Procurement Officer

Job title: Procurement Officer

Company: Innovations Group

Job description: Responsibilities:Maintain vendor repository and periodically review for contract renewals and take required actionsMaintain vendor database with all vendor information about services offered including costHandle all stakeholders’ requests on procurement needs and provide response to stakeholders on a timely basisReview and update the suppliers & vendors database (current & potential) and ensure availability of potential suppliers when neededManage supplier/provider relationships and participate in acquiring new potential suppliers through market researchMaintain relationships with suppliers, handle complaints, and communicate updates.Track payments made to vendors based on contractual agreements and keeping the evidence for recordsEnsure compliance and investigation processes for new suppliers and obtain necessary approvals from compliance and legal departments. Ensure invoices, bills, payments, and prices adhere to the bank’s contracts, approvals, SLA, MSA, and POCompare supplier proposals during new contract / renewals and recommend whether to retain current suppliers or establish contracts with new onesMonitor contract expiry dates and find cost-effective alternativesProvide weekly updates with tasks and progress to direct ManagerEstablish vendor governance and create vendor documents wherever applicableCarry out any back up or rotation function, as deemed required, as per the direct manager and COO directions from time to time.Required SkillsBachelor’s degreeMinimum 5 years of experience in procurement departmentKnowledge of banking applications, technologies and vendor contacts is preferredGood in English and/or Arabic

Expected salary: 6000 – 9000 per month

Location: Dubai

Job date: Sun, 29 Jun 2025 03:35:05 GMT

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