Sourcing Manager recruitment

Responsibilities include a broad range of Supplier management activities, as well as providing subject matter expertise to the business functions who themselves own and manage the ongoing Supplier relationships.
Genworth has significant opportunity to better leverage our supplier network spends; to identify increased value or reduced cost opportunities; to improve contract development and negotiation for new suppliers and renewals.

Responsibilities:
- Manage the Sourcing team to achieve the agreed team and business deliverables with specific focus around cost savings and cost avoidance metrics.
- Develop the skills and capabilities of the Sourcing team to ensure the team and its capabilities can scale with the anticipated business growth
- Assist in the development of a supplier management Excellence Framework and standards working with the key Functional Business leaders. Help drive implementation and execution against this excellence framework and standards within each Functional group.
- Responsible for the ongoing process reengineering in the Sourcing function to continuously improve the quality, efficiency and effectiveness of the process, including review of the end-to-end process with the legal team
- Develop a balanced scorecard of performance measures and targets which meet the needs of the various stakeholders, in particular the internal Customers/Users, and track performance against these.
- Build strong relationships and best practise sharing with the US Corporate Sourcing team and other Genworth divisions..
- Identify and develop specific commodity expertise, where a particular function or business strategy requires this
- Own and drive the Sourcing strategic planning process to ensure the direction and capabilities of the team and process are completely aligned with the business strategy and business service needs
- Utilize advanced analytical skills, including financial analysis, to build solid cost/benefits/analysis and implement complex and innovative concepts.

Essential Qualifications:
- Relevant 7 – 10 years Sourcing experience, with a strong preference for experience in the Financial Services sector and/or in a high growth environment :-
? Strong leadership / management capabilities at a senior level
? Exceptional influencing, negotiating collaboration skills
- Demonstrates an understanding of and effective adaptation to varying interpersonal styles and norms across cultures (Effective management of global Sourcing team)
- Relevant and demonstrable experience in contracts development, negotiation and review, with proven skills in the achievement of a win-win solution in key negations and relationships.
- BS/BA in Business, Finance or related field
-Demonstrated effective team skills – both in working with other teams and in leading a developing team
- Demonstrable stakeholder management and influencing skills to bring new standards of Supplier management practise across the business
- Strong interpersonal, communication (verbal and written) and presentation skills
- Commercial acumen/awareness and ability to understand key business drivers

Desired Qualifications:
- Experience in Software purchasing systems such as Oracle or other ERP system, would be an advantage
- Experience in project management would be an advantage
- Second European language, in addition to excellent English
- MBA or other advanced business degree or Materials Management qualifications

About Genworth Financial
Genworth Financial, Inc. (NYSE:GNW) is a leading Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 6,000 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers.

Genworth operates through three segments: Retirement and Protection, U.S. Mortgage Insurance and International. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia.

Outside the US, Genworth focuses on Lifestyle Protection and Mortgage Insurance, working with banks, brokers, advisers and other financial institutions. By combining our International experience with local knowledge and service, Genworth Financial offers clients a unique partnership approach.

We opened our first European office in the United Kingdom in 1972. Today we have more than 700 employees in Europe with operations or business in excess of 20 countries.

Mortgage Insurance
Mortgage Insurance (MI) protects lenders and investors in the event that a mortgage borrower defaults on a loan and the proceeds of the sale of the property are insufficient to pay the outstanding debt. Our MI products enable lenders to provide the end borrower with earlier and potentially more affordable access to home ownership by allowing them to put down a lower deposit.

Lifestyle Protection Insurance
Lifestyle Protection Insurance helps consumers meet their payment obligations on outstanding financial commitments such as mortgages, personal loans or credit cards in the event of involuntary unemployment, illness, permanent disability or death. Our products provide lenders an additional source of revenue while our significant market diversification can help to reduce the risk of their loan portfolios.

For more information on Genworth, please visit: www.genworth.com