Commodity Specialist

Job Description

Absa Group Limited (AGL) is seeking a Commodity Specialist to join its Group Procurement Function. This role is crucial for supporting the bank's strategic goals of cost management, Enterprise and Supplier Development, and Risk and Governance. The successful candidate will provide direct analytical and supply value chain support to the Category Manager for Professional Services.

Requirements

• Bachelor’s qualification, preferably in Business, Commercial, Supply Chain, Engineering, Business, Economics, Finance, or Accounting
• Post Graduate Qualification will be an advantage
• 3 to 5 years of experience in a supply value chain environment or commercial analytical role
• Interpersonal relationship through Cross Functional Teams collaboration
• Business & Financial Acumen
• Cost Management tools (e.g. TCO)
• Spend analysis, cost savings reports
• Experience in a professional services environment (an added advantage)
• Supply Chain Tools Knowledge - Purchase orders, payment, supplier assessments
• Understanding of commercial matters and business environment
• Strong knowledge of contractual agreements and some exposure to relationship management
• Knowledge of end-to-end Tender/ sourcing process
• Hands on experience in working with Any Enterprise Resource Program (ERP) System (e.g. SAP, Coupa)
• Expert level efficiency in Microsoft Excel
• Strong negotiation and presentation skills
• Strong computer literacy (Word, Power Point, Visio) and Microsoft Office Suite is required
• High Level analytical and communication skills (written & verbal)

Responsibilities

• Support the Category Manager and Head of Procurement by preparing information and analysis for negotiation processes and with the preparation of related documentation
• Collect and analyse quantitative and qualitative information to assess suppliers’ capabilities and performance
• Manage the RFP/ RFQ/ RFI processes and develops, executes, and analyses results
• Ensure contracts comply with contract standards, legislation and AGL policies
• Collect, investigate, and analyse information as requested by Category Manager and Head of Procurement using data from internal and external sources
• Provide input into commodity strategy development processes and supports implementation
• Assist in commodity strategy execution/rollout
• Establish, draft and manage strategic contracts
• Evaluate suppliers and manage their performance in collaboration with Supplier Relationship Management
• Maintain constructive working relationships with internal stakeholders and strategic suppliers
• Participate constructively and drive personal development within category team
• Run ad hoc reports and queries based on team requirements
• Develop, compile and analyse statistical data for category management reports
• Assist in the Development of Total Cost of Ownership and other cost improvement models
• Collaborate and support Supplier Diversity Management in driving enterprise development and preferential procurement objectives
• Collaboration and interaction with broad procurement teams for the purpose of continuous strategy improvements
• Conduct market intelligence research to drive financial, analytical, and political reports for risk management
• Perform benchmarking on price, cost, and supply chain effectiveness
• Execute cost savings plans and track against targets
• Load and maintain procurement documents on the repository system