
Procurement Specialist
2 weeks ago
Job Description:
- 5-7 years of relevant experience
- The role interacts with stakeholders in Procurement as well as within the business.
- Develops strategic sourcing strategies for the given category/contract
- Plans, leads and oversees tenders and negotiations
- Creates and implements Procurement initiatives/strategies which improve quality of service and supply and produce significant cost savings across business units
- Knows and utilises complex business processes including risk/regulatory/compliance requirements
- There is an expectation to work closely in partnership with all stakeholders to support Procurement objectives and to maximise value, whilst reducing risk to the firm. The role holder will need to have sourcing deal execution expertise support to manage and deliver commercial negotiations with third parties, liaise with users across to ensure favorable outcomes.
Main duties and responsibilities
- Run a range of sourcing projects in line with procedures whilst driving commercial value and speed of execution
- Build strategic relationships with a network of stakeholders to understand business requirements and build into a sourcing plan
- Negotiate supplier contracts effectively maintaining leverage and outcomes including consolidation into other agreements or divestment arrangements
- Run competitive events such as RFPs for projects of varying value and complexity
- Work with legal, subject matter experts and project teams to coordinate all aspects of the deal and deliver the required outcomes
Competencies/experience:
- Indirect category sourcing experience
- Business acumen with demonstrated success in delivering a multi-year strategy ensuring competitive commercial advantage
- Demonstrated ability to forge close business relationships with internal and external stakeholders at all management levels
- Skilled procurement negotiator adept at leading negotiations with both external and internal stakeholders
- Good understanding of market drivers effecting category; strong commitment to keeping abreast of trends
- Finely honed project and change management skills
- In depth understanding of latest tools for executing sourcing strategies
- Experience managing the delivery of large projects and with end-to-end service / operations management
- Strong analytical, written and verbal communication skills
Financial services an advantage
- Strong adherence to risk and controls requirements and processes
- High degree of structure and organisation to coordinate multiple workstreams and projects
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