Procurement

7 days ago

Makkah Al Mukarramah, Saudi Arabia Bupa Arabia Full time

**Cost Management**
- Identify and analyse cost drivers to lower the company expenditures and maximize total value.
- Driving cost reduction initiatives & generating new ideas which address issues and tackle the underlying causes of problems.
- Proactive analysis of variances and communication of issues and opportunities to the finance operation director.
- Manage the transition from the existing cost environment to a new standard cost process.

**Company Procurement**
- Help identify procurement requirements within the company in terms of volume and specification to ensure that better prices, greater discounts and more agreeable terms can be obtained.
- Support the development and improvement of comprehensive procurement policy and processes.
- Ensure that the tendering process is managed in compliance with procurement polices & procedures.
- Mange communication with finance reporting team to ensure accurate and timely payment of invoices, as necessary for the business with the supplier.
- Develop and extend supplier relationships to deliver increased value to the company business.
- Ensure that procurement is controlled by continuous challenge identify savings opportunities and monitor actual savings against plan.
- Assist department in developing and implementing purchasing strategies to ensure quality and competitive pricing.

**Reporting & Monitoring**:

- Assists management with building an annual operating budget for the company.
- Supervise monthly reporting of OPEX against budget and highlight issues / variances to top management.
- Assist in monitoring budget versus actual figures and works with cost centre managers to develop strategies to maximize budget efficiencies.
- Mange & facilitating the annual budget upload process into the general ledger.
- Producing regular reports and advising management promptly of any forecast cost over/under run, with recommendation for corrective plan

**Communication & Leadership**
- The ability to communicate financial information needed to plan, evaluate and control the organization’s operating cost.
- Ability to establish and maintain effective working relationships with department managers and other stakeholders.
- Ability to demonstrate strong leadership and preferably experience in leading team members.

**Skills**:
**Years of Experience**
- Minimum experience of 8 years in cost management, purchasing and cost control.

**Skills Required (Technical/Managerial)**
- University degree in Finance, business administration
- Strong Knowledge in financial reporting and accounting and ability to prepare complete and accurate budget reports.
- Strong knowledge in cost management, Forecasting, Budgeting.
- Strong knowledge of the purchasing standards.
- Good knowledge in commercial environment.

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