Commodity Specialist at Nedbank

Job Purpose

• To analyse; identify; source; negotiate and manage the procurement process while mitigating risks and ensuring regulatory compliance and develop and implement commodity strategies aligned with Group's strategy and build relationship with stakeholders.

Job Responsibilities

• Analyse trends by reviewing management information.
• Assisting stakeholders with budget forecasting by providing commodity information.
• Identifying opportunities to develop sourcing strategy that will result in cost saving by benchmarking and negotiating with internal and external stakeholders.
• Ensure that preferential procurement BBBEE targets are aligned to the Financial Sector Charter (FSC) as determined by the Department of Trade and Industry code of good practice.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives.
• Participate and support corporate social responsibility initiatives for the achievement of key business strategies.
• Identify and recommend opportunities to enhance processes; systems and policies and support implementation of new processes; policies and systems.
• Develop and maintain policies by understanding and collaborating with stakeholders to determine practical processes.
• Mitigating risks by ensuring that policies and regulatory and industry governance requirements are adhered to.
• Selection of preferred suppliers by conducting a tender or quotation process.
• Drafting and signing of contracts by liaising with Group Legal and stakeholders.
• Ensuring SLA's are met through end to end management of the contract (includes supplier relationship and performance management).
• Measure local procurement and environmental objectives against Nedbank's transformational objectives by conducting surveys or reviewing management information.
• Identifying business requirements by engaging with internal stakeholders to understand business needs.
• Collaboration with stakeholders to implement the sourcing strategy by coordinating workshops; presentations and meetings.
• Exchange of information between stakeholders to achieve the procurement objective by sharing management information.
• Manage and maintain internal and external stakeholder relationships by conducting regular engagements. Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters; websites and attending sessions.
• Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders.
• Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.
• Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed; experience practiced and certifications obtained and/or maintained within specified time frames.
• Ensure information is provided correctly to stakeholders by maintaining knowledge sharing knowledge with team.

People Specification

• Essential Qualifications - NQF Level
• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• CIPS, MCIPS

Essential Certifications
Preferred Certifications
Type of Exposure

• Working with a group to identify alternative solutions to a problem.
• Managing conflict situations
• Sharing information in different ways to increase stakeholders understanding
• Comparing two or more sets of information
• Review cost against a budget
• Capturing data
• Building and maintaining effective relationships with internal and external stakeholders
• Managing customer expectations
• Interacting with suppliers
• Working in a fast-paced environment

Minimum Experience Level

• 3 years' experience within the Short Term Insurance procurement space (preferably Non-Motor / Home Owners).

Technical / Professional Knowledge

• Administrative procedures and systems
• Banking knowledge
• Banking procedures
• Business principles
• Business terms and definitions
• Data analysis
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Governance, Risk and Controls
• Behavioural Competencies
• Decision Making
• Continuous Improvement
• High-Impact Communication
• Managing Work
• Sustaining Customer Satisfaction
• Technical/Professional Knowledge and Skills