Procurement Lead

This role is responsible for ensuring suppliers deliver value for money, operate within budget, and meet contractual and performance standards. You will play a key role in supplier tenders and final selection of suppliers, strengthening cost control, improving spend visibility, and minimizing financial and operational risks.

Areas of Responsibility

• Support vendor selection by conducting financial and commercial evaluations, ensuring cost-effectiveness and alignment with business requirements
• Collaborate with operational and support departments to identify procurement needs, source suitable suppliers, and manage the tendering process
• Develop and maintain strong supplier relationships, ensuring optimal performance, cost efficiency, and adherence to financial and contractual obligations
• Monitor SLAs, KPIs, and contractual obligations to ensure vendors deliver against agreed commercial terms
• Review vendor costs, billing accuracy, and spend trends to prevent overcharges and value leakage
• Identify financial risks, inefficiencies, and opportunities for cost savings or renegotiation
• Ensure suppliers align with YSI brand standards, compliance requirements, and financial controls
• Maintain oversight of contracts, pricing structures, and renewal timelines to support budgeting and forecasting
• Collaborate with the Financial Control and Analysis team to support accruals, cost tracking, and budget vs. actual variance analysis
• Collaborate with Legal, Operations and relevant departments to ensure proper contract governance and risk management
• Oversee vendor onboarding, due diligence, and ongoing governance processes

Requirements

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field
• 3-5+ years of experience in vendor management, procurement, or finance-related roles
• Strong financial and commercial acumen (cost control, budgeting, spend analysis)
• Experience reviewing contracts, pricing models, and supplier commercial terms
• Familiarity with SLAs, KPIs, and supplier performance frameworks
• Strong analytical skills with proficiency in Excel; experience with ERP/P2P systems is a plus
• Good communication and stakeholder management skills
• Detail-oriented, proactive, and comfortable working in a fast-paced environment