Procurement Officer

Propel Consult

Bahrain

Posted
Ref: LP127-2706

Job description / Role

Employment: Full Time

We are seeking a dedicated and detail-oriented Procurement Officer in the financial services sector. The successful candidate will be responsible for managing the procurement process, ensuring that our organization acquires goods and services efficiently and cost-effectively. This role requires a strong understanding of procurement practices, excellent negotiation skills, and the ability to build strong relationships with suppliers. The Procurement Officer will play a crucial role in supporting our financial objectives while maintaining compliance with all relevant regulations and standards.

Responsibilities:
- Manage the end-to-end procurement process, including sourcing, negotiating, and purchasing of goods and services to meet organizational needs.
- Develop and implement procurement strategies that align with the company's financial goals and objectives.
- Conduct market research to identify potential suppliers and evaluate their offerings, ensuring the best value for the organization.
- Negotiate contracts and agreements with suppliers, ensuring favorable terms and conditions that support the company's interests.
- Monitor supplier performance and maintain strong relationships with them to ensure timely delivery and quality of products and services.
- Collaborate with internal departments to understand their procurement needs and provide support in the procurement process.
- Ensure compliance with procurement policies, procedures, and legal regulations, maintaining transparency and accountability in all procurement activities.
- Maintain accurate and up-to-date procurement records, including contracts, purchase orders, and supplier information.
- Analyze procurement data and trends to identify opportunities for cost savings and process improvements.
- Prepare and present reports on procurement activities and performance metrics to management and stakeholders.

Requirements:

- Bachelor's degree in Accounting/Finance, MBA/CIPS or a related field.
- Minimum of 5 years of experience in procurement preferably within the financial services industry.
- Strong negotiation and communication skills, with the ability to build relationships with suppliers and internal stakeholders.
- Solid understanding of procurement processes, market dynamics, and supplier management practices.
- Proficiency in procurement software and tools, as well as Microsoft Office Suite, (Excel, Word, PowerPoint),Bloomberg
- Ability to analyze data and make informed decisions based on market research and procurement trends.
- Excellent organizational skills and attention to detail, with the ability to manage multiple priorities and deadlines.
- Strong ethical standards and commitment to maintaining compliance with procurement regulations and policies.
- Fluency in English is required; knowledge of Arabic is an advantage.
- A proactive and results-oriented mindset, with a focus on continuous improvement and innovation in procurement practices.

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties.

We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more.

Concentrating our resources has created 5 distinct specialist divisions:

  • Banking & Finance
  • Human Resources
  • Oil & Gas
  • Construction
  • Architecture & Engineering

Candidates who applied for this job also applied for
Procurement Manager Easy Apply
Propel Consult
Bahrain 12 Jan
Procurement Officer Easy Apply
Elbait Consultants
Dubai 20 Dec
Procurement Manager Easy Apply
NSR Associates
Bahrain 2 Feb
Procurement Officer Easy Apply
Sembol Construction
Dubai 4 Feb
Procurement Officer Easy Apply
Veolia
Ruwais Industrial City 20 Dec
Job Alerts by Email
  • Personalised updates on latest career opportunities
  • Insights on hiring and employment activity in your industry
  • Typically sent twice a month