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Commodity Specialist - Insurance
Commodity Specialist - InsuranceNedbank • Johannesburg, Gauteng, South Africa
No longer accepting applications
Commodity Specialist - Insurance

Commodity Specialist - Insurance

Nedbank • Johannesburg, Gauteng, South Africa
23 hours ago
Job description

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 skills
  • Attention to detail and analytical thinking
  • Ability to manage multiple priorities and meet deadlines
  • Proficiency in Microsoft Office (especially Excel)
  • Team player with a proactive mindset
  • Understanding of procurement governance and risk management
  • Essential Qualifications - NQF Level

  • Advanced Diplomas / National 1st Degrees
  • Preferred 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 systems
  • Banking knowledge
  • Banking procedures
  • Business principles
  • Business terms and definitions
  • Data analysis
  • Relevant regulatory knowledge
  • Relevant software and systems knowledge
  • Governance, Risk and Controls
  • Behavioural Competencies

  • Decision Making
  • Continuous Improvement
  • High-Impact Communication
  • Managing Work
  • Sustaining Customer Satisfaction
  • Technical / Professional Knowledge and Skills
  • Contact

    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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    Commodity Specialist • Johannesburg, Gauteng, South Africa

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