Commodity Specialist - Insurance
Location : 135 Rivonia Campus, Sandton
Cluster : Personal and Private Banking | Nedbank Insurance | Operations
Preference will be given to applicants from Underrepresented Groups.
FAIS Affected
Job Purpose
As part of our Procurement team, you’ll help shape smarter ways of working with suppliers and internal teams. You’ll be involved in everything from analysing trends to improving processes and building strong relationships. Your work will directly support Nedbank’s goals for transformation, innovation, and sustainability.
Job Classification
Job Requisition :
TA Specialist : Refilwe Falatsi
Closing Date : 17 November 2025
Job Responsibilities
Strategic Sourcing & Vendor Management
- Identify and onboard suppliers aligned with short-term insurance needs.
- Maintain supplier relationships and ensure compliance with B-BBEE and regulatory requirements.
- Conduct supplier audits and manage documentation (BEE certificates, liability insurance, etc.).
Procurement Operations
Monitor and update supplier records and contracts.Compliance & Governance
Ensure procurement activities adhere to internal policies and industry regulations.Track and report on sourcing compliance and take corrective actions where needed.Cost Optimisation
Propose cost-saving initiatives.Benchmark pricing and negotiate favourable terms with suppliers.Stakeholder Engagement
Collaborate with Claims, Assessing, and Service Providers.Attend regular meetings with business units to align Procurement strategies.Reporting & Documentation
Maintain accurate records of supplier communications and procurement activities.Prepare reports on spend analysis, supplier performance, and compliance metrics.People Specification
Strong negotiation and communication skillsAttention to detail and analytical thinkingAbility to manage multiple priorities and meet deadlinesProficiency in Microsoft Office (especially Excel)Team player with a proactive mindsetUnderstanding of procurement governance and risk managementEssential Qualifications - NQF Level
Advanced Diplomas / National 1st DegreesPreferred Qualification
National Diploma, CIPS or Degree in Procurement, Supply Chain, or Business Administration.
Minimum Experience Level
3–5 years’ experience in procurement within the insurance or financial services sector.
Technical / Professional Knowledge
Administrative procedures and systemsBanking knowledgeBanking proceduresBusiness principlesBusiness terms and definitionsData analysisRelevant regulatory knowledgeRelevant software and systems knowledgeGovernance, Risk and ControlsBehavioural Competencies
Decision MakingContinuous ImprovementHigh-Impact CommunicationManaging WorkSustaining Customer SatisfactionTechnical / Professional Knowledge and SkillsContact
Please contact the Nedbank Recruiting Team at .
Seniority Level
Mid-Senior level
Employment type
Full-time
Job function
Purchasing and Supply Chain
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