Chubb Life HK - Senior Procurement Manager

The Senior Procurement Manager will oversee Chubb Life Hong Kong's procurement and sourcing activities. This position will be a centralized role responsible for managing procurement activities with Chubb Life Regional Procurement guidance. The ideal candidate must possess a strategic mindset, along with proven expertise in category strategy development, cost-saving initiatives, strategic sourcing (including RFP processes), supplier negotiations, and contract management. Strong communication, presentation, and stakeholder management skills are essential.

Key Responsibilities:

• Category Strategy Development: Create and implement effective sourcing strategies for high spending non-IT categories (e.g. Marketing and Event) that drive efficiencies and align with the company’s business objectives.
• Cost Savings Initiatives: Identify and execute opportunities for cost reduction while maintaining high service levels and quality standards across categories.
• Supplier Negotiation: Lead negotiations to achieve favorable contract terms and conditions that support the organization’s financial goals.
• Stakeholder Management: Collaborate with cross-functional teams, including Regional office, functional BUs, finance, compliance, and operations, to ensure sourcing strategies address organizational needs and align with strategic goals.
• Market Intelligence: Stay abreast of industry trends, and market developments to inform sourcing decisions and enhance competitive positioning.
• Performance Monitoring: Establish and track key performance indicators (KPIs) for supplier performance and ensure alignment with service level agreements (SLAs).
• Change Management: Effectively manage the key stakeholders at all levels in Chubb Life Hong Kong, ensuring a smooth change process.
• Compliance and Risk Management: Ensure sourcing practices comply with regulatory requirements applicable to the insurance industry while effectively managing associated risks.
• Reporting and Presentation: Prepare and deliver presentations for senior management that outline sourcing strategies, performance metrics, and improvement recommendations.

Qualifications:

• Bachelor’s degree in business administration, Supply Chain Management, or a related field; MBA preferred.
• Minimum of 5-7 years of experience in complex procurement deals for high spending categories (e.g. Marketing and Events) within the banking / insurance industries.
• Proven experience in developing category strategies, driving cost savings, and conducting complex negotiations.
• Strong understanding of key insurance spending categories
• Excellent communication, presentation, and interpersonal skills, with a demonstrated ability to engage and influence stakeholders at all levels of the organization.
• Fluency in Cantonese and English is required; proficiency in Mandarin is a plus.
• Strong analytical skills with the ability to interpret complex data and make sound decisions based on findings.
• Familiarity with best practices and compliance in sourcing within financial services.