Procurement Lead @Fairmoney

Job Description

Description

About the company

FairMoney is a pioneering mobile banking institution specializing in extending credit to emerging markets. Established in 2017, the company currently operates primarily within Nigeria, and it has secured nearly €50 million in funding from renowned global investors, including Tiger Global, DST, and Flourish Ventures. FairMoney maintains a strong international presence, with offices in several countries, including France, Nigeria, Germany, Latvia, the UK, Türkiye, and India.

In alignment with its vision, FairMoney is actively constructing the foremost mobile banking platform and point-of-sale (POS) solution tailored for emerging markets. The journey began with the introduction of a digital microcredit application exclusively available on Android and iOS devices. Today, FairMoney has significantly expanded its range of services, encompassing a comprehensive suite of financial products, such as current accounts, savings accounts, debit cards, and state-of-the-art POS solutions designed to meet the needs of both merchants and agents.

To gain deeper insights into FairMoney’s pivotal role in reshaping Africa’s financial landscape, we invite you to watch this informative video.

About The Role:

We are seeking a dynamic and results-oriented Procurement Lead to join our team. This role will focus on driving cost savings and optimizing procurement strategies on a global scale. The ideal candidate will have extensive experience in contract negotiation, supplier management, and strategic sourcing.

Key Responsibilities:

• Cost Savings Initiatives:
• Develop and implement strategies to achieve significant cost reductions across all procurement categories.
• Contract Management:
• Lead the renegotiation of existing contracts to secure more favorable terms, conditions, and pricing structures.
• Supplier Relationship Management:
• Build and maintain strong relationships with suppliers to foster collaboration and drive performance improvements.
• Global Sourcing Strategy:
• Identify and evaluate potential suppliers globally, ensuring alignment with company goals and objectives.
• Market Analysis:
• Conduct thorough market research to stay informed about industry trends, pricing fluctuations, and new sourcing opportunities.
• Cross-Functional Collaboration:
• Work closely with internal stakeholders, including finance, operations, and product development, to align procurement strategies with business needs.
• Performance Metrics:
• Establish and monitor key performance indicators (KPIs) for procurement activities, ensuring continuous improvement and accountability.
• Risk Management:
• Identify and mitigate potential risks within the supply chain, ensuring business continuity.

Requirements

Qualifications:

• Bachelor’s degree in Business, Supply Chain Management, or a related field; MBA preferred.
• 7+ years of experience in procurement, with a focus on cost savings and contract negotiation.
• Proven track record of achieving significant cost reductions in a global context.
• Strong analytical skills and experience with procurement software and tools.
• Excellent negotiation and communication skills.
• Ability to work in a fast-paced, cross-cultural environment.
• Proficiency in [relevant languages] is aQualifications:

Benefits

• Competitive salary.
• Comprehensive benefits package.

• Pension Plan
• Opportunities for professional development and career advancement.
• A collaborative and innovative work environment.
• Paid Time Off