Procurement Specialist

• ▪ Support the Procurement Manager and Category Managers with sourcing activities, while independently managing and delivering own procurement projects from initiation to completion. ▪ Manage the procurement process end to end, from requisition through to delivery, including supporting payment processing through the Accounts Payable team. ▪ Carry out procurement activities for the Group across multiple spend categories, applying category management principles (technology category experience is an advantage). ▪ Lead some contract and vendor negotiations — negotiating commercial terms and cost with suppliers, and reviewing and agreeing contract terms and conditions in coordination with Legal and relevant stakeholders. ▪ Identify and deliver procurement savings — both cost avoidance and run-rate reductions — through strategic sourcing, optimisation, negotiation and the identification of alternative suppliers, and clearly evidence and report savings achieved. ▪ Generate cost savings and value-add through the management of procurement activities, working closely with stakeholders and suppliers. ▪ Support the cost take-out and optimisation strategy across the Group to achieve the target reduction in cost base, working closely with the functional teams. ▪ Manage supplier relationships and performance — including performance evaluation, supplier risk management, and supporting continuous improvement. ▪ Manage supplier due diligence, including financial due diligence and the vendor on-boarding process. ▪ Drive improvement in procurement processes across the Group through standardisation, supplier catalogues, preferred suppliers and automation, with the objective of reducing processing times without compromising internal controls. ▪ Support standardisation and the sharing of best practices across the Group entities. ▪ Ensure governance and compliance with Group policies and the Delegation of Authority. ▪ Input into Procurement Reporting - Procurement Tracker and monthly reporting capturing processing times, procurement savings and other relevant metrics. • EXPERIENCE & QUALIFICATIONS ▪ Education: Bachelor's degree in a relevant discipline. ▪ Experience: 5+ years' experience in a sourcing / procurement role. Experience within a bank or financial services company is preferred but not essential. ▪ Track record: Demonstrated track record of delivering sourcing projects and savings, evidenced across both cost avoidance and run-rate reductions. JOB-SPECIFIC SKILLS & KNOWLEDGE ▪ Knowledge of, and hands-on experience in, the end-to-end procurement and sourcing process. ▪ Proven experience in contract negotiations, with a sound working knowledge of contract terms and conditions. ▪ Proven experience in vendor negotiations, including cost and commercial negotiation. ▪ Knowledge and experience of category management is required, with the ability to manage procurement across multiple categories. ▪ Technology / IT category knowledge is a plus. ▪ Experience in operational procurement and strategic sourcing. ▪ Experience in spend analysis and in identifying, highlighting and driving optimisation initiatives. ▪ Supplier Relationship Management experience is a plus. ▪ Excellent working knowledge of Oracle Fusion ERP, especially across the procure-to-pay process, is an advantage. ▪ Strong negotiation and relationship management skills.