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Procurement Specialist at Cellulant Nigeria

Posted on Thu 31st Jul, 2025 - hotnigerianjobs.com --- (0 comments)


Cellulant is Africa’s no.1 company in the payments & transfers category - FIntech Awards 2016. We are a PPISP (Payment Platform Infrastructure Service Provider) regulated by the Central Bank of Nigeria (CBN) and insured by Nigerian Deposit Insurance Corporation (NDIC).

We are recruiting to fill the position below:

Job Title: Procurement Specialist

Location: Lagos
Employment type: Full-time
Category: Finance

Role Overview

  • The Specialist: Procurement supports the Head, Supply Chain Management in leading strategic sourcing activities, managing supplier relationships, and ensuring cost-effective procurement of goods and services in alignment with organizational goals.
  • The role involves developing procurement strategies, negotiating contracts, overseeing compliance with internal policies and external regulations, plus supporting cross-functional teams to meet business needs optimally.

Key Responsibilities
Procurement Management:

  • Assess purchase requirements in line with budgetary requirements.
  • Carry out sourcing activities per the process as documented in the Procurement manual and policy document.
  • Contribute to the development and formulation of purchasing procedures and practices as required.
  • Carry out purchase negotiations within budgetary confines.
  • Purchase order generation, via NetSuite, issuance to vendor and purchase receipts processing.
  • Monitor order fulfilment timelines and other terms and conditions as agreed.
  • Participation in specialized projects and assignments related to procurement, as required.
  • Provide advice and guidance to internal customers on procurement matters as well as on relevant processes and terms.
  • Arrange for samples, testing and evaluation of new products plus securing sample approval.
  • Perform spend management in compliance to the Financial Delegation of Authority document.

Global Office Operations:

  • Carry out vendor onboarding / due diligence in accordance with approved Procurement policies and procedures.
  • Review and process invoices for payment as well as facilitate vendor accounts’ reconciliation
  • Carry out vendor site visitations as part of modalities to ensure operational efficiency.
  • Supports and builds relationships with other business/service partners, third party Suppliers and other external parties as applicable.
  • Participate in vendor contract reviews.
  • Support the vendor performance process.

Special Projects:

  • Procurement Digital Transformation: Leading the implementation of e-procurement systems or automation tools to improve efficiency, transparency, and spend visibility.
  • Supplier Consolidation & Cost Optimization Initiative: Analyzing the supply base to identify opportunities for vendor rationalization, bulk purchasing, and contract renegotiation for savings.
  • Procurement Compliance for Regulatory Audits: Ensuring procurement processes meet industry regulations (e.g., PCI DSS, GDPR, SOC2) and are audit-ready—especially for high-risk services like payment processing or data hosting.

Documentation & Audit Readiness:

  • Maintain End-to-End Vendor Documentation:
    Ensure every vendor engagement—from onboarding to contract execution—has full records, including risk assessments, NDAs, compliance certificates (e.g. SOC2, PCI DSS).
  • Standardize Procurement Records for Traceability:
    Use secure, version-controlled systems (e.g. shared drives, procurement tools) to log and track purchase decisions, approvals, and communication trails.
  • Ensure Regulatory Alignment (e.g., GDPR, CBN, FCA):
    Validate that procurement documentation supports fintech-specific regulations—especially around data protection, financial controls, and vendor due diligence.
  • Audit Preparation and Response:
    Proactively gather audit-ready documentation (P.O.s, spend justifications, vendor SLAs, delivery notes and so on) and assist risk, compliance, or finance teams during internal or statutory audits.
  • Maintain and Update Compliance Checklists:
    Regularly review and refine procurement checklists to reflect evolving fintech compliance needs—such as updated KYC/AML requirements.

Requirements

  • Bachelor’s Degree in Procurement & Supply Chain Management, Business Administration, Finance, Economics, or a related field.
  • Minimum of 5 years core experience with procurement in the service industry.
  • Strong understanding of procurement policies and regulatory frameworks – especially within the fintech or financial services sector
  • Experience with contract negotiation and vendor performance management – to drive value and mitigate risk.
  • Familiarity with procurement systems and ERP tools – such as Oracle NetSuite for efficient sourcing and spend tracking.
  • Knowledge of supply chain dynamics and cost optimization strategies
  • Exposure to audit processes and documentation best practices – ensuring compliance and readiness for internal or external reviews.
  • Ability to collaborate with cross-functional teams – including Legal, Finance, IT, and Risk, to align sourcing strategies with business goals.
  • Professional certifications – such as MCIPS, PMP, or Six Sigma, which signal competence in strategic procurement and process improvement.

Essential Skills:

  • Contract Management
  • Financial Acumen
  • Analytical Thinking
  • Regulatory & Compliance Awareness
  • Communication & Stakeholder Management
  • Process Improvement
  • Strategic Sourcing & Negotiation

Personal attributes:

  • Exceptional attention to detail with a proactive, problem-solving mindset.
  • Ability to work both independently and as part of a team in a fast-paced environment.
  • Strong time management skills and ability to prioritize tasks effectively.
  • Amiable, self-starter with the ability to work under pressure and meet tight deadlines.
  • Adaptable to change and open to taking on new challenges.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidate should:
Click here to apply online


  

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