Procurement Executive

2 weeks ago


Dubai, United Arab Emirates k4 Technical services Full time

A Procurement Executive with basic accounting experience plays a crucial role in managing an organization's procurement activities while also having a foundational understanding of accounting principles. This combination of skills allows the individual to effectively manage the procurement process, track expenses, and ensure financial accuracy within the procurement function. Here's an overview of the responsibilities and skills associated with this role:
**Responsibilities**:
**Procurement Management**:Identifying and sourcing suppliers for goods and services needed by the organization.
Evaluating supplier bids, negotiating contracts, and ensuring favorable terms and pricing.
Collaborating with various departments to determine procurement needs and specifications.
Monitoring procurement orders to ensure timely delivery and quality of goods/services.

**Financial Tracking**:Recording procurement-related transactions in the accounting system.
Tracking expenses related to procurement, including purchase orders, invoices, and payments.
Reconciling procurement-related financial data to ensure accuracy and compliance.

**Budget Management**:Working within allocated budgets for procurement activities.
Providing insights and data to assist in budget planning and forecasting.
Monitoring procurement spending to prevent budget overruns.

**Supplier Relationship Management**:Building and maintaining positive relationships with suppliers.
Addressing supplier concerns and resolving issues related to orders or deliveries.
Conducting performance evaluations of suppliers to ensure quality and reliability.

**Compliance and Documentation**:Ensuring that procurement processes adhere to organizational policies and relevant regulations.
Maintaining accurate documentation of procurement transactions and contracts.
Assisting with audits and compliance checks as required.

**Skills**:
**Procurement Expertise**:Knowledge of procurement processes, sourcing strategies, and supply chain management.
Familiarity with different types of procurement contracts and negotiation tactics.

**Basic Accounting Skills**:Understanding of fundamental accounting principles and concepts.
Ability to record transactions, manage accounts payable, and reconcile financial data.

**Communication and Negotiation**:Strong communication skills for effective interaction with suppliers, internal teams, and stakeholders.
Negotiation skills to secure favorable terms, pricing, and conditions.

**Organizational Skills**:Ability to manage multiple procurement projects simultaneously and prioritize tasks.
Attention to detail for accurate record-keeping and data management.

**Analytical Thinking**:Capacity to analyze procurement data, identify cost-saving opportunities, and make informed decisions.

**Software Proficiency**:Familiarity with procurement software, accounting software, and Microsoft Office suite.

**Ethical Conduct**:Upholding high ethical standards in supplier interactions, contract management, and financial dealings.

**Salary**: AED3,000.00 - AED4,500.00 per month

Ability to commute/relocate:

- Dubai: Reliably commute or planning to relocate before starting work (required)

**Experience**:

- procrument: 3 years (required)
- accounting: 2 years (required)


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