Sourcing Performance Analyst

Job Summary by the Career Balance Team:

Vitality, a UK insurance brand, is seeking a Sourcing Performance Analyst to work in their Bournemouth office for two days a week. The role involves working closely with the Sourcing Director to deliver strategic targets, monitor and drive performance, and lead sourcing projects. Essential skills for the role include experience in a sourcing environment, data analysis capabilities, critical thinking, organization skills, and proficiency in desktop applications. Vitality offers a range of benefits including bonus schemes, a pension, health insurance, and life assurance. The company is committed to diversity, inclusion, and sustainability.

Job Description:About The Role
Team – Sourcing
Working Pattern – Hybrid – 2 days per week in the Vitality Bournemouth Office. Full time, 35 hours per week. 

Top 3 skills needed for this role:

• You will be fascinated by Data 
• Always seeking continuous improvement 
• Prior experience and knowledge of a Procurement environment

What this role is all about:
As part of the Sourcing team, the Sourcing Performance Analyst will ensure the continual delivery of the Sourcing team’s ambitions. You will work closely with the Sourcing Director to deliver the departments strategic targets; measure, monitor and drive performance; and lead on specialist sourcing projects.

Key Actions
Strategy

• Work closely with the Sourcing Director to assist on the delivery of key strategic projects for the Sourcing department. You will liaise with key business functions such as Risk and Audit
• Lead on our Sustainability workstream, as we work towards our goal of a carbon neutral supply chain
• Fronting on the Sourcing team’s strategy and governance framework, through organisation of key committees and forums, and driving the actions and results from those

Performance

• Manage the performance targets of the Sourcing team, through the regular measurement of performance against set objectives.
• Utilisation of data to monitor these targets to understand current performance and trends.
• Driving forward continuous enhancements and improvements to demand increased performance.

Sourcing

• Identify and deliver value through spend reduction opportunities, supplier consolidation and value adding activities.
• Utilise existing knowledge and conduct market research to identify potential suppliers. Define the preferred sourcing solution and manage any competitive (RFI/RFP) exercises to meet business and commercial requirements. You can negotiate the best deals possible with short-listed suppliers to achieve the best value for Vitality.

Supplier Management

• Supporting Supplier Management best practice across the organisation through management of our supplier management framework to ultimately seek further value from our third party engagements.

Essential Skills needed to fulfil this role:

• Have a proven track record in a sourcing environment, delivering key projects for stakeholders

• Be fascinated by data, and importantly be able to interrogate data to produce results and enhanced performance
• Be adept at critical thinking, to consistently seek continuous improvement from yourself and others
• Exceptionally well organised, being capable of effectively managing workload and prioritising demand of a whole department in order to meet and exceed stakeholder expectations
• Possess an exceptional level of proficiency of desktop applications including Excel, Word and Powerpoint
• Be adept at thinking logically and analytically, with the ability to effectively understand, summarise, and make recommendations on complex subjects
• Be able to communicate, influence, and network with stakeholders at all levels, both internally and externally
• You will possess a great attention to detail and a strong desire to seek ways to deliver continuous improvement
• Confidence to question choices made by others including senior stakeholders
• Show a broad understanding of contract drafting, service definition, performance and commercial structures
• Show a strong understanding of supplier management, including analysis to mitigate risk through contingency planning, and driving initiatives to seek greater performance

So, what’s in it for you?

• Bonus Schemes – A bonus that regularly rewards you for your performance
• A pension of up to 12%– We will match your contributions up to 6% of your salary
• Our award-winning Vitality health insurance – With its own set of rewards and benefits
• Life Assurance – Four times annual salary

These are just some of the many perks that we offer! To view the extensive range of benefits we offer, please visit our careers page. Fantastic Benefits. Exciting rewards. Great career opportunities!

Who We Are
At Vitality, everything we do is driven by our core purpose. To make people healthier and to enhance and protect their lives through our market-leading health and life insurance and the Vitality Programme. We empower our members to take control of their wellness and develop long-term healthy habits.
Diversity & Inclusion
We’re committed to diversity and inclusion because it’s good for our employees, for our business, and for society. To learn more please visit our Careers page.
Vitality’s approach to sustainability
Vitality is a business that drives positive change. We reward people for making and sustaining healthier choices. But healthy people also need a healthy environment. To learn more please visit our Careers page.

About The Company
Vitality is a multi award-winning UK insurance brand, here to make the world a healthier, happier place.
Apart from offering some of the best cover out there, we help people take control of their health. We also help them get healthier, by giving them great rewards when they do healthy things.
As a brand with a challenger mindset, anyone who can show us a better way to do things is someone we want to work with. So when you join us, expect a positive environment and plenty of opportunities to grow your career. You’ll also have some brilliant teammates to support you and a dynamic work schedule to build your skills.
 
We do reserve the right to close this advertisement early if we receive a high volume of suitable applications. If you are interested, please submit your application as soon as possible.Location: South West, Bournemouth