Procurement Manager
Location: Lagos
Employment Type: Full-time
Job Objective
- The Procurement Manager is responsible for developing and executing procurement strategies that ensure cost effective, timely, and compliant acquisition of goods, services, and assets required for downstream operations.
- The role ensures alignment of procurement activities with financial policies, budgetary controls, and operational needs,while building strong vendor relationships and safeguarding company value.
Duties and Responsibilities
Procurement Strategy & Planning:
- Develop and implement procurement policies, procedures, and strategies in alignment with company goals.
- Support financial planning by providing input on procurement forecasts and budgets.
- Identify cost-saving opportunities through supplier negotiations, contract optimization, and sourcing alternatives.
Vendor & Contract Management:
- Manage supplier selection, qualification, and performance evaluation.
- Negotiate favourable terms, conditions, and pricing agreements with vendors.
- Ensure timely contract execution, renewal, and close-out in compliance with company standards.
- Maintain an updated and approved vendor database.
Sourcing & Purchase Execution:
- Oversee preparation of purchase requisitions, RFQs, bid evaluations, and purchase orders.
- Ensure goods and services are sourced at competitive prices without compromising quality.
- Track delivery schedules and resolve issues with late or non-conforming supplies.
Compliance & Risk Management:
- Ensure procurement activities comply with company policies, legal requirements, and auditstandards.
- Collaborate with QHSE, Legal, and Compliance teams to ensure supplier contractsmeet regulatory obligations.
- Monitor supplier adherence to ethical sourcing, anti-bribery, and corporate governance policies.
Cost Control & Reporting:
- Monitor procurement spending against budgets and identify cost-optimization opportunities.
- Prepare periodic reports on procurement performance, supplier performance, and savings achieved.
- Provide insights on market trends, price movements, and risk factors affecting procurement.
Stakeholder Engagement:
- Partner with Operations, Engineering, and other teams to understand procurement needs and specifications.
- Act as liaison between Finance and other departments to streamline approval and payment processes.
- Support cross-functional project teams with timely procurement of project-critical items.
Skills and Competencies:
- Contract Negotiation Communication
- Vendor Relationship Strategic Sourcing
- Cost Analysis
- Budgeting
Qualifications
Required:
- Bachelor’s Degree in engineering, Economics, Quantity Surveying, or related field
- Possession of a professional accreditation in Procurement (like CIPS) is an added advantage
- Minimum of 7 years of relevant experience in same/similar role
- Best Practices in Supply Chain Management, Procurement Process Development, Global Sourcing and International Business Knowledge
- Experience in ERP system with focus on Procurement
- Similar industry experience (downstream oil and gas) will be an added advantage.
Application Closing Date
Not Specified.
Method of Application
Interested and qualified candidates should send teir CV to: favour.a@fadacresources.com using the job title as the subject of the mail.