Assistant VP, Procurement

About the Role

You will lead the Group's procurement strategy, delivering commercial value through strategic sourcing, supplier management, operational excellence, and governance. Leading a team of 5 to 7 professionals, you will drive procurement transformation, optimize enterprise spend, and partner with senior leadership to achieve sustainable business outcomes.

Responsibilities

• Establish the medium to long-term strategy of the Group's Procurement function to achieve cost effective outcomes. This may require a transformation of current procurement strategies, policies and practices.
• Scan latest market developments and incorporate best practices to reduce expenses and improve productivity and organizational effectiveness.
• Review major procurement contracts; coordinate contract compliance, change orders and problem resolution, complying with contract law; and in consultation with legal counsel as required.
• Establish, implement and review purchasing standards, controls, policies and procedures.
• Drive quantifiable improved earnings through savings.
• Ensure proper governance of all procurement transactions and serve as main interface with external regulatory bodies where necessary.
• Establish, build and maintain relationships with all key suppliers, and identify opportunities to consolidate with a view towards overall cost reduction and improvements in service delivery.
• Drive operational procurement execution by leading major sourcing initiatives and complex commercial negotiations, ensuring timely delivery of key purchases, cost competitiveness and effective risk management.
• Review or enhance data analytics to define opportunities to reduce cost/spend levels, model financial and accounting impacts.
• Engage senior leadership to support strategic procurement initiatives and suggested recommendations.
• Provide leadership to the Procurement Department, accountable for the performance of the department, and exercise full management responsibilities.
• Manage and upgrade the skills and competencies of staff as required.
• Develop, implement, manage and monitor department's overall budget.

Requirements

• Bachelor's degree in business administration, Supply Chain Management, Economics, Finance, Operations, Engineering or other related disciplines.
• Minimum 10 years leadership experience in global procurement or supply chain function.
• Demonstrated good track record in negotiating and managing global vendor accounts, developing and implementing best in class procurement strategies/practices and deriving cost effective solutions for the company.
• Excellent stakeholder management with ability to communicate and collaborate at all levels.
• Possess good leadership skills, and demonstrated ability to drive results
• Experience in transformation especially in the areas of people and process change management.