Contract & Procurement Officer at Sterling Oil Exploration & Energy Production Company Limited (SEEPCO)

Summary

• To manage and oversee all aspects of contract development, procurement strategies, supplier management, and compliance for goods, services, and works in line with company policy and project requirements
• This role ensures value for money, risk mitigation, and legal compliance across procurement activities.

Key Responsibilities
Contracts Management:

• Develop, review, negotiate, and administer a wide range of contracts (e.g., service agreements, supply contracts, construction contracts).
• Ensure contracts are compliant with legal and regulatory standards.
• Monitor contract execution and enforce terms and conditions.
• Resolve contractual disputes and claims in a timely and cost-effective manner.

Procurement & Sourcing:

• Lead sourcing strategies for key categories of goods and services.
• Ensure transparent, competitive procurement practices aligned with organizational policies.
• Prepare Request for Quotations (RFQs), Request for Proposals (RFPs), and bid evaluation reports.
• Manage procurement planning and supplier prequalification.

Supplier & Vendor Management:

• Identify, evaluate, and onboard new suppliers.
• Maintain strong supplier relationships and conduct periodic performance reviews.
• Negotiate best-value pricing, delivery terms, and service conditions.

Compliance & Risk Management:

• Ensure adherence to procurement guidelines, company policies, and industry regulations.
• Identify and mitigate procurement and contractual risks.
• Maintain proper documentation and audit trails for all procurement activities.

Budget & Cost Control:

• Work with finance and project teams to ensure procurement is aligned with budget forecasts.
• Analyze cost drivers and implement cost-saving initiatives without compromising quality.

Stakeholder Engagement:

• Collaborate with internal departments (engineering, projects, legal, finance) to align procurement strategies with business goals.
• Provide advisory support on contract matters to project teams and senior management.

Key Performance Indicators (KPIs)

• Cost savings achieved through negotiations
• Contract delivery compliance rate
• Supplier performance and risk ratings
• Timeliness of procurement cycle
• Contract dispute resolution success rate.

Requirements
Education & Qualifications:

• Bachelor’s degree in Procurement, Business Administration, Engineering, Law, or related field.
• Relevant certifications (e.g., CIPS, PMP, or equivalent) are highly desirable.

Experience:

• Minimum of 5–8 years’ experience in contract administration and procurement, preferably in the energy, infrastructure, construction, or manufacturing sectors.
• Demonstrated experience managing high-value contracts and tenders.

Skills & Competencies:

• Strong negotiation and analytical skills
• Good understanding of local and international procurement regulations
• Excellent knowledge of contract law, risk assessment, and compliance
• Proficiency in ERP or procurement software (e.g., SAP, Oracle, Coupa)
• Excellent communication and stakeholder management abilities
• Attention to detail and integrity