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 cost 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 operate the procurement and vendor resource augmentation functions to support GIC business and operational needs. The Procurement Specialist provides procurement process guidance, sourcing strategy, negotiation strategy, vendor augmentation resourcing, vendor relationship management, contract finalization and management guidance which adheres to GIC policies and guidelines. The Procurement Specialist should ideally have IT-related background with work experience in operation, procurement, vendor augmentation resourcing, and vendor management. The Procurement Specialist is detail-oriented, meticulous and has good communication skills to liaise with stakeholders and vendors. The incumbent should also possesses good organisation skills to maintain vendor contract records and databases.
What will you do as a Procurement Specialist?
Procurement Operations
- Perform end-to-end procurement operations by working closely with stakeholders and vendors
- Support stakeholders on all procurement matters which includes development of procurement documents, tender matters including tender construction and evaluation approaches/options, procurement award and contract matters
- Administer tender opening, closing and issuance of addendums
- Prepare, propose and guide stakeholders on commercial negotiation strategies with vendors
- Propose enhancements to the procurement framework for continuous improvement
- Prepare monthly procurement reports to management
Vendor Augmentation Resourcing
- Perform vendor augmentation resourcing operations by working closely with stakeholders and vendors
- Support stakeholders on all vendor augmentation resourcing matters
- Facilitate on-boarding and off-boarding of vendor resources
- Manage vendor augmentation resources in meeting performance, SLAs and KPIs
- Prepare monthly vendor augmentation resourcing reports to management
Finance Operations
- Guide stakeholders in purchase requisition, goods receipt, and accrual governance, policies and guidelines
- Assist in operational risk self-assessments controls accuracy
- Facilitate due diligence on vendor risk management
- Support stakeholders in audit responses to auditor
Compliance Reporting
- Guide stakeholders on compliance to procurement governance, policies and guidelines and report non-compliance accordingly
- Report operational risk incidents
What qualification or skills should you possess in this role?
- At least 7 years of relevant experience in IT procurement and IT vendor augmentation resourcing management
- Degree in Computer Science/Information Technology, or 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
- Exceptional communication and analytical skills
- Strong writing skills and service/process improvement abilities
- 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 [email protected] 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/
To be considered for the role, please submit a formal application through the GIC Careers site at
https://careers.gic.com.sg/job-invite/15804/
