Procurement Specialist

About the Company

WeFund is the leading FinTech company in the Philippines. It is a subsidiary of FinVolution Group, one of the biggest FinTech companies in Asia and is publicly listed with the NYSE (FINV). Our core values are ICED Tea: Integrity, Competence, Enthusiasm, Dependability and Teamwork.

About the Job

JOB TITLE : Procurement Specialist

REPORTS TO : Procurement Manager

LOCATION : Ortigas, Pasig City

Job Summary

The Procurement Specialist is responsible with the company's end-to-end procurement and vendor lifecycle and drives cost optimization. Further, the incumbent establishes strong supplier partnerships, negotiates favorable terms, and mitigates risks to support the company's operational and financial goals.

Job Responsibilities

Vendor Management

• Partners with the Procurement Manager in designing, developing and establishing the company's procurement policies, controls, and supplier audit practices.
• Conducts and leads regular vendor review and audit including vendor / supplier partner performance
• Builds strategic relationships, especially with critical suppliers, and develops a pipeline of vendors / suppliers.
• Leads vendor / supplier selection process, accreditation / onboarding, performance evaluation, and offboarding process (termination).

Contract Management and Negotiation

• Leads negotiations to secure the best terms, service levels, and costs from suppliers.
• Collaborates and partners with the Legal, Finance, and the requesting department in reviewing and managing the contracts to ensure clarity, compliance, and enforceability.

Department Operations

• Implements procurement activities ensuring cost-effectiveness, quality, and timely delivery of goods and services.
• Collaborates and partners with the different departments for planning and execution of the company's procurement strategy and operational delivery.
• Drives continuous improvement initiatives.

Risk and Compliance

• Identifies risks and creates mitigation strategies.
• Adheres and complies with legal, regulatory, and internal controls and standards to reduce corruption related risks and other possible internal and external financial losses.

Qualifications:

• Bachelor's degree in Business Administration, Supply Chain Management, or related field
• 7+ years of experience in Supply Chain Management with at least 5 years specialization in Procurement and Vendor Management ideally in FMCG, fintech, digital lending, or fast-paced digital industries
• Tech-savvy and able to liaise with vendors across biometrics, anti-fraud, cybersecurity, and credit scoring fields.
• Fluent in English for daily business communication, negotiation and document review. Strong cost awareness, negotiation ability and risk control awareness.
• Experience in negotiating and managing large scale contracts and portfolio

Skills:

• Strong understanding and expertise in vendor management or procurement cycle
• High integrity and commitment to compliance
• Excellent interpersonal and communication skills
• Strong analytical and negotiation skills, financial acumen, and data-driven mindset
• Responsible, detail-oriented, able to handle urgent and multi-task procurement demands.
• Experience in dealing with different nationalities and working in cross-functional teams

Why Join JuanHand

• Be part of a fast-growing fintech company transforming financial access in the Philippines.
• Work in an agile, innovative, and mission-driven environment.
• Competitive compensation and benefits.
• Opportunities for growth and leadership.
• Culture of ICED Tea and Setting Up People for Success.

Wefund is the leading fintech cash lender in the Philippines and owns the online lending platform called JuanHand. JuanHand has been recognized by the SEC as a Best Practice OLP. Currently, it has over 65million downloads and disburses over 3.5billion pesos of loans monthly.

Wefund is a subsidiary of Finvolution Group, one of the biggest fintech companies in Asia with a USD27billion loan book. Finvolution is a publicly traded company and listed with the NYSE (FINV). Wefund is committed to help the creditworthy yet underserved by offering tech enabled financial products that are pleasant to use, with fair interest rates and fast approval times. It is the trusted fintech lender of choice and operates with the highest level of integrity and ethics. Wefund has a reputation of being an Employer of Choice in the Fintech Lending industry. Our Core Values are ICED Tea: Integrity, Competence, Enthusiasm, Dependability and Teamwork.