Procurement Specialist

6 hours ago

Red Bank, New Jersey, United States OceanFirst Bank Full time
About the Role

At OceanFirst Bank, we're committed to fostering a culture of respect, professionalism, and diversity. As a key member of our team, you'll play a vital role in driving our mission forward. Enjoy a range of benefits, including an on-site fitness facility, hybrid schedule, employee perks, tuition assistance, and more.

Job Summary

As a Procurement Specialist, you'll be responsible for coordinating with internal lines of business to establish and maintain third-party relationships for the procurement of goods and services. You'll manage expenses associated with purchases, establish relationships with suppliers and internal partners, and maintain/updating company supplier contracts and related records in our Vendor Management System.

Key Responsibilities
  1. Maintain/update company supplier contracts and related records in the Company's Vendor Management System.
  2. Implement and maintain contracting and procurement procedures in compliance with the Bank's Procurement Policy and Vendor Management program.
  3. Assist internal lines of business with vendor onboarding and termination activities.
  4. Provide training to new users to effectively use vendor management software tools.
  5. Administer centralized procurement process through a strategic partner and procure supplies through alternate vendors as needed.
  6. Coordinate with Lines of Business to monitor contract service level commitments to ensure satisfactory performance of service providers.
  7. Advance the Bank's efforts to reduce resource consumption and promote sustainability.
  8. Liaison with key supplier to review inventory levels, consumption trends, and pricing to make recommendations as appropriate.
  9. Assist Finance Department with the review and execution of purchase requests received from various departments and invoice reviews, as appropriate.
Requirements
  • Knowledge of principles and practices of vendor management, project management, and procurement.
  • Strong organizational and problem-solving skills.
  • Strong communication skills.
  • Proficiency in Microsoft Office Suite, including advanced Excel skills.
  • Demonstrated ability to ensure compliance with established policies and procedures.
  • Ability to issue a Request for Proposal, evaluate bids, and make a recommendation on contract award.
  • Ability to understand banking rules, regulations, and operations and apply same.
  • Ability to gather, compile, and present data.
  • Proven ability to multi-task in a fast-paced environment with attention to detail.
Preferred Qualifications
  • Associate's Degree in Business, Accounting, Supply Chain Management, or related field.
  • 2+ years' experience in Vendor Management, Procurement, or related work experience.

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