Senior Specialist - Vendor Management and Contracts

مصرف الإمارات العربية المتحدة المركزي; Abu Dhabi; On-site; AED 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a skilled Procurement Manager to oversee contract management and vendor relations. This role involves negotiating terms, ensuring compliance with policies, and optimizing procurement processes. You will collaborate with cross-functional teams to enhance operational efficiency, manage vendor performance, and implement best practices. If you possess strong analytical and negotiation skills and have a passion for procurement, this opportunity offers a chance to make a significant impact in a dynamic environment.

Qualifications

• Master/Bachelor’s Degree in Procurement, Supply Chain Management, or Law.
• 4-6 years of experience in Procurement roles.

Responsibilities

• Manage contracts and service level agreements, ensuring compliance.
• Evaluate and onboard vendors, maintaining performance metrics.

Skills

Contract Management

Vendor Management

Negotiation Skills

Compliance Management

Analytical Skills

Communication Skills

Education

Master's Degree in Procurement

Bachelor's Degree in Business Administration

Tools

Vendor Management Software

Contract Management Tools

Job description

Job Purpose:

The role holder is responsible for managing contracts related to Procurement and purchases made as a part of legal documentation of work relationships with customers, vendors, or even partners. It comprises negotiating the terms and conditions of contracts. It also includes certifying compliance with the terms and conditions and documenting and agreeing on any changes by both parties. Delivering the day-to-day operational activity of the Procurement strategy to ensure the department achieves its mission, goals and objectives, specifically in General Procurement, Vendor Management and Contracts Management, through following processes and procedures for optimal efficiency and accuracy in delivering to the current and future procurement needs of Central Bank UAE. The role holder is also responsible for overseeing vendors to ensure compliance with CBUAE policies, selecting and onboarding suitable domestic and international vendors, monitoring the supplier risks of data security, legal jurisdiction, and compliance with CBUAE policy requirements.

The role holder will also conduct regular vendor evaluations and grade on a periodic basis and assess their performance against the desired level of expectation.

Core Responsibilities

1. Contract Lifecycle Management

• Draft, review, negotiate, and manage contracts and service level agreements (SLAs).
• Ensure all contracts comply with company policies, legal regulations, and risk management standards.
• Monitor contract expiration dates and facilitate timely renewals, terminations, or renegotiations.

2. Vendor Management

• Evaluate, select, and onboard vendors in line with procurement policies.
• Maintain a comprehensive vendor database including performance metrics, contact info, and contract terms.
• Act as the primary point of contact for vendor communication and issue resolution.

3. Compliance and Risk Management

• Ensure vendor compliance with contractual obligations and regulatory requirements.
• Identify and mitigate potential risks in vendor relationships and contractual arrangements.

4. Performance Monitoring and Reporting

• Monitor vendor performance against KPIs and SLAs.
• Conduct periodic vendor reviews and performance evaluations.
• Prepare reports and dashboards for internal stakeholders regarding contract and vendor performance.

5. Cross-Functional Collaboration

• Work closely with legal, procurement, finance, and operational teams to support business needs.
• Facilitate internal alignment on contract requirements, deliverables, and vendor expectations.

6. Process Improvement

• Develop and implement best practices, tools, and templates for contract and vendor management.
• Support the automation and digitalization of contract and vendor management processes.

7. Budget and Cost Control

• Support budget planning and cost optimization through vendor negotiations and contract analysis.
• Track spending against contracts and identify opportunities for cost savings

Perform any other duties outside the scope as and when required.

Self-Management Responsibilities

• Defines performance goals at the start of the year in discussion with the reporting manager and ensures that the goals are achieved during the course of the year
• Identifies the training and development requirements for self and agrees on them with the reporting manager to ensure that the required trainings are arranged and attended
• Strives to achieve the highest levels of proficiency on all the competencies and skills required to perform the role.
• Keeps abreast of professional developments, new techniques and current issues through continued education and professional growth.

QUALIFICATIONS

• Master/Bachelor’s Degree in a relevant field such as Procurement, Supply Chain Management, Law, Business Administration, etc…
• Any professional certifications and memberships (for e.g. MCIPS) is a preference

EXPERIENCE

• Experience of 4 years for UAE National and 6 years for Expats in Procurement in similar role is required.
• Commercial know-how
• Analytical approach
• Strong communication, influencing and negotiation skills