Procurement & Vendor Management Manager

Location: Greater London

** Job Title
** Procurement & Vendor Management Manager
**** Job Description
****** Role Overview
** We are currently seeking a Procurement & Vendor Management Manager to join our Global Procurement Solutions (GPS) Team in London.

This role presents an excellent opportunity for an experienced procurement and vendor management professional with a strong background in global sourcing, vendor governance, contract management, and stakeholder engagement within a regulated or complex organisational environment.

The Procurement & Vendor Management Manager will be responsible for overseeing and continuously improving the organisation’s procurement and vendor management framework. A key focus of the role will be leading the transition from legacy or decentralised procurement practices to a more structured, transparent, and scalable operating model aligned with enterprise procurement standards and risk management  addition to operational responsibilities, the Procurement & Vendor Management Manager will play a key role in shaping procurement strategy and supporting enterprise initiatives.

Core activities include leading complex vendor negotiations, overseeing contract renewals and remediation actions and ensuring procurement activities align with internal policies, and regulatory expectations.

The role also includes responsibility for advising and supporting business stakeholders across the organisation, acting as a trusted partner on procurement strategy, vendor selection, and commercial decision-making. The Manager will drive consistency, transparency, and efficiency across procurement processes while balancing commercial outcomes, operational needs, and risk considerations.

This is a truly global role, providing procurement and vendor management leadership to Pacific Life Re offices across multiple jurisdictions, including Australia, Singapore, Bermuda, the United Kingdom, Canada, and more. The Global Procurement Solutions (GPS) function is primarily based at Pacific Life’s headquarters in Newport Beach, California, ensuring alignment with enterprise-wide procurement policies, controls, and best practices.

The position offers significant exposure to global procurement operations, enterprise governance frameworks, and senior stakeholder engagement. It is an excellent opportunity for an experienced procurement professional to have a meaningful impact on the maturity and effectiveness of procurement and vendor management within a global organisation.
** Role Responsibilities
*** Manage the end-to-end procurement lifecycle, from sourcing and contracting through to invoicing and payment
* Lead the development, issuance and management of Requests for Proposal (RFPs) and related sourcing activities
* Draft, review, negotiate and manage vendor contracts in line with company policies and governance standards
* Manage contract renewals, extensions and terminations proactively to avoid commercial, operational or compliance risks
* Ensure contractual terms are aligned with business objectives while effectively identifying and mitigating commercial and operational risks
* Identify cost optimisation and value‑creation opportunities across the vendor portfolio, including benchmarking and renegotiation initiatives
* Partner closely with business stakeholders to understand requirements and define appropriate contractual terms and conditions
* Partner with business leads to shape sourcing strategies aligned to business priorities and long‑term objectives
* Collaborate with legal, TPRM and finance teams to ensure full compliance with internal policies, procedures and regulatory requirements
* Drive continuous improvement in procurement and vendor management processes, tools and controls, including automation where appropriate
* Support change and transformation initiatives by ensuring third‑party arrangements are fit for purpose and scalable
* Conduct regular vendor performance and governance reviews to ensure compliance with agreed service level agreements (SLAs), contractual obligations and company standards
* Escalate and manage vendor issues and disputes, working collaboratively to achieve timely and commercially sound resolutions
*…