Procurement Specialist at Cellulant

Role Overview

• The Specialist: Procurement supports the Head, Supply Chain Management in leading strategic sourcing activities, managing supplier relationships, and ensuring cost-effective procurement of goods and services in alignment with organizational goals.
• The role involves developing procurement strategies, negotiating contracts, overseeing compliance with internal policies and external regulations, plus supporting cross-functional teams to meet business needs optimally.

Key Responsibilities
Procurement Management:

• Assess purchase requirements in line with budgetary requirements.
• Carry out sourcing activities per the process as documented in the Procurement manual and policy document.
• Contribute to the development and formulation of purchasing procedures and practices as required.
• Carry out purchase negotiations within budgetary confines.
• Purchase order generation, via NetSuite, issuance to vendor and purchase receipts processing.
• Monitor order fulfilment timelines and other terms and conditions as agreed.
• Participation in specialized projects and assignments related to procurement, as required.
• Provide advice and guidance to internal customers on procurement matters as well as on relevant processes and terms.
• Arrange for samples, testing and evaluation of new products plus securing sample approval.
• Perform spend management in compliance to the Financial Delegation of Authority document.

Global Office Operations:

• Carry out vendor onboarding / due diligence in accordance with approved Procurement policies and procedures.
• Review and process invoices for payment as well as facilitate vendor accounts’ reconciliation
• Carry out vendor site visitations as part of modalities to ensure operational efficiency.
• Supports and builds relationships with other business/service partners, third party Suppliers and other external parties as applicable.
• Participate in vendor contract reviews.
• Support the vendor performance process.

Special Projects:

• Procurement Digital Transformation: Leading the implementation of e-procurement systems or automation tools to improve efficiency, transparency, and spend visibility.
• Supplier Consolidation & Cost Optimization Initiative: Analyzing the supply base to identify opportunities for vendor rationalization, bulk purchasing, and contract renegotiation for savings.
• Procurement Compliance for Regulatory Audits: Ensuring procurement processes meet industry regulations (e.g., PCI DSS, GDPR, SOC2) and are audit-ready—especially for high-risk services like payment processing or data hosting.

Documentation & Audit Readiness:

• Maintain End-to-End Vendor Documentation:
  Ensure every vendor engagement—from onboarding to contract execution—has full records, including risk assessments, NDAs, compliance certificates (e.g. SOC2, PCI DSS).
• Standardize Procurement Records for Traceability:
  Use secure, version-controlled systems (e.g. shared drives, procurement tools) to log and track purchase decisions, approvals, and communication trails.
• Ensure Regulatory Alignment (e.g., GDPR, CBN, FCA):
  Validate that procurement documentation supports fintech-specific regulations—especially around data protection, financial controls, and vendor due diligence.
• Audit Preparation and Response:
  Proactively gather audit-ready documentation (P.O.s, spend justifications, vendor SLAs, delivery notes and so on) and assist risk, compliance, or finance teams during internal or statutory audits.
• Maintain and Update Compliance Checklists:
  Regularly review and refine procurement checklists to reflect evolving fintech compliance needs—such as updated KYC/AML requirements.

Requirements

• Bachelor’s Degree in Procurement & Supply Chain Management, Business Administration, Finance, Economics, or a related field.
• Minimum of 5 years core experience with procurement in the service industry.
• Strong understanding of procurement policies and regulatory frameworks – especially within the fintech or financial services sector
• Experience with contract negotiation and vendor performance management – to drive value and mitigate risk.
• Familiarity with procurement systems and ERP tools – such as Oracle NetSuite for efficient sourcing and spend tracking.
• Knowledge of supply chain dynamics and cost optimization strategies
• Exposure to audit processes and documentation best practices – ensuring compliance and readiness for internal or external reviews.
• Ability to collaborate with cross-functional teams – including Legal, Finance, IT, and Risk, to align sourcing strategies with business goals.
• Professional certifications – such as MCIPS, PMP, or Six Sigma, which signal competence in strategic procurement and process improvement.

Essential Skills:

• Contract Management
• Financial Acumen
• Analytical Thinking
• Regulatory & Compliance Awareness
• Communication & Stakeholder Management
• Process Improvement
• Strategic Sourcing & Negotiation

Personal attributes:

• Exceptional attention to detail with a proactive, problem-solving mindset.
• Ability to work both independently and as part of a team in a fast-paced environment.
• Strong time management skills and ability to prioritize tasks effectively.
• Amiable, self-starter with the ability to work under pressure and meet tight deadlines.
• Adaptable to change and open to taking on new challenges.