth of spend on suppliers for the Ardonagh Specialty Limited. The purpose of this role in the wider Procurement Function is to provide operational and analyst support to the Procurement Department to; increase compliance with procurement policy and processes in key areas of the business and ensuring effective spend against the balance of risk on the suppliers of services and goods.

The Procurement team are responsible for providing support, advice, and assistance to other Ardonagh Specialty departments in its purchasing and procurement activities, whilst ensuring all purchasers use approved suppliers and follow correct processes. The role requires assisting Ardonagh Specialty in understanding where the company is spending its money, to make the company more efficient, achieve value for money and ultimately save money in future years. The role requires some UK travel as and when required and will be required to working alone, managing own tasks under the broad framework set by the manager. The role is aligned to the strategic direction of the procurement function as well as providing support to the Director. The following are key areas of the role:

Contract Management System (“CMS”)

· The operation of ensuring Supplier contracts are correctly stored with all associated Meta Data to ensure effective management and governance.

· Manging supplier digital annual due diligence process for new suppliers

· Reporting on current on-boarding supplier workstreams to ensure any delays are highlighted to the relevant departments

Procuring Goods and Services

· Supporting the delivery of procuring/renewing new goods and services in establishing cost effective contracts for the Company from renewals to RFPs.

· The management of specific suppliers owned by Procurement.

· Supporting Merger and Acquisition activity relating to Supplier Contracts

Supporting any supplier contract termination and novation activities

General

· The production of Management Information on which business decisions can be made.

· Supporting the maintenance of Procurement Standard Operating Procedures, Work Procedures and Templates

· Managing the monthly spend report to ensure it is aligned with the CMS.

· Reporting on spend data up to Director and wider team

· General support as required by the Procurement Director

· Identify and implement cost saving opportunities

· Providing support and direction to the business segments in all matters Procurement

· Mitigating and managing supplier risks.

Day to Day Tasks Involved:

Working autonomously the following will be performed in the day to day activities:

· Full ownership & Subject Matter Expert (SME) for the contract management system (CMS).

· Maintain tools used within the Procurement function such as the Contract Management (CMS) systems, due diligence software and contract management database.

· Managing supplier contract renewals and negotiating to obtain commercial advantage.

· Working with the business areas to identify purchasing requirements and working within the Procurement and Supplier Management Framework whilst following the Procurement Standard Operating Processes to procure goods and services.

· Understanding how suppliers are categorised in the CMS and its importance to Ardonagh Specialty Limited.

· Advising the business on what due diligence is required surrounding purchases.

· Finding ways to automate certain processes to aid to productivity & performance.

· Help cover Procurement Administrative activities for annual leave/sick leave.

· Chairing meetings with key stakeholders on procurement activities.

· Emailing internal teams to help improve compliance with procurement processes.

· Understanding & following procurement policies & procedures

· Attending supplier and internal scoping meetings.

· Coordinate and resolve the Specialty procurement inbox queries.

· Provide system administration and management of credit checking systems, such as Dun & Bradstreet.

· Writing and maintaining working instructions in conjunction with the procurement team.

· Assess business needs by coordinating and prioritising own workload to meet deadlines and ensure efficiency of the business.

· CPD for career progression in becoming a Procurement professional

· Develop and undertake review of procedures which are used within the Procurement department and external processes

· Understanding the broader controls processes that impact Procurement including, but not limited to; Delegate Authority, Authorised Signatures, the Ardonagh Accountability Framework, etc.

Managing the contract and risk approval process.

Key Role Accountabilities

Functional Knowledge/ technical knowledge

o Good analytical skills with close attention to detail.

o Good IT skills particularly in Excel, Microsoft Word, and Outlook.

o Understand and interpret information.

o Risk Management

o Regulated requirements of the FCA and ICO impacting the Ardonagh Specialty Ltd.

Business Expertise

o Effective written and oral communication skills.

o Coordinate and prioritise own workload to work independently.

o Ability to build and manage strong relationships internally and externally.

o Driving continuous improvement and innovation.

o Able to investigate the root cause of a problem and rectify it as required.

Building self-insight & relationships

o Strong relationships with onshore and offshore teams.

o Build and maintain relationships with senior internal stakeholders.

o Excellent team working and interpersonal skills.

o Ability to adopt a systematic approach to tasks and to work within set processes.

o All round team player and proactive.

o Approachable, good listener, easy to talk to.

o Negotiation skills

Education

Degree level in Accounting/Finance, Engineering, Mathematics, Economics or similar level, role-relevant qualification, or equivalent experience in industry.

GCSE standard with GCSE Maths & English Grade C or above (or equivalent).

• Specialised Knowledge – Procurement, IT Services and regulation.

• Skills – Negotiation, Supplier Relationship

• Professional Certification – CIPS (Chartered Institute of Purchasing and Supply) or equivalent or experience in industry

Experience (nice to have) - Experience in a Procurement or Purchasing role in the Financial Services sector.

Think you don’t meet every requirement?

We are dedicated to creating a diverse, inclusive, and authentic workplace where everyone can thrive . If you’re excited about this role, but your experience doesn’t perfectly match what we are looking for, please apply anyway. You might just be the right fit for the job, or other opportunities we may have within the wider Group.

Interview Process:
At Ardonagh Specialty, we have a straightforward interview process to ensure the best fit for both you and the company:

• Submit your application with your CV, emphasising your skills and experience related to the job.

• Our Talent Acquisition team will then arrange a call where they can tell you more about the role and the team. We want to learn about your motivation and goals, what you can bring to Ardonagh Specialty, and answer any immediate questions.

• If successful, you will generally be invited to engage in a 1-hour interview with the Hiring Manager and selected team members, via teams or in person. We will discuss our technologies, key skills, and team dynamics and provide further opportunity to ask any questions. This is your chance to voice your thoughts on the role and we will outline our expectations and ensure this role aligns with your ambitions for the future.

• Depending on the role, you may be invited to attend a second stage interview with further members of the team.

If successful or unsuccessful, we always try and move quickly in presenting an offer or providing feedback.

#AS