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).
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.