Procurement Officer at Nigerian Exchange Group (NGX Group)

Nigerian Exchange Group (NGX Group) is a leading financial market infrastructure provider in Africa, connecting Nigeria, Africa and the world.

We are recruiting to fill the position below:

Location: Lagos, Nigeria
Job type: Full-time

About the Job

The Procurement Officer will support in managing the operational activities of the Unit.
The Procurement Officer will also be responsible for planning and developing systems, strategies, and procedures that will improve the efficiency of the department.
He/she would deliver services that meet business requirements, adhere to organisation policies and procedures as well as ensure adherence to Health and Safety standards.
This position reports to the Team Lead, Procurement.

Responsibilities

Ensure policy guidelines /steps on procurement are followed.
Ensure that products and services are delivered as at when due.
Actively manage the supply chain, collaborate with internal stakeholders and suppliers, critically analyse company spend, and manage supplier risks.
Ensure all procurement requests are budgeted for.
Follow the due process in vendor/contractor selection and documentation.
Carry out the interview of prospective vendors/contractors and negotiate prices with them.
Process quarterly stock requests and provide procurement reports.
Carry out market price surveys at least once every quarter and submit reports on Market surveys.
Maintain a price list quarterly across all items and services procured.
Identify new opportunities and innovations available in the supply chain.
Maintain a record of negotiated cost and value additions.
Work with departments in achieving set goals on various projects in the NGX Exchange.
Issuance of Purchase Orders.
Manage relationships with suppliers.
Manage Change in Contracts with stakeholders involved.
Prepare Monthly Expenditure Report, Monthly Cost Savings Index and Monthly Supplier Performance Management Dashboard.
Plan the Cost Optimisation Committee meetings; send out invites for meetings, prepare cost optimisation committee (COC) reports, and file COC Documents.

Desired Competencies and Skill Requirements:

Comprehensive knowledge and expertise of procurement processes and standards.
Broad knowledge and understanding of international procurement/supply chain standards.
Understanding of Finance principles in order to manage the department’s budget.
Knowledge of Lagos and its environs (advantage).
Strong Negotiation, Strategic planning, and communication skills.
Ability to build and maintain strong networks with other admin managers of corporate institutions.

Job Specification
To successfully deliver the above goals, the right candidate must have:

Minimum of B.Sc / HND in Business Administration / Marketing / Commercial and Engineering related courses.
Minimum of 2 – 5 years’ experience in a Procurement related field.

Application Closing Date
Not Specified.