Procurement Manager

3 weeks ago

Centurion, South Africa Momentum Insure Company Limited Full time

**Introduction**

**Disclaimer**
- As an applicant, please verify the legitimacy of this job advert on our company career page.

**Role Purpose**
- Manage and oversee the daily operations of the claims procurement department by ensuring the efficient execution and monitoring of all claims procurement-related tactical initiatives, processes, procedures and systems. Develop procurement strategies, optimizing service provider relationships and ensure compliance with Momentum Insure policies and regulatory requirements.

**Requirements**:

- A minimum of Matric or Grade 12 qualification
- Bachelor's Degree or relevant qualification is preferable
- Minimum of 5yrs Short Term Insurance experience
- Minimum of 5years Short Term Insurance Claims and Claims Procurement.
- Minimum of 5yrs experience in management experience
- Understanding South African Building Regulations and Standards
- Intermediate to expert level understanding of CodePlex and software procurement trends
- 5yrs+ Experience in managing the end-to-end procurement process.
- 5yrs+ Experience in non-motor procurement (advantageous)
- Advanced experience in Microsoft Suit
- Knowledge of the legislative impact on the insurance and financial services industry
- Knowledge of the procurement claims value chain

**Duties & Responsibilities**
- Managing the claims procurement specialist team [high-level of productivity & performance, including performance management]
- Hold monthly one-on-one meetings to discuss any performance & development topics with employees and conduct monthly employee audits to confirm if Business Score Card objectives are achieved
- Support and align department to all Momentum Insure strategic objectives, such as developing supplier and assessment strategies related to cost containment, supplier management and superior customer experience.
- Partner with Momentum Insure’s internal stakeholders [Actuarial, Underwriting, Legal, Claims, Sales, and Servicing] to understand business needs.
- Ensure that procurement policy and guidelines, support the needs of Momentum Insure, and best practice & code of ethics is applied and delivered.
- Assist with complaints received via the Service Provider Conduct escalation process.
- Audit claims to ensure that the most appropriate recommendations are shared with the relevant stakeholders
- Assess and report on potentially fraudulent claims.
- Identify innovative opportunities to improve efficiencies, client experience and claims costs
- Manage service provider relationships and performance
- Present procurement initiatives to the relevant internal Steering Committees
- Manage the Broad-Based Black Economic Empowerment (BBBEE) initiatives and legislative requirements
- Monthly Reporting to relevant Committees and/ or Forums
- Manage Enterprise and Supplier Development initiatives and legislative requirements
- Engage with stakeholders to understand business needs, ensure that procurement policy and guidelines support the needs of Momentum Insure, and that best practice & code of ethics is applied and delivered.
- Support the Head of Procurement in the delivery of procurement strategies relating to all spend areas as well as assisting in complex negotiations that will optimize the overall commercial position of Momentum Insure
- Manage the end-to-end procurement process (including CRM) for key contracts in collaboration with key business areas i.e. claims operations, investigations and legal
- Ensure processes and procedures related to supplier and team management are fully documented and followed.
- Work closely with Momentum Group procurement team to manage B-BBEE in line with Momentum Group transformation strategy & targets.
- Deliver competitive advantage through cost savings relating to average cost of claim, CodePlex implementation and supplier management.

**Competencies**
- Communication skills - verbal and written
- Problem-solving skills
- Planning and organizing skills
- Interpersonal skills
- Business acumen
- Influencer [building relationships]
- Teamwork
- Detail orientated
- Accountability
- Ability to analyse and manage contracts at all levels.
- Negotiating skills/solution driver
- Ability to handle/manage stress
- Conflict Management
- Leadership and Management skills

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