Procurement Specialist - Services

Placements24; Randburg; On-site; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Competitive pay

Pension plan

Medical aid

Leave policy

Certifications support

Job summary

Placements24 in Randburg, South Africa, seeks a strategic Procurement Specialist to lead sourcing and procurement of professional and operational services in the financial services sector. You will craft category strategies, manage supplier relationships, and ensure regulatory compliance to secure high-quality services at optimal cost.

The role requires a Bachelor’s degree, at least four years of services procurement experience, strong negotiation skills, and excellent analytical and

Qualifications

• Bachelor's degree in Supply Chain Management, Business Administration, Finance, or related field.
• Minimum 4 years of procurement experience with a focus on services procurement.
• Proven experience negotiating and managing complex SLAs.
• Strong knowledge of the financial services procurement landscape and regulations.
• Excellent analytical, communication, and stakeholder-management skills.

Responsibilities

• Develop and implement sourcing strategies for service categories (IT, HR, legal, consulting).
• Lead complex negotiations for service contracts with favorable terms and SLAs.
• Manage and evaluate supplier performance and relationships.
• Conduct market research to identify potential providers and industry trends.
• Ensure procurement activities comply with policies, laws, and financial regulations.
• Collaborate with internal stakeholders to align service needs with business objectives.

Skills

Negotiation

Analytical

Stakeholder management

Service procurement

SLA management

Education

Bachelor's degree in SCM/related field

Job description

About the Role

Our client, a leading firm in the financial services sector , is seeking a strategic Procurement Specialist to manage the sourcing and procurement of professional and operational services in Randburg . This role is critical for securing high-quality services, including IT consulting, legal support, marketing agencies, and facilities management, at optimal cost. You will be responsible for developing category strategies, managing supplier relationships, and ensuring compliance with stringent industry regulations. The ideal candidate will possess strong negotiation skills, excellent analytical abilities, and a deep understanding of service procurement within a regulated environment, contributing to operational efficiency and strategic partnerships for the firm within the Gauteng province .

Key Responsibilities

• Develop and implement sourcing strategies for various service categories, such as IT, HR, legal, and consulting.
• Lead complex negotiations for service contracts, ensuring favorable terms, pricing, and SLAs.
• Manage and evaluate supplier performance, fostering strong, collaborative relationships.
• Conduct market research to identify potential service providers and assess industry trends.
• Ensure all procurement activities comply with company policies, legal requirements, and financial services regulations.
• Collaborate with internal stakeholders to understand service needs and ensure alignment with business objectives.

Requirements

• Bachelor’s degree in Supply Chain Management, Business Administration, Finance, or a related field.
• Minimum of 4 years of experience in procurement, with a specialization in services procurement.
• Proven experience in negotiating and managing complex service level agreements (SLAs).
• Strong understanding of the financial services industry and its procurement challenges.
• Excellent analytical, communication, and stakeholder management skills.

Benefits

• Competitive salary and comprehensive benefits package.
• Opportunity to work with a highly respected financial institution in Randburg.
• Defined benefit pension plan and comprehensive medical aid.
• Generous leave policy and support for professional certifications.
• A dynamic and professional work environment committed to excellence and ethical conduct.