Procurement Officer at Nigerian Exchange Group (NGX Group)

About the Job

• The Procurement Officer will support in managing the operational activities of the Unit.
• The Procurement Officer will also be responsible for planning and developing systems, strategies, and procedures that will improve the efficiency of the department.
• He/she would deliver services that meet business requirements, adhere to organisation policies and procedures as well as ensure adherence to Health and Safety standards.
• This position reports to the Team Lead, Procurement.

Responsibilities

• Ensure policy guidelines /steps on procurement are followed.
• Ensure that products and services are delivered as at when due.
• Actively manage the supply chain, collaborate with internal stakeholders and suppliers, critically analyse company spend, and manage supplier risks.
• Ensure all procurement requests are budgeted for.
• Follow the due process in vendor/contractor selection and documentation.
• Carry out the interview of prospective vendors/contractors and negotiate prices with them.
• Process quarterly stock requests and provide procurement reports.
• Carry out market price surveys at least once every quarter and submit reports on Market surveys.
• Maintain a price list quarterly across all items and services procured.
• Identify new opportunities and innovations available in the supply chain.
• Maintain a record of negotiated cost and value additions.
• Work with departments in achieving set goals on various projects in the NGX Exchange.
• Issuance of Purchase Orders.
• Manage relationships with suppliers.
• Manage Change in Contracts with stakeholders involved.
• Prepare Monthly Expenditure Report, Monthly Cost Savings Index and Monthly Supplier Performance Management Dashboard.
• Plan the Cost Optimisation Committee meetings; send out invites for meetings, prepare cost optimisation committee (COC) reports, and file COC Documents.

Desired Competencies and Skill Requirements:

• Comprehensive knowledge and expertise of procurement processes and standards.
• Broad knowledge and understanding of international procurement/supply chain standards.
• Understanding of Finance principles in order to manage the department’s budget.
• Knowledge of Lagos and its environs (advantage).
• Strong Negotiation, Strategic planning, and communication skills.
• Ability to build and maintain strong networks with other admin managers of corporate institutions.

Job Specification
To successfully deliver the above goals, the right candidate must have:

• Minimum of B.Sc / HND in Business Administration / Marketing / Commercial and Engineering related courses.
• Minimum of 2 - 5 years’ experience in a Procurement related field.