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Procurement Analyst
3 weeks ago
-Gulf International BankKhobar, Saudi ArabiaPermanent Competitive
- Procurement Analyst
The Procurement Analyst plays a crucial role in optimizing the bank's procurement processes, fostering strong supplier relationships, and ensuring cost-effective and compliant procurement practices. This position requires a detail-oriented individual with strong negotiation skills, market knowledge, and the ability to collaborate effectively with stakeholders across the organization.
- Develop and implement procurement strategies to meet the bank's objectives and requirements.
- Source and evaluate suppliers, negotiate contracts, and manage relationships to ensure cost-effective and timely procurement of goods and services
- Monitor and analyze market trends, dynamics, pricing, and employ analysis tools e.g. SWOT, Kraliij matrix to identify opportunities for cost savings, leverages and process improvements.
- Collaborate with internal stakeholders to understand their procurement needs and provide guidance on best practices and compliance requirements.
- Ensure compliance with procurement policies, procedures, and regulatory requirements throughout the procurement process.
- Manage the procurement documentation, including contracts, purchase orders, and supplier agreements, to maintain accurate records and facilitate audits.
- Identify and mitigate procurement risks, such as supply chain disruptions, price fluctuations, and vendor non-compliance, to ensure business continuity.
- Utilize system and maximize automation opportunities to achieve more efficiencies, an process optimization
**Skills**
**Qualifications, Experience & Skills**
**Qualifications**:
Bachelor's degree (preferred) in Supply Chain, Finance, Marketing or Business. Other recognized post qualification courses related to Strategic Procurement (e.g. CIPS) is preferred as well.
Professional Certifications
CIPS or equivalent is preferred but not required
Experience
1 to 2 years' experience in procurement and suppliers management. Proven experience in interpretation and negotiation of contract, legal and regulatory and commercial supply data
**Skills**:
Business Acumen/Commercial Awareness, Effective Communication, Teamwork & Collaboration
Job ID 1100066188
