Senior Contracts & Procurement Specialist 16M26

The Senior Contracts & Procurement Specialist is a critical member of the procurement team responsible for overseeing and managing all contracting and procurement activities within the organization. This role demands a strategic thinker who can efficiently handle complex procurement processes and ensure compliance with industry standards and organizational policies. The Specialist will lead negotiations, conduct risk assessments, and facilitate vendor relationships to secure agreements that are financially favorable and aligned with the organizational goals. With a keen eye for detail and exceptional organizational skills, the ideal candidate will drive efficiencies throughout the entire procurement cycle. The role requires an understanding of legal frameworks, procurement practices, and market trends to advise on and implement best practices. The Specialist will work collaboratively with departments across the organization to support their contracting needs, delivering value through improved procurement strategies and supplier management.

Responsibilities

• Develop and execute procurement strategies that align with organizational objectives.
• Lead and manage competitive bidding processes, ensuring transparency and fairness.
• Conduct comprehensive risk assessments for potential new vendors or contracts.
• Negotiate contract terms and conditions to secure the most advantageous agreements.
• Ensure compliance with all applicable laws, regulations, and organizational policies.
• Manage supplier relationships to maintain service quality and performance standards.
• Analyze market trends to identify cost-saving opportunities and innovative solutions.
• Prepare detailed reports on procurement activities, performance, and areas for improvement.
• Collaborate with internal stakeholders to understand and fulfill their procurement needs.
• Resolve issues related to supplier performance, contract disputes, or delivery concerns.
• Develop training programs to enhance contract management and negotiation skills.
• Oversee the maintenance of contract documentation and procurement records.

Requirements

• Bachelor’s degree in Business Administration, Procurement, or a related field.
• A minimum of five years of experience in procurement or contract management.
• Strong negotiation skills and the ability to influence stakeholders effectively.
• Proficient understanding of legal contracts, terms, and compliance requirements.
• Excellent analytical skills with the ability to analyze market and financial data.
• Highly organized with exceptional attention to detail in managing contracts.
• Experience in using procurement software and ERP systems effectively.