Procurement Specialist

Finance

Purpose of the Role

As a Procurement Specialist you will be responsible for executing the end to end Source to Pay (S2P) process, supporting strategic, and operational sourcing activities. You will ensure compliance with internal policies, and driving value through cost optimization, supplier performance management, and process efficiency. Your role requires strong analytical capability, stakeholder management, and excellent command of procurement systems particularly SAP Ariba S2C.

Responsibilities of the Role

Strategic Sourcing & Category Support

Support category managers in developing sourcing strategies for indirect spend categories (e.g., Marketing, IT, Professional Services, Facilities).
Conduct spend analysis, market research, and supplier benchmarking.
Manage RFI/RFP/RFQ processes via SAP Ariba S2C.
Evaluate supplier proposals using structured frameworks.

Contracting & Compliance

Draft and review supplier contracts (MSA, SOW, PO terms).
Coordinate with Legal, InfoSec, and Risk for contract reviews.
Ensure documentation complies with Procurement and regulatory requirements (IC, AMLA, Data Privacy, internal controls).

Supplier Management

Support performance evaluations, scorecards, and vendor risk assessments.
Resolve operational issues between internal stakeholders and suppliers.

Procurement Operations

Create and manage purchase requisitions and purchase orders in SDP (local procurement tool).
Maintain accurate procurement records and reports.
Drive continuous improvement initiatives.

Data Analytics & Reporting

Prepare monthly procurement dashboards (savings, cycle time, compliance).
Conduct advanced data analysis using Excel (pivot tables, Power Query, formulas, modeling).

Requirements for the Role

Bachelor’s degree in Business, Supply Chain, Engineering, or related fields
3–4 years’ experience in Procurement or Strategic Sourcing
Strong negotiation and communication skills
Analytical and data-driven decision-making
Stakeholder engagement and vendor relationship management
Process orientation and attention to detail
Ability to manage multiple sourcing events concurrently
Experience in financial services or insurance industry
Certification: CIPS, CPSM, or relevant training
Proficient in MS-Office, familiar with procurement systems SAP Ariba S2C (events, sourcing, contracts) and ERP platforms
Knowledge in contract law, vendor risk management, or category strategy.
Intermediate to Advanced Excel skills (complex formulas, pivot analysis, Power Query)
Experience with AI-driven adaptive learning technologies and data analysis for personalized training.
Proficiency in using AI tools for content recommendation, automated assessment, and feedback.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer.

We are united by a shared commitment: to put our customers first and at the centre of everything we do. Their needs inspire our thinking and guide our actions.

Together, we can build an environment where everyone feels empowered and confident to explore, grow and to shape a better future – for our customers and for the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.

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Procurement Specialist