Commodity Specialist

nedbank; Johannesburg; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A leading financial services firm in Johannesburg is seeking a skilled Procurement Specialist to manage the sourcing process, ensure regulatory compliance, and develop effective strategies aligned with corporate objectives. Candidates should possess at least 3 years of experience in procurement, preferably in the Insurance sector, and relevant qualifications such as Advanced Diplomas/National 1st Degrees. This role offers a dynamic environment for professional growth and contribution to strategic initiatives.

Qualifications

• 3 years procurement experience within the Insurance environment.
• CIPS certification is highly beneficial.

Responsibilities

• Analyse trends by reviewing management information.
• Identify opportunities to develop sourcing strategy for cost savings.
• Ensure compliance with regulatory requirements and governance.

Skills

Data analysis

Decision Making

High-Impact Communication

Governance, Risk and Controls

Managing Work

Banking knowledge

Education

Advanced Diplomas/National 1st Degrees

BCom

Job description

Job Requisition: 141833

TA Specialist: Refilwe Falatsi

Closing Date: 13 October 2025

Location: 135 Rivonia Campus, Sandton

Cluster: Personal and Private Banking | Nedbank Insurance | Operations

Please Note: Preference will be given to applicants from Underrepresented Groups

Job Purpose

To analyse; identify; source; negotiate and manage the procurement process while mitigating risks and ensuring regulatory compliance and develop and implement commodity strategies aligned with Groups strategy and build relationship with stakeholders.

Job Responsibilities

• Analyse trends by reviewing management information.
• Assist stakeholders with budget forecasting by providing commodity information.
• Identify opportunities to develop sourcing strategy that will result in cost saving by benchmarking and negotiating with internal and external stakeholders.
• Ensure that preferential procurement BBBEE targets are aligned to the Financial Sector Charter (FSC) as determined by the Department of Trade and Industry code of good practice.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives.
• Participate and support corporate social responsibility initiatives for the achievement of key business strategies.
• Identify and recommend opportunities to enhance processes; systems and policies and support implementation of new processes; policies and systems.
• Develop and maintain policies by understanding and collaborating with stakeholders to determine practical processes.
• Mitigating risks by ensuring that policies and regulatory and industry governance requirements are adhered to.
• Selection of preferred suppliers by conducting a tender or quotation process.
• Drafting and signing of contracts by liaising with Group Legal and stakeholders.
• Ensuring SLA's are met through end to end management of the contract (includes supplier relationship and performance management).
• Measure local procurement and environmental objectives against Nedbank's transformational objectives by conducting surveys or reviewing management information.
• Identify business requirements by engaging with internal stakeholders to understand business needs.
• Collaborate with stakeholders to implement the sourcing strategy by coordinating workshops; presentations and meetings.
• Exchange of information between stakeholders to achieve the procurement objective by sharing management information.
• Manage and maintain internal and external stakeholder relationships by conducting regular engagements. Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters; websites and attending sessions.
• Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders.
• Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.
• Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed; experience practiced and certifications obtained and/or maintained within specified time frames.
• Ensure information is provided correctly to stakeholders by maintaining knowledge sharing knowledge with team.

Job Responsibilities Continue

People Specification

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

BCom

CIPS is highly beneficial

Essential Certifications

Minimum Experience Level

3 years procurement experience within the Insurance environment

Technical / Professional Knowledge

• Administrative procedures and systems
• Banking knowledge
• Banking procedures
• Business principles
• Business terms and definitions
• Data analysis
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Governance, Risk and Controls
• Decision Making
• High-Impact Communication
• Managing Work
• Sustaining Customer Satisfaction
• Technical/Professional Knowledge and Skills

Please contact the Nedbank Recruiting Team at [phone]

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Nedbank Ltd Reg No 1951/000009/06. Authorised financial services and registered credit provider (NCRCP16).

For assistance please contact the Nedbank Recruiting Team at [phone]