Summary

Procurement Specialist is responsible for assisting the Head of Procurement ISAP in managing the procurement process in ISAP for various IT goods and services, ensuring cost-effectiveness, quality, and timely delivery.

This role involves collaborating with all managers of ISAP and external vendors, negotiating contracts, and maintaining procurement records.

The role is responsible for ensuring all procurement activities are compliant with signed contracts and agreed terms and conditions. The position will engage support from functional subject matter experts (eg, legal, risk management, finance) as appropriate.

The ideal candidate will have experience in procurement, strong analytical skills, and the ability to work in a fast-paced environment.

\t

Key Responsibilities:

• \tSourcing and Supplier Management:

o\tIdentify, evaluate, and select suppliers based on quality, cost, and delivery capabilities.

o\tConduct regular supplier performance evaluations and address any issues that arise.

• \tProcurement Process Management:

o\tManage the end-to-end procurement process, including issuing purchase orders, tracking orders, and ensuring timely delivery.

o\tNegotiate pricing, terms, and conditions with suppliers to achieve the best value for the organization.

o\tWork with internal stakeholders to understand procurement needs and ensure alignment with organizational goals.

o\tManage RFI/RFQ/RFP process

-\tCollaborate with CACIB stakeholders to identify procurement needs and develop detailed RFP/RFI/RFQ documents, including scope of work, specification, evaluation criteria and timeline.

-\tDraft and launch RFI/RFQ/RFP

-\tFacilitate the evaluation of vendor proposals in collaboration with CACIB stakeholder, ensuring the evaluations are conducted in a fairly and objectively.

• \tContract Management:

o\tDraft, review, and manage contracts with suppliers, ensuring compliance with company policies and legal requirements.

o\tWork with legal to finalize contract with selected vendors, ensuring compliance with organization policies and legal requirement.

o\tMonitor contract performance and manage renewals, amendments, and terminations as needed.

• \tCost Management and Analysis:

o\tAnalyze market trends and pricing to identify cost-saving opportunities.

o\tMonitor and report on procurement expenditures, ensuring adherence to budgetary constraints.

o\tDevelop and implement cost-reduction strategies while maintaining quality standards.

• \tCompliance and Documentation:

o\tEnsure all procurement activities comply with policies, procedures, and regulatory requirements including, but not limited to, the Singapore Compliance manual and Compliance policies and procedures as issued from time to time; Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer.

o\tMaintain accurate and up-to-date procurement records, including contracts, purchase orders, and supplier information.

o\tPrepare reports on procurement activities and performance metrics for management review.

o\tAnalyze vendor's risk, identify new sources and strengthen the KYS database.

o\tImplement the appropriate internal controls and monitor for procurement activities.

Qualifications:

• \t4+ years of experience in procurement, sourcing, contract management and/or vendor management roles

• \tSolid knowledge of procurement, vendor management and contractual best practices

• \tStrong negotiation, communication, and interpersonal skills.

• \tProficiency in procurement software and Microsoft Office Suite. -

• \tAbility to analyze data and make informed decisions.

• \tKnowledge of procurement best practices, policies, and regulations.

• \tStrong organizational skills and attention to detail.