Procurement Analyst | Khobar, SA

Gulf International Bank; Al Khobar; On-site; SAR 60,000 - 80,000; Full time

Job summary

A leading bank in the Eastern Province is seeking a detail-oriented Procurement Analyst to optimize procurement processes and foster supplier relationships. The role involves developing procurement strategies, negotiating contracts, and ensuring compliance with policies. Ideal candidates will have a degree in Supply Chain or related fields and possess strong negotiation and communication skills.

Qualifications

• 1 to 2 years' experience in procurement and supplier management.
• Proven experience in negotiation of contracts and supply data.

Responsibilities

• Develop and implement procurement strategies to meet bank objectives.
• Source and evaluate suppliers, negotiate contracts, and manage relationships.
• Monitor market trends and employ analysis tools for cost savings.

Skills

Business Acumen

Effective Communication

Teamwork & Collaboration

Education

Bachelor's degree in Supply Chain

CIPS Certification

Job description

Job Description

The Procurement Analyst plays a crucial role in optimizing the bank's procurement processes, fostering strong supplier relationships, and ensuring cost-effective and compliant procurement practices. This position requires a detail-oriented individual with strong negotiation skills, market knowledge, and the ability to collaborate effectively with stakeholders across the organization.

Develop and implement procurement strategies to meet the bank's objectives and requirements.
Source and evaluate suppliers, negotiate contracts, and manage relationships to ensure cost-effective and timely procurement of goods and services
Monitor and analyze market trends, dynamics, pricing, and employ analysis tools e.g. SWOT, Kraliij matrix to identify opportunities for cost savings, leverages and process improvements.
Collaborate with internal stakeholders to understand their procurement needs and provide guidance on best practices and compliance requirements.
Ensure compliance with procurement policies, procedures, and regulatory requirements throughout the procurement process.
Manage the procurement documentation, including contracts, purchase orders, and supplier agreements, to maintain accurate records and facilitate audits.
Identify and mitigate procurement risks, such as supply chain disruptions, price fluctuations, and vendor non-compliance, to ensure business continuity.
Utilize system and maximize automation opportunities to achieve more efficiencies, an process optimization

Skills

Qualifications, Experience & Skills

Qualifications

Bachelor's degree (preferred) in Supply Chain, Finance, Marketing or Business. Other recognized post qualification courses related to Strategic Procurement (e.g. CIPS) is preferred as well.

Professional Certifications

CIPS or equivalent is preferred but not required

Experience

1 to 2 years' experience in procurement and suppliers management. Proven experience in interpretation and negotiation of contract, legal and regulatory and commercial supply data

Skills

Business Acumen/Commercial Awareness, Effective Communication, Teamwork & Collaboration

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