Procurement Specialist

Company Description

Momentum Financial Services is a leading provider of financial services in North America. For 40 years, we've been committed to providing financial solutions that meet the evolving needs of consumers and business owners. Through our retail network of over 400 locations, known as Moneymart, Insta Cheques and the Cheque Cashing store, we provide access to cash and related products to help our customers achieve their goals.

Our highly skilled workforce puts customers first in everything we do. We serve 2 million people annually with diverse and innovative financial products such as loans, cheque cashing, money transfer and prepaid cards. Through this ever-evolving suite of services, we empower customers to manage their finances and improve their lives. Wherever customers are on their financial journey, Momentum Financial Services Group provides solutions.

#Corporate

Job Description

GENERAL FUNCTION

• Lead the PO life cycle and liaise with business and AP to setup Purchase Orders. The resource will also lead the GEP supplier and contract management tool along with managing POs in Oracle.

DUTIES/RESPONSIBILITIES:

• Lead the Purchase Order process, ensure all POs are setup accurately, resolve any issues with AP and answer any business vendor questions on the PO
• Draft PO life cycle Standard operating procedures ( SOPs), draft process/ policy documentation, as required
• Run reports on third-party spend, put together a PO process utilization view and flag any anomalies
• Work with Oracle and GEP support teams to utilize the system optimally

Qualifications

EDUCATION:

• Bachelor's degree in business, economics, finance, logistics, or in a related field.

EXPERIENCE:

• 5-6 years of experience in procure-to-pay process , specifically in Financial Services or IT industry

SKILLS:

• Good understanding of procure-to-pay process with the ability to understand contracts/ PO payment terms & payment cycle ( eg. Prepaid, month-month etc.)
• Ability to understand how the Purchase Requisition, Purchase Orders, and Invoices differ and the impact that each has on the process
• Financial Accounting background with knowledge of accruals and taxes related to expenses and accruals
• Ability to understand the components of General Ledger code and how they apply Experience with P2P tools like Oracle, Coupa, GEP , SAP etc.
• Can develop process flows and procedures as well as standard operating procedures (“SOP’s”)
• Exceptional written and verbal communication skills
• Problem solving – critical thinking skills Medium to High level excel skills (good working knowledge of formulates Pivot and vlookups etc.)
• Expense Management and budgeting experience will be useful

Additional Information

All your information will be kept confidential according to EEO guidelines.

*Notice to Ontario Applicants – Momentum Financial Services Group is committed to accommodating applicants with disabilities up to the point of undue hardship during the recruitment, assessment, and selection process. If you are selected for an interview, please notify Momentum Financial Services Group if you require accommodation in respect of the materials or procedures used at any time during this process. If you require accommodation, we will work with you to determine how to meet your needs.

Note to Internal Applicants: All internal applicants are required to notify current manager regarding interest in applying for this role.