Procurement Manager at Fadac Resources

Job Objective

• The Procurement Manager is responsible for developing and executing procurement strategies that ensure cost effective, timely, and compliant acquisition of goods, services, and assets required for downstream operations.
• The role ensures alignment of procurement activities with financial policies, budgetary controls, and operational needs,while building strong vendor relationships and safeguarding company value.

Duties and Responsibilities
Procurement Strategy & Planning:

• Develop and implement procurement policies, procedures, and strategies in alignment with company goals.
• Support financial planning by providing input on procurement forecasts and budgets.
• Identify cost-saving opportunities through supplier negotiations, contract optimization, and sourcing alternatives.

Vendor & Contract Management:

• Manage supplier selection, qualification, and performance evaluation.
• Negotiate favourable terms, conditions, and pricing agreements with vendors.
• Ensure timely contract execution, renewal, and close-out in compliance with company standards.
• Maintain an updated and approved vendor database.

Sourcing & Purchase Execution:

• Oversee preparation of purchase requisitions, RFQs, bid evaluations, and purchase orders.
• Ensure goods and services are sourced at competitive prices without compromising quality.
• Track delivery schedules and resolve issues with late or non-conforming supplies.

Compliance & Risk Management:

• Ensure procurement activities comply with company policies, legal requirements, and auditstandards.
• Collaborate with QHSE, Legal, and Compliance teams to ensure supplier contractsmeet regulatory obligations.
• Monitor supplier adherence to ethical sourcing, anti-bribery, and corporate governance policies.

Cost Control & Reporting:

• Monitor procurement spending against budgets and identify cost-optimization opportunities.
• Prepare periodic reports on procurement performance, supplier performance, and savings achieved.
• Provide insights on market trends, price movements, and risk factors affecting procurement.

Stakeholder Engagement:

• Partner with Operations, Engineering, and other teams to understand procurement needs and specifications.
• Act as liaison between Finance and other departments to streamline approval and payment processes.
• Support cross-functional project teams with timely procurement of project-critical items.

Skills and Competencies:

• Contract Negotiation Communication
• Vendor Relationship Strategic Sourcing
• Cost Analysis
• Budgeting

Qualifications
Required:

• Bachelor’s Degree in engineering, Economics, Quantity Surveying, or related field
• Possession of a professional accreditation in Procurement (like CIPS) is an added advantage
• Minimum of 7 years of relevant experience in same/similar role
• Best Practices in Supply Chain Management, Procurement Process Development, Global Sourcing and International Business Knowledge
• Experience in ERP system with focus on Procurement
• Similar industry experience (downstream oil and gas) will be an added advantage.