Associate/AVP, Procurement Specialist

GIC is one of the world’s largest sovereign wealth funds. With over 2,000 employees across 11 offices around the world, we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the world’s industry leaders. As a leading global long-term investor, we Work at the Point of Impact for Singapore’s financial future, and the communities we invest in worldwide.

Corporate Administration and Infrastructure Department

We strive to provide the best work environment for our employees to enable them to deliver their best performance.

Enterprise Sourcing and Procurement

The Enterprise Sourcing & Procurement (ESP) team of the Corporate Administration & Infrastructure Department (CAID) provides strategic advice and supports GIC’s procurement needs that ensure compliance and maximise value without compromising quality.

What impact can you make in this role?

You will be empowered to deliver real tangible value and savings through strategic sourcing, so GIC can use its joint purchasing power to extract the best possible value from the marketplace. You will also help to ensure that GIC sources its goods and services from vendors and service providers with responsible and sustainable business practices to safeguard GIC’s reputation.

We are looking for a Procurement Specialist who will be responsible to manage and drive the procurement process to support GIC’s business needs. This role requires a person who is adaptable across different categories and possess the ability to build relationships with both the business and key suppliers.

What will you do as a Procurement Specialist?

Sourcing and Procurement

• Develop and implement strategic sourcing plans with the stakeholders
• Lead the end-to-end procurement process by collaborating across different teams, including stakeholders, finance, legal and technology
• Support stakeholders throughout the process, which includes development of procurement documents, managing the entire tender process, contracting and finance-related operations

• Develop negotiation strategies to extract best value
• Build strong understanding and relationships with the business and key suppliers
• Proactively analyse spend data to proactively improve performance and identify cost saving opportunities
• Ensure compliance with procurement policy and vendor risk framework

What qualification or skills should you possess in this role?

• At least 7 years of relevant experience in sourcing and procurement

• Degree in business and finance or equivalent
• Strong skills in project and relationship management 
• Familiarity and experience in category management, procurement and sourcing, contract and commercial negotiation, as well as financial and contract management
• Excellent in change management, risk management, and vendor management
• High technology aptitude, result oriented and a strong team player

Work at the Point of Impact

We need to be forward-looking to attract the right people to help us become the Leading Global Long-term Investor. Join our ambitious, agile, and diverse teams - be empowered to push boundaries and pursue innovative ideas, share your views, and be heard. Be anchored on our PRIME Values: Prudence, Respect, Integrity, Merit and Excellence, which guides us in how we make our day-to-day decisions. We strive to inspire. To make an impact.

Flexibility at GIC

At GIC, our offices are vibrant hubs for ideation, professional growth, and interpersonal connection. At the same time, we believe that flexibility allows us to do our best work and be our best selves. Thus, our teams come into the office four days per week to harness the benefits of in-person collaboration, but have the flexibility to choose which days they work from home and adjust this arrangement as situational needs arise.

GIC is an equal opportunity employer

GIC is an equal opportunity employer, and we value diversity. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.

Please email grphrodtaops@gic.com.sg at any point of the application or interview process if adjustments need to be made due to a disability.

Learn more about our Corporate Administration & Infrastructure Department here: https://gic.careers/group/corporate-administration-infrastructure-department/