Sourcing (Procurement) Specialist, Finance & Operations
Working at our iconic office in Kings Cross, London, and virtually via Microsoft Teams
Part of a successful Sourcing function, working independently and alongside Senior Sourcing Specialists to deliver value add Procurement services to the business. You’ll act as a gateway to Procurement, taking on a new aspect to the role where you’ll be the first point of contact for your assigned Business Functions.
You will direct and triage procurement requests and depending on the spend and risk profile of the request, you will then either directly lead the request through to conclusion or ensure the request is seamlessly assigned to another member of the team.
Procurement requests will include everything along the supplier lifecycle from supporting the business with new supplier needs through to supplier exits. Key to the role will be contributing to the company’s cost to income ratio by ensuring maximum value is achieved from suppliers. You’ll run and mitigate supplier risk via negotiating adequate contract coverage.
You’ll deliver
- Act as “go-to” contact for Business functions, directly advising on required processes and correct Procurement contact points.
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Triage and digitally handle new supplier on-boarding requests, ensuring accurate risk identification and Procurement pathway.
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Lead commercial and contract negotiation for “standard” new supplier onboards and ensure completion of the supplier on-boarding and contract execution process.
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Lead contract renewals for “standard” suppliers, ensuring supplier risk profiles are validated and contracts remediated, as necessary.
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Complete SOW extensions ensuring governance checks are completed.
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Management and execution of NDA’s.
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Develop and deliver Sourcing category plans for “Leverage” supply categories.
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Support Senior Sourcing Specialists on “Strategic” Procurement matters.
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Actively identify and deliver supplier savings in line with individual and team savings targets.
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Produce and maintain Sourcing team MI including Supplier spend and contract expiry data.
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Act as a PO gatekeeper in Purchase2Pay system for selected suppliers.
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Maintaining and improving Sourcing team procedures and process documentation.
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Help develop, deliver and train business functions on new Procurement processes.
We need knowledge, experience + expertise in:
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Procurement must include reviewing contracts and contract negotiation
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Degree (or equivalent) or experience of a Procurement Graduate scheme
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Proven interpersonal and relationship building skills
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Understanding of Sourcing processes and Procurement risks
And would love you to know or learn:
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Financial Services or Regulated Industry
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Procurement process development and implementation
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AI and Procurement
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Medius (formerly Wax Digital) S2C modules and DocuSign
Where next? Let’s talk about this role – Apply now or contact talent@newday.co.uk with any queries.
We help people move forward with credit and help our colleagues to move their careers forward too.
We use our highly flexible, scalable, and multi-product digital credit engine to power over 120 million transactions every year. Our brands include Aqua, marbles, fluid and Bip. We partner with leading brands such as John Lewis, AO, Argos and DEKO.
Over 5 million UK customers are supported by our award-winning customer service.
At NewDay, we value all types of diversity. We’re an equal opportunity employer and believe that our differences create a vibrant, authentic working culture. We want all our colleagues to feel able to bring their whole selves to work. We don’t discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation. We make sure that every job is crafted to be inclusive and that people with disabilities or caring responsibilities can take part in the application and interview process. Tell us if you need accommodations: we’ll put reasonable adjustments in place to support you.
Our dynamic NewDay culture
We’re focused on what will drive impact in helping people move forward with credit. Our distinctive culture is geared to spark innovation and team working – with lots of open doors for development. Our customers can rely on us because we aim high, support each other, do the right thing and build for the future.
We invest in our colleagues. On top of a strong market competitive salary, you get a bonus opportunity that matches the impact (delivery + values) you drive in your role. We also help you retire better with market leading pensions.
At NewDay, #yourwellbeing matters: You get 26 days holiday and can buy up to 5 more after probation. Then you’ll get extra days as you build your career with us.
NewWork, our flexible, hybrid working approach, helps you to manage your work/life balance - and even bolt on work time in other countries before or after your holiday. And when you’re in the office, you get free healthy breakfast, fresh juices, lunch, barista coffee etc.
Our tax efficient green car and cycle to work schemes save you money (and help the planet).
Ask your Talent Acquisition Partner to tell you more about any of our perks.
We work with Textio to make our job design and hiring inclusive.
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