Commodity Specialist
Commodity Specialist
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1 Vacancy
Job Description
Job Classification
Job Requisition: 141833
TA Specialist: Refilwe Falatsi
Closing Date: 13 October 2025
Location: 135 Rivonia Campus Sandton
Cluster: Personal and Private Banking Nedbank Insurance Operations
Please Note: Preference will be given to applicants from Underrepresented Groups
FAIS Affected
Job Purpose
Job Responsibilities
- Analyse trends by reviewing management information.
- Assisting stakeholders with budget forecasting by providing commodity information.
- Identifying opportunities to develop sourcing strategy that will result in cost saving by benchmarking and negotiating with internal and external stakeholders.
- Ensure that preferential procurement BBBEE targets are aligned to the Financial Sector Charter (FSC) as determined by the Department of Trade and Industry code of good practice.
- Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives.
- Participate and support corporate social responsibility initiatives for the achievement of key business strategies.
- Identify and recommend opportunities to enhance processes; systems and policies and support implementation of new processes; policies and systems.
- Develop and maintain policies by understanding and collaborating with stakeholders to determine practical processes.
- Mitigating risks by ensuring that policies and regulatory and industry governance requirements are adhered to.
- Selection of preferred suppliers by conducting a tender or quotation process.
- Drafting and signing of contracts by liaising with Group Legal and stakeholders.
- Ensuring SLAs are met through end to end management of the contract (includes supplier relationship and performance management).
- Measure local procurement and environmental objectives against Nedbanks transformational objectives by conducting surveys or reviewing management information.
- Identifying business requirements by engaging with internal stakeholders to understand business needs.
- Collaboration with stakeholders to implement the sourcing strategy by coordinating workshops; presentations and meetings.
- Exchange of information between stakeholders to achieve the procurement objective by sharing management information.
- Manage and maintain internal and external stakeholder relationships by conducting regular engagements. Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters; websites and attending sessions.
- Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders.
- Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.
- Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed; experience practiced and certifications obtained and/or maintained within specified time frames.
- Ensure information is provided correctly to stakeholders by maintaining knowledge sharing knowledge with team.
Job Responsibilities Continue
People Specification
Essential Qualifications - NQF Level
- Advanced Diplomas/National 1st Degrees
Preferred Qualification
BCom
CIPS is highly beneficial
Essential Certifications
Minimum Experience Level
3 years procurement experience within the Insurance environment
Technical / Professional Knowledge
- Administrative procedures and systems
- Banking knowledge
- Banking procedures
- Business principles
- Business terms and definitions
- Data analysis
- Relevant regulatory knowledge
- Relevant software and systems knowledge
- Governance Risk and Controls
Behavioural Competencies
- Decision Making
- Continuous Improvement
- High-Impact Communication
- Managing Work
- Sustaining Customer Satisfaction
- Technical/Professional Knowledge and Skills
Please contact the Nedbank Recruiting Team at
Required Experience:
IC
Employment Type
Full Time
