Our client is an industry leader in Fintech business that gives the emerging consumer access to affordable and reliable financial services. Their foundation is built on international money transfers – helping you to move money into, out of, and around Africa.About Us:Deka Minas is the world's first subscription based professional services company. Our main lines of business are Human Capital Advisory and Recruitment Services in Sub-Saharan Africa, The Middle East and Southeast Asia.DescriptionJob purpose:Reporting directly to the Head of Commercial Finance, the Group Purchasing Manager is responsible for strategically sourcing and managing procurement to optimize costs, ensure quality, and support the company's growth.Key Performance Areas/ CapabilitiesEnsure compliance of supplier onboarding processEnsure due diligence of supplier & SP (service providers) screening (AML - anti money laundering)Ensure due diligence of Procure-to-pay (P2P) processes relating to spend management software, PO Cycles, Invoice administration, sourcing of goods and services (group buying)Ensure full due diligence of blanket purchase orders for recurring spendPartner with the finance team to provide monthly reports on open purchase orders to assist with the close process to recognize accruals and prepaymentsDrive cash reserve initiatives with the negotiation of 30-day payment terms for SLA suppliers, to have a positive impact on treasury cash reservesAssess the financial viability of potential suppliers, utilizing various financial metrics, with significance on Return on Investment (ROI) and Acid Test RatiosPrepare B-BBEE data for preferential procurement elementsPrepare top send supplier reports to drive opportunities for cost savings and contract renegotiationsManage, track & report on RFI (Request for Information), RFQ (Request for Quote) & RFP (Request for Proposal) group processesPrepare reports on P2P cycle efficiencies and possible areas of improvementPrepare monthly cost savings reports for the group across RFQ sourcing activities & contract savings opportunitiesStreamline procurement processes to enhance efficiency and effectiveness through:Understanding the current procurement landscapeImplementing technology solutionsStandardizing processesEnhancing supplier collaborationTraining and DevelopmentPerformance Measurement and Continuous ImprovementFostering a culture of innovationEnsure full compliance with all internal procedures and policies relating to procurementAdhere to regulatory & legal procurement practicesEnhance and lead team performance through clear performance metrics and KPIsFoster a collaborative and high-performance team environment by enhancing problem-solving capabilities and innovative sourcing strategiesQualificationsBachelor's degree or Advanced DiplomaA relevant tertiary qualification in Procurement CIPS certified – Level 5/6ExperienceExperience in a similar role within a Procurement & Purchasing department, ideally within a FinTech or Financial industry sector, specializing in Indirect Procurement activitiesExperience with Procure-to-Pay Software, preferably FraxionExperience with PEP (Product Engineering Processes) in order to enhance the efficiency of procurement processesProven experience in Procurement in African countriesRisk mitigation processes and tracking: Identify potential risks within the supply chain to mitigate disruptions (supplier risks, market volatility, and other vulnerabilities)Experience in Cost Management:Analyzing expenses throughout the procurement process (e.g., sourcing through delivery, identifying savings opportunities, ensuring value for money in all purchases by the organization)Sustainability procurement practices experienceB-BBEE experience – Preferential procurement, Supplier and enterprise developmentExperience with stakeholder engagement and supplier onboarding due diligence processes – AMLAble to manage full Request for Proposal processes and scorecard scoring, tracking, and reportingExperience and understanding of compliance policies, practices, and regulations in Africa
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