Sourcing Specialist, Intermediate
Aegon is an international financial service holding company headquartered in The Hague, the Netherlands. Our ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Our purpose is to help people live their best lives, which goal runs through all of our activities. The company has multiple locations across the globe, with core markets in the UK and the US, partnerships in Spain & Portugal, Brazil, and China and an Asset Management organization with locations in UK, US, NL and Hungary. In the Netherlands, Aegon generates value via a strategic shareholding in a market leading insurance and pensions company.
Aegon Global Business Solutions Center is supporting these businesses with IT, Finance, Risk, Model Validation, Actuarial, Audit and Asset management services with a growing team of approx. 300 people, based in Budapest, Hungary.
Global Technology Services (GTS) is Aegon's global IT partner that provides infrastructure services, information security and global/corporate application support for Aegon's businesses around the world.
Primary Purpose
Partners within the Procurement team and with stakeholders across company to provide end to end category procurement, commodity sourcing and, where needed, vendor management support.
Activities include gathering business requirements, financial details, performing market assessments, determining contract vehicles, developing and executing a sourcing and negotiation strategies, commercial negotiations, contract drafting, vendor selection and onboarding.
Assists with developing, optimizing and managing effective processes, workflows, data models, and data quality directly related to sourcing and procurement.
Key Duties and Responsibilities:
- Executes category, commodity or vendor specific sourcing strategies for medium complexity transactions.
- Negotiates governing agreements, order forms, Statements of Work, NDAs and similar contractual documents.
- Works extensively in Ariba for vendor and contract lifecycle management activities.
- Review and interpret contract documents to determine existence and applicability of a current contract.
- Assists and/or creates and administers request for proposals (RFPs).
- Assists with benchmarking to ensure proposed vendor solutions are competitive to the market.
- Performs market research to understand and document competitive vendor landscape and service capabilities.
- Escalates issues as needed to senior staff and, if needed, Management.
- Participates on local or global cross-functional teams to assist with analyzing spend trends using data derived from available (spend) data, with the evaluation of sourcing opportunities, with pre-award and post-award procurement activities, such as volume reporting and evaluation of RFP responses, and with reporting and analysis used to develop and implement the selected vendor.
- Establishes and maintains relationships with suppliers, peers, stakeholders, and matrixed partners such as Legal, Third-Party Risk and Finance.
- Conforms with and abides by all regulations, policies, work procedures, instruction, and all safety rules.
Required Qualifications:
- Bachelor's degree in business administration, operations management, or other directly applicable field or equivalent education/experience.
- At least 2-3 years of experience in (category) procurement, (strategic) sourcing and contract management; preferably experienced with IT categories.
- Experience with the Vendor selection and negotiation process.
- Exceptional written, interpersonal and verbal communication skills.
- Ability to work effectively and create relationships across all levels of the organization and external parties.
- Ability to work with teams across geographically dispersed locations.
- Some experience with managing ambiguous situations and drive towards clarification.
- Proven analytical and problem-solving skills, with a keen attention to detail.
- Ability to succeed under pressure, set priorities, and meet deadlines in a rapid-paced environment.
- Self-motivated with a positive attitude.
- Proven ability to participate in multiple projects and support activities within a single job function.
Preferred Qualifications:
- Experience in a shared service environment.
- Experience working with various electronic procurement tools.
What we offer:
- Competitive salary
- Comprehensive health package
- Brand new office at an excellent location
- Hybrid working
- Opportunities for growth and advancement
- A highly people centric, positive and supportive work environment
AGT Hungary IT Services LLC (HUN entity)