Associate/AVP, Procurement Specialist

1 week ago

Singapore GIC Private Limited Full time

Job Function: Corporate Administration and Infrastructure Department
Job Type: Permanent
GIC is one of the world’s largest sovereign wealth funds. With over 2,000 employees across 11 offices around the world, we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the world’s industry leaders. As a leading global long-term investor, we work at the Point of Impact for Singapore’s financial future and the communities we invest in worldwide.
Corporate Administration and Infrastructure Department
We strive to provide the best work environment for our employees to enable them to deliver their best performance.
Enterprise Sourcing and Procurement
The Enterprise Sourcing & Procurement (ESP) team of the Corporate Administration & Infrastructure Department (CAID) provides strategic advice and supports GIC’s procurement needs that ensure compliance and maximize value without compromising quality.
What impact can you make in this role?
You will be empowered to deliver real tangible value and savings through strategic sourcing, so GIC can use its joint purchasing power to extract the best possible value from the marketplace. You will also help to ensure that GIC sources its goods and services from vendors and service providers with responsible and sustainable business practices to safeguard GIC’s reputation.
We are looking for a Procurement Specialist who will be responsible for managing and driving the procurement process to support GIC’s business needs. This role requires a person who is adaptable across different categories and possesses the ability to build relationships with both the business and key suppliers.
What will you do as a Procurement Specialist?
Develop and implement strategic sourcing plans with the stakeholders
Lead the end-to-end procurement process by collaborating across different teams, including stakeholders, finance, legal, and technology
Support stakeholders throughout the process, which includes development of procurement documents, managing the entire tender process, contracting, and finance-related operations
Develop negotiation strategies to extract the best value
Build strong understanding and relationships with the business and key suppliers
Proactively analyze spend data to improve performance and identify cost-saving opportunities
Ensure compliance with procurement policy and vendor risk framework
What qualifications or skills should you possess in this role?
At least 7 years of relevant experience in sourcing and procurement
Degree in business and finance or equivalent
Strong skills in project and relationship management
Familiarity and experience in category management, procurement and sourcing, contract and commercial negotiation, as well as financial and contract management
Excellent in change management, risk management, and vendor management
High technology aptitude, result-oriented, and a strong team player
Work at the Point of Impact
We need to be forward-looking to attract the right people to help us become the Leading Global Long-term Investor. Join our ambitious, agile, and diverse teams - be empowered to push boundaries and pursue innovative ideas, share your views, and be heard. Be anchored on our PRIME Values: Prudence, Respect, Integrity, Merit, and Excellence, which guide us in how we make our day-to-day decisions. We strive to inspire and make an impact.
Flexibility at GIC
At GIC, our offices are vibrant hubs for ideation, professional growth, and interpersonal connection. We believe that flexibility allows us to do our best work and be our best selves. Thus, our teams come into the office four days per week to harness the benefits of in-person collaboration, but have the flexibility to choose which days they work from home and adjust this arrangement as situational needs arise.
GIC is an equal opportunity employer
GIC is an equal opportunity employer, and we value diversity. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.
Please email at any point of the application or interview process if adjustments need to be made due to a disability.
Learn more about our Corporate Administration & Infrastructure Department here:
Corporate Administration & Infrastructure Department
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