Contracts Specialist

Old Mutual Limited; Cape Town; On-site; ZAR 600,000 - 900,000; Full time

Job summary

Old Mutual Limited is seeking a procurement professional to support effective management of procurement activities, supplier relationships, sourcing initiatives and contract governance across the business.

You will collaborate with stakeholders, governance teams, architects, service managers and procurement partners to drive sourcing outcomes, manage supplier performance and ensure compliance with procurement policies.

Qualifications

• Tertiary qualification in Procurement, Supply Chain, Commerce, Legal, or related field (advantageous).
• Minimum 3 years’ procurement/sourcing/supply chain experience.
• Experience in financial services or technology procurement is advantageous.

Responsibilities

• Support delivery of procurement and sourcing activities across Old Mutual and its affiliates.
• Manage supplier relationships and promote strategic engagement with key vendors.
• Facilitate sourcing initiatives, supplier onboarding, evaluations, and governance processes.

Skills

Procurement strategy

Sourcing

Supplier Relationship Management

Contract Negotiation

Governance & Compliance

Risk Management

Analytical Thinking

Project Management

Education

NQF Level 7 - Degree or equivalent

Job description

Let’s Write Africa’s Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

This role is responsible for supporting the effective management of procurement activities, supplier relationships, sourcing initiatives, and contract governance to ensure value delivery, compliance, and operational excellence across the business.
The successful candidate will work closely with business stakeholders, suppliers, governance teams, architects, service managers, and procurement partners to drive sourcing outcomes, manage supplier performance, and ensure adherence to procurement policies and governance requirements.

Area: Contracts and Sourcing | Group Technology & Transformation

• Support the delivery of procurement and sourcing activities across Old Mutual and its affiliate territories.


• Manage supplier relationships and promote strategic engagement with key vendors.


• Facilitate sourcing initiatives, including supplier evaluation, supplier onboarding, and procurement governance processes.


• Negotiate commercial terms, contract renewals, and supplier agreements in line with sourcing strategies and business requirements.


• Ensure compliance with procurement policies, governance standards, and supplier management frameworks.


• Maintain accurate supplier and contract records, including contract values, renewal dates, notice periods, and service descriptions.


• Drive supplier segmentation and supplier performance management activities.


• Develop, maintain, and report on supplier scorecards and performance metrics.


• Support supplier due diligence, risk assessments, and supplier rationalisation initiatives.


• Provide procurement guidance and advisory support to business stakeholders.


• Identify opportunities for cost optimisation, process improvement, and operational efficiencies.


• Collaborate with internal stakeholders to gather procurement requirements and ensure alignment to sourcing processes.


• Monitor compliance risks and provide recommendations to mitigate commercial and vendor-related risks.


• Produce management information and reporting relating to procurement, sourcing, and supplier performance.


• Contribute to the continuous improvement of procurement, sourcing, contract management, and accounts payable processes.


• Promote an integrated supply chain approach by engaging key stakeholders across the organisation.


• Support business development and strategic sourcing opportunities where required.

Requirements: Skills, Qualifications & Experience

• Tertiary qualification in Procurement, Supply Chain Management, Commerce, Legal, or a related field will be advantageous.


• Minimum 3 years’ experience within a procurement, sourcing, or supply chain environment


• Experience within a financial services company, will be advantageous


• Experience in technology procurement, including the sourcing, negotiation and management of technology-related contracts, will be advantageous


• Proven experience delivering results within a procurement and sourcing function.


• Experience managing supplier relationships, supplier performance, and commercial engagements.


• Demonstrated experience in sourcing activities, supplier evaluations, contract negotiations, and supplier governance.


• Strong understanding of procurement policies, governance requirements, and procurement best practices.


• Experience reviewing, interpreting, and applying procurement requirements and standards.


• Knowledge of contract management principles and supplier agreement administration.


• Experience managing third-party suppliers and vendor relationships.


• Experience within a large corporate, outsourced, or off-shored delivery environment will be advantageous.


• Knowledge of project management methodologies.


• Strong analytical, problem-solving, and negotiation skills.


• Ability to work independently and drive issues through to resolution.


• Process-oriented, with the ability to establish, improve, and maintain procurement processes and controls.


• Proven ability to work under pressure and consistently meet demanding deadlines.


• Highly organised, structured, and detail-oriented.

Competencies

• Procurement & Sourcing


• Supplier Relationship Management


• Contract Management


• Commercial Negotiation


• Stakeholder Management


• Governance & Compliance
  
• Risk Management


• Analytical Thinking


• Process Improvement


• Communication & Influencing Skills

Skills

• Action Planning


• Contract Administration


• Contract Management


• Data Controls


• Data Management


• Executing Plans


• Financial Acumen


• Negotiation


• Oral Communications


• Presenting Solutions


• Procurement Management


• Project Procurement Management


• Supplier Management


• Supply Chain Management Software

Competencies

• Business Insight


• Communicates Effectively


• Directs Work


• Drives Results


• Ensures Accountability


• Financial Acumen


• Manages Complexity


• Persuades

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

11 September 2026 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!