Assistant Procurement Manager

Position OverviewWe are seeking an experienced Assistant Procurement Manager with a strong background in the Insurance Industry to join our procurement team in Riyadh. In this role, you will take full ownership of the end-to-end procurement lifecycle—from strategic vendor sourcing and purchasing to supplier qualification and performance management. You will operate with high autonomy, working individually to establish robust vendor relationships, manage insurance-specific vendor registrations, and drive cost-effective sourcing strategies aligned with local market dynamics and regulatory standards in Saudi Arabia.Key ResponsibilitiesFull-Cycle Purchasing & SourcingExecute the complete purchasing lifecycle, including requisition review, Request for Proposal/Quote (RFP/RFQ) management, negotiation, purchase order issuance, and contract administration.Identify, evaluate, and onboard strategic vendors and service providers tailored to insurance and corporate requirements (e.g., loss adjusters, medical networks, IT infrastructure, legal counsel, and third-party administrators).Conduct commercial negotiations on pricing, payment terms, SLAs, and contract conditions to secure optimal value without compromising quality.Vendor Management, Qualification & RegistrationDirect the end-to-end vendor onboarding process, including registration, pre-qualification, financial screening, and compliance verification.Establish and maintain a comprehensive database of qualified vendors, ensuring all commercial registrations (CR), certifications, and licenses remain up to date.Implement vendor performance evaluation frameworks (KPIs/SLAs) and conduct periodic reviews to ensure continuous service quality and compliance.Insurance & Saudi Compliance AlignmentLeverage domain knowledge of insurance operations to align procurement practices with local regulatory standards (including SAMA / Insurance Authority guidelines where applicable).Assess third-party vendor risks, ensuring data privacy, information security, and financial stability standards are met.Coordinate with internal risk, compliance, and legal teams to draft, review, and finalize vendor agreements.Autonomous Operations & Stakeholder EngagementWork independently to manage daily procurement operations with minimal supervision, taking initiative on complex sourcing tasks.Collaborate with internal business units across the organization to understand procurement needs, define specifications, and manage expectations.Track procurement metrics, maintain accurate records, and generate regular spend and sourcing analysis reports for senior management.Key Qualifications & RequirementsEducation: Bachelor’s degree in business administration, Supply Chain Management, Finance, Insurance, or a related field.Experience: 5–8 years of progressive procurement/sourcing experience, with direct experience within the Insurance or Financial Services industry in Saudi Arabia / GCC strongly preferred.Sourcing Skills: Proven track record in full-cycle purchasing, vendor qualification, price negotiation, and contract management.Regulatory Knowledge: Familiarity with insurance-related vendor landscapes, commercial registration requirements, and local financial compliance standards in KSA.Autonomy: Strong ability to work individually, prioritize tasks, and manage end-to-end procurement projects independently.Technical Proficiency: Experience with ERP/Procurement software (e.g., SAP, Oracle, Coupa) and proficiency in MS Office (Excel, Word, PowerPoint).Communication & Negotiation: Exceptional interpersonal and negotiation skills in English (Arabic fluency is a strong advantage).