Head Of Procurement €“ Insurance & Investment Industry
Posted on 2025-03-04
Employer | Network Finance |
---|---|
Salary | 850000 |
Category | Logistics |
Location | Gauteng / Centurion |
Job Summary
Key
Responsibilities:
- Develop and implement procurement strategies that align with corporate objectives, ensuring cost efficiency, quality, and compliance with regulatory requirements.
- Oversee end-to-end procurement processes, including vendor selection, contract negotiations, and performance management.
- Drive supplier relationship management, ensuring long-term strategic partnerships that enhance service delivery and cost savings.
- Ensure compliance with financial regulations and procurement best practices within the insurance and investment industry.
- Lead and mentor the procurement team, fostering a high-performance culture with a focus on innovation and continuous improvement.
- Collaborate with key stakeholders, including finance, legal, and risk teams, to align procurement initiatives with broader business goals.
- Optimize procurement policies and governance frameworks, ensuring adherence to industry standards and internal controls.
- Manage procurement budgets and cost-saving initiatives, identifying opportunities for operational efficiencies and value creation.
- Leverage technology and data analytics to enhance procurement decision-making and supplier evaluation.
Minimum
Requirements:
- Bachelor’s degree in Supply Chain Management, Procurement, Finance, Business Administration, or a related field.
- A postgraduate qualification (CIPS, MCIPS, or MBA) is highly advantageous.
- 8-10 years of procurement experience, with at least 5 years in a senior/leadership role.
- Industry experience in financial services, insurance, or investment is essential.
- Strong understanding of procurement regulations, governance frameworks, and compliance within the financial sector.
- Proven track record in strategic sourcing, supplier management, and contract negotiation.
- Excellent leadership, stakeholder engagement, and decision-making skills.
- Proficiency in ERP procurement systems (SAP, Oracle, or similar) and data analytics tools.
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