Procurement Analyst
Location: London
Contract Type: Permanent
Work Pattern: Full Time and Hybrid
About The Job
Here’s a snapshot of some of the key parts of the job:
- Manage supplier governance, ensuring timely sharing of materials with required information.
- Oversee supplier due diligence and onboarding within MS AUL’s Third Party Risk Management (TPRM) Framework, ensuring third parties meet risk appetite and overseeing new contracts and renewals.
- Track due diligence assessments, address business and Risk SME queries, and serve as an escalation point for suppliers.
- Collaborate with Finance to manage procurement budgets, track spending, and identify cost-saving opportunities.
- Design and maintain financial management tools, including contractual templates.
- Manage the supplier audit process, ensuring proper audit controls are in place for processes and invoices per MS AUL’s Policy & Procedures Manual.
- Provide timely reporting on business-as-usual services, transitions, project costs, expense management, spend analysis, pipeline management, and TPRM.
- Monitor and report on supplier costs by function, addressing variances from forecasts.
- Build relationships with business stakeholders, Risk, Compliance, Legal, and Finance teams to ensure contracts align with business needs.
You’re going to enjoy this job if you also:
- Thrive in fast-paced environments, shaping solutions and influencing outcomes.
- Skilled at interacting with senior executives successfully.
- Hold suppliers accountable while supporting mutual success.
- Work effectively with internal teams to meet contract obligations.
- Passionate about personal and team development.
- Foster accountability, challenge, and continuous improvement.
- Create buy-in and engage diverse stakeholders.
- Detail-oriented with a focus on key issues.
- Simplify complex messages and data for clarity.
What you’ll need:
For this particular role there are some important qualifications and experience we need you to have. These include:
- At least 3 years experience operating in a procurement and supply chain environment
- Demonstrable experience in managing supplier onboarding/offboarding, contract terms, financial control, planning and budgeting and managing the flow and gating of commercial documents and change.
- High levels of proficiency in Excel and general report building
- An understanding of the insurance lifecycle would be a genuine plus
- A mindset for thoroughness and collaboration
We are stronger together because of our common interests and rich differences. You may be the strength we didn’t know we needed. Believe in yourself, and click apply today!
What Can You Expect From Us?
- Competitive Base Salary
- Performance Related Discretionary Bonus
- Holiday: 28 days core annual leave, and you can buy up to 5 days
- Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%)
- Private Medical: cover for yourself. Family members/dependants can be added.
- Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits.
- Life Assurance: 5 x annualised base salary
- Enhanced Parental Leave (maternity and paternity): 6 months full pay, entitled from day 1.
- Continuous Learning Approach: Including study support with professional qualifications.
- Employer Supported Volunteering: 3 days volunteering leave.
- Carers Leave: 5 Days Full Pay.
- Annual health screening
- Give as you earn
- Cycle to work
- Season ticket loan
- Green car scheme
- Retail discount platform
About MS Amlin
MS Amlin is a group of leading global (re)insurance companies, and we are part of the global top-10 non-life insurance group MS&AD. We operate through four legal entities operating in the Lloyd’s, Continental European, US and Bermudian global (re)insurance markets.
This role is in our Lloyd’s business
Our Lloyd’s business writes a diverse (re)insurance portfolio and specialises in providing insurance coverage to commercial businesses and offering reinsurance protection to other insurance companies around the world. We operate from our offices in the heart of London’s (re)insurance district and from our market hubs in Asia and the Middle East. We work in partnership with our brokers and clients to provide proactive risk solutions and support across a broad range of trades and industries. We operate through our Lloyd’s Syndicate 2001, and we can trace our roots in the insurance market, back over 100 years.
Top Skills
What We Do
Millennium is a global alternative investment management firm, founded in 1989, which manages $54.9 billion in assets. We seek to pursue a diverse array of investment strategies across industry sectors, asset classes, and geographies.
Our four primary strategies are RV Fundamental Equity, Equities Arbitrage, Fixed Income Strategies, and Quantitative Strategies.
Millennium was founded on the belief that innovation and results come from empowering talented, independent-minded individuals. To us, success is the combination of drive and discipline.
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