Procurement Lead Job at FairMoney

FairMoney is building the leading mobile bank for emerging markets. We started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.

We are recruiting to fill the position below:

Job Position: Procurement Lead

Job Location: Lagos, Nigeria
Job type: Full-time
Department: Finance

About The Role

• We are seeking a dynamic and results-oriented Procurement Lead to join our team. This role will focus on driving cost savings and optimizing procurement strategies on a global scale.
• The ideal candidate will have extensive experience in contract negotiation, supplier management, and strategic sourcing.

Key Responsibilities

• Cost Savings Initiatives: Develop and implement strategies to achieve significant cost reductions across all procurement categories.
• Contract Management: Lead the renegotiation of existing contracts to secure more favorable terms, conditions, and pricing structures.
• Supplier Relationship Management: Build and maintain strong relationships with suppliers to foster collaboration and drive performance improvements.
• Global Sourcing Strategy: Identify and evaluate potential suppliers globally, ensuring alignment with company goals and objectives.
• Market Analysis: Conduct thorough market research to stay informed about industry trends, pricing fluctuations, and new sourcing opportunities.
• Cross-Functional Collaboration: Work closely with internal stakeholders, including finance, operations, and product development, to align procurement strategies with business needs.
• Performance Metrics: Establish and monitor key performance indicators (KPIs) for procurement activities, ensuring continuous improvement and accountability.
• Risk Management: Identify and mitigate potential risks within the supply chain, ensuring business continuity.

Qualifications

• Bachelor's degree in Business, Supply Chain Management, or a related field; MBA preferred.
• 7+ years of experience in procurement, with a focus on cost savings and contract negotiation.
• Proven track record of achieving significant cost reductions in a global context.
• Strong analytical skills and experience with procurement software and tools.
• Excellent negotiation and communication skills.
• Ability to work in a fast-paced, cross-cultural environment.
• Proficiency in [relevant languages]

Benefits

• Competitive salary.
• Comprehensive benefits package.
• Pension Plan
• Opportunities for professional development and career advancement.
• A collaborative and innovative work environment.
• Paid Time Off