Who are we?
At Finastra, we are a dynamic global provider of open finance software solutions, dedicated to expanding access to financial services. Our innovative applications span Lending, Payments, Treasury and Capital Markets, and Universal Banking. Proudly serving over 8,000 customers, including 45 of the world's top 50 banks, we aim to boost financial inclusion for all. Join us and be part of a vibrant company that embraces diverse perspectives, and is committed to doing well by doing good.
In order to fulfil the team purpose of the Global Procurement Department this role is necessary to procure IT goods and services to satisfy a variety of strategic requirements as directed by the Group lead for the IT Sourcing function. These may include, among others, software licences, hardware, IT services, IT infrastructure.
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In order to achieve a high quality and robust service the integrity, accuracy and contemporary nature of the item and vendor data in the ERP system is the responsibility, in part of the role. The level of support required for data update and maintenance will vary depending on the direction given to the individual in the role by Procurement management.
It is necessary to procure goods and services to satisfy a variety of strategic requirements as directed by the Group head of the buying function. These may include some complex third party procurement which the company requires for its operation and success including, among others, software licences, IT infrastructure, marketing, office services and professional services.
Key Responsibilities (Key accountabilities of the job)
Execute procurement plans for strategic purchases Lead negotiation and contract drafting activities with internal customers. Prepare reports and summarize data Ensure competent quality execution of all regular purchasing duties and administrative works. Maintain complete updated purchasing records/data in the system. Ensure audit compliance and procurement documentation accuracy and fitness for purpose. The preparation and process purchase orders and documents in accordance with company policies and procedures. Liaison with vendors throughout the procure-to-pay process. Participation in the vendor creation process Negotiate price and delivery terms under the framework of Finastra terms and conditions of purchase Negotiate framework agreements and contracts outside Finastra standard terms and conditions of purchase. Maintain system of ordering materials, supplies, and equipment. Communicating with requisitioners on progress and queries relating to their requirements. In order to achieve a high quality and robust service the integrity, accuracy and contemporary nature of the item and vendor data in the ERP system is the responsibility, in part of the role. The level of support required for data update and maintenance will vary depending on the direction given to the individual in the role by Procurement management. Provide input to Procurement Vendor Management and Sourcing teams on vendor performance Prepare reports and summarize data
Desired Skills and Experience
Experience
8+ years' experience IT Strategic Sourcing experience preferably in another FI or tech company.
It is essential that the previous experience includes the purchase of similar items / services as this role.
Experience of using ERP systems
Qualifications & certification
Bachelor Degree, or Professional accreditation, or HND (or equivalent) in a purchasing / procurement specific discipline. In certain circumstances a proven track record of performance in a related role will is acceptable in lieu of professional qualifications
We are proud to offer a range of incentives to our employees worldwide. These benefits are available to everyone, regardless of grade, and reflect the values we uphold:
• Flexibility: Enjoy unlimited vacation, based on your location and business priorities. Hybrid working arrangements, and inclusive policies such as paid time off for voting, bereavement, and sick leave.
• Well-being: Access confidential one-on-one therapy through our Employee Assistance Program, unlimited personalized coaching via our coaching app, and access to our Gather Groups for emotional and mental support.
• Medical, life & disability insurance, retirement plan, lifestyle and other benefits
• ESG: Benefit from paid time off for volunteering and donation matching.
• DEI: Participate in multiple DE&I groups for open involvement (e.g., Count Me In, Culture@Finastra, Proud@Finastra, Disabilities@Finastra, Women@Finastra).
• Career Development: Access online learning and accredited courses through our Skills & Career Navigator tool.
• Recognition: Be part of our global recognition program, Finastra Celebrates, and contribute to regular employee surveys to help shape Finastra and foster a culture where everyone is engaged and empowered to perform at their best.
Specific benefits may vary by location.
At Finastra, each individual is unique, bringing their own ideas, thoughts, cultural beliefs, backgrounds, and experiences together. We learn from one another, embrace and celebrate our differences, and create an environment where everyone feels safe to be themselves.
Be unique, be exceptional, and help us make a difference at Finastra!