Procurement and Contract Negotiation Expert

2 days ago


Kuala Lumpur, Kuala Lumpur, Malaysia Prudential Hong Kong Limited Full time

Prudential Hong Kong Limited is seeking a Procurement and Contract Negotiation Expert to join our team. The successful candidate will be responsible for negotiating contracts with technology vendors to secure favorable terms, including pricing, services levels (SLAs), governance, and compliance requirements.

Job Description:

The Procurement and Contract Negotiation Expert will work closely with cross-functional teams to develop and implement strategies to drive long-term value from our vendor partnerships. They will also lead the process of selecting technology vendors through rigorous evaluation and due diligence.

Key Responsibilities:

  1. Contract Negotiation and Management: Negotiate contracts to secure favorable terms, including pricing, services levels (SLAs), governance, and compliance requirements, with a focus on maximizing value and minimizing risk.
  2. Vendor Selection and Onboarding: Lead the process of selecting technology vendors through rigorous evaluation and due diligence. Oversee the onboarding process to ensure smooth integration of vendor services or products.
  3. Performance and Relationship Management: Regularly monitor and manage vendor performance against contracted service levels and KPIs; escalate issues to senior management/relationship owners in a timely fashion. Conduct regular performance and service reviews and provide feedback to vendors.

Requirements:

  • Over 5 years of experience in vendor management, procurement, or related field.
  • Expertise in contract negotiation and management.
  • Proven track record in effective strategic partnerships with technology vendors and suppliers.
  • Proficient in risk management and compliance oversight.
  • Ability to communicate effectively with a wide range of stakeholders, including senior management, vendors, and business partners.


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