Associate, Enterprise Sourcing & Procurement (Contract)

GIC Private Limited; Singapore; Hybrid; SGD 60,000 - 80,000; Full time

Job summary

A leading sovereign wealth fund in Singapore is seeking a Corporate Procurement Associate on a 1-year contract. The role involves managing procurement processes, liaising with stakeholders, and ensuring compliance with agreements. Ideal candidates will have a relevant degree and 3-6 years of experience in procurement and market data. The position offers a collaborative and flexible work environment.

Qualifications

• Experience and knowledge of market data is preferred.
• Resourceful with broad knowledge of procurement practices.
• Demonstrated ability to manage multiple tasks.

Responsibilities

• Liaise with stakeholders on procurement needs.
• Lead procurement for assigned categories.
• Monitor compliance with vendor agreements.

Skills

Good degree

3-6 years of relevant work experience

Tech savvy

Strong interpersonal skills

Excellent written and communication skills

Strong negotiating skills

Education

Bachelor's degree

Job description

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Location:

Singapore, SG

Job Function: Corporate Administration and Infrastructure Depart

Job Type: Contract

GIC is one of the world’s largest sovereign wealth funds. With over 2,000 employees across 11 locations around the world, we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the world’s industry leaders. As a leading global long-term investor, we Work at the Point of Impact for Singapore’s financial future, and the communities we invest in worldwide.

Corporate Administration & Infrastructure Department

We strive to provide the best work environment for our employees to enable them to deliver their best performance.

Corporate Procurement

You will be empowered to deliver real tangible value and savings through strategic sourcing, so GIC can use its joint purchasing power to extract the best possible value from the marketplace. You will also help to ensure that GIC sources its goods and services from vendors and service providers with responsible and sustainable business practices to safeguard GIC’s reputation.

We are looking for a suitably qualified candidate to join our Corporate Procurement team as an Associate on a 1-year contract.

What will you do as a Category Manager?

• Liaise closely with internal stakeholders on their procurement needs and budget
• Lead the procurement for the assigned categories of spend across the entire lifecycle from sourcing, evaluation and contracting.
• Influence and partner stakeholders to ensure both their business objectives and procurement governance are met.
• Develop and sustain collaborative relationships with suppliers and responsible for communicating and resolving procurement related issues
• Maintain good records of all elements of the Market Data Inventory System including contracts, pricing, user profiles, vendor uploads and tracking spare licenses for reallocation or cancellation
• Monitor and enforce compliance with terms and conditions of market data vendors / exchanges agreements
• Contribute to design, preparation, and analysis of reports and findings in a clear, logical, and concise manner
• Participate in work process improvement initiatives and projects

What qualification or skills should you possess in this role?

• Good degree with 3-6 years of relevant work experience relating to the job description. Experience and knowledge of market data is preferred.
• Tech savvy; passionate in exploring and learning new skills and knowledge and applying on day-to-day work
• Resourceful and has broad knowledge of procurement practices, market data services and vendors management
• Possesses strong interpersonal skills and be able to interact with internal stakeholders at varying levels in the organization
• Strong team-player and yet exhibit independence in driving and delivering business outcomes
• Demonstrated ability to establish priorities, manage multiple tasks with poise and discretion in a fast-paced environment. Willing to go the extra mile to attend to urgent requests.
• Excellent written and communication, and negotiation skills

Work at the Point of Impact

We need to be forward-looking to attract the right people to help us become the Leading Global Long-term Investor. Join our ambitious, agile, and diverse teams - be empowered to push boundaries and pursue innovative ideas, share your views, and be heard. Be anchored on our PRIME Values: Prudence, Respect, Integrity, Merit and Excellence, which guides us in how we make our day-to-day decisions. We strive to inspire. To make an impact.

Flexibility at GIC

At GIC, our offices are vibrant hubs for ideation, professional growth, and interpersonal connection. At the same time, we believe that flexibility allows us to do our best work and be our best selves. Thus, our teams come into the office four days per week to harness the benefits of in-person collaboration, but have the flexibility to choose which days they work from home and adjust this arrangement as situational needs arise.

GIC is an equal opportunity employer

GIC is an equal opportunity employer, and we value diversity. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.

Learn more about our Corporate Administration & Infrastructure Department here:

https://gic.careers/group/corporate-administration-infrastructure-department/