Procurement Commodity Specialist

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 banks 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 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.

Accountabilities
Job Description

• Support the Procurement / Category Manager and Head of Procurement by preparing information and analysis for negotiation processes and with the preparation of related information.
• Collect and analyse quantitative and qualitative information to assess suppliers' capabilities and performance.
• Manage the RFP / RFQ / RFI ("RFx") processes and 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.
• Understanding of 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 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 the purpose of 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.
• Post Graduate 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 Program ("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 required (written & verbal).
• A team member that can also operate independently with an ability for problem solving.

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