Max Life Insurance - Manager - Procurement

About Max Life Insurance:

Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group, an Indian multi business corporation.

Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multichannel distribution including agency and third-party distribution partners. Max Life has built its operations over almost two decades through need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital.

For more information, please visit the Company's website at www.maxlifeinsurance.com

We Stand for:

Caring- A compassionate leader who demonstrates appreciation for diversity in thoughts and approach towards people as well initiatives, eliminates biases to promote meritocracy. A coach who inspires people to excel and sets a culture of high performance.

Collaboration- A boundary-less leader who is capable of identifying & leveraging expertise of team members for superlative outcomes, thus, delivers to the organization's ask. A leader who addresses challenges with a solution-oriented approach to create "win-win" partnerships within & outside teams through inspired cooperation and teamwork.

Customer Obsession- A leader who embodies Customer and keeps him at the core of all deliverables. Proactively anticipate customer needs and implement strategies to provide best in class customer experience.

Growth Mindset- An ambitious leader who can sponsor game changing ideas and rally the team to turn them into a reality. A leader who challenges the status quo, takes bold & creative actions to manage complex issues & achieve high impact goals by pushing self and others and raise the bar on performance.

People Leadership- A people's leader who inspires their teams to stretch themselves and achieve their true potential. A leader who creates leaders by coaching, empowering & motivating them to deliver superior business outcomes.

"Max Life Insurance is an Equal Opportunity Employer and promotes inclusion and diversity."

Job Purpose:

- He/she would be instrumental in identifying, building and managing effective relationships with key suppliers and in improving the performance and capability of all significant sources of supply.

- Effectively utilize strategic sourcing and supplier relationship management processes to achieve company goals of securing continuity of supply of goods and services, reducing total cost of ownership, improving supplier quality, establishing external partnerships to accelerate innovation, negotiate and structure cost effective and risk mitigated commercial models while executing cost optimization initiatives. Support organizational strategies to achieve corporate objectives.

Job Accountabilities:

- Procurement of common services / goods for Line of Business mainly for commodities like PPMC, Policy Printing, Claim Investigation, Customer Personal Verification, Underwriting, Survey & Research, Audit, Fitout, New Office Fitout, Employee Engagement Survey, Marketing Spend etc.

- Handle around 8-10 categories, 12-15 sub categories with total spend of approx. 60 Cr for year.

- Experience of working in larger team of Procurement Professionals

- Consolidate volume/ vendors for category / Sub category under role, develop new vendors to release savings.

- Manage multiple mix of tactical and strategic, in various categories and ensure timely closure of contract and release of Purchase Order as per agreed SOP.

- Led key initiatives, take full responsibility of the projects handled and keep users and stakeholders posted on the developments.

- Draft RFP, RFQ, RFI on Ariba for handled project and conduct e-Auction and related sourcing event.

- Prepare selection criteria for suppliers who can provide goods/services in accordance with the needs of the internal customers, negotiate rates, set up contracts and manage supplier relationships.

- Achieve given business targets on SLAs, Cost reduction and key control indicators.

- Manage and maintain internal customer, supplier relationships and customers.

- High level of internal customer orientation, proactive approach and focus on meeting agreed SLAs.

- Perform ongoing relationship management with Internal and External customer in order to increase satisfaction and improve interaction. Conducting regular monthly meeting with critical business / suppliers.

- Meet all statutory and legal compliance requirements as per policy.

Professional Qualification:

- Engineering Graduate / MBA

- Preferred Any Professional Qualification

Desired Skills & Experience:

- 8-10 years of relevant experience in services procurement and similar domain

- Mandatory experience of driving supplier selection, negotiations, purchase order management, contracts negotiation, supplier management

- Experience in similar commodity will be preferred

- Working on Ariba (Mainly on RFP, RFQ, RFI etc), Oracle.

- Strong negotiation skills and analysis of cost

- Analytical and commercial acumen

- Strong interpersonal and communication skills (Verbal & Written)

- Good presentation skills, excel, and system knowledge

- Strong process understanding and adherence to processes