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Job Description
The ideal candidate will lead the procurement 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.
Skills
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.
Job Details
Preferred Candidate
Bupa Arabia
Bupa Arabia is a healthcare insurance company based in the Kingdom of Saudi Arabia. We are an associate business of Bupa Group, which is a global healthcare company with an international reach that extends across multiple business operations, practices, and resources.
Founded in October 1997, Bupa Arabia was initially established through a partnership between Bupa Global International and Nazer Group, with the key focus to provide health insurance services with high quality and competitive prices, while ensuring a distinctive experience for customers. Bupa Arabia has since evolved into a fully Saudi-owned and operated company. Our transformation from a joint venture into a publicly traded company on the Saudi Stock Exchange occurred in 2008, as we made 40% of our shares available to the public during our Initial Public Offering (IPO).
As a subsidiary of the global Bupa Group, we draw upon international expertise while maintaining a profound understanding of local healthcare requirements and regulations. This allows us to offer comprehensive healthcare insurance solutions tailored to the unique needs of the Saudi Arabian market.
Bupa Arabia prides itself on its commitment to the wellbeing and development of its employees, providing them with the same standard of care, support, and professionalism that it expects to be delivered to its customers.
Our core values shape every aspect of our work and culture:
Commit – Own it with accountability and urgency.
Collaborate – Win together through cross-functional synergy.
Care – Put people first, both employees and customers.
