Job Description

Introduction

Momentum Group Limited (Momentum Group) is a significant player in South Africa's life insurance and integrated financial services sectors. We are a proud Level 1 B-BBEE South African-based group dedicated to building and protecting our clients' financial dreams. Our client-facing retail and specialist brands, including renowned names such as Momentum, Metropolitan, Guardrisk, and Eris Properties, play a pivotal role in fulfilling this purpose. Our federated model emphasises empowerment, accountability, and continuous engagement with all our stakeholders. Designed in close consultation with leaders across the group, this operating model aims to unleash each business unit's inherent energy and commercial drive through our collaborative federated approach. Visit us at www.momentumgroupltd.co.za

Disclaimer

As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

Lead and optimize the procurement function within the short-term insurance environment by overseeing all claims related procurement processes, systems, and personnel. Ensure effective contract and tender management, vendor engagement, and compliance with industry regulations to drive value, efficiency, and strategic alignment.

Requirements

Bachelor's degree in Business studied, Procurement, Supply Chain, Finance, or related field*
12 years in procurement, with at least 6 years in a senior leadership role within short-term insurance or regulated financial services*
Proven experience in contract negotiation, supplier management, and cost-saving initiatives.*
Deep understanding of procurement legislation, governance frameworks, and insurance sector compliance.*
Strong strategic thinking, leadership, and stakeholder engagement capabilities.*

Duties & Responsibilities

Lead, mentor, and develop procurement staff to achieve high performance and productivity.*
Collaborate with Actuarial and Claims Operations to align staffing and performance targets.*
Design role-specific KPIs and ensure adequate resource planning.*
Foster a culture of innovation, professionalism, and continuous improvement.*
Promote staff morale through recognition, incentives, and values-driven leadership.*
Develop and implement procurement strategies aligned to business objectives.*
Oversee day-to-day procurement operations, including vendor management and stock purchasing.*
Review contracts and supplier portfolios to identify cost-saving opportunities and improve value.*
Ensure procurement activities are fair, transparent, and compliant with BBBEE and governance standards.*
Engage with consortiums to leverage economies of scale and enhance service delivery.*
Maintain robust procurement controls, policies, and procedures.*
Monitor supplier performance and enforce service level agreements.*
Address procurement-related risks proactively and ensure regulatory compliance.*
Analyze complaints and feedback to identify trends and implement corrective actions.*
Set and monitor annual savings targets in collaboration with Claims Operations.*
Manage procurement budgets and control expenses effectively.*
Track performance metrics and ensure delivery against strategic goals.*
Conduct MIS analysis and evaluate supplier proposals for risks, trends, and opportunities.*

Competencies

Planning and organizing*
Team Development*
Resilience*
Analytical*
Communication - verbal and written*
Persuasiveness*
Data interpretation*
Problem solving*
Financial Acumen*