Specialist- Sourcing

First Abu Dhabi Bank FAB; Abu Dhabi; On-site; AED 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a dynamic Sourcing Manager to lead strategic sourcing initiatives and optimize procurement processes. This role involves collaborating with senior management and stakeholders to drive category strategies, ensuring value for money and compliance. The successful candidate will have a proven track record in managing substantial sourcing portfolios and will be adept at negotiating contracts to align with corporate objectives. Join a forward-thinking organization that values innovation and excellence in sourcing, where your contributions will directly impact the bottom line and enhance operational efficiency.

Qualifications

• 5+ years in sourcing category management with proven strategy execution.
• Experience managing sourcing portfolios of $10-30m.
• Strong interpersonal skills for building relationships with senior stakeholders.

Responsibilities

• Ensure suppliers deliver value and minimize risk for sourcing categories.
• Negotiate contracts and collaborate with stakeholders for category plans.
• Monitor strategic savings and identify opportunities for cost reduction.

Skills

Strategic Sourcing

Negotiation Skills

Stakeholder Management

Communication Skills

Project Management

Change Management

Education

Bachelor's Degree or Equivalent

Tools

Spend Analysis Tools

Contract Management Software

Job description

The Sourcing Manager is responsible for executing strategy for aligning the demand/supply (i.e. procurement) of goods and services for specific sourcing category area of responsibility.

The Sourcing Manager will deliver measurable and demonstrable value to the Organization by using strategic sourcing, commercial and legal negotiations, contract enablement, and life-cycle management for specific sourcing category areas of responsibilities.

KEY ACCOUNTABILITIES:

• The Sourcing Manager is responsible to ensure suppliers and contracts are delivering value for money, minimizing risk, and improving service and social objectives for the categories of responsibility.
• Provides leadership and accountability, ensuring process compliance and delivering optimal sourcing benefits from category management.
• Ensures best commercial value is negotiated and obtained for purchases. Specifically prepare requests for quotations, negotiate, select and identify most appropriate supplier (price, quality, conditions) in collaboration with requesting department. Also negotiate contracts with legal department.
• Works with the Category Manager and Head of Sourcing to define FAB Category strategy, setting performance objectives and monitoring progress. Also actively engaging with and securing support from key local stakeholders (Finance, HRG).
• Collaborates with stakeholders to create, manage, and execute category plans.
• Develops annual category sourcing plans through detailed analysis of contracts, spend analysis, usage patterns, future demands, and benchmark data ensuring full alignment between FAB requirements and SVM targets.
• Lead transformational change through category strategies to include demand management, specification review, and grouping of similar goods and/or services using catalogue management techniques.
• Ensure that SVM Sourcing Management is aligned with FAB corporate Strategies, in cooperation with business planning and strategy and delivers results to the bottom line.
• Ensures that market intelligence is updated regularly and ensures that any changes are updated in the category strategy and the appropriate steps are taken accordingly to mitigate any potential impact that this information may have to the organization.
• Monitors and reports all strategic savings on a monthly basis to the Head of Sourcing.
• Continuously reviews category management information to identify new opportunities to minimize any potential savings gap.
• Provide expertise, leadership and support to FAB organizations to drive overall productivity program, promoting best practice sharing, benchmarking, market intelligence, etc.
• Actively participate and contribute to the development of SVM as a value adding function within the FAB organization through empowered and experienced stakeholder management.

Desired Candidate Profile

Qualifications

• 5 years plus demonstrable sourcing category management experience, including writing and executing sourcing category strategies.
• Demonstrable experience managing sourcing portfolios of $10-30m plus.
• Strong communication and interpersonal skills to work with senior level stakeholders to build trusted relationships.
• Ability to align with business strategy and engage Senior Management to reinforce the value of SVM.
• Can operate in a multi matrix, performance driven structure, able to lead cross-functional projects.
• Hands-on Management style for projects and management of third parties, able to get involved as needed to offer support in group BU operations.
• Strong change agent, with the ability to make things happen, gain traction quickly and motivated by successful delivery.
• Excellent Communicator (verbal and written) and strong negotiator who can effectively manage relationships that are widely dispersed both functionally and geographically.
• Family book in UAE is mandatory.

Company Industry

• Banking
• Broking

Department / Functional Area

Keywords

• Specialist- Sourcing