Procurement & Outsourcing, S2

Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

The merger of Aviva Singapore and Singlife was announced in September 2020 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. It was the largest insurance deal in Singapore at the time. Singlife was subsequently acquired by Sumitomo Life in March 2024, one of Japan’s leading life insurers, which valued Singlife at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.

Key Responsibilities

· Manage procurement and third-party engagements in accordance with P&O Guidance, governance framework and regulatory requirements.

· Support procurement and sourcing activities, including RFQs/RFPs, vendor evaluation, supplier screening and onboarding.

· Analyze spending of related categories/key spending and identify opportunities for cost savings, process improvements and value creation.

· Utilize Oracle Fusion to facilitate procurement processes including punch-out catalogue, supplier creation, purchase requisition, purchase order and goods receipt.

· Partner with stakeholders to understand business needs and provide procurement guidance and support, ensure that the business operates within the framework and with appropriate governance and oversight.

· Prepare reports, management information, and documentation for audits, committees, and regulatory reviews, where required.

· Support continuous improvement initiatives within P&O.

· Operate as part of a team to achieve departmental objectives.

· Ensure compliance with all applicable laws and regulations relating to the above functional activities.

Requirements

Experience & Attributes

· 4-6 years of experience in procurement, vendor management, or related functions.

· Knowledge of relevant regulatory, third-party risk management and business requirements.

· Knowledge of commercial strategic options and best practice category management techniques.

· Ability to communicate well with stakeholders from diverse backgrounds, from senior management to junior colleagues across the Company.

· Ability to think critically and work independently, and strong use of personal initiative and organizational skills.

· Ability to track and follow-up on status of updates and work closely with relevant stakeholders.

Education

· Academic: Diploma or Degree.

· Relevant business qualifications are desirable. CIPS or other procurement certifications would be advantageous.

Key Stakeholders

External:

· Others: Vendors/Service Providers.

Internal:

· Stakeholders of various departments.

· Other subsidiaries, where applicable.