Procurement Officer at Jubilee Insurance

Role Purpose

The role holder is responsible for overseeing and managing the procurement process within the health insurance company, ensuring the acquisition of goods and services is conducted efficiently, cost-effectively, and in compliance with internal policies and regulatory requirements. This role plays a critical part in supporting the company's operations and optimizing procurement activities, under the guidance of the Senior Manager – Procurement.

Strategic Responsibilities

• Procurement Strategy: Participate in the preparation of the annual procurement plan. Ensure the procurement strategy is aligned with the company's objectives, including defining sourcing approaches, supplier selection criteria, and cost-saving initiatives.
• Process Improvement: Continuously assess and improve procurement processes to enhance efficiency, accuracy, and overall customer experience. Identify opportunities for automation, digitization, and streamlining of premium administration activities.
• Operational Excellence: Drive operational excellence within procurement processes by setting clear goals and performance metrics, monitoring performance, and implementing improvement initiatives to achieve service level agreements and operational targets.
• Technology and Systems: Collaborate with IT and operations teams to assess, select, and implement appropriate technology solutions for procurement. Leverage digital tools, procurement systems, and workflow automation to optimize processes and enhance productivity.

Operational Responsibilities

• Supplier Management: Identify, evaluate, and select suppliers based on quality, pricing, delivery, and other relevant criteria. Maintain strong relationships with key suppliers, monitor their performance, and address any issues or concerns.
• Contract Negotiation: Negotiate and finalize contracts with suppliers, ensuring favorable terms and conditions.