Procurement and Vendor Management Officer at Princeps Credit Systems Limited

The Princeps Credit Systems Limited is a subsidiary of Princeps Holdings Limited. Today, it is positioned to become Africa’s foremost provider in consumer financial services, with one of its product being Creditwallet, a brand with a vision to make borrowing experience stress-free for every salaried worker in Africa by providing quick and easy access to loans with high quality service.

We are recruiting to fill the position below:

Job Title: Procurement and Vendor Management Officer

Location: Ikeja, Lagos
Job type: Full-time

Job role

• The Procurement and Vendor Management Officer is responsible for sourcing goods and services, managing vendor relationships, and ensuring cost-effective, timely, and compliant procurement activities.
• The role supports organizational operations by negotiating contracts, monitoring vendor performance, and maintaining accurate procurement records while ensuring adherence to company policies and regulatory requirements.

Key Responsibilities

• Plan, coordinate, and execute procurement activities in line with approved budgets and procurement policies.
• Source and evaluate suppliers, obtain quotations, and prepare comparative analyses for management approval.
• Process purchase requisitions, purchase orders, and ensure timely delivery of goods and services.
• Ensure all procurement activities comply with internal controls and regulatory standards.
• Identify, onboard, and maintain relationships with approved vendors and service providers.
• Negotiate pricing, terms, and service level agreements to achieve best value for the organization.
• Monitor vendor performance, quality of delivery, and compliance with contractual obligations.
• Resolve vendor-related issues and manage contract renewals and terminations.
• Maintain accurate procurement and vendor records, contracts, and supporting documentation.
• Prepare monthly reports, cost analysis, and vendor performance evaluations for management review.
• Support audits by providing required procurement and vendor documentation.
• Work closely with internal departments to understand procurement needs and timelines.
• Provide guidance on procurement procedures and vendor selection processes.
• Support management in developing procurement strategies and cost-saving initiatives.

Qualifications

• Bachelor’s Degree in Procurement, Supply Chain Management, Business Administration, Finance or any related field.
• 3–4 years’ experience in procurement, purchasing, or vendor management.
• Professional certification (e.g., CIPS, CPSM) is an added advantage.
• Proven experience in procurement, sourcing, or supply chain management.
• Strong negotiation, vendor management, and analytical skills.
• Good understanding of procurement best practices and regulatory compliance.
• Good reporting analysis of monthly activities.
• Excellent communication, organizational, and decision-making skills.
• Proficiency in procurement systems and Microsoft Office tools.

Job Benefits

• Salary: N400,000 - N500,000 Net Monthly
• Competitive Salary: We know competitive pay is essential. That's why we offer salaries that stand out, reflecting both industry benchmarks and your individual value.
• Health Insurance: We provide comprehensive health insurance benefits to ensure the well-being of our employees. Our health insurance plan encompasses a range of medical services, offering financial security and support for your healthcare needs.
• Performance Bonus: We recognize and reward our employees who have performed exceptionally well, our periodic performance bonuses reward employees and teams who have gone over and beyond to achieve their individual and team goals. 
• Year-End 13th Month Bonus: As part of our commitment to recognizing and appreciating the hard work and dedication of our employees, we provide an additional financial benefit in the form of a 13th-month salary. This year-end bonus is one way we acknowledge and appreciate our employees for their commitment all year long.
• Leave Allowance: We acknowledge the significance of our employees taking breaks for rejuvenation. Alongside the annual leave entitlement, we offer leave allowance to ensure our employees enjoy their annual leave to the fullest.
• Employee Investment Advantage: We offer our people the opportunity to invest in the company with a special advantage - the privilege of enjoying a higher interest rate on their investments compared to external individuals. This exclusive benefit is designed to empower our team members and align their financial success with the success of the company.

Application Closing Date
Not Specified.

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