Commodity Specialist

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 SLA's are met through end to end management of the contract (includes supplier relationship and performance management).
• Measure local procurement and environmental objectives against Nedbank's 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

Preferred Qualification

BCom

CIPS is highly beneficial

Essential Certifications

Minimum Experience Level

3 years procurement experience within the Insurance environment

Technical / Professional Knowledge

Behavioural Competencies