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Pension Insurance Corporation plc
Pension Insurance Corporation plc
201 – 500 Employees
FinanceInsurance
Pension Insurance Corporation plc is a UK insurance and financial services company focused on securing retirement incomes for members of defined benefit pension schemes. It provides tailored pension insurance solutions, including buy-ins and buyouts, supported by expertise in risk management and asset and liability management. The company serves pension schemes sponsored by FTSE 100 businesses, multinational companies and public sector organisations, and its work is overseen by the Prudential Regulation Authority and the Financial Conduct Authority. For prospective employees, the organisation offers a professional setting centred on pensions, insurance, investments and long-term financial security.
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Sourcing and Supplier Relationship Manager

Lead procurement sourcing, supplier relationships, and cost efficiency at Pension Insurance Corporation. Oversee third-party risk and supplier lifecycle processes in a regulated financial services environment.

GBUnited KingdomHybridFull-timeMiddleSeniorEnglish RequiredAccount ManagerSales

Description

  • Shape sourcing strategies and improve procurement efficiency through tenders, contract negotiations, and favourable pricing, quality, and delivery terms.
  • Interpret data and work with internal and external partners to recommend improvements to systems, processes, and technology.
  • Manage sourcing strategies and supplier relationships to procure goods and services on time and cost-effectively.
  • Own relationships with third-party providers and suppliers.
  • Apply sound controls and processes across the full third-party and supplier relationship lifecycle.
  • Work with PIC teams and functions on each stage of the third-party and supplier lifecycle, from due diligence and selection to onboarding, renewal, or exit.
  • Identify, mitigate, and manage supplier risks in line with applicable laws, regulations, and internal policies.

Requirements

  • Understand the FCA and PRA regulatory framework and its application to the company.
  • Bring strong expertise in strategic sourcing, supplier management, and third-party selection across IT and Investments.
  • Demonstrate commercial negotiation skills that deliver cost efficiencies, economies of scale, and greater supplier value.
  • Have substantial category management experience, using spend analysis and market insight to shape effective category strategies.
  • Show a track record of improving supplier performance.
  • Understand supply chain resilience and ESG considerations.
  • Use data to inform decisions.
  • Demonstrate the ability to encourage innovation and collaboration across the supply chain.
  • Be proficient with procurement and strategic sourcing systems and tools.
  • Hold a relevant procurement or supply chain qualification, or have equivalent professional experience.
  • Bring strong project, organisational, and self-management skills, with the ability to prioritise and meet deadlines consistently.
  • Communicate, negotiate, and influence effectively, building support and positive outcomes with a range of stakeholders.
  • Apply sound commercial judgement and business awareness to decisions and problem-solving.
  • Analyse information, identify insights, and make well-informed decisions.
  • Work effectively within established policies, procedures, and functional frameworks while remaining accountable for delivery.
  • Have strong digital skills, including working knowledge of MS Access, PowerPoint, and Word, and effective use of AI tools.

Benefits

  • Competitive base salary.
  • Eligibility to participate in an annual performance-related bonus plan.
  • Private medical insurance.
  • 28 days of annual leave, excluding bank holidays.
  • Generous pension scheme.
  • Travel insurance.
  • Critical illness insurance.
  • Life assurance.
  • Income protection.
  • Additional benefits.

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