Specialist: Commodity

Bring your possibility to life Define your career with us - 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 To work across all business units in order to maximise stakeholder satisfaction by ensuring sustainable sourcing practices and drive value aligned to effective negotiations and contract management. **Job Description**: Accountability: Category Management - Develop commodity strategies, category plans and commercial solutions aligned to "best in class" business drivers for delivering specific components thereof. - Develop a fact-base to appropriately understand market analytics and category dynamics, these include Total Cost of Ownership (TCO) models, comparative analysis, spend analysis, trend analysis, risk analysis, benchmarking etc. - Develop comprehensive business cases in order to support strategies for approval by senior stakeholders such as Head of Human Resources, Head of Marketing, Headof Cash Management and Head of IT - Work with identified business area to embed and ensure compliance to the Group Sourcing SSMP policy as reported in the CAB decks for that business area each month - Introduce innovative solutions through effective research ensuring Business Continuity Management (BCM) is guaranteed - Review, Revise and Re-engineer processes in order to eradicate waste and maximise throughput - Assist Sourcing Manager in delivery of commercial and contractual elements through commercial negotiations, leading to awarding contracts. - Ensure all financial, risk, strategic and commercial considerations are optimised through the use of due diligence checks, best in class strategies and general market knowledge Key accountabilities Accountability: Benefit Realisation - Ensure sustainable savings by identifying opportunities and delivering benefits against all targets through effective cost reduction, cost avoidance and revenue generation opportunities - Introduce Value Add and Value Engineering (VAVE) initiatives that will contribute to savings and maximise value - Report on performance against targets for benefits realisation by extraction of data through MI - Devise methods to optimise processes and eradicate waste in order to drive value throughout the supply chain - Introduce innovation that will add strategic benefit through mutual relationships and synergies by working with the internal customer (business units) and third party suppliers Accountability: Stakeholder Management - To support the organization in achieving its strategic objectives by interpreting and influencing both the external and internal environments and by creating positive relationships with stakeholders through the appropriate management of their expectations and agreed objectives - Positioning stakeholders according to the level of influence, impact or enhancement they may provide to the business or it's projects. - Recognise and acknowledge stakeholder's needs, concerns, wants, authority, common relationships, interfaces and align this information with the overall delivery strategy. - Ensure communication standards are transparent, honest and open with - stakeholders, which will be measured through Employee feedback in the Q2 and Q4 reviews Accountability: Governance and Compliance - Delivery of effective contract management will include: - Service delivery management - ensuring that the service is being delivered as agreed, to the required level of performance and quality by working timeously and to agreed deadlines - Creating and maintaining Relationship management to keep the relationship between the two parties open and constructive, aiming to resolve or ease tensions and identify problems early. - Delivering contract administration to handle the formal governance of the contract and changes to the contract documentation. - Optimise the efficiency, effectiveness and economy of the service or relationship described in the contracts, by balancing costs against risks and actively managing the contractual relationship. Accountability: Transactional Integrity - Ensure transactional integrity is adhered to for each step in the P2P process and all transactions are in line with company compliance and policies by reviewing the monthly reporting and working with the allocated business units - Ensure that all contractual information is loaded onto the Global Sourcing Platform (Sourcing Work Bench) for each deal that is completed prior to benefit sign off, as per the agreed Sourcing Process (sign off will not occur unless this is done) - Address all enquires in order to add resolution related to supplier payments and invoicing - Accountability: BBBEE, Transformation & Social Responsibility - Achieve all targets related to BBBEE and transformation through due consideration in the proces