procurement Commodity Specialist

Absa Group; Johannesburg; On-site; ZAR 500,000 - 700,000; Full time

Job summary

A leading African bank in Johannesburg seeks a motivated candidate to manage procurement processes and support procurement strategy. The role requires a Bachelor's degree, skills in negotiation, and 3-5 years of experience in sourcing. Ideal for candidates with strong analytical abilities and knowledge of procurement systems. Opportunities for growth in a diverse environment.

Qualifications

• 3 to 5 years of experience in procurement and sourcing.
• Strong negotiation and presentation skills.
• Hands-on experience in working with an Enterprise Resource Planning (ERP) system.

Responsibilities

• Support the Procurement / Category Manager by preparing analysis for negotiations.
• Manage RFP / RFQ / RFI processes and analyze results.
• Draft and maintain strategic contracts.
• Evaluate suppliers and manage their performance.

Skills

Negotiation skills

Analytical skills

Communication skills

Problem-solving abilities

Knowledge of procurement processes

Education

Bachelor’s degree in Business or related field

Tools

Microsoft Excel

ERP systems (e.g., Coupa)

Job description

Overview

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

Absa Group Limited ("AGL") is a leading African bank with significant growth prospects across the continent. The Group Procurement Function is key in supporting the bank’s strategic goals of cost management, Enterprise & Supplier Development, Risk and Governance. The successful candidate will manage a procurement portfolio and provide direct support to the Procurement / Category Manager and related Business stakeholders of the Absa Business unit by applying their procurement & sourcing skills, analytical capability and supply chain knowledge. The high-performance procurement team is seeking a motivated candidate that will seamlessly integrate into the team and consistently deliver results.

Job Description

Accountabilities

• Support the Procurement / Category Manager and Head of Procurement by preparing information and analysis for negotiation processes and related information.
• Collect and analyse quantitative and qualitative information to assess suppliers’ capabilities and performance.
• Manage the RFP / RFQ / RFI (“RFx”) processes; analyse, develop and execute results.
• Ensure contracts comply with contract standards, legislation and AGL policies.
• Collect, investigate, and analyse information as requested by Procurement / Category Manager and Head of Procurement using data from internal and external sources.
• Provide input into the category and commodity strategy development processes and support category and commodity plan execution.
• Draft and maintain strategic contracts.
• Understand Services, Service Level Agreements (SLA’s) and contracting based on deliverables.
• Supplier screening and due diligence using the Bank’s preferred tools / systems.
• Evaluate suppliers and manage their performance in collaboration with Supplier Management or business-driven Service Management.
• Maintain constructive working relationships with internal stakeholders and strategic suppliers.
• Participate constructively and drive personal development within the procurement / category team.
• Run ad hoc reports and queries based on team requirements.
• Develop, compile and analyse statistical data for procurement / category management reports.
• Assist in the development of Total Cost of Ownership (TCO) and other cost improvement models.
• Collaborate and support supplier diversity in driving enterprise development and preferential procurement objectives.
• Collaboration and interaction with other procurement teams for continuous strategy improvement.
• Conduct market research.
• Perform benchmarking on price, cost, and supply chain effectiveness.
• Execute procurement cost savings plans and track against targets.
• Load and maintain procurement documents on the procurement system.

Education and Required Experience

• Bachelor’s qualification, preferably in Business, Commercial, Supply Chain, Engineering, Business, Business Economics, Economics, Finance, or Accounting fields.
• Postgraduate qualification will be an advantage.
• CIPS / MCIPS qualification will be an advantage.
• 3 to 5 years of experience in procurement and sourcing.
• Managing cross-functional team collaboration.
• Business and financial acumen, cost management tools, spend analysis, cost savings reporting, etc.
• Multi-Category experience will be an advantage.
• Banking procurement experience will be an advantage.
• Supply chain tools knowledge – Procure to pay systems, purchase orders, payment, supplier assessments.
• Understanding of commercial matters and business environment.
• Strong knowledge of contractual agreements and some exposure to relationship management.
• Knowledge of end-to-end RFx and sourcing processes.
• Hands-on experience in working with an Enterprise Resource Planning (ERP) system (Coupa experience will be an advantage).
• Strong negotiation and presentation skills.
• Expert-level efficiency in Microsoft Excel and MS-Word.
• Strong computer literacy (Power Point) and Microsoft Office Suite is required.
• High-level analytical and communication skills (written & verbal).
• A team member who can also operate independently with problem-solving abilities.

Education

Bachelor’s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required).

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised.