Commodity Specialist Insurance
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Job Location:
Johannesburg - South Africa
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Job Classification
Job Requisition: 141833
TA Specialist: Refilwe Falatsi
Closing Date: 17 November 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
As part of our Procurement team youll help shape smarter ways of working with suppliers and internal teams. Youll be involved in everything from analysing trends to improving processes and building strong relationships. Your work will directly support Nedbanks goals for transformation innovation and sustainability.
Job Responsibilities
Strategic Sourcing & Vendor Management:
- Identify and onboard suppliers aligned with short-term insurance needs.
- Maintain supplier relationships and ensure compliance with B-BBEE and regulatory requirements.
- Conduct supplier audits and manage documentation (BEE certificates liability insurance etc.).
Procurement Operations
- Monitor and update supplier records and contracts.
Compliance & Governance
- Ensure procurement activities adhere to internal policies and industry regulations.
- Track and report on sourcing compliance and take corrective actions where needed.
Cost Optimisation
- Propose cost-saving initiatives.
- Benchmark pricing and negotiate favourable terms with suppliers.
Stakeholder Engagement
- Collaborate with Claims Assessing and Service Providers.
- Attend regular meetings with business units to align Procurement strategies.
Reporting & Documentation
- Maintain accurate records of supplier communications and procurement activities.
- Prepare reports on spend analysis supplier performance and compliance metrics.
People Specification
- Strong negotiation and communication skills
- Attention to detail and analytical thinking
- Ability to manage multiple priorities and meet deadlines
- Proficiency in Microsoft Office (especially Excel)
- Team player with a proactive mindset
- Understanding of procurement governance and risk management
Essential Qualifications - NQF Level
- Advanced Diplomas/National 1st Degrees
Preferred Qualification
National Diploma CIPS or Degree in Procurement Supply Chain or Business Administration.
Essential Certifications
Minimum Experience Level
35 years experience in procurement within the insurance or financial services sector.
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
Key Skills
- Sales Experience
- Time Management
- Marketing
- Customer Service
- Communication skills
- Retail Sales
- Business Management
- Outside Sales
- Telemarketing
- Insurance Sales
- Medicare
- Phone Etiquette
About Company
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