Senior Manager – Cost Management & Procurement

The ideal candidate will lead the cost management team, managing cost reduction initiatives and comply with company budget & forecasting, supervise all procurement activities within company procedures and policies, and driving continuous improvement and consistency of procurement reports across the business.

Cost Management

• Identify and analyse cost drivers to lower the company expenditures and maximize total value.
• Driving cost reduction initiatives & generating new ideas which address issues and tackle the underlying causes of problems.
• Proactive analysis of variances and communication of issues and opportunities to the finance operation director.
• Manage the transition from the existing cost environment to a new standard cost process.

Company Procurement

• Help identify procurement requirements within the company in terms of volume and specification to ensure that better prices, greater discounts and more agreeable terms can be obtained.
• Support the development and improvement of comprehensive procurement policy and processes.
• Ensure that the tendering process is managed in compliance with procurement polices & procedures.
• Mange communication with finance reporting team to ensure accurate and timely payment of invoices, as necessary for the business with the supplier.
• Develop and extend supplier relationships to deliver increased value to the company business.
• Ensure that procurement is controlled by continuous challenge identify savings opportunities and monitor actual savings against plan.
• Assist department in developing and implementing purchasing strategies to ensure quality and competitive pricing.

Reporting & Monitoring

• Assists management with building an annual operating budget for the company.
• Supervise monthly reporting of OPEX against budget and highlight issues / variances to top management.
• Assist in monitoring budget versus actual figures and works with cost centre managers to develop strategies to maximize budget efficiencies.
• Mange & facilitating the annual budget upload process into the general ledger.
• Producing regular reports and advising management promptly of any forecast cost over/under run, with recommendation for corrective plan

Communication & Leadership

• The ability to communicate financial information needed to plan, evaluate and control the organization’s operating cost.
• Ability to establish and maintain effective working relationships with department managers and other stakeholders.
• Ability to demonstrate strong leadership and preferably experience in leading team members.

Years of Experience

• Minimum experience of 8 years in cost management, purchasing and cost control.

Skills Required (Technical/Managerial)

• University degree in Finance, business administration
• Strong Knowledge in financial reporting and accounting and ability to prepare complete and accurate budget reports.
• Strong knowledge in cost management, Forecasting, Budgeting.
• Strong knowledge of the purchasing standards.
• Good knowledge in commercial environment.