Manager, Non IT Procurement

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Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Role Purpose

The Non-IT Category Manager will be responsible for providing procurement expertise, support and leadership of end-to-end procurement to business stakeholders across Prudential’s Head Office, Service Entities and business units across Asia and Africa. This role will be based at its office in Kuala Lumpur (KL) Malaysia, with a particular focus on Non-IT categories of expenditure in particular advertising & marketing, corporate affairs and travel & events.

The Non-IT Category Manager will partner with business stakeholders and actively support strategic sourcing, category management, vendor management, negotiations and contract management activities whilst continuing to identify opportunities to maximize value and mitigate risk from the Group’s c. USD 450mil / annum Non-IT expenditure (out of the Group’s total procurement expenditure of c, USD 1 Bil) whilst also driving best practices with regards to vendor monitoring and governance third-party arrangements, particularly with the Group’s strategic partners.

Organization Context

Prudential’s group-wide procurement capabilities and footprint have recently been formalised in the last 6 years and have evolved significantly in this period through continued investment in procurement capabilities. The roll out of Coupa, the Group’s full service procurement and third party risk management platform has improved maturity and effectiveness through introduction of systemised expense governance and procurement controls, supplier management, contract management, reporting, analytics and third party risk management processes.

Key Accountabilities And Performance Measures Impacted

• To develop, maintain and influence relationships with business stakeholders and vendors across the Head Office and business units as appropriate, as part of establishing the Group Procurement function as a trusted business partner;
• Identify opportunities for spend optimization and risk mitigation through detailed spend analysis and non-IT category spend expertise, in particular advertising & marketing, corporate affairs and travel & events;
• Execute category management, vendor management and procurement activities, including strategic sourcing, RFP / RFI’s and commercial / contractual negotiation;
• Conduct contract management activities : (one.) Liaise with internal stakeholders and contract owners to establish commercially effective and compliant agreements; (two.) Identify and advise internal stakeholders of contractual risks and recommend strategies to mitigate risks; (3.) General maintenance of existing contracts including the management of addendums, contract reviews, renewals and terminations; and (4.) Provide guidance and support with respect to third party risk management and third party due diligence activities
• Partner with business stakeholders in third party / vendor performance management activities;
• To continually utilize best procurement practices and identify continuous improvement opportunities in the capability of the Group Procurement function;
• To seek consolidation of the vendor base through identification of vendor rationalization opportunities and establishment of preferred vendors and strategic partnerships where applicable across the business;
• Support compliance to the Procurement Policy and implement initiatives that drive awareness and compliance to the Procurement Policy across the business.

Candidate Specifications

The candidate must have the following experience and be able to demonstrate the following :

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law.

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