Procurement Specialist - HSBC Life

HSBC; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

HSBC Life Singapore is seeking a Procurement Specialist to manage sourcing activities from requirements definition through to contract award, and to guide business in supplier due diligence, onboarding, negotiations and contract documentation.

This role requires experience with tenders, supplier evaluations, negotiations, and contract awards, plus familiarity with governance, risk and cross-functional collaboration across Finance, Risk, Compliance, Legal, Technology and Operations.

Qualifications

• Experience in procurement, strategic sourcing, category management, contract management or supplier relationship management.

Responsibilities

• Manage sourcing activities from requirements definition through to contract award.

Skills

Analytical skills

Organisational skills

Communication skills

Stakeholder management

Procurement experience

Strategic sourcing

Contract management

Supplier relationship management

Tender management

Negotiations

Cross-functional collaboration

Tools

Coupa

SAP Ariba

Job description

Some Careers Have More Impact Than Others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC Life is a world-class institution where you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank. Here you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank.

We are currently seeking a high calibre professional to join our team as Procurement Specialist.

In This Role You Will

• Manage sourcing activities from requirements definition through to contract award.
• Prepare tender documents, evaluation criteria, bid analyses and approval papers.
• Guiding/supporting business in supplier due diligence, onboarding, negotiations and contract documentation.
• Monitor supplier performance, service levels, contract obligations and renewal dates. Support the management of supplier risks, operational resilience, business continuity and exit plans.
• Apply procurement policies, delegated authorities, approval standards and segregation-of-duties controls.
• Maintain accurate, complete and audit-ready procurement and contract records.
• Escalate material supplier, control or delivery issues to the Head of Procurement.
• Support audits, risk reviews and remediation activities.

To Be Successful You Will Need

• Experience in procurement, strategic sourcing, category management, contract management or supplier relationship management.
• Experience managing tenders, supplier evaluations, negotiations and contract awards.
• Experience using source-to-contract and procure-to-pay systems, such as Coupa or SAP Ariba.
• Understanding of procurement governance, contract management, supplier performance and third-party risk.
• Experience working with Finance, Risk, Compliance, Legal, Technology and Operations.
• Strong analytical, organisational, communication and stakeholder management skills.

You’ll achieve more when you join HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by HSBC Life (Singapore) Pte. Ltd.

https://www.youtube.com/watch?v=NIa2CodFG6E