Job Description
This position will be responsible for procurement activities and ensure we are procuring time-to-market and economy of scale products and services required by the organization while being compliant with all regulatory and company standards
Key Responsibilities: Develop and implement procurement strategies and policies in alignment with the organization’s goals and objectives
Lead the procurement team in sourcing, selecting, and negotiating with suppliers to ensure best value for goods and services
Identify cost-saving opportunities and implement initiatives to optimize procurement processes without compromising quality or business satisfaction
Drive total cost of ownership (TCO) outcomes and delivery year-on-year productivity and efficiency, cost reduction and demand management through make or buy modeling, value engineering and digitalization or innovation
To liaise with Group Procurement team to maximize bargaining power and drive consistency
To support the implementation of Group agreements for local execution
Develop and maintain strong relationships with key suppliers to foster long-term partnerships and secure competitive pricing and preferred terms
Lead, mentor, and develop the procurement team, fostering a culture of continuous improvement, collaboration and excellence
Support and drive procurement transformation initiatives
Lead and execute Vendor Risk Framework and Solvency II for geopolitical, financial, climate, reputational, security and operational risks
Serve as the executive lead for supply crisis response, business continuity planning, and commodity volatility management
Sustainable and Inclusive Procurement: Embed the organization’s carbon-neutral and sustainability ambitions directly into the procurement strategy
Establish and monitor science-based supplier sustainability targets, decarbonization roadmaps, and responsible sourcing program
Support and establish traceable tracking to support the annual reporting complying with EU regulation
Qualifications: Minimum of 15 years of procurement with at least 5 years in a senior leadership role
Bachelor’s degree preferred; MBA or advanced degree in a procurement-related field (e.g., MCIPS, CIPS) is highly desirable
Deep experience, expertise and proven track record in procurement processes transformation and cost optimization
Working in insurance or financial industry is a plus
Experience in developing and executing category strategies
Proven track record of delivering category savings through sourcing, demand management, and policy compliance
Diplomatic, agile, resilience and excellent interpersonal skill – can work well with all levels of people
Ethical and strong integrity
Excellent analytical and problem-solving skills, with the ability to make data-driven decisions
Strong influential skills and ability to manage complex business environment and issues
Proficiency in procurement software and tools (e.g., Coupa, SAP, Oracle, Salesforce, Process Unity etc.), as well as Microsoft Office Suite
Desired Skills: Strategic thinking and ability to develop long-term procurement strategies
Experience with supplier relationship management and performance evaluation
Knowledge of risk management and compliance in procurement
Familiarity with sustainability practices and ethical sourcing in IT procurement
About AXA Hong Kong and Macau AXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 52 markets and serving 92 million customers worldwide
Our purpose is to act for human progress by protecting what matters
As one of the most diversified insurers in Hong Kong, we offer integrated solutions across Life, Health and General Insurance
We are the largest General Insurance provider and a major Health and Employee Benefits provider
Our aim is to not only be the insurer to provide comprehensive protection to our customers, but also a holistic partner to the individuals, businesses and community we serve
At the core of our service commitment is continuous product & service innovation and customer experience enrichment, which is achieved through actively listening to our customers’ needs and leveraging and investing in technology and digital transformation
We embrace our responsibility to be a driving force against climate change and a force for good to create shared value for our community
We are proud to be the first to address the importance of mental health through different products and services and thought leading iconic research
Our overall Sustainability Strategy, with emphasis on climate strategy and biodiversity commitment, is developed based on TCFD recommendations
We are committed to integrating environmental, social and governance factors across our business and strive to contribute to a sustainable future through 3 distinct roles - as an investor, an insurer and an exemplary company
AXA is an equal opportunity employer
We are committed to promoting Inclusion and Diversity (I&D) by creating a work environment where all employees are treated with dignity, respect, and where individual differences are valued
We welcome and treasure diverse profiles to join our big family, and to build an inclusive culture together which allows everyone to maximise their personal potential
Our people strategies are designed to enhance employee well-being and professional growth, ultimately empowering them to excel within the company
Click here to learn more about our Benefits (https://www.axa.com.hk/en/benefits), Culture (https://www.axa.com.hk/en/culture-and-values), & Career Development (https://www.axa.com.hk/en/career-development).