Sourcing Manager, Technology at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, TechnologyIndustries

Requirements

Significant experience in strategic sourcing or category management, with a strong focus on technology procurement
Exceptional negotiation and contract management skills with proven success in negotiating complex IT contracts
Deep understanding of the technology market and key vendors, including hardware, software (SaaS, IaaS, PaaS), cloud services (AWS, Azure), and telecommunications
Strong analytical abilities with the capacity to interpret complex spend data, market trends, and financial information
Excellent communication, presentation, and interpersonal skills, with the ability to influence and build consensus with internal and external stakeholders at all levels
Proficiency with procurement tools (e.g., Ariba)
Proven ability to work independently with minimal supervision and manage multiple projects in a fast-paced, dynamic environment
Strong team player with a collaborative mindset and the ability to effectively partner with cross-functional teams

Responsibilities

Implement and manage comprehensive strategic sourcing and category management strategies for all technology and IT spend
Lead the end-to-end sourcing process, including market research, RFPs, supplier evaluation, and complex contract negotiations encompassing both business and pricing terms
Prepare and draft contract-related documents, including SOWs, LOAs, and RFPs
Negotiate favorable commercial terms, pricing, and SLAs with a diverse range of technology vendors
Lead cross-functional sourcing project teams to define IT requirements, gain consensus on supplier selections, and ensure contracting is completed by required business deadlines
Identify and drive cost-saving opportunities through spend consolidation, supplier rationalization, demand management, and process improvements
Monitor KPIs to measure the health of managed spend categories and assess supplier performance
Champion procurement best practices and identify opportunities for continuous improvement within the sourcing process
Lead the sourcing and supplier management strategy for the CIO organization and technology-focused business areas, including end-to-end procurement of hardware, software applications, data center assets, and employee technology, both through direct purchasing and reseller channels
Cultivate strong, strategic relationships with major technology vendors while implementing innovative solutions like global punch-out catalogs to drive efficiency and cost optimization

Skills

Strategic Sourcing

Category Management

RFP

Contract Negotiation

SOW

LOA

Supplier Management

Vendor Management

Market Research

SLAs

Procurement

IT Sourcing

Cross-functional Leadership

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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