FairMoney is building the leading mobile bank for emerging markets. We started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.
We are recruiting to fill the position below:
Job Title: Head of Procurement
Location: Lagos
Job Summary
- The Head of Procurement will be responsible for developing and implementing procurement strategies to optimize costs, ensure supplier quality, and drive operational efficiency.
- This role involves overseeing all procurement activities, managing vendor relationships, ensuring compliance with regulatory requirements, and aligning procurement functions with the company’s strategic objectives.
Key Responsibilities
Strategic Procurement Management:
- Develop and implement procurement policies, procedures, and strategies to optimize spending and enhance operational efficiency.
- Align procurement activities with FairMoney’s financial and business objectives, ensuring cost savings and value creation.
- Lead negotiations with suppliers to secure the best terms, pricing, and service levels.
- Identify and mitigate procurement-related risks, including supplier reliability, regulatory compliance, and market fluctuations.
Vendor and Supplier Management:
- Establish and manage strong relationships with key suppliers and vendors to ensure the timely and cost-effective delivery of goods and services.
- Evaluate and categorize suppliers based on strategic importance, quality, and risk exposure.
- Implement supplier performance management processes, including key performance indicators (KPIs) and regular assessments.
Operational and Compliance Oversight:
- Ensure that procurement processes comply with internal policies, financial controls, and regulatory requirements.
- Collaborate with Finance and Legal teams to review and approve contracts, ensuring transparency and risk mitigation.
- Develop and oversee procurement budgets and spending forecasts, ensuring cost-effective purchasing decisions.
Team Leadership and Development:
- Build, train, and manage a high-performing procurement team, fostering a culture of efficiency and continuous improvement.
- Provide guidance and coaching to procurement staff, ensuring alignment with business priorities and best practices.
- Promote ethical procurement practices and adherence to corporate governance policies.
Technology and Process Optimization:
- Leverage procurement technology and automation tools to improve procurement efficiency and reporting.
- Monitor industry trends and emerging best practices to enhance FairMoney’s procurement strategy.
- Implement and maintain supplier management and e-procurement systems for streamlined operations.
Requirements
- Bachelor’s degree in Procurement, Supply Chain Management, Business Administration, Finance, or a related field.
- Professional certification (e.g., CIPS, CPSM, PMP) is a strong advantage.
- Minimum of 5 years of experience in procurement
- Experience in the financial services or banking sector is preferred.
- Strong knowledge of procurement best practices, contract negotiation, and supplier management.
- Proficiency in procurement software and ERP systems (NetSuite experience is a plus).
- Excellent leadership, negotiation, and stakeholder management skills.
Key Competencies:
- Cost management and budgeting
- Risk assessment and mitigation
- Relationship management and negotiation skills
- Regulatory compliance and governance
- Strong analytical and problem-solving abilities.
Benefits
- Private Health Insurance
- Pension Plan
- Paid Time Off
- Training & Development.
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should:
Click here to apply online
Recruitment Process
- A screening interview with one of the members of the Talent Acquisition team
- Technical Interview with the Chief Financial Officer.