Procurement Officer

Date Posted: May 22, 2022, 8:22 a.m.

Job Description

Job Description

The role is responsible for the sourcing function of all the banks departmental needs. This includes planning, supply market research/sourcing, vendor selection, contracting and relationship management for the bank. The job holder is required to have a good understanding of the supply market and is an advisor to the business on the same, the job holder is individually accountable for achieving results through own efforts.


Provide support in sourcing strategy development, supply base rationalization and implementation

Perform / support contract analysis and risk evaluation; cost reduction; pricing analysis; and target price evaluation/negotiation for the bank

Negotiate and facilitate implementation of long-term agreements and / or partnerships within the category

Maintain knowledge database of supplier’s markets, sub-categories, capabilities, technology, cost analysis and key performance indicators within the bank

Develop and fully implement long term supply agreements for key strategic high value items and services for the bank

Develop, Implement and Maintain procurement Plans for the category of purchasing

Develop and fully implement supplier catalogues/pricelists within the ERP system

Drive category Management within supply chain with emphasis on category buying

Ensure harmonization of prices of goods and services procured by the entities from various suppliers at different times.

Develop and implement cost reduction targets in liaison with budget holders and suppliers

Monitor the performance of supplier to ensure they deliver quality goods & services as per contract/Purchase Order.

Enforce supplier Payment Terms that are, cost favorable to the company

Use category strategies to drive cost management

Drive Total cost of ownership approach to price evaluations

Ensure adherence to policies and procedures

Develop Purchasing SLA with all Internal & External stakeholder

Evaluate suppliers to ensure consistently high performance and value-addition

Manage all tender documentations/processes.

Ensure contract renewal/tendering processes is started at least 3 months before expiry of the current one.

Manage the bank’s budget –monitor expenditure against approved budget for the bank

Lead, develop and motivate staff to ensure that set objectives are met and exceeded in line with senior management and customer expectations on goals achievement and service delivery



Business Agility, Business Decisions



Bachelor of Commerce (BComm): Strategic Supply Management


How To Apply

Interested and qualified candidates should submit their applications to Old Mutual via their career portal using the link Old Mutual Careers

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