Procurement Manager at Fadac Resources and Services Limited

Fadac Resources and Services Limited - We provide businesses with human capital solutions that can help improve oral performance while reducing employment practice risk.We can assist organization no matter how large or small to establish, outsource and trouble shoot any human resources functions/ challenges Our believe is that people are the greatest asset in the organization regardless of the business size, industry and market share. We provide the best professionals backed with solid years of experience and knowledge, and their job is to integrate solutions for your business needs.

We are recruiting to fill the position below:

Job Title: Procurement Manager

Location: Lagos
Employment Type: Full-time

Job Objective

• The Procurement Manager is responsible for developing and executing procurement strategies that ensure cost effective, timely, and compliant acquisition of goods, services, and assets required for downstream operations.
• The role ensures alignment of procurement activities with financial policies, budgetary controls, and operational needs,while building strong vendor relationships and safeguarding company value.

Duties and Responsibilities
Procurement Strategy & Planning:

• Develop and implement procurement policies, procedures, and strategies in alignment with company goals.
• Support financial planning by providing input on procurement forecasts and budgets.
• Identify cost-saving opportunities through supplier negotiations, contract optimization, and sourcing alternatives.

Vendor & Contract Management:

• Manage supplier selection, qualification, and performance evaluation.
• Negotiate favourable terms, conditions, and pricing agreements with vendors.
• Ensure timely contract execution, renewal, and close-out in compliance with company standards.
• Maintain an updated and approved vendor database.

Sourcing & Purchase Execution:

• Oversee preparation of purchase requisitions, RFQs, bid evaluations, and purchase orders.
• Ensure goods and services are sourced at competitive prices without compromising quality.
• Track delivery schedules and resolve issues with late or non-conforming supplies.

Compliance & Risk Management:

• Ensure procurement activities comply with company policies, legal requirements, and auditstandards.
• Collaborate with QHSE, Legal, and Compliance teams to ensure supplier contractsmeet regulatory obligations.
• Monitor supplier adherence to ethical sourcing, anti-bribery, and corporate governance policies.

Cost Control & Reporting:

• Monitor procurement spending against budgets and identify cost-optimization opportunities.
• Prepare periodic reports on procurement performance, supplier performance, and savings achieved.
• Provide insights on market trends, price movements, and risk factors affecting procurement.

Stakeholder Engagement:

• Partner with Operations, Engineering, and other teams to understand procurement needs and specifications.
• Act as liaison between Finance and other departments to streamline approval and payment processes.
• Support cross-functional project teams with timely procurement of project-critical items.

Skills and Competencies:

• Contract Negotiation Communication
• Vendor Relationship Strategic Sourcing
• Cost Analysis
• Budgeting

Qualifications
Required:

• Bachelor’s Degree in engineering, Economics, Quantity Surveying, or related field
• Possession of a professional accreditation in Procurement (like CIPS) is an added advantage
• Minimum of 7 years of relevant experience in same/similar role
• Best Practices in Supply Chain Management, Procurement Process Development, Global Sourcing and International Business Knowledge
• Experience in ERP system with focus on Procurement
• Similar industry experience (downstream oil and gas) will be an added advantage.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should send teir CV to: favour.a@fadacresources.com using the job title as the subject of the mail.