Procurement Manager

Job Title: Procurement Manager
Reports to: Chief Finance Officer
Department: Procurement

Job Purpose

The Procurement Manager is responsible for strategically managing the procurement lifecycle, ensuring cost-effective sourcing, supplier negotiations, and contract management while maintaining compliance with regulations and internal policies. This role focuses on optimizing procurement processes, mitigating supply chain risks, supporting financial goals, and leading a team to drive high-performance procurement operations.

Functional Accountabilities

Financial

• Lead strategic sourcing and supplier management to reduce costs and improve profitability.
• Manage procurement budgets and negotiate favorable payment terms for better cash flow.
• Assess and mitigate financial risks, ensuring contract compliance and value realization.

Process

• Collaborate with departments to understand procurement needs and streamline purchasing.
• Develop and enforce procurement procedures while ensuring transparency and efficiency.
• Maintain supplier relationships, explore market innovations, and enhance procurement strategies.

Contract Management

• Oversee contract negotiations, drafting, and renewals to ensure compliance and business alignment.
• Monitor supplier performance and service-level agreements.

Customer and Reporting

• Act as the primary liaison between procurement and internal stakeholders.
• Ensure transparency in procurement activities, audit readiness, and performance reporting.

Communication & Working Relationships

• Collaborate across departments and provide regular management updates.

• Lead supplier negotiations and maintain vendor relationships to prevent supply disruptions.

Qualifications

• Bachelors degree in Commerce, Finance, Accounting, Engineering, or a related field.
• Procurement certifications (e.g., CIPS) desirable but not mandatory.

Experience

• 12+ years of procurement experience with expertise in strategic sourcing and supplier management.
• Strong leadership skills, team mentoring, and ERP system familiarity (Oracle preferred).

Competencies

Behavioural Competencies

• Strong workload management and negotiation skills.
• High-level communication and problem-solving abilities.

Technical Competencies

• Proficiency in Microsoft Office applications, including Excel and Word.