Sr. Procurement Specialist

4 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia geidea Full time

Responsible for participating in group-wide procurement activities, particularly leading technology procurement, including the day-to-day operations, delivery follow-ups, and supplier relationship management.

Key accountabilities and decision ownership:

Review and Process Purchase Requisitions:

  • Evaluate all approved technology-related purchase requisitions within the SAP system.
  • Convert approved requisitions into purchase orders, adhering to procurement policies and standard operating procedures (SOPs).
  • Sourcing for renowned technical suppliers in local and global markets
  • Identify, evaluate, and select technology vendors and suppliers, ensuring they meet the organization's technical and compliance requirements.
  • Develop and maintain strong relationships with strategic technology suppliers in the market, to ensure optimal performance and value

Contract Negotiation and Management:

  • Negotiate contracts with technology vendors, focusing on cost-effective pricing, and service level agreements (SLAs).
  • Basic legal review of vendor contracts in terms of favorable terms as well as technical / compliance requirements
  • Monitor key existing contracts, facilitating timely renewals or terminations, as needed.

Delivery and Implementation Oversight:

  • Ensure timely delivery and implementation of technology products and services, coordinating with internal IT teams and external suppliers.
  • Address and resolve any issues related to technology deliveries or implementations promptly.
  • Collaborate with the finance team to ensure accurate budgeting, forecasting, and timely payments to technology suppliers.

Risk Management and Compliance:

  • Identify potential risks in technology procurement and develop mitigation strategies.
  • Ensure all procurement activities comply with relevant legal and regulatory requirements, as well as internal policies.

Process Improvement and Automation:

  • Recommend and assist in implementing automation and integration opportunities to enhance procurement workflows and processes.

Must have technical / professional qualifications :

  • 5+ years of experience in procurement, with at least 2 years in technology-related procurement.
  • Banking sector or IT background experience is preferred
  • Should be experienced with technical RFIs / RFPs & bidding / tendering, regulatory requirements for vendor registration & screening, and technical / commercial scorecard (evaluation)
  • CIPS certificate or procurement/supply chain certificate is preferred
  • Strong understanding of technology products and services, including software, hardware, and IT services.
  • Proficiency in SAP or similar enterprise resource planning (ERP) systems.
  • Preferred to have experience with introducing procurement software
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