Tech Procurement, Principal

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Tech Procurement, Principal

Apply locations Kuala Lumpur, MY-AIA Malaysia time type Full time posted on Posted 2 Days Ago job requisition id JR-56688

FIND YOUR 'BETTER' AT AIA

We don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us.

We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.

If you believe in better, we’d love to hear from you.

About the Role

We are seeking an experienced IT Procurement / Sourcing Expert to provide ethical and professional procurement processes to protect the interest of the organization in dealing with third party service providers & ensure that all technology goods/services procured are in accordance with being client focused, bring value for money, cost controlled and comply with the AIA's policy, standards & procedures.

Roles and Responsibilities:

1. Strategic Planning and Execution
   • Develop and implement comprehensive technology procurement strategies aligned with the organization's overall business goals to drive efficiency and support strategic growth.
   • Understand and incorporate industry best practices in technology sourcing to enhance the procurement process and strategy, ensuring the organization stays competitive and innovative.
2. Sourcing Management & Negotiation
   • Evaluate and select vendors through structured RFP processes, ensuring fair and data-driven decision-making to secure the best partners for the organization.
   • Assess vendor capabilities, including organizational structure, financial stability, and historical performance, to ensure reliable, cost-effective, and high-quality service delivery.
   • Ensure the costs provided by vendors are competitive by conducting market analysis and benchmarking to maximize value for the organization.
   • Oversee and lead contract negotiation strategies for the most complex and strategic purchasing categories to secure favorable terms and conditions to safeguard the organization’s interests.
   • Ensure all sourcing processes comply with organizational standards and uphold the highest ethical standards to maintain integrity and trust.
3. Data Analysis and Reporting
   • Collect, analyze, and aggregate critical contract information to support service owners and key stakeholders on vendor engagement, cost-effectiveness, and risk assessment to drive informed decisions.
   • Utilize procurement data analytics to track and report key functional metrics, reducing expenses and improving effectiveness to enhance operational efficiency.
4. Process Improvement
   • Enhance technology sourcing and procurement processes, leveraging deep industry knowledge to improve organizational capabilities, driving innovation and performance.
   • Implement technology procurement frameworks and processes, including end-to-end contracting strategies and supplier performance management to ensure structured and effective procurement operations.
5. Collaboration and Professional Development
   • Work collaboratively with other procurement professionals within the organization, sharing knowledge and best practices to build a cohesive and skilled procurement team.
   • Stay informed about industry trends and advancements to continuously enhance procurement capabilities, ensuring the organization remains competitive and forward-thinking.

Minimum Job Requirements:

• Bachelor's degree, preferably in IT/Computer Science, Engineering, Materials Management, or a related discipline.
• Minimum of 10 years of experience in tech sales, procurement, or commercial vendor management (contracts, asset management, procurement). Knowledge of the financial services or insurance industry is preferred.
• Proven experience and track record of successful deal shaping (i.e., sourcing and contract negotiation) with external suppliers/service providers.
• Hands-on experience working with local tech vendors (must-have) or global technology vendors (optional).
• Ability to manage vendor relationships, assess proposals, and challenge vendors on pricing, solutions, and contract terms.
• Strong understanding of IT organizations, IT delivery models, and technology drivers. Familiarity with forward-looking technology areas such as Generative AI, Analytics, and OCR is an added advantage.
• Ability to identify IT sourcing cost reduction models, including new cloud-based models.
• Strong analytical and strategic thinking capabilities.
• Excellent communication skills, able to explain complex industry concepts in non-technical terms.
• Effective stakeholder management – builds relationships and collaborates effectively.

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.

BELIEVE IN BETTER

At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone. It's about finding new ways to not only better people's lives, but to better the communities and environments we live in.

As the largest listed company on the Hong Kong Stock Exchange, we’ve been proudly making a difference for people and communities across Asia for over a century. And we build on this every day with our ambition to engage one billion people to live Healthier, Longer, Better Lives by 2030.

If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way.
Inspiring and supporting you to thrive - not just at work, but in life.