Head of Procurement

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).