Summary: The procurement officer is responsible for the procurement cycle, overseeing department activities such as sourcing, pricing analysis, negotiation, contracting and supplier relationship management within the bank.
Responsibilities
• Research, select, and purchase quality products, equipment and services within end-user requested timeline.
• Build relationships with vendors, suppliers and strongly negotiate for the best price,
quantities, and delivery timescales.
• Responsible for maintaining the procurement policies, processes and templates including RFI (Request for Information), RFP (Request for Proposal) and RFQ (Request for Quotation).
• Perform detailed reviews of purchase orders, quotations and tender terms and conditions.
• Define sourcing strategy for vendors and suppliers to achieve cost savings that are in line with the bank’s objectives.
• Develop, follow and enforce the bank’s procurement policies and procedures.
• Liaise with internal stakeholder’s department’s functional requisitioned to support need basics.
• Monitor and work closely with line managers and stakeholders to provide regular updates
and escalate issues to ensure deliverables and deadlines are met.
• Maintain relationships with existing suppliers while continuing to source for additional
vendors.
• Liaise with finance department to make vendors payments within the deadline.