Sourcing Manager

Bournemouth, Dorset
LV=
About The Role

We are pleased to announce an exciting opportunity for an experienced Sourcing Manager to join our established, supportive team here at LV=.

As a leading UK life and pensions mutual insurer with a proud history dating back to 1843, we exist to help people live financially confident lives – protecting their income while they work and maximising it when they stop. Today, over one million members and customers trust us to look after their futures, families and finances. Joining us means becoming part of a team that puts our members, customers and advisers at the heart of everything we do. We’re committed to creating an inclusive culture where colleagues can thrive.

We are proud to have built a workplace where our colleagues feel welcomed, respected, supported and valued – reflected in our recognition as one of the Financial Times UK’s Best Employers in 2025 and 2026. We celebrate individuality and believe our differences make us stronger, so bring your true self and help shape the future of LV=.

You’ll play a key role in shaping our supplier landscape and delivering measurable commercial and strategic value. This is a high impact role within our Sourcing team, leading sourcing activity across key spend categories in a regulated financial services environment. You’ll act as a trusted business partner, driving robust category strategies, leading end-to-end procurement activity and ensuring that supplier arrangements can support business objectives, manage risk, and enable sustainable growth.

Key Responsibilities

• Build strong relationships with stakeholders to understand and support their objectives, identify any issues and proactively work to strategise and make improvements where possible.
• Competently lead complex or high value sourcing initiatives across multiple internal stakeholders.
• Develop and deliver Category Plans aligned to business objectives, focusing on cost reduction, risk mitigation, and sustainability.
• Lead end to end sourcing activity, including RFx development, supplier engagement, evaluation, negotiation and award recommendations.
• Analyse pricing and total cost of ownership and leading on commercial negotiations with suppliers.
• Draft and negotiate robust commercial terms and contracts, working closely with Legal and Risk colleagues, with a good understanding of contract law.
• Ensure that sourcing activity complies with internal governance, policy and regulatory requirements.
• Support supplier risk assessments and due diligence, acting as the main supplier contact.
• Maintain accurate sourcing and contract records.
• Collaborate with Supply Chain Risk & Operations to support auditability and effective use of systems.
• Ensure a smooth handover of new suppliers to the Supplier Management team.

About You

Our ideal candidate will

• Be a forward-thinking, positive individual with a can do attitude, a drive to develop within the role and a problem solving mindset.
• Possess excellent organisation skills, with the ability to manage concurrent sourcing projects.
• Previous experience of running competitive sourcing processes effectively.
• Demonstrate proven experience in sourcing, procurement or category management, ideally within a regulated environment.
• Possess strong influential and interpersonal skills, with the ability to provide accurate information, ensuring that customers have all relevant information to make the right decisions for them.
• Demonstrate strong stakeholder management skills.
• Understand end to end sourcing processes, including RFx, negotiation and contracting.
• Possess excellent commercial and analytical skills, with a strong grasp of cost drivers and commercial models.
• Showcase robust organisational skills, with the ability to manage multiple priorities and projects.
• Have working knowledge of procurement governance, policies and third party risk considerations.
• Be able to use procurement or contract lifecycle tools and Microsoft Office programmes.
• Ideally have some knowledge of UK financial services regulatory expectations (e.g. FCA/PRA outsourcing rules, SS2/21).

Desirable

• Have gained CIPS or other relevant procurement qualification.
• Have experience of a category led procurement model.
• Understand ESG and responsible sourcing practices, with IT sourcing experience.

Rewards and Benefits

This role is a Band C in the LV= Structure.

At LV= Savings and Retirement, you’ll go above and beyond to do the right thing for our customers. We’ll reward your hard work with an attractive, competitive salary and benefits package, which includes:

• 30 days’ holiday, with the option to buy up to 5 additional days.
• Competitive pension scheme – LV= Life and Pensions will double match the amount you pay, up to 14% (subject to National Minimum Wage requirements).
• An annual bonus scheme based on personal performance.
• Single cover private medical insurance (with the option for you to upgrade to family cover).
• Flexible benefits, including a cycle to work scheme, personal accident insurance, critical illness cover and dental insurance.
• Up to 20% discount on our life products for you and your immediate family.
• A group life assurance policy with 4 x your basic pay to go to your dependents (you’ll have the option to increase to 8 x cover).
• Group Income Protection (if you become a member of the Pension scheme and reach 5 years of service).
• Access to our Employee Assistance Programme (EAP) for support when you need it.
• A virtual GP service.
• Shared parental leave.
• Up to 20% discount on our life products for you and your immediate family.

Please note all salary sacrifice benefits are subject to National Minimum Wage requirements i.e. you are unable to select any benefits that would reduce your base pay below the minimum wage threshold.

We are unable to offer Skilled Worker Visa Sponsorship for this role. Therefore, you must ensure that you are eligible to work in the UK without our sponsorship for your application to be considered.

About Us

We’re proud of our inclusive culture at LV= and, as an equal opportunity employer, we continually work to remove unconscious bias from our recruitment process. We value our colleagues for what they bring to our team regardless of any protected status or characteristics they may have. Talk to us about flexible working as part of your application; if it’s right for you, our members and customers, and our business, then we’ll do everything we can to make it happen.